Ftse 2 hr chart

http://smartmoneytracker.blogspot.co.uk/2013/04/dollar-collapse-has-begun.html

Fidelity Chinese Special Sits

Anthony Bolton's fund which got off to a poor start. Are things taking a turn for the better ? Watching to see if this move down is corrective to the powerful thrust off the double bottom at 70. My intuitive feeling is that this chart looks very bullish

A lot of the wavers have been bearish for a long time,and forced back to the drawing board by all the money-printing. Are they finally going to have their moment ?   (chart by Daneric)

lets see if the double top holds

upward sloping flag ?

http://www.zerohedge.com/news/2013-04-28/chief-advisor-us-treasury-set-become-jpmorgans-second-most-important-man

Gold

I had thought gold might spike down to 1488 and showed this chart a few times.In the end we had a much bigger fall and I am very much on the sidelines until the picture clears up. As I understand it physical demand remains strong and I personally dont see an imminent end to the money printing that is Central banks' default policy to the current crisis that we are still in,so I am fundamentally bullish and waiting for the technicals in the paper market to clarify the situation.At the moment they are bearish and I suspect a retest of the lows is likely,I still believe gold will trade much higher within the next few years

Cable

Upper bollinger band pierce and 50% retracement close

Dow

Dow channel with some repeating time ranges.This suggests we decline soon into a mid-late May low

HSBC

HSBC gave a kicking candle buy signal a few days ago and is back above the ema's

Bernanke Appreciation Society,Annual gathering ?

(link from Jim Rickards    https://twitter.com/JamesGRickards/status/317994288988446720/photo/1)

Ftse

We took out a swing high but this still looks like distribution . However ftse250 weekly looks like it could be a pennant so guard against complacency

this chart is from Korelli               http://korelli.typepad.com/blog/

I like the count because it offers a good risk/reward should the pink line break,short with a stop above the w2 high. For all the criticism of Elliott wave,this is its value,to me,that it offers good setups every now and then

http://seekingalpha.com/article/1364781-newmont-mining-is-now-too-cheap-to-ignore-with-a-5-yield?source=google_news

Dax

The market is at resistance having found support at 7500.Next week should be key but I am looking for a reversal from the fib retracement

http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425?print=true

my thanks to Crystlz,from Dino;s blog for this link

CAC

Are the markets ever going to be allowed to fall ?  The sell setup on the CAC was textbook Gann,with a high on the March time cycles and a gap down break of a triple bottom.In any normal market this would have led to a decent fast move down....We have seen this sort of thing too many times now to believe it is anything other than blatant manipulation....eg FTSE in November,SPX in summer 2011

GDXJ

11.25 (25% of 45) should be major support (high was 44.86)
This  is shorter term chart with some basic murrey math levels.

Price pierced the lower bollinger band last week

Ftse

Gerald Celente on the Boston Siege http://www.youtube.com/watch?v=t3A_ULGlUtw&feature=player_embedded#!

Dax very critical levels here for the bear case. I am watching for  close below the 21 dema

the MACD histogram punched a positive bar,worrying for the bears.Caution is warranted

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Former_US_Treasury_Official_-_Fed_Desperate_To_Stop_Collapse.html

  " The Fed’s ability to print can have a longer life than one might think.  Recognizing the dollar’s vulnerability from the printing press, Washington has convinced the Japanese government to help protect the dollar by printing yen and is lobbying the ECB to print more euros.  To prevent sharp appreciation in the franc, the Swiss have had to print francs in order to absorb inflows of dollars and euros.  Indeed, the Fed’s debasement of the dollar forces other countries to print also in order to protect their export markets.  When so many countries print money, it takes the pressure off the dollar.  What it means is that so much money is being created that the final blowout will result in a world inflation.  Unless the Chinese join the printing in order to protect their export markets, China will be set to take over the reserve currency role.  (Printing a currency causes it to depreciate relative to other currencies. If all currencies are printed, there is no relative change.)

In that event, what would finance the federal budget deficit?  Now desperate, authorities might seize bank deposits, not in order to bail out bankers but to bail out the federal government.  After bank deposits are pillaged, the remaining source of wealth to be plundered would be private pensions, or what is left of them after rising domestic inflation and interest rates collapse the bond, stock, and real estate markets."

this is updated chart from Saturday's post where I said the Dax might rally to allow the ma's to converge.

a good update from Andrea Calissano. Yesterdays move in the Dax was unexpected (by me) but the 200 dma was a support level .I want to see last week's high hold .

http://www.thewavetrading.com/2013/04/24/spx-follow-up-of-the-short-term-ewp-106/

http://video.cnbc.com/gallery/?video=3000162552   Jim Grant

OJ

OJ looks done ( I know I said that a couple of weeks ago !) If it was a corrective move it was a very big one

Beans

bearish descending triangle

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/23_Sinclair_-_Swiss_Bank_Just_Refused_To_Give_My_Friend_His_Gold.html

chart by Ron Walker.Lets see if the 200 pma acts as resistance

GSK

I posted this chart recently because it looked like a 3rd attempt to break through resistance.That has been confirmed,with good volume

http://www.zerohedge.com/contributed/2013-04-22/why-western-banking-cartel%E2%80%99s-gold-and-silver-price-slam-will-backfire-and-how

I dont want to get into the gold and silver price manipulation/conspiracy arguments,which seem way too emotional (on both sides to me) Nevertheless I like to keep an eye on the various theories whilst ultmiately letting the chart decide.The point about premiums of physical over paper is interesting,in my view

long-term coffee chart from BreakpointTrades. We managed to nail the top on coffee,using different squares and it has since fallen over 50% !

here is BPT's chart of the softs index, DBA

Ftse setting up a 3rd lower high below the 50 dma  ?

FTSE

Looks to be in a topping pattern

Euro

move down to lower BB,6 months LL ?

Charles Nenner http://www.nbcnews.com/video/cnbc/51574290#51574290

Cable

looking to sell if 1.52 breaks

SPX

It looks like a significant top is in but it is possible some "right shoulder churning" develops before the next drop.1440-60 looks like an obvious target level

The Gann angle sell signal on SPX (this is set to calendar time ie includes spaces for weekends,hols)
Gann wheel target is 1441 (360*) which is 1 pt above 1440 the 61.8% retrace

Dax

a major bear cross is coming but next week could see a small rally to allow more convergence ?

Our Gann emblem dates worked nicely

(taken from  http://www.caseyresearch.com/articles/discerning-value-information )

Coffee

Bullish engulfing candle forming,watch for clear break from the wedge

TSCO

I showed a chart of the Tesco gap-fill a while back.Since then we completed a triple top and have started a fast move down off the 6 month cycle

Silver

http://www.youtube.com/watch?v=7VOWnnEphjI  Jeffrey Sachs lambasts the US banks

2 charts from Ron Walker