It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday 31 May 2013


Range divisions of 1/8
https://twitter.com/mpgtrader/status/340448954577735681/photo/1    Gld Pivots



I have marked in the 6 month and 3 month cycles,which have yielded quite good time pivots
Backtesting the broken 25 level ?


Last week's candle was a bearish dark cloud cover.Now we have a LL and have broken Ganns 14400 level Obviously my C could be a 3 but this is how I'm counting it for the time being

Thursday 30 May 2013


another look at the CAC,with the 50% level added. Clearly around 4050 is a big level and with 360* time resistance approaching a reversal seems probable

 Y = 1.618 x W at 4114 so Gann res 4041,Elliot res 4114


There is a double top on the hourly chart and we have 5 waves down from the 2nd high. We topped pretty well at 50% off the low (Sep 2011, 2694), 4041

Close to to time/price symmetry on these 2 ranges (daily chart) 4000 is the "rounded off" resistance level.  May need one more high on the daily swing chart ?

Line chart 3 drives ,expanding pattern ??


Wednesday 29 May 2013


this is one of Sqwii's stocks,China play

Tuesday 28 May 2013

$INDU $DJIA double top at the monthly & yearly R3 pivot point. That usually is a strong sell signal. Next 14850 gap? http://t.co/aARouUJXOU
by @mpgtrader 6 minutes ago via Twitter 

regained 14400. Looking for break of 14400 and ema's to trigger sell signal


This looks very bearish - bear flag below neckline  (copper miner)

I posted this back in March. It was a good call on lumber but not so hot as far as stockmarket correlation goes  :-)

edit :  Coincidentally,  Kimble just posted this on lumber 



the bearish shooting star takes the steam out of the bull case for now.We had a warning last week from the daily shooting star


we broke above the 3 tops from Jan,Feb and March,which is bullish. Nice Gann relationships from the low at 10,with a low 25% up and now pausing at 50%


This is a retrospective look at HL ie I wasn't  looking at it at the time. I had been bearish the last time I looked a year or so ago  and clearly the stock has done well.I wanted to look at the candles and see what signals it gave. The "elephant bar" concept comes from Oliver Velez and refers to a large candle that suggests heavy institutional buying or selling and is used to enter with a stop below the low of the candle (or above the high)
 We have hit 10 (psychological profit take level) and formed a bearish engulfing candle so watch for a pullback toward the 20 ?

HL is a financial intermediary in the UK that sells funds and ISA's to individual investors


http://smartmoneytracker.blogspot.co.uk/2013/05/stock-bubble-wait-for-it-to-pop.html   Gary Savage

Monday 27 May 2013



this chart is from SoulJester,the link to it is on his blog


As ever my wave counts come with a health warning (but whose don't:-) My C of Y might be a 3rd wave (with 4 and 5 still to come)
What is interesting is 2.618 times the low (14378) being close to Gann's 14400. And 6 years high to high.Chart will look more "toppy" if we start to see confirmed move below 14400


  • Half of America owns only 2.5% of country’s wealth. The top 1% owns a third of it.
  • The gap between the top 0.01% and everyone else hasn’t been this bad since the Roaring Twenties.
  • In 1950, the ratio of the average executive’s paycheque to the average worker’s paycheque was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
  • In 2008, the total national household debt in Canada has reached an all-time high of $1.3 trillion. A survey found that 42% of respondents said their personal debt was rising in the past three years, and 21%said they couldn’t manage their debt.
  • 61% of Americans “always or usually” live paycheck to paycheck, which was up from 49% in 2008 and 43% in 2007. The numbers are similar in Canada.
  • A staggering 43% of Americans have less than $10,000 saved up for retirement.
  • In America today, the average time needed to find a job has risen to a record 35.2 weeks.
  • In 2008, the World Economic Forum rated Canada’s banking system No. 1 in the world. The U.S. came in right behind — Namibia.
  • It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars in 2010. How much is that? If you went out and spent one dollar every single second, it would take you more than 31,000 years to spend a trillion dollars.
  • In February 2010, there were 5.5 unemployed Americans for every job opening.
  • In California’s Central Valley, 1 out of every 16 homes is in some phase of foreclosure.
  • U.S. banks repossessed nearly 258,000 homes nationwide in the first quarter of 2010, a 35% jump from the first quarter of 2009.
  • In May 2009, the number of Canadians getting regular employment insurance benefits in reached 778,700, the highest level on comparable records going back 12 years. During the month, the number of people getting EI benefits grew by 9.2%, from April.
  • More than 24% of all homes with mortgages in the United States were underwater (the mortgage is more than the current market value of the home) as of the end of 2009.
  • This recession has erased 8 million private sector jobs in the United States.
  • 39.68 million Americans are now on food stamps, which represents a new all-time record. But things look like they are going to get even worse. The U.S. Department of Agriculture is forecastingthat enrollment in the food stamp program will exceed 43 million Americans in 2011.
  • If you only make the minimum payment each and every time, a $6,000 credit card bill can end up costing you over $30,000 (depending on the interest rate).
  • Approximately 21% of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
  • In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined.
  • In 2009, U.S. banks posted their sharpest decline in private lending since 1942.
  • During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.
  • As of February 2009, there were 111,500 employees working in motor vehicle assembly and parts, down 37% from its peak in 2001, according to a Stats Canada report.
  • According to a Pew Research Center study, approximately 37% of all Americans between the ages of 18 and 29 have either been unemployed or underemployed at some point during the recession.
  • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

Sunday 26 May 2013

here are monthly Gann angles for the Dow. Scale 100 so for example 2x1 is 200 points per month

looks to me like the 1x1's formed a nice channel and we just had an overthrow.The 4x1 has provided nice support for this rally
 the May 2011 high was 12876. The 1x1 from there (100 points per month) was at 15276 this month, 24 months later

this is the cash chart and looks a bit cleaner than the futures charts I posted earlier. The rectangles are equal ie measured move time/price
http://www.youtube.com/watch?v=yaB0TOAS2wI&feature=youtu.be    David Stockman
very interesting interview with Jim Rickards,currency war,gold,China etc


I think we are in C of Y but my labelling of C is probably wrong ?  This week is 90 weeks cycle from the high.

Saturday 25 May 2013


if this chart is driving things best guess is that the trend is still looking strong (so risk off may not persist) We got a high 6 months off the November low and stocks have followed suit but the 40 dma and angle support look strong at the moment

(I know some say audjpy is the real chart to watch for risk)


a look at the candles (Ron Walker)

charts from Ron Walker



Ftse weekly shooting star reversal

we got a decent weekly reversal candle on the FTSE,but not on the Dax

huge shooting star candle yesterday,looks like a decent reversal confirmed  for HSBC. I have boxed in the square from the July 2012 low,maybe we decline into late July cycle ?

Friday 24 May 2013

I've no idea whether my wave count posted earlier this week for IEV was correct but we seem to have a weekly sell signal in place now


HSBC gapped down below 75

I mentioned the importance of this level a week or two ago


FB has broken 25 and is below the 1x1 from zero,which is not a positive sign

negative macd histogram bar

an interesting view on Abenomics


and an article by Peter Tasker



Thursday 23 May 2013

this was almost 600 points/600 days

http://www.moneynews.com/Markets/Rogers-yen-Abe-Japan/2013/05/22/id/505814   Rogers echoing his old partner,George Soros on yen warning


bulls will want to see the 3x1 (red line) and the 2x1 hold

note 1680 was 144 points from the 1536 low
         1666 was 1000 points from 666 low (250% )