Range divisions of 1/8
Friday, 31 May 2013
FB
I have marked in the 6 month and 3 month cycles,which have yielded quite good time pivots
Backtesting the broken 25 level ?
Backtesting the broken 25 level ?
Ftse250
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
CAC
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 ??
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 ?
Wednesday, 29 May 2013
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
Beans
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
BRBY
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%
HL
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
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
Monday, 27 May 2013
Ftse250
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
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
http://www.munknee.com/2013/05/meltdown-the-men-who-crashed-the-world-a-4-part-video-from-doczone/
- 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
Gold
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
UsdJpy
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)
(I know some say audjpy is the real chart to watch for risk)
Ftse weekly shooting star reversal
we got a decent weekly reversal candle on the FTSE,but not on the Dax
Friday, 24 May 2013
Thursday, 23 May 2013
Spx
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% )
note 1680 was 144 points from the 1536 low
1666 was 1000 points from 666 low (250% )
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