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

Monday 31 March 2014

https://www.youtube.com/watch?v=JcwnbQzNz9Q#t=1287       Karen Hudes

http://aangirfan.blogspot.nl/2014/03/no-american-is-safe.html?m=1  link from Tony Gosling


doesn't want to lie down



Sunday 30 March 2014

Ron Walker's chart....I added a line at 3600,looks bearish but we are very oversold?  Gap at 3500 to fill ?


this setup is still in play

interesting post from Gary Savage


"Not only are these guys have the banking cartel manufactured a very lucrative short trade, they have damaged the physical market enough that we will likely see a huge move from $1050 back to $1800-$2000 over a 4-6 month period once the manipulation is removed at the yearly cycle low.
I think over the next three months J.P. Morgan, HSBC, and Goldman Sachs are going to stretch the rubber band so tight in the metals market that when they finally release it it’s going to generate a surge comparable to what we just witnessed in the coffee market. Unlike the coffee market though, the metals market is big enough that these players can take large positions and make serious money off of that move."


IF it were to top here we would have a double top on a 3 month cycle. Of course the cycle could be a low but to my eye at least there are more bearish candles than bullish in that triangle
 (in actual fact there is only one decent sized  white candle in the whole pattern)

Saturday 29 March 2014


maybe there is still some hope for the UK press  :-)


daily reversal bars,Gann angles. Last big reversal bar was a sell bar the day after  the Spring Equinox


this swing indicator is still on sell


looking for break of ma's and 1x4 support line

The S&P has 3 topping tail candles and has already broken below the moving averages


Speaking before Congress, Bernanke said the collapse of Lehman was his biggest mistake. I suggest it was his only success. Over-leveraged financial institutions should pay the price for their folly, not overburdened taxpayers in general.

The poor bailed out the wealthy. The poor continue to pay the price in two ways.

  1. Excessively low interest rates on deposits
  2. Fed actions to drive up inflation when real wages do not keep up

Not only is that unnecessary, it's middle-class destructive. It's also conveniently disguised theft.
Read more at http://globaleconomicanalysis.blogspot.com/2014/03/reader-question-on-banking-system.html#hGjbLRQ1djpYfrK1.99

Friday 28 March 2014


Gold enetering the 50-61.8% retracement zone



The purple and green geometric trendlines have defined a nice wedge which will have to break soon.The 50% midpoint line is acting as resistance


The Dax has regained the broken trendline and looks like its retesting 9600. We had tops 3 and 4 months ago at eom

Thursday 27 March 2014

I butchered one of Ron Walker's charts ...lol

seeing nice follow through from yesterday's engulfing candle,broken below 1848 level on my "144" chart....expecting  a decent move down


If the Ftse cannot regain the 10 and 20 week moving averages soon it could be in trouble


Was that the high ?  This is the chart I first posted a few months ago. Resistance at 62 reached and reversal


Bingo ! 

(chart first posted at the weekend)


A break of the 1x2 should trigger a fast decline off the 3 rd lower high

Wednesday 26 March 2014


....a doji candle with the high just under the 3/8 line and the angle intersect....perfect 


back below the cloud (Ron Walker's ichimoku chart)

Next I would like to see 1848 broken. I added 1872 line to the chart as it is 13 x 144


I showed the intraday chart earlier and we closed very weak with a bearish engulfing candle.A sharp break of the 10 dma should confirm a lower high in place

this is the hourly DIA. I mentioned before that 16429 was the mean of 2 Gann resistance levels on the Dow and we now have a 3rd rejection

another angle on TWTR,measured vectors


Holding above the 50% is bullish although its  not a confirmed low yet

The Dax has taken out the 61.8% retracement of the recent decline this morning.(this chart is from yesterday's close) Bears should have exited on this break or earlier off yesterdays bullish twin towers pattern I can still see bearish potential off our original 60 month cycle and will be watching the 68.6 and the 5/8 MM level.Nevertheless bears need to be aware of the ECB stimulus issue raised in yesterday's Telegraph article I posted

Tuesday 25 March 2014

Dr Paul Craig Roberts on Ukraine

http://www.trade-forex-harmonic-patterns.com/     Harmonics site.Thanks to Richard for this link


possible reversal zone for TWTR ?

something for bears to watch out  for

now we have a bearish twin towers pattern on the hourly,an important sell signal against the hourly
could be right shoulder of head and shoulder pattern

Monday 24 March 2014

breaking out of bullish wedge ?


seems well established now below the 200 dma


Weekly Ftse chart

Ftse looks like the Nikkei with a time lag....its also a huge bearish TAS pattern


Has continued to move lower,nasty breakaway gap



bearish twin towers pattern


Sunday 23 March 2014



Mr Gann's 50% retracement worked on the way up,why should it not work on the way down ?

Big Brother


"[…] After the dissolution of bipolarity on the planet, we no longer have stability. Key international institutions are not getting any stronger; on the contrary, in many cases, they are sadly degrading. Our western partners, led by the United States of America, prefer not to be guided by international law in their practical policies, but by the rule of the gun. They have come to believe in their exclusivity and exceptionalism, that they can decide the destinies of the world, that only they can ever be right. They act as they please: here and there, they use force against sovereign states, building coalitions based on the principle “If you are not with us, you are against us.” To make this aggression look legitimate, they force the necessary resolutions from international organisations, and if for some reason this does not work, they simply ignore the UN Security Council and the UN overall."     
           (from Putin address)
Nice charts by ZigZag


I guess the market likes 144 point ranges

June Ftse with some MM lines and Gann angles. Tuesday's candle was a bearish shooting star

The above chart looks pretty bearish to me but the chart below shows channel support nearby and oversold indicators so perhaps bears should not get carried away

Saturday 22 March 2014


Held for 3 weeks at the 9/8 level,nice bear setup for next week



(the Dax also had an inverted hammer candle on Friday)

on the weekly chart we backtested this trendline and are below the 10 and 20 wma


a nice inverted hammer/shooting star lower top for the Spring Equinox  ?