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

Thursday 24 July 2014

thanks to Souljester for posting this


  1. You are welcome. I have had intermediate term sell singals the past few days. Today's close gave a short term signal as well. So, I would expect that the move down into either the mid Sept (bullish) or the Mid. Nov (prolly not bullish) cycle lows is upon us.

    Here is the wave count I am following:


    Elliott wave is the most powerful tool, imho ;-) The top here looks like the top at red 1 and 5 and now we got the signal. Break a daily low should be the next confirmation.

    Appreciate your work, charts, and blog CR.

  2. Thanks SJ and thanks for the chart. I thought you hated EW ? (Reject the theory :-)