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

Tuesday 9 September 2014


I would be inclined to buy coffee if we form a reversal pattern around 180-185....any upmove from there would be a 4th attempt at the highs and longer term moving aves are bullish

for now we must respect the triple top. 185 is the 50% retracement support (green line)


  1. Hi,
    what could be the next move after today's 6% down,we've already reached your price target (180-185)
    best regards Witold

  2. today was a bearish power candle so I wouldn't be trying to pick a bottom.Would trail a stop if short above todays high and wait for a reversal candle before considering any longs
    Will try and update the chart tomorrow

  3. Hi,
    today's bullish price action is supporting possibility of trying to pick a bottom

    1. today was just an inside day,(harami) Best to watch the 50-61.8% retracement "box" and wait for it to reverse out of it
      Wednesdays candle has turned me more bearish although we might bounce first

  4. chart :http://www.screencast.com/users/domaran

  5. Thanks. I think it wants to rest your blue line. We'll see