http://www.telegraph.co.uk/finance/economics/11202675/Japan-risks-Asian-currency-war-with-fresh-QE-blitz.html

http://www.theguardian.com/business/blog/2014/oct/31/paying-the-price-of-war-britain-makes-good-on-historic-debts

The ponzi goes into overdrive....

http://www.zerohedge.com/news/2014-10-31/markets-explodes-bank-japan-goes-all-er-increases-qqe-jpy-80-trillion

 http://wolfstreet.com/2014/10/31/bank-of-japandemonium-resorts-to-monetary-shamanism-and-all-heck-breaks-loose/

EZJ

We hit 2000 (which certainly surpised me :-)..........this is 3 x 666.7 and its half a circle (180) added to 1820 low,so important resistance  to Gann watchers
Bollinger band pierce and bearish twin towers pattern (hourly chart)

Ftse hit 6488 after hours,which is a 50% retracement. 6480 is 45 x 144,both important Gann numbers

This is the Gann angles chart using trading days (rather than calendar days) Today the 1x1 is at 1990

here is the wave count I was looking at...seems complete and the rising wedge has broken

The European markets are weak this morning .Ftse seems to be backtesting broken wedge

Its possible this wave has ended,although it would be odd before FOMC day. Bears need to see a close below the previous close (horizontal line)

Im not really a waver but this was a count I have been watching. Breaking down out of the wedge should be at least a short term sell,regardless of the wave count
(S&P 2 hr chart)

Unsurprisingly European marketsare weaker. The Cac looks like it already finished C , with a truncated 5th

salutary article on lack of hoped for Chinese consumer spending pickup

http://www.telegraph.co.uk/finance/markets/questor/11187002/Stock-markets-threatened-by-collapse-in-Chinese-consumer-demand.html

Jeff York, PPT @mpgtrader  ·  17h 17 hours ago

Big X2 solar flare today. Stock prices usually reverse within a week or so, per the Atlanta Federal Reserve https://www.frbatlanta.org/-/media/Documents/research/publications/wp/filelegacydocs/wp0305b.pdf …

HYG

HYG looking vulnerable,( not a good omen for stocks)

http://wavepatterntraders.blogspot.co.uk/2014/10/market-report-has-ftse-put-in-major-top.html

Elliott wave analysis of the FTSE from Nouf

some interesting charts featuring megaphone patterns.Thanks to JohhnyGeneric for the link

http://mentalcrumble.com/blog/jaws-of-death25102013

http://www.safehaven.com/article/35573/gold-and-silver-respect-the-trend-but-prepare-for-a-reversal?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29


"The Western banking system, and particularly the Federal Reserve, have finally become a ticking bomb. At this point, you are either cognizant of the suppressed reality of events that have admittedly succeeded since the 1930s, or you should not be reading articles like this one. It is with incredible irony that the ultimate defeat of the West will be at the hands of the once, and still vilified "evil" nations of China and Russia. While they are building economic bridges around the world, fostering growth, the US/UK led West has only debt, financial destruction, and war, including human destruction as playing cards about to be trumped. Sadly, it may still get uglier as the West becomes more dangerously reactive, clearly demonstrating the elites know no other way.
Nothing, absolutely nothing will impel the price of gold and silver higher until the elites have lost total control over their deeply entrenched system. This means the loss in power of the no longer almighty Federal Reserve Note, better known as the "dollar. The never- ending War Against [insert any reason here] by the tenant of the White House, doing the bidding of his landlord, the New World Order banking elites, is ratcheting up as a sign of desperation that the end is near.
When it happens, it will likely be at a fast pace, perhaps faster than most are prepared, except for those already long the physical. Like many, we bought physical on the way up, held it, and added on the way down, some of which are almost half the value, in silver. At no time has there been any rear-view mirror regret. This is but a temporary phase of a seeming decline in value for taking a stance against an out-of-control Western banking system now closer to collapse than ever before."

https://www.youtube.com/watch?v=DtfAD0dqjOo

A formidable German lady lays into Merkel's policy on Ukraine in the German parliament. Good video (subtitled)

I have Dax swing chart resistance (from the 2 hr Chart) at 9189-9210 if the market can break resistance at 9070.Will be interesting to see how we react to European stress test results
I think a decline into the 50-61.8% box follows (7491-7980)

http://peterlbrandt.com/chart-history-gold-market-updated-edition/

QE chart from Permabear Doomster

 http://permabeardoomster.blogspot.co.uk/2014/10/weekend-update-us-weekly-indexes_25.html

Gold

This square is 2 years (720 degrees ) and 1200 points.There was a bullish twin towers pattern at the recent  low but the last two weekly candles have bearish tails. On the daily chart I would watch to see if it can manage a bullish cross on the 20 and 40 day moving averages.Breaking 1200 again would be a problem for bulls

SPX

looks like 5 was a matching wave with 1. My guess is that  this whole wave from 1820 is a B wave,with C down to start soon

Broadening Top ? Thanks to Uempel,a poster at Daneric's for the chart

NYSE

Donchian channel and 200 ma on 60 min chart (Ron Walker)

ABC and D with E to come to complete triangle ?

The Gann angles on this chart are trading days (the one in the previous post is calendar days)

Tomorrow is 90 degrees from the July 19 high.Its also a solar eclipse.I marked in with circles where time and price coincide against the lower 2x1 angle  (approx 1952 )

chart below from Ron Walker. (Red neckline is mine) The 200 ma on  the 60 min chart is at  1952

Bears need to see a decent reversal candle soon....a shooting star or evening star or such like
We reached fibonacci resistance around 1943. Im also watching 1964 (144 points) and 1971,an 8.33% move off the low

also watching the 2x1 on the chart below (which is at 1943 today)

NY Coffee

coffee looked to have made an important top last week.Watching for a gap fill attempt and resumption of the down move

http://armstrongeconomics.com/2014/10/20/us-share-market-3/

Dax

Watching the Dax to see if a triangle is forming

we have just formed an elephant  (or power candle) on the 2 hr chart so it may be a simple ABC after all

These charts are from Breakpoint Trades (see bloglinks)

so far the market has dropped like a stone from our Gann resistance levels and the 2025 day cycle/price alignment that I have been mentioning (2025 is the square of 45)  We had a reversal on Thursday and it is difficult to say how far this might rally (my guess is that 90 points off the low would be enough,which is around 1910,but the key point is that more downside is expected

here are 2 possible scenarios I see for the NYSE

John Hampson with interesting thoughts and charts as usual

http://solarcycles.net/2014/10/19/the-week-ahead/

Terry Smith. Simple (fundamental :-) investing advice

http://www.telegraph.co.uk/finance/personalfinance/investing/11167813/Terry-Smith-How-to-pick-winning-shares-and-why-the-demise-of-Tesco-shares-was-so-obvious.html

Dax

The trendline has not been broken yet but it looks almost certain that gthe top is in for the Dax

Martin Armstrong on the impending bond bubble collapse

http://armstrongeconomics.com/2014/10/18/the-fog-comprehending-the-invisible-hand/

important resistance

Very ugly price action (particularly after the European close)

http://www.telegraph.co.uk/finance/comment/11156084/Douglas-Carswell-truly-grasps-the-root-of-our-malaise.html

2 nice charts from the tradingchannels website

shorter term view of Ftse (my chart)

http://jessescrossroadscafe.blogspot.co.uk/2014/10/china-consumed-2000-tonnes-of-gold-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29

Chinese gold accumulation

https://www.youtube.com/watch?v=cqfJKpwhQC8   Larry Pesavento

NYSE with A/D line by Ron Walker

ARM

Gold

gold needs to regain the lower bull angle,looks vulnerable to more decline

the bearish Gann angles have contained the rally attempts

price reacted off the 90* resistance level (see post last week). We have broken 180* support

Dax

Critical support here

markets lookng very vulnerable.I was expecting the Dax might find more support at 9000 but now suspect 8750 is on the cards.Ftse and Nikkei charts follow

and a Murrey Math chart of the Dax from Crop Circles (posted  at Danerics)

(comments by Crop Circles)
" DAX...trades in the frame from 0-10000. All markets, stocks, mutual funds, stocks, and commodities know they math. The yellow 1/8 and 7/8 horizontal/vertical lines will stall, turn or repel price 75% of the time. The 100% 8/8 line at 10000 turned price back hard and fast. Note the price action at the 50% 4/8 line 9375 as it follows the rules where we should expect the most support/resistance, gaps and drive thru price action for the frame we are set to."

GDX

Huge reversal day,big volume

SPY

Price rejected the 197.4 level. A LH and LL is needed to confirm