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

Wednesday 31 December 2014

FB Sell signal ?

Looks like a nice TAS. Im a little cautious of reading too much into price movements over the holiday period though

"Why is it that virtually all "reputable" scholars and mass media columnists and commentators reject the cause and effect or conspiratorial theory of history?  Primarily, most scholars follow the crowd in the academic world just as most women follow fashions. To buck the tide means social and professional ostracism. The same is true of the mass media. While professors and pontificators profess to be tolerant and broadminded, in practice it's strictly a one way street-with all traffic flowing left. A Maoist can be tolerated by Liberals of Ivory Towerland or by the Establishment's media pundits, but to be a conservative, and a conservative who propounds a conspiratorial view, is absolutely verboten. Better you should be a drunk at a national WCTU convention!
Secondly, these people have over the years acquired a strong vested emotional interest in their own errors. Their intellects and egos are totally committed to the accidental theory. Most people are highly reluctant to admit that they have been conned or have shown poor judgment. To inspect the evidence of the existence of a conspiracy guiding our political destiny from behind the scenes would force many of these people to repudiate a lifetime of accumulated opinions. It takes a person with strong character indeed to face the facts and admit he has been wrong even if it was because he was uninformed. Such was the case with the author of this book. It was only because he set out to prove the conservative anti-Communists wrong that he happened to end up writing this book. His initial reaction to the conservative point of view was one of suspicion and hostility; and it was only after many months of intensive research that he had to admit that he had been "conned."
Politicians and "intellectuals" are attracted to the concept that events are propelled by some mysterious tide of history or happen by accident. By this reasoning they hope to escape the blame when things go wrong.
Most intellectuals, pseudo and otherwise, deal with the conspiratorial theory of history simply by ignoring it. They never attempt to refute the evidence. It can't be refuted. If and when the silent treatment doesn't work, these "objective" scholars and mass media opinion molders resort to personal attacks, ridicule and satire. The personal attacks tend to divert attention from the facts which an author or speaker is trying to expose. The idea is to force the person exposing the conspiracy to stop the exposure and spend his time and effort defending himself."

from "None dare call it Conspiracy" Gary Allen


Dax using same settings. 4 period moving average was broken

Tuesday 30 December 2014


Karen Hudes talks about the dollar losing its reserve status and what the gold market is telling us
Jim Rickards...............2024 ? a grim view



Square of 360

Monday 29 December 2014



"China recently announced that it will cease to increase its gold and currency reserves denominated in US dollars. Considering the growing trade deficit between the US and China (the current difference is five times in favor of China), then this statement translated from the financial language reads: “China stops selling their goods for dollars”. The world’s media chose not to notice this grandest in the recent monetary history event . The issue is not that China literally refuses to sell its goods for US dollars. China, of course, will continue to accept US dollars as an intermediate means of payment for its goods. But, having taken dollars, China will immediately get rid of them and replace with something else in the structure of its gold and currency reserves. Otherwise the statement made by the monetary authorities of China loses its meaning: “We are stopping the increase of our gold and currency reserves, denominated in US dollars.” That is, China will no longer buy United States Treasury bonds for dollars earned from trade with any countries, as they did this before."

It's amusing to witness nearly every bobble head in the financial media extolling the virtues of this current collapse in oil prices. WTI crude oil peaked at $147 per barrel in the summer of 2008; and then the stock market and economy spiraled into freefall shortly thereafter. Would it have been prudent for market strategist to claim that the plunge in oil and home prices in 2008 was a harbinger for a robust consumer to appear in short order? Were these same market gurus warning investors of a collapse in consumer spending when oil prices soared from $33 per barrel in the spring of 2009, to over $100 per barrel in July of this year?

Friday 26 December 2014

“Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear.” - Harry S. Truman

On February 17, 1950, James Paul Warburg confidently declared to the United States Senate: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.
thanks to Wile for this link,a fascinating video by Jim Marrs

chart by Ron Walker (with some annotations)


Tuesday 23 December 2014

good interview with Jim Mellon
Wow,Honda is cheap....

7 years ago the Dax started a rapid decline in January. Here is a possible target if this is a blowoff

Monday 22 December 2014

A good video,though overly pessimistic I believe (and hope)

Ron Paul

http://www.safehaven.com/article/36191/janet-yellens-christmas-gift-to-wall-street   Ron Paul....straight talk on economics

"What gets lost in all the reporting about stock market numbers, unemployment rate figures, and other economic data is the understanding that real wealth results from production of real goods, not from the creation of money out of thin air. The Fed can rig the numbers for a while by turning the monetary spigot on full blast, but the reality is that this is only papering over severe economic problems. Six years after the crisis of 2008, the economy still has not fully recovered, and in many respects is not much better than it was at the turn of the century."
chart from Ron Walker

Sunday 21 December 2014




" Mass media deception is a perpetual function of the armaments industry as it uses the avenues of print, electronic television and radio to sell the homicidal lies of the arms merchants who wanted to lay waste to Syria as part of the NATO/U.S. imperialist capitalist destruction of this land with Tomahawk missiles. A study of the mass media on http://public-accountability.org/ reveals that MSNBC, Fox, PBS and CNN television anchors interviewing former Bush national security advisor Stephen Hadley, who made various arguments in favor of a U.S./NATO military attack  against Syria, failed to mention that he is a director of Raytheon which manufactures the Tomahawk missile. Raytheon paid Hadley $128,500 in compensation last year, and he is owner of 11,477 shares of stock in this armaments company, worth $900,000. Out of the four times Hadley’s arguments for U.S. military violence against Syria were featured in mainstream media, including three televised interviews—on Bloomberg TV, Fox News and CNN and once in a Washington Post opinion editorial, media anchor or editorial personnel responsible for identifying a guest experts’ official title only mentioned his position as former national security advisor and nothing about his war profiteering affiliation with Raytheon."

Saturday 20 December 2014



chart from Chris Kimble


the break from the trading range should lead to a big move.The monthly chart looks bullish,the weekly less so


Triple bottom (with false break) and volume suggestive of accumulation.Oversold rally coming....or is this THE bottom ?


Friday 19 December 2014

Dax pushing against Gann resistance


Wednesday 17 December 2014

Aud 180 degs(6 months)/ 1440 pts ?
6 mnths up/6 mnths down ?


Monday 15 December 2014

Max Keiser has a very different view on the Russian "crisis" to MSM propaganda.Very interesting
The western elite afraid of true globalisation ?


"The Israeli occupation and the defense budget, the defense budget and the Israeli occupation. These two giant elephants, that decide the state’s fate in nearly every sphere, are off limits. They are outside the real public debate, they are not even on the agenda. They were long ago declared a closed military zone, a firing range in which trespassing is forbidden. No serious politician talks about them, no one dares. Heaven forfend."

watching to see if this current leg down forms a reversal and 3rd higher low. Gold must hold the horizontal support or we risk further downside or ranging

Another look at the S&P with 2 mvg aves,calendar time and daily ranges boxed into weeks
The mid-point of last week's range should be important resistance if we rally on Monday/Tuesday

Sunday 14 December 2014




Good weekly update from Sqwii



Ftse All-Share

The UK bull market looks well and truly over to me. Obviously that is a dangerous view in a world of never-ending money-printing....



Major Gann support levels and Murrey Math (red line) between 49 and 54.Time cycle support 2-3 weeks ?


Saturday 13 December 2014

this would go against normal Christmas seasonality but it looks to me we should be expecting at least 3 weeks down



Price closed below the previous high,a bearish sign

the market turned after the intersection of the 2x1 with the 1x1 angles,as on the previous 2 occasions,we also had a fast 7 week move off the October low,Gann's termination cycle

here is the 49 (square of 7) day ,256 (square of 16) point Square I mentioned last week

Friday 12 December 2014


Dax 4 hr

Ftse weekly...nasty candle

Tuesday 9 December 2014

Monday 8 December 2014


TAS stands for trading against a spike,its a reversal pattern developed by Bill McLaren
after a countertrend reaction the failure of the market to regain the trend (with a new high (or low) following a move that lasts at least twice as long as the c/t move is regarded as a sign of weakness and you trade off the next signal that the impulse is failing
my only observation is that you have to watch out for triangles...


I noticed that the 180 month cycle from the 2000 high kicks in next March.Also there is symmetry (almost) fro the October 2007 high.Doubling that high gives resistance around 4500,so an awful lot of Gann numbers in play :-)


Sunday 7 December 2014


First they tortured a U.S. citizen and gang member
I remained silent;
I wasn’t a criminal
Then they tortured a U.S. citizen, whistleblower and navy veteran
I remained silent;
I wasn’t a whistleblower
Then they locked up an attorney for representing accused criminals …
I remained silent;
I wasn’t a defense attorney.........

and on


on the last 2 occasions the cross of the 2x1 and 1x1 lines was followed by a drop


Breakout or fakeout ?


Either this is breaking out (see weekly and monthly candles) or we are completing a triangle at 2x the base at 2.00


note chart is dated Dec 2

(thanks to New Horizons for link)