This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Saturday, 30 May 2015
S&P
there has been a lot of "struggling"price action to try and overcome the February high. On Tuesday the market broke the bullish rising 2x1 angle when time had squared price by 50% (305 points/153 days). Since then we have had 3 inside days so the direction of the break above or below Tuesday's candle will be significant and a sustained move below the 2x1 should lead to further weakness.I like that the recent top was 3 months from the high. A break above would be bullish,needless to say.
On the weekly chart the previous week was a spinning top with a a bearish black candle with LL this week
Kimble has an interesting chart.....there's that number 7 again
On the weekly chart the previous week was a spinning top with a a bearish black candle with LL this week
Kimble has an interesting chart.....there's that number 7 again
Friday, 29 May 2015
Thursday, 28 May 2015
http://www.zerohedge.com/news/2015-05-27/julian-assange-tpp-deal-isnt-about-trade-its-about-corporate-control
"The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries. Who will benefit from the TPP? American workers? Consumers? Small businesses? Taxpayers? Or the biggest multinational corporations in the world?
One strong hint is buried in the fine print of the closely guarded draft. The provision, an increasingly common feature of trade agreements, is called “Investor-State Dispute Settlement,” or ISDS. The name may sound mild, but don’t be fooled. Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favor of big multinational corporations. Worse, it would undermine U.S. sovereignty.
ISDS would allow foreign companies to challenge U.S. laws – and potentially to pick up huge payouts from taxpayers – without ever stepping foot in a U.S. court. Here’s how it would work. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions – and even billions – of dollars in damages."
"The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries. Who will benefit from the TPP? American workers? Consumers? Small businesses? Taxpayers? Or the biggest multinational corporations in the world?
One strong hint is buried in the fine print of the closely guarded draft. The provision, an increasingly common feature of trade agreements, is called “Investor-State Dispute Settlement,” or ISDS. The name may sound mild, but don’t be fooled. Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favor of big multinational corporations. Worse, it would undermine U.S. sovereignty.
ISDS would allow foreign companies to challenge U.S. laws – and potentially to pick up huge payouts from taxpayers – without ever stepping foot in a U.S. court. Here’s how it would work. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions – and even billions – of dollars in damages."
Tuesday, 26 May 2015
Monday, 25 May 2015
Sunday, 24 May 2015
http://www.safehaven.com/article/37748/paying-for-the-past-insight-from-lindsey-fisher-and-greenspan
Greenspan: "We're way underestimating our debt, as of now, largely because we are not including contingent liabilities... What is the probability, in today's environment, that JPMorgan would be allowed to default? The answer is zero or less. Now that means that that whole balance sheet is a contingent liability. To be sure, that while it's contingent there's not interest payments. But ultimately that overhangs the structure, because we in so many different ways have guaranteed this, that and the other thing. It's not only Fannie and Freddie, but it's a whole series of financial institutions. And, regrettably, it's also non-financial institutions. I was very much concerned when we started to guarantee everyone as being too big to fail. But at least it was in the financial area. As soon as we moved over into General Motors and various other non-financial organizations, I said what is the contingent liability of the United States... What the three of us are talking about, the path we are currently on is not going to be easily resolved. It's going to be very difficult... The sooner we get to it the better. But I see no evidence that we're moving in that direction."
Greenspan: "We're way underestimating our debt, as of now, largely because we are not including contingent liabilities... What is the probability, in today's environment, that JPMorgan would be allowed to default? The answer is zero or less. Now that means that that whole balance sheet is a contingent liability. To be sure, that while it's contingent there's not interest payments. But ultimately that overhangs the structure, because we in so many different ways have guaranteed this, that and the other thing. It's not only Fannie and Freddie, but it's a whole series of financial institutions. And, regrettably, it's also non-financial institutions. I was very much concerned when we started to guarantee everyone as being too big to fail. But at least it was in the financial area. As soon as we moved over into General Motors and various other non-financial organizations, I said what is the contingent liability of the United States... What the three of us are talking about, the path we are currently on is not going to be easily resolved. It's going to be very difficult... The sooner we get to it the better. But I see no evidence that we're moving in that direction."
http://www.zerohedge.com/news/2015-05-23/secret-pentagon-report-reveals-us-created-isis-tool-overthrow-syrias-president-assad
"And while speculation was rife that just like the CIA-funded al Qaeda had been used as a facade by the US to achieve its own geopolitical and national interests over the past two decades, so ISIS was nothing more than al Qaeda 2.0, there was no actual evidence of just this.
"And while speculation was rife that just like the CIA-funded al Qaeda had been used as a facade by the US to achieve its own geopolitical and national interests over the past two decades, so ISIS was nothing more than al Qaeda 2.0, there was no actual evidence of just this.
That may all have changed now
when a declassified secret US government document obtained by the public
interest law firm, Judicial Watch, shows that Western governments deliberately allied with al-Qaeda and other Islamist extremist groups to topple Syrian dictator Bashir al-Assad.
According to investigative reporter Nafeez
Ahmed in Medium, the "leaked document reveals that in coordination with
the Gulf states and Turkey, the West intentionally sponsored violent
Islamist groups to destabilize Assad, despite anticipating that doing so
could lead to the emergence of an ‘Islamic State’ in Iraq and Syria
(ISIS)."
" The revelations contradict the official line of Western government on their policies in Syria, and raise disturbing questions about secret Western support for violent extremists abroad, while using the burgeoning threat of terror to justify excessive mass surveillance and crackdowns on civil liberties at home......
" The revelations contradict the official line of Western government on their policies in Syria, and raise disturbing questions about secret Western support for violent extremists abroad, while using the burgeoning threat of terror to justify excessive mass surveillance and crackdowns on civil liberties at home......
In the wake of the rise of ISIS, intrusive
new measures to combat extremism including mass surveillance, the
Orwellian ‘prevent duty’ and even plans to enable government censorship
of broadcasters, are being pursued on both sides of the Atlantic, much
of which disproportionately targets activists, journalists and ethnic
minorities, especially Muslims.
Yet the new Pentagon report reveals that, contrary to Western government claims,
the primary cause of the threat comes from their own deeply misguided
policies of secretly sponsoring Islamist terrorism for dubious
geopolitical purposes."
Friday, 22 May 2015
The s&p is 7 years from a major high and 7 months from an important low
arguably 7 week rally too although the actual low was 9 weeks ago. I imagine
this applies to most other indices but havent checked
The conclusion is that any reversal this week or early next week might be significant
Gold had a confluence of "7" cycles at its high,as posted here on this blog at the time
arguably 7 week rally too although the actual low was 9 weeks ago. I imagine
this applies to most other indices but havent checked
The conclusion is that any reversal this week or early next week might be significant
Gold had a confluence of "7" cycles at its high,as posted here on this blog at the time
Wednesday, 20 May 2015
Tuesday, 19 May 2015
Who really controls the world ? (article written in 2011)
http://www.mujahidkamran.com/articles.php?id=28
http://www.mujahidkamran.com/articles.php?id=28
"In his book Big
Oil and Their Bankers in the Persian Gulf: Four Horsemen, Eight
Families and Their Global Intelligence, Narcotics and Terror
Network, Dean Henderson states: "My queries to bank regulatory agencies regarding stock ownership
in the top 25 US bank holding companies were given Freedom of
Information Act status, before being denied on ‘national security'
grounds. This is ironic since many of the bank's stockholders
reside in Europe." This is, on the face of it, quite astonishing
but it goes to show the US government works not for the people but
for the Elite. It also shows that secrecy is paramount in Elite
affairs. No media outlet will raise this issue because the Elite owns
the media. Secrecy is essential for Elite control – if the world
finds out the truth about the wealth, thought, ideology and
activities of the Elite there would be a worldwide revolt against
it. Henderson further states:
The
Four Horsemen of Banking (Bank of America, JP Morgan Chase,
Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon
Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem
with other European and old money behemoths. But their monopoly
over the global economy does not end at the edge of the oil patch.
According to company 10K filings to the SEC, the Four Horsemen of
Banking are among the top ten stockholders of virtually every Fortune
500 corporation.
It
is well known that in 2009, of the top 100 largest economic
entities of the world, 44 were corporations. The wealth of these
families, which are among the top 10% shareholders in each of
these, is far in excess of national economies. In fact, total
global GDP is around 70 trillion dollars. The Rothschild family
wealth alone is estimated to be in the trillions of dollars. So is the
case with the Rockefellers who were helped and provided money all
along by the Rothschilds. The US has an annual GDP in the range of
14-15 trillion dollars. This pales into insignificance before the
wealth of these trillionaires. With the US government and most
European countries in debt to the Elite, there should be absolutely
no doubt as to who owns the world and who controls it. To quote
Eustace Mullins from his book The World Order:
The
Rothschilds rule the US through their Foundations, the Council on
Foreign Relations, and the Federal Reserve System with no serious
challenges to their power. Expensive ‘political campaigns' are
routinely conducted, with carefully screened candidates who are
pledged to the program of the World Order. Should they deviate from
the program, they would have an ‘accident', be framed on a sex
charge, or indicted in some financial irregularity."
Sunday, 17 May 2015
Saturday, 16 May 2015
Friday, 15 May 2015
Thursday, 14 May 2015
Wednesday, 13 May 2015
Tuesday, 12 May 2015
Monday, 11 May 2015
http://www.maxkeiser.com/2015/05/russell-brand-and-the-currency-of-revolution/
"In the existing financial system, money
creation is monopolized by central banks printing money under the
supervision of ‘professional’ economists. Professor of journalism David
S. Allen (2005) explains how science has become a methodology that backs
up professional legitimacy. Expert knowledge and professionalism rely
heavily on the so-called creed of objectivity. This creed is the
dominant logic based in a positivist and empiricist epistemology
accepted by scientists and experts in many fields. It claims
impartiality for researchers, as if they are free from their own agendas
and biases, when in reality, as one of founders of sociology Max Weber
pointed out, value-free objectivity of researchers is simply impossible.
Under this pretense of objectivity, elite
subjective bias and interests bypass democratic consensus and are
encoded right into monetary policy. This is a pseudoscience of economics
that closes the system off from feedback and till now helped it escape
critical examination. It creates math that is divorced from the reality
of people’s needs and is used to enact the current Ponzi pyramid scheme
of wealth redistribution from the bottom to the top. Digital numbers on
computers can become abstractions that tend to divert the flow of real
work or stagnate real economic activity. This manipulated ledger
deprives the power of ordinary people to work creatively with numbers
that represent their true value. These numbers have become weapons of
mass deception to enslave people through debt, usury and devaluation
through quantitative easing."
Sunday, 10 May 2015
http://hitchensblog.mailonsunday.co.uk/cameron-david/
"I never for a moment imagined that Big Money and Big Lies could so successfully scare, cajole and diddle the electorate of this country. I grew up in a Britain both better-educated and more honest than the one we have today. Perhaps that is why I could not see this possibility. I have not seen, in my lifetime, a campaign so dishonest, so crude, so based in fear and so redolent of third-world and banana republic political tactics."
"But I must now admit that the people of this country actually seem to prefer to live the same experience over and over again, and seem astonishingly ready to believe the crudest propaganda. I seethe with frustrated amazement at the Tory claim to have fixed the economy, so blazingly untrue that in commercial advertising it would get them into serious trouble with the authorities."
"I never for a moment imagined that Big Money and Big Lies could so successfully scare, cajole and diddle the electorate of this country. I grew up in a Britain both better-educated and more honest than the one we have today. Perhaps that is why I could not see this possibility. I have not seen, in my lifetime, a campaign so dishonest, so crude, so based in fear and so redolent of third-world and banana republic political tactics."
"But I must now admit that the people of this country actually seem to prefer to live the same experience over and over again, and seem astonishingly ready to believe the crudest propaganda. I seethe with frustrated amazement at the Tory claim to have fixed the economy, so blazingly untrue that in commercial advertising it would get them into serious trouble with the authorities."
The Dax might have bottomed last week,Friday's candle was very strong and so was the weekly,but for now I am watching this channel and the 250 ma and still inclined to go with May seasonality if there is no followthrough
daily ichimoku :
I posted this on a message board last week though not here
"Dax daily candle still bearish some signs of support coming in on intraday. Daily chart has retraced 38% of major range
(5 period rsi)"
According to a February 2014 study by the McKinsey Global Institute,
“Debt and (Not Much) Deleveraging,” total global debt is up 40% since
2007 to $199 trillion. As a percentage of GDP, “debt is now higher in
most nations than it was before the crisis” of 2008/2009. On average
globally, it is 286% now vs. 269% in 2007.
Despite the economic rebound since 2009, McKinsey found that the debt
of households, corporations and especially governments continues to
rise. “Governments in advanced economies have borrowed heavily to fund
bailouts in the crisis and offset demand in the recession.”
source EWI
“Debt and (Not Much) Deleveraging,” total global debt is up 40% since
2007 to $199 trillion. As a percentage of GDP, “debt is now higher in
most nations than it was before the crisis” of 2008/2009. On average
globally, it is 286% now vs. 269% in 2007.
Despite the economic rebound since 2009, McKinsey found that the debt
of households, corporations and especially governments continues to
rise. “Governments in advanced economies have borrowed heavily to fund
bailouts in the crisis and offset demand in the recession.”
source EWI
Friday, 8 May 2015
Wednesday, 6 May 2015
Tuesday, 5 May 2015
from Jesse's Cafe Americain
http://jessescrossroadscafe.blogspot.co.uk/2015/05/power-essence-of-banking-is-to-grow-and.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
"Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.
These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.
The only element of production they are concerned with is the one they can control: capital."
Professor Carroll Quigley, Oscar Iden Lecture Series 3, 1976
http://jessescrossroadscafe.blogspot.co.uk/2015/05/power-essence-of-banking-is-to-grow-and.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
"Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.
These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.
The only element of production they are concerned with is the one they can control: capital."
Professor Carroll Quigley, Oscar Iden Lecture Series 3, 1976