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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
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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

Sunday, 6 September 2015

FTSE

I looked at some Gann emblem cycles for a "best guess" roadmap of what might happen next in the Ftse.We ran up 6 months from October to April so 6 months down would have a nice symmetry,for the seasonal      October low but perhaps with another low first sometime before the equinox (maybe around the Shemitah date on   13th ?). The markets is still oversold so we could have a C up next but Friday's high would be a      stop level to protect against that eventuality.                                                                                                                     
                                                                                                                                                  
           

measured moves project to around to 5760-5800 :-






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4 comments:

  1. Unknown6 September 2015 at 12:31

    Nice charts as always. Have any opinion on what the US Dollar may do? After the Fed announcement it's going to move one way or the other.

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  2. Chartrambler7 September 2015 at 10:10

    Thanks Neal. I had a quick look at the DXY and it seems to be in a consolidation pattern.It could be forming a top but there sdoesnt seem to be any evidence yet. Have you cheked out Bouraq's charts ? He is good on currencies (TradingChannels blog)

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  3. Chartrambler7 September 2015 at 10:37

    http://tradingchannels.blogspot.co.uk/2015/09/weekend-charts.html

    ReplyDelete
  4. Unknown7 September 2015 at 12:30

    Thank you, will do

    ReplyDelete

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