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

Saturday 31 October 2015

Ftse (daily) .....will be interesting to see if the wedge breaks on Monday

Thursday 29 October 2015


clearly the 50% retracement level is important...........expanding wedge pattern ?


10800 is a Gann level (3 x 360 ) (x10)
it is also 3 times the 2009 low

a 13,34 ema cross would be a reasonable trigger

Wednesday 28 October 2015

something like this for the bearish scenario ?


Tuesday 27 October 2015


a couple of closes below 6400 would indicate a high of some sort might be in for now

Sunday 25 October 2015

nice charts from Korelli (US,UK and high yield debt )


not sure about the wave count in this one.....:-)



we got the spike I was looking for on Wednesday but bears now need to say a fairly swift reversal as much further strength would take out important resistance

On the cash index the 50% retracement line is at 6445,right where we closed on Friday

Saturday 24 October 2015

chart by Kimble

Wednesday 21 October 2015

setting up for a spike short term ,which could give our selling oppurtunity ?


a decline to the lower BB could be a buying oppurtunity,seems to some symmetry (foldback pattern ?)

Tuesday 20 October 2015


masses of resistance overhead

maybe a November low,like 2011 ?

Sunday 18 October 2015




If this bearish view is correct then we need to reverse soon at or below horizontal resistance. I am inclined to say 6400 is the big level but we could push a little  higher.....above 6500 I would have to rethink.

here is the same chart plotted for calendar days rather than trading days,the angles seem to work better

Friday 16 October 2015

Dow neckline test

looks to be limited upside from here,maybe a spike to the faint upper horizontal line ?

Thursday 15 October 2015


last week was a major power candle (elephant bar) and this week is following through
(this is a major silver producer,based in Mexico ,listed on the FTSE


failed break of the ema

SPY candles

some nice clean candle patterns


chart below by Ron walker with trendlines added


chart posted Sep 14....breakout

Wednesday 14 October 2015


I drew attention to the bullish engulfing candle on Oct 4 and to the bullish ma alignment the next day and we have seen nice followthrough

how with deals with this 50 % level should offer a clue to its strength


update of Friday's chart....2 red candles after reacting at resistance

with the 5 day rsi

MA signal given early on 15min chart,not confirmed yet on 60 min

Tuesday 13 October 2015


"In what is being described as the largest German protest in recent years, hundreds of thousands of enraged citizens descended upon Berlin over the weekend to voice their collective displeasure at the government’s attempt to consolidate corporate dictatorship by passing a democracy killing agreement being marketed as a “free trade” deal, known as the Transatlantic Trade and Investment Partnership (TTIP).
The TTIP is basically the TPP but between the U.S. and Europe as opposed to the U.S. and Asia and parts of Latin America. Like the TPP, it further consolidates corporate power, destroys consumer protections and has been negotiated entirely in secret"
possible short term wave count for the S&P

 longer term charts,Nasdaq :

Friday 9 October 2015

Thursday 8 October 2015


2000 seems like a decent reversal level

Wednesday 7 October 2015


broad resistance in the 6300-6400 area

Tuesday 6 October 2015


Im feeling more and more positive about gold here....this is the daily chart.Next step needed is to clear the 100dma

Sunday 4 October 2015


very bullish looking engulfing candle


"Russian warplanes have been targeting rebels trained by the U.S. Central Intelligence Agency exposing US policy placing Moscow and Washington on opposing sides in a Middle East conflict for the first time since the Cold War. This should be a great concern because whatever has been the focus on the precise day of the ECM is what becomes the important event. As the economy in Russia turns down, the government needs a distraction and this is it. We will see the same trend emerge in the USA when the economy turns down for war is necessary to distract the people from the non-establishment candidates for 2016 and the social defaults as well as the need to raise taxes for war."




Saturday 3 October 2015


bouncing strongly from the Gann support levels I posted here few weeks back