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

Thursday 31 March 2016


Fresnillo (silver play)  found no resistance at 900 (50% from 600) so it may be headed for 1200 (100%)

this morning's price action ...close up of the wedge in chart below,with surmised backtest

Im not predicting we do this measured move but it is an option

Did the SPY just print a Pinocchio bar (false breakout)  ?  We should find out soon

Sunday 27 March 2016

Friday 25 March 2016




Wednesday 23 March 2016

this is only a 30 min chart,ideally we want to see a similar mvg ave configuration on a 60 and 120 min chart

Dax bearish topping tails

Tuesday 22 March 2016

Monday 21 March 2016

S&P chart (with astro) from Brad Gudgeon

I am wondering if Ftse could have a vicious selloff down to the midpoint of the 3460-7122 bull market at 5291

Sunday 20 March 2016

My concern is that while looking for troubles in the East, investors are neglecting unsolved problems in the west,' says William Littlewood

.... while looking for troubles in the East, investors are neglecting unsolved problems in the west. In the context of poor growth, the high levels of sovereign debt in many developed nations are unsustainable. This has been masked temporarily by the actions of central bankers, who have suppressed interest rates to historical lows and in turn made borrowing costs appear manageable.  


Saturday 19 March 2016

the recent rally in oil has helped Ftse but it now has a potential reversal setup and Friday's Ftse candle was a reversal candle and possible double top

Wednesday 16 March 2016


Spending imbalances both within and between countries led to the crisis in 2008 and he believes a current disequilibrium will lead to the next.
To solve the problem, Lord King suggests raising productivity and boldly reforming the banking system.
He said: “Only a fundamental rethink of how we, as a society, organise our system of money and banking will prevent a repetition of the crisis that we experienced in 2008.”

Mervyn King

Tuesday 15 March 2016


some measured moves and projections

Monday 14 March 2016

long term Ftse chart

Sunday 13 March 2016


well I got my sell signal on Thursday then an unexpectedly strong candle on Friday....lets see what Monday and Tuesday bring



Tuesday 8 March 2016

Saturday 5 March 2016


overextended against short term mvg ave.approaching trendline resistance,200 dma sloping down looms above


approaching the 200 dma



The Association of Bavarian Savings Banks, which represents 71 savings banks in the German State of Bavaria, has had it with the ECB’s negative deposit-rate absurdity, and it’s now instigating a palace revolt.

Ftse Futs

Ideally the market should reverse Monday or Tuesday and decline for 3 months to complete a yearly cycle off March 29 high. I have 5260 as a possible level. Note this is the nearest futures,so cash index prices are slightly different.We have no sell signal currently and the major 50% retracement at 6266 may be a magnet for a final spike (equates to 6310 on cash)