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

Tuesday 31 January 2017


risk off if we break down from the pennant ?

Thursday 26 January 2017

Saturday 21 January 2017

as the Ftse topped cable had a big reversal....

Dax trading in tight range at resistance

In previous posts I have highlighted the resistance around 11600-650.The break from this range should produce a powerful move

the Dow has a similar tight range but has already broken the 20 dma

The Ftse100 had a bearish weekly engulfing candle this week. The Dax is trading sideways at the 78.6% retracement level and has not given a reversal signal yet

Wednesday 11 January 2017


critical level,still no reversal.....


Sunday 8 January 2017



On Monday we will be 640 days from the 2015 high and I have approximated the range to 3600 since Gann liked 360  so we arguably have a square of time (8) and a square of price (6) coming together.Gann said we should watch 90 weeks and we are at 91 weeks.Price off the low is also 1/3 (33.33%) at 11700,another Gann resistance so if we break back below 11475 next week it could be a decent reversal signal

Thursday 5 January 2017


bearish candle forming on weekly

Wednesday 4 January 2017


11591 was another resistance level,Feb 8696 low x 1.333. Still looking tor a reversal signal

Monday 2 January 2017


"Taking the case of the homeless. In many American states it is now illegal to donate food to the homeless. If caught, pending your involvement, you could be heavily fined.  Those in a church at Dundalk, Maryland found this out the hard way. The church was fined a whopping $12,000 for letting the homeless sleep overnight at its outside grounds.
Another Good Samaritan criminalized for his compassion, trying to make a difference to the plight of the homeless, was Jay Hamberger. Because of helping the homeless for some 27 years in Houston he became an outlaw.
Further, it is now illegal to be homeless. How do authorities expect these impoverished people to pay the fines?? Even their meager possessions: bedclothes, clothes, tents, papers, medications … are confiscated. How could any policeman confiscating these possessions not consider this action to be inhumane?"