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

Wednesday 29 March 2017


looks like 5 waves down ....ie impulsive

Tuesday 28 March 2017

Monday 27 March 2017


 backtest of boken wedge ?

Yen strength not good for stocks,good for gold (see March 12 chart)

Thursday 23 March 2017

a nice top on the Spring Equinox.....

Monday 20 March 2017

Friday 17 March 2017

Nice reversal bar...Was this the end of the wedge pattern ?

Tuesday 14 March 2017


What banks do is to simply reclassify their accounts payable items arising from the act of lending as ‘customer deposits’, and the general public, when receiving payment in the form of a transfer of bank deposits, believes that a form of money had been paid into the bank.
No balance is drawn down to make a payment to the borrower.
The bank does not actually make any money available to the borrower: No transfer of funds from anywhere to the customer or indeed the customer’s account takes place. There is no equal reduction in the balance of another account to defray the borrower. Instead, the bank simply re-classified its liabilities, changing the ‘accounts payable’ obligation arising from the bank loan contract to another liability category called ‘customer deposits’.

While the borrower is given the impression that the bank had transferred money from its capital, reserves or other accounts to the borrower’s account (as indeed major theories of banking, the financial intermediation and fractional reserve theories, erroneously claim), in reality this is not the case. Neither the bank nor the customer deposited any money, nor were any funds from anywhere outside the bank utilised to make the deposit in the borrower’s account. Indeed, there was no depositing of any funds.
The bank’s liability is simply re-named a ‘bank deposit’.
highlihting some S/R levels and important t/l support

Sunday 12 March 2017

David Larew‏ @ThinkTankCharts 47m47 minutes ago
The Dow - generally the computers short or sell at the top of a Channel. The safest trade is to trade the cross of the RSI trend line.


I still think the yen is a buy but price action over the next few days should clarify

Saturday 11 March 2017

I found this chart at   http://tripstrading.com/2017/03/11/rounding-tops-bottoms-sp500-vs-vix/

Friday 10 March 2017


Sunday 5 March 2017


7 week exhaustion pattern ? (would require a reversal this week)

Gann 50% marker from previous bull market high :


Huge black reversal candle marks the top ?

daily now trading below 20 and 40 dma's

Saturday 4 March 2017


3 similar patterns,highs getting closer together,a sign of weakening momentum



Friday 3 March 2017

The Dax opened this morning with what could be a breakaway gap from yesterdays pennant formation.