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

Friday 28 April 2017

Ftse futs chart,arc top ?

Thursday 27 April 2017

I posted the bear case on cocoa many times last year. We may be near a bottom

the (more) bearish option on FTSE.It may just be an ABC,or perhaps a leading diagonal (thanks to Julie at Danerics for this suggestion)


decent reversal candle, maybe double top.Gap tomorrow would be a tell

Wednesday 26 April 2017

Saturday 22 April 2017

US Debt

Thamks to Wile for this chart by John Gabriel

head and shoulders developing ?

Ftse compared to 2015

This is not a prediction,more something to watch and a possible suggestion of what to expect if a top is forming.The 2 year anniversary of the previous ATH is on Thursday


SPY with gaps,horizontal S/R trendlines through gaps,2 fanlines and 2 lower highs

Friday 21 April 2017


gold stocks short term reversal pattern ?


update of  Thursday's weekly MACD chart

Kimble chart

Thursday 20 April 2017

Dax breaks 40 dma

The Dax had a full day's range below the 40 dma

swing chart

Kimble chart

Wednesday 19 April 2017


next major support 6670 ?

Sunday 16 April 2017


"The rate hikes various Fed presidents think will happen are pure Fantasyland material.
Huge equity and junk bond bubbles are in play. The Shiller 10-Year PE is 29.2. The only higher numbers were 1929 and the dot-com bubble in 2000. The bursting of these bubbles will be anything but an inflationary event.
Those looking for a steeper yield curve, might get it, but not the way they expect. When recession does hit or the stock market collapses, the Fed will be cutting rates, not raising them."

Friday 14 April 2017

the Ftse250 chart looks very bullish which is something we should bear in mind before getting sucked too much into the current "fear" in the markets
I will admit I was quite surprised when I viewed this chart

My main conclusion is to be cautious on the downside,despite the bearish tone to markets on the close yesterday.Ftse100 has support just above 7200 and how it reacts there (assuming it is reached) will be important

and the Dax uptrend,defined by the 50 dema is still intact for now

Thursday 13 April 2017


Weekly MACD looks ominous

Tuesday 11 April 2017


Big reversal in lumber yesterday


we are 2 years from the all time high this week ,720 degrees in Gann terminology

Monday 3 April 2017




sterling had a good week against the Euro,which has slipped back below the 200 dma


Sunday 2 April 2017


this chart looks horrible

FTSE (fut)

ideally I would like to see something like this