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

Sunday 30 July 2017

important bottoms in on cocoa and coffee  ?

here is one scenario for the FTSE,using Gann Wheel levels and a measured move projection suggests a swift move down to 7225 is possible. 7225,the square of 85, is 360 degrees on the wheel from 7569 ,the square of 87. 360 degrees from the actual high is 7254.

closing above 7440 would suggest something else is happening,whilst a stronger downmove might find support at 7141 on the with 7130 area filling the gap from April

Saturday 29 July 2017

Cadence Minerals

REM has changed its name. Rallied on news of the UK ban on petrol cars,almost exactly on the 1 year anniversary of the last big rally starting


Tuesday 25 July 2017

Monday 24 July 2017

great video by Stefan Molyneux


well I said last week that gold needed a good week to turn the chart round and it wasnt a bad one ( a kicker candle on the weekly ?)
Still not out of the woods but I noticed the monthly candle is looking like a bullish hammer (so far)

Sunday 23 July 2017



clear reversal bar on daily,following break of upper BB line


Saturday 22 July 2017


the 618 retracement did its job....LH now in place

Sunday 16 July 2017


The Dax needs to form a lower high below 12700


it was disappointing for bears that the last 2 weeks saw no follow through,but there is a decent tail on last week's candle so we could see weakness next week. 7440 is the critical level

gold needs to do a lot of work next week to turn this bearish  weekly candle chart round.

Dow Jones Industrials

the Dow spent months trying to break 18000.On Friday it finally hit 21600,which is the next Gann level higher on the square of 360 (think 1800 + 360 =2160,or 5 x 360 to 6 x 360)
216 is also 1.5 x 144

Now we need to await confirmation that Fridays bar was an exhaustion (which,of course is by no means assured,merely a hypothesis) At the end of Feb there was an exhaustion bar followed by an inside bar and the signal would have been to short the break down below the IB low

arrows on the chart mark reversal bars

Saturday 15 July 2017

thanks to Rider Bobo for this

Voters who live in the heartland and outside the New York-D.C. media bubbles do not care about the legacy media’s obsession with Russia.
An Iowa radio news director emailed CNN media reporter Brian Stelter, out of all people, on Thursday to tell him that conservatives in his state are “very angry” at the legacy press because they think the media are using Russia stories to “oust” and delegitimize President Donald Trump.
“They think the Trump/Russia deal is a coup attempt by the media, and don’t think there is anything to the Russia/ Trump, Jr. emails,” Robert Leonard, the news director, emailed. “They don’t understand why the media is trying to oust our duly elected president. They think there is a double standard — why isn’t anyone investigating the Clinton campaign/Russia connections? They are standing firm behind Trump.”
According to a recent Harvard-Harris poll, nearly two-thirds of Americans believe that “there exists a campaign to delegitimize” Trump.
Reporters who have gone to working-class areas in states like Pennsylvania (“Trump’s Supporters Aren’t Abandoning Him in This Pennsylvania Town”), Ohio, Wisconsin, Michigan, Kentucky and even Tennessee (“In Trump Country, Russia Scandal Doesn’t Resonate”) have all reported similar sentiments.
CNN, though, keeps focusing on Russia even though one of its anchors, Alisyn Camerota, said on Friday that she was actually experiencing Russia “fatigue.”
A Media Research Center study found, for instance, that Camerota’s CNN morning show New Day spent a whopping 93% of its airtime on Wednesday on Trump-Russia stories.

SPY ending diagonal pattern complete ?

final exhaustion ? I will be watching for  reversal signal this week

Friday saw a pop out of the upper bollinger band

Thursday 13 July 2017


the market ran through 7400 and took out (I suspect) a load of stops....watching this possible rising wedge 5 wave structure for one final push

Monday 10 July 2017


Doji candle on the quarterly chart

1 year low to high


Saturday 8 July 2017

is the Dow set to follow Nasdaq's and Dax reversals ?


Wednesday 5 July 2017



Ftse 250

Saturday 1 July 2017

S&P topping ?

This is an update of the 30 min S&P chart from Ron Walker's public list,posted last week,with my annotations

link to Ron's list    http://stockcharts.com/public/1092905

another chart from Ron


possible count