DJI

The Dow 2 hr bars are belowthe 500 sma again.There is a succession of lower highs,failure at Gann's all important 50% line and a top at 25000 (Murrrey Math)......bulls beware

https://tragedyandhope.com/bilderberg-nonelected-rulers/

Bilderberg: Nerdy Supper Club, or Non-Elected, Unaccountable Rulers?

an interesting post for the Trump-haters from Marshall Kamena, Mayor of Livermore, CA.. Thanks to Lundy from Daneric's board for this

I am rather averse to seeing things through the contracted and distorted lens of the Left/Right paradigm because I think it is a distraction,but very interesting nonetheless

"while we were playing by the rules of dignity, collegiality and propriety, the Left has been, for the past 60 years, engaged in a knife fight where the only rules are those of Saul Alinsky and the Chicago mob.
I don’t find anything “dignified,” “collegial” or “proper” about Barack Obama’s lying about what went down on the streets of Ferguson in order to ramp up racial hatreds because racial hatreds serve the Democratic Party.
I don’t see anything “dignified” in lying about the deaths of four Americans in Benghazi and imprisoning an innocent filmmaker to cover your tracks.
I don’t see anything “statesman-like” in weaponizing the IRS to be used to destroy your political opponents and any dissent.
Yes, Obama was “articulate” and “polished” but in no way was he in the least bit “dignified,” “collegial” or “proper.”
The Left has been engaged in a war against America since the rise of the Children of the ‘60s. To them, it has been an all-out war where nothing is held sacred and nothing is seen as beyond the pale.. It has been a war they’ve fought with violence, the threat of violence, demagoguery and lies from day one – the violent take-over of the universities – till today.
The problem is that, through these years, the Left has been the only side fighting this war. While the Left has been taking a knife to anyone who stands in their way, the Right has continued to act with dignity, collegiality and propriety.
With Donald Trump, this all has come to an end. Donald Trump is America ’s first wartime president in the Culture War.
During wartime, things like “dignity” and “collegiality” simply aren’t the most essential qualities one looks for in their warriors. Ulysses Grant was a drunk whose behavior in peacetime might well have seen him drummed out of the Army for conduct unbecoming.
Had Abraham Lincoln applied the peacetime rules of propriety and booted Grant, the Democrats might well still be holding their slaves today.
Lincoln rightly recognized that, “I cannot spare this man. He fights.”
General George Patton was a vulgar-talking.. In peacetime, this might have seen him stripped of rank. But, had Franklin Roosevelt applied the normal rules of decorum then, Hitler and the Socialists would barely be five decades into their thousand-year Reich.
Trump is fighting. And what’s particularly delicious is that, like Patton standing over the battlefield as his tanks obliterated Rommel’s, he’s shouting, “You magnificent bastards, I read your book!”
That is just the icing on the cake, but it’s wonderful to see that not only is Trump fighting, he’s defeating the Left using their own tactics. That book is Saul Alinsky’s Rules for Radicals – a book so essential to the Liberals’ war against America that it is and was the playbook for the entire Obama administration and the subject of Hillary Clinton’s senior thesis.
It is a book of such pure evil, that, just as the rest of us would dedicate our book to those we most love or those to whom we are most indebted, Alinsky dedicated his book to Lucifer.
Trump’s tweets may seem rash and unconsidered but, in reality, he is doing exactly what Alinsky suggested his followers do. First, instead of going after “the fake media” — and they are so fake that they have literally gotten every single significant story of the past 60 years not just wrong, but diametrically opposed to the truth, from the Tet Offensive to Benghazi, to what really happened on the streets of Ferguson, Missouri — Trump isolated CNN.. He made it personal.
Then, just as Alinsky suggests, he employs ridicule which Alinsky described as “the most powerful weapon of all.”... Most importantly, Trump’s tweets have put CNN in an untenable and unwinnable position. ... They need to respond.
This leaves them with only two choices. They can either “go high” (as Hillary would disingenuously declare of herself and the fake news would disingenuously report as the truth) and begin to honestly and accurately report the news or they can double-down on their usual tactics and hope to defeat Trump with twice their usual hysteria and demagoguery. The problem for CNN (et al.) with the former is that, if they were to start honestly reporting the news, that would be the end of the Democratic Party they serve. It is nothing but the incessant use of fake news (read: propaganda) that keeps the Left alive.
Imagine, for example, if CNN had honestly and accurately reported then-candidate Barack Obama’s close ties to foreign terrorists (Rashid Khalidi), domestic terrorists (William Ayers & Bernardine Dohrn), the mafia (Tony Rezko) or the true evils of his spiritual mentor, Jeremiah Wright’s church.
Imagine if they had honestly and accurately conveyed the evils of the Obama administration’s weaponizing of the IRS to be used against their political opponents or his running of guns to the Mexican cartels or the truth about the murder of Ambassador Christopher Stevens and the Obama administration’s cover-up.
So, to my friends on the Left — and the #NeverTrumpers as well — do I wish we lived in a time when our president could be “collegial” and “dignified” and “proper”? Of course I do.
These aren’t those times. This is war. And it’s a war that the Left has been fighting without opposition for the past 50 years.
So, say anything you want about this president - I get it - he can be vulgar, he can be crude, he can be undignified at times. I don’t care. I can’t spare this man. He fights for America! "

FTSE 30 min chart with confluence of  short-term targets from possible head and shoulders and bear flag patterns

bearish evening star reversal pattern ,and false break pattern

Ftse id update

a possible Pinnochio bar yesterday.In candle terms it was a high tailed doji.

https://benwilliamslibrary.com/blog/?p=6241

Donald Trump, in obedience to his Zionist handlers, has moved the US Embassy in Israel from Tel Aviv to West Jerusalem – a stupid and dangerous move. He chose to be absent from the Jerusalem celebration held in his honor May 14^th. While a select crowd of well-dressed American and Israeli officials regaled the new location of the embassy in West Jerusalem, sixty miles to the east the scene was one of death, destruction, and mourning.
It was merely one of a continuum of Zionist atrocities waged against native Palestinians. It has been the same for decades. The history reads like a made-for-TV series of invasion by unstoppable aliens. Thanks to the full backing by the US Military, the Israelis have run roughshod over the native Palestinians with constant massacres and encroachment upon Palestinian land. Today, Palestinians are forcibly pushed into Gaza which is now their prison. They are forced to live there without adequate food, water, sanitation, or medical facilities. Furthermore, the Israelis kill and maim the Palestinians (men, women, children) at will. They also drive them out of their homes, and claim they are doing this to defend themselves.
The Zionists get by with doing this because the US Government defends them in anything they do. Also, the churches in America brainwash everyone to believe that the Zionist Jews are the descendants of ancient Israelites, and that they have the approval of God to commit the atrocities against the Palestinians. But the truth is that the Zionist Jews are not Israelites at all. They are not Semitic. They are not related to Abraham. They are fakes who have adopted the name “Jew” and then pulled off the biggest hoax of modern times. They were empowered to do this only because they had the backing of the churches (which are not true Christian), the British and US governments, and the money power of international banks

http://washingtonsblog.com/2018/05/how-democracy-ended.html

What killed democracy was constant lying to the public, by politicians whose only way to win national public office has been to represent the interests of the super-rich at the same time as publicly promising to represent the interests of the public — “and may the better liar win!” — it’s a lying-contest. When democracy degenerates into that, the ‘democracy’ becomes dictatorship by the richest, the people who can fund the most lying. Such a government is called an aristocracy, no democracy at all, because the aristocracy rule there, the public don’t. It’s the type of government that the French Revolution was against and overthrew; and it’s the type of government that the American Revolution was against and overthrew; but it has been restored, in both countries

RRS

anything below 60 is a great buying oppurtunity in my view.I suspect we will be mich higher in 3 years time and that a global currency reset will be immensely beneficial to gold and will take many by surprise

200 dma

major retracement levels :

BATS

I like the potential for a sharp reversal in this chart,althought the long term moving aves are now bearish

FTSE future

megaphone pattern with limited upside ?
wild volatility centered around a basically flat 200 dma.Massively overbought and due a sharp reversal soon. Cycles suggest a decline into a late June low ?

Lumber

some interesting time and price symmetry and reversal candle,on lumber

within a hair's breadth of the January high.Sterling weakness and oil market strength have been a huge boost to the FTSE but US bond yields are now pushing above 3% .I am looking out for something like this

 (2h with 50,100 sma)

Nomi Prins and Ron Paul...

John Piper,who mainly uses the Elliott Wave approach,but is sensible about it generally :-) Interesting he is bullish on BTC,I really have no idea on crypto :-)

http://washingtonsblog.com/2018/05/willing-slaves.html

In 2002 and early 2003, the drumbeat for aggression against Iraq was like Hitler’s drumbeat in 1939 for a ‘defensive’ invasion against Poland. It was a succession of one lie after another. But, yet, to this day, many Americans, and even some non-Americans, still trust the U.S. Government not to lie its way into aggression, even into aggression which destroys a nation that the U.S. regime claims to be trying to ‘save’, so that the U.S. regime’s true intentions are clearly very different from the benign ones that are being asserted. Believing any longer in such a Government, and in its press, is therefore to be a willing mental slave, of a regime that actually endangers the entire world (and which Government non-Americans consider to be the world’s most dangerous).

Dax - right shoulder forming ?

Thanks to Bobo for this

Despite a strong earnings season, former Republican congressman Ron Paul is renewing his call for a market meltdown.
He sees additional near-term corrections gripping stocks as the budget deficit exposes more vulnerabilities to the United States' capacity to do business.
"The fundamentals show that the spenders are in Washington. They're alive and well. The deficit is skyrocketing like never before," Paul said Tuesday on CNBC's "Futures Now." "The market is destined to go down."
The libertarian's comments came as the Dow kicked off May in the red and briefly fell back into correction territory. The index fell by more than 300 points on Tuesday before closing down by 64 points. The S&P 500 eked out a fractional gain.
Even with stocks under pressure, Paul contends the stock market is too expensive.
"The fundamental reason is that we've had too much printing of money — especially since 1971, especially with the QE. So, everything is artificial. There are big bubbles, so stocks are basically higher," he said.
The former presidential candidate isn't known for being subtle when it comes to his pullback calls.
"Ultimately, when these corrections have to occur, they always go down a lot more than people expect. Just like they go up higher than people expect," Paul said. "A 50 percent correction with all the distortion that has existed for all these years — I think it's very possible."
Paul falls short on offering a timeline, but last August he estimated a correction could be less than a year away. On Feb. 2, his warning became a reality. However, the magnitude was less than 50 percent.
Still, he believes a wave of massive selling is still ahead.
"In spite of what looks pretty secure in the economy in the statistics, I think it's in shambles. It's a real mess,"' he said.
There is one investment in particular that Paul deems as safe: gold.
He already owns it. But with gold trading around its lowest level of the year and risks looming, Paul is considering buying more.
"I personally would be better off if I did buy a little bit more gold," Paul said

Ftse....the hunt for Mr Gann's important first lower high continues

some clues......

having pushed through the 0.707 harmonic retracement level the 0.786 fibonacci retracement is the next important level for Ftse100.This stands at 7594 (depending on your data source)

https://www.davidicke.com/article/472342/silence-skripals-government-blocks-press-reports-media-change-record

There has been no recent reporting on the Skripal case in which a British-Russian double agent and his daughter were poisoned in Salisbury, England. There even seem to be attempts to change the public record of the case.

The British government alleged that the Skripals were poisoned by Novichok, a deadly nerve agent, and blamed Russia for it. There are still many open questions to ask but the British media, otherwise not afraid of 'door stepping', are curiously uninterested. We already noted in early April that the British press was throwing Novi-Fog™ onto the public. It was repeating outrageous and illogical claims from "security services" but did no genuine reporting on the Skripal case.

Now the former British ambassador Craig Murray quotes Clive Ponting, another former senior civil servant, who suspects that the British government issued a D-Notice. Such a notice forbids British media to report on an issue. Murray also points to a tweet by Channel 4 correspondent Alex Thomson from March 12 in which Thomsen mentions a D-Notice specifically related to Mr. Skripal's MI6 handler

One Pablo Miller, a British MI6 agent, had recruited Sergej Skripal. The former MI6 agent in Moscow, Christopher Steele, was also involved in the case. Skripal was caught by the Russian security services and went to jail. Pablo Miller, the MI6 recruiter, was also the handler of Sergej Skripal after he was released by Russia in a spy swap. He reportedly also lives in Salisbury. Both Christopher Steele and Pablo Miller work for Orbis Business Intelligence which created the "Dirty Dossier" about Donald Trump.

We early on suspected a relation between the "Dirty Dossier" and the Skripal affair:

Here are some question:
Did Skripal help Steele to make up the "dossier" about Trump?

Were Skripal's old connections used to contact other people in Russia to ask about Trump dirt?

Did Skripal threaten to talk about this?

If there is a connection between the dossier and Skripal, which seems very likely to me, then there are a number of people and organizations with potential motives to kill him. Lots of shady folks and officials on both sides of the Atlantic were involved in creating and running the anti-Trump/anti-Russia campaign. There are several investigations and some very dirty laundry might one day come to light.