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

Thursday 30 August 2018


the 3rd low is normally where acceleration begins

bearish engulfing candle

Sunday 26 August 2018

from https://www.youtube.com/watch?v=knP46vFilOY


should bounce from here 49 is half the 98 high and is the square of 7. I am looking for a major low


FTSE needs to regain the 100 dma and avert the bearish cross signal.The second chart shows the bearish cross signal that preceded the bear phase in 2015

could we see another January type move ? September doesnt have a good record for stockmarkets

Saturday 25 August 2018

I never had a particularly favourable impression of Katie Hopkins,but after listening to this fantastic speech I have changed my mind

Friday 24 August 2018

FTSE . Seems likely to head down in this wedge formation toward the 618 or even lower to the 707 or 786
Possible fast move. Good R/R with stop above 7600

Not a trade recommendation,do your own due diligence :-)


Wednesday 22 August 2018


People are beginning to notice that no matter who they vote for they get the same exploitative neoliberal policies at home and the same murderous neoconservative policies abroad, which doesn’t do much to dispel those wacky notions about a permanent unelected government pulling the strings while the official elected government puts on a pretend democracy show every few years. It would probably be a good idea to do something about how America has the worst electoral system in the western world, how ordinary Americans have virtually no influence over US policy or behavior compared to wealthy Americans, and the way the rigidly-enforced two-party system necessarily creates an extortion scheme where both parties serve the same plutocratic interests but bully Americans into supporting one or the other under the threat of losing civil liberties.
And again, I hate to be a wet blanket, but those defense and intelligence agencies technically are unelected and technically do wield an immense amount of power, and technically do have an immense amount of influence over Washington, Wall Street, Silicon Valley, Hollywood, the mainstream media, big oil, plutocratic interests, US allies, world trade, and countless major world events. By restoring power to the people instead of leaving it all in the hands of an elite class of secretive agencies and their plutocratic allies, people might feel like they have a bit more control over what’s going on in their country and won’t have to make up nonsensical stories about a “deep state”.
If we could pull these steps off, what will these conspiracy-mongering grifters have to sell to the naive populace? If everyone trusts their government and feels confident in the democratic process, who will believe stories about powerful unelected forces ruling over them? !

Tuesday 21 August 2018

one possibility ?

Sunday 19 August 2018


ema crosses

Lord Jacob Rothschild has voiced concern about the inevitable collapse of the ‘New World Order’ under President Trump’s leadership.


hammer reversal on trendline support
you could argue it is down 180 (ignoring the candle tails) in 180 degrees from the Feb top ie time price square on the Gann circle

SPX/Dow Jones

chart by Ron Walker (the chart pattern trader)

chart by me :-)

The Dow has an unfilled gap above current levels ,so bears need to be aware that it may want to fill before the proposed C wave ensues


head and shoulders ?

weekly candles

Or diamond pattern ? (rare)

Saturday 18 August 2018


could we about to see another waterfall decline like January ?  An alternative view would be that the pattern from the June high is a declining wedge

Friday 17 August 2018

after an interminable interval Ftse finally broke down from the consolidation pattern on Wednesday

Monday 13 August 2018

Ftse charts

the vertical line is a time line for Aug 23/4,based on Gann emblem calculations

Saturday 4 August 2018

Thursday 2 August 2018

breakdown from bear flag

yesterday we had a bearish engulfing candle ,this morning a gap breakdown

Wednesday 1 August 2018