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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
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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, 6 June 2010

Dax - retest of broken bull angle


Saturday, 5 June 2010

Are we setting up for a crash ?






I am posting a series of Russell 2000 charts to illustrate the extreme vulnerability of stockmarkets currently.The same point could be maken on a variety of indices.Extreme caution required !
On the second chart I have shown 3 lower highs,with the last one a double top.One of Gann's rules is to expect acceleration off a 3rd top or bottom and the market appears to have broken important support .We have broken the 3rd fan line,the 5x1 weekly Gann line and the 34 and 89 dema's appear poised to cross.

Cocoa - bullseye !


Friday, 4 June 2010

Cocoa



Bearish inverted hammer at resistance...ready to turn down ?

Wednesday, 2 June 2010

Dax Gann 1440 square update

Dax carving out a right shoulder ?



This is probably the strongest of the European markets........watch the 200 and 50 dma's

Eur


Wow ! no comment really necessary...this is the same chart originally posted back in late 2009.