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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


Monday, 22 October 2012





Breakout looks for real at last ?



interesting post on the "debt jubilee" concept by john Rubino

http://www.safehaven.com/article/27401/is-a-debt-jubilee-the-next-big-meme?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

Sunday, 21 October 2012

Ftse wave count,chart by Joy Division,posted on Daneric's


Wolfe waves?

A couple of attempts at Wolfe waves.I have only just found out what Wolfe waves are so have no idea whether I have drawn them right ! If I have,the theory is that weshould decline to the extended 1-4 line,as I understand it. Here is a video link
http://www.youtube.com/watch?v=hfdRXHMZjEE
and a link to Bill Wolfe's site

http://billwolfe.blogspot.co.uk/2012/10/bearish-wolfe-wave-update.html#more
(thanks to Richard,from Daneric's to pointing me in this direction)










Conventional trendline support

see also QQQ's charts from San   http://niftychartsandpatterns.blogspot.co.uk/2012/10/qqq-weekend-update.html

Nasdaq Square of 144

Nasdaq off the Nov low is 720 points in the square of 144 (multiply by 10) . 216 to 288 (2x144) So could we fall 16.66% 480 points to 2400 to a Nov 25 low to complete the yearly cycle (720 price/360 time)?

BLT

I still think these big miners have head and shoulder patterns