.

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


Saturday, 3 November 2012

Simple TA is sometimes best....trendlines,moving averages,candlesticks. I will try and monitor this chart regularly for signs of a trend change but for now we are in sell mode,with Friday's bearish dark cloud cover suggesting a LH

 The 3rd LH (or HL) often leads to acceleration....




Ftse Squaring price and time

My understanding of squaring price and time simply means looking for places where time and price are equal.EG if the market is up 100 points in 100 days.Gann said you could then look for a change in trend.I have used calendar time here though sometimes trading days work too.I have found you have to shift the decimal point in  the price integer sometimes so that here for instance the 5230 June low becomes 52.3. Price and time are not equal in these examples but a ratio of 1:2 is operative .(Could be looked at as second square of the range) Point 2 was a square of the low price,point 3 was a square of the range.
 For greater accuracy  you should use degrees rather than days (360 degrees =365 days)


Yesterday's high (if such it turns out to be) was 154 days from the June low.154 days is 151.8 degrees.The range from the March high to the June low was 759 points. 75.9x 2 = 151.8.

Friday, 2 November 2012

spx

..


Ive drawn in a possible bearish Wolfe wave pattern on Antofagasta


and a rising wedge pattern on Vedanta



Ndx

I think the late November period should be a significant time pivot based on this chart and am leaning more toward a low than a high


Ftse

Yesterday's bearish engulfing candle was swiftly reversed today and the market is poised beteen the declining 1x2 and the rising 2x1


Price regained the moving averages and appears to be backtesting a rising wedge pattern




Thursday, 1 November 2012

Ftse Lower High

This is the December future chart .We had a bearish engulfing candle today,closing below the 50 dma and seemingly confirming a lower high beneath the double top.Overall this looks like a pretty bearish pattern