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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, 4 November 2012

Cable

The gravestone doji at the angle intersection last week was a warning that the trend would reverse


Here is another,simpler (ie more obvious) price/time squaring than in my Ftse examples.Silver reversed after running 9 points in 90 days.


Monthly Gann angles. Below the declining 20x1




Hmmmm  We overshot 720 at the low and overshot 1440 at the high butseems as though Gann's numbers are in charge.The last rally effectively came off 1080


Dax

Six days up,backtest of 1x1,reversal on day 7 (Monday) ?









Blue MA is 200 dma

Saturday, 3 November 2012

Ftse

Bearish inverted hammer.The US was weaker after London's close so we will probably open lower on Monday.The price/time setups I posted earlier,plus the LH below a double top setup,and more besides,suggest a sharp decline is possibe


Aud




Euro

We broke down below the 618 retracement on Friday and the dollar showed all round strength,which supports the argument for a stocks correction.The next cycle to watch in the squence would be 10 months