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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 August 2013

Ftse




we just failed to tag the 100% from the low Gann resistance level. I would be happier calling a top if we had hit this

Euro



negative divergence on the macd


Mooji





Something uplifting after all the CT posts and tweets on surveillance,corruption,manipulation etc :-)

Dow ranges



The second range was 1175 points and this seems to be as much as the market can manage before a correction as the subsequent rallies fell short.So we can use this as a marker to rate the strength of the market or as a stop level if going short.
 Personally I would not be aggressive here and would wait for a reversal,which is always safer in any case.Plus if this is a final range it may want to spike.I also put in the 8.33%  (1/12) level off the low

here is a 3 line break chart. RSI is not confirming this latest rally

 

Saturday, 3 August 2013

GBP

right shoulder of a "continuation head and shoulders " type pattern ?


Ftse

watching for a reversal signal


The 2 year cycle on Aug 9 might mark a high ( give or take a day or two)


We got the gap fill in HSBC and pierced the upper bollinger line,this stock looks ready to reverse now