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

Friday, 31 January 2014

The weekly candle is irredeemable now I guess,I suspect a move down to 50% of the range but worth watching the 200 dma (not shown)

edit I changed the initial PF placement on the original chart (thanks to Lunasyko)
best guess is we head down to 9000 area then bounce

This is a pretty convincing chart from Kimble

Thursday, 30 January 2014

Pivots chart (MPG Trader)

Wednesday, 29 January 2014

nasty looking bearish engulfing /twin towers pattern.....can now calculate a measured move from todays high I think


Blue solid line (Gann 1x1) is very important support


288 (2x144) seems the last hope for a bear count on cocoa. Keep an eye on london contract if it were to break back below 1800 bears could be in business

key resistance at 5/8 level (9531) and 20 dma

Tuesday, 28 January 2014


Gann Square



AAPL ...needs to see some more buyers soon to avert a bearish elephant bar on the weekly candles



Thanks to Coolbizone for this chart



Monday, 27 January 2014

The Dax - from Oscar Carboni's daily video. Personally I still like the megaphone pattern chart I posted yesterday but Oscar's videos are always a good watch


I suspect any move back toward 160 is a buying oppurtunity


So, just as pretty much everyone in the sound money community predicted, tapering will end sooner rather than later when a panicked Fed announces some kind of bigger and better shock-and-awe debt monetization plan. The European Central Bank, which actually shrank its balance sheet in 2013, will reverse course and start monetizing debt on a vast scale. As for Japan, who knows what they can get away with, since their government debt is, as a percentage of GDP, already twice that of the US.

Mish - Deflation


Silver chart from Breakpoint Trades

Lots of great charts on this link


Only halfway through the trading day but possible breakaway gap

Time to sell UK Banks ?

I think so.At best we may see more sideways ranging but this is not a pretty chart


Gold in sterling looks to be bottoming. I marked in 2 major murrey math levels and would like to see follow-through this week to confirm 75 is now support


we pierced the upper bollinger band so I would expect a reversal here.I put some Gann wheel support levels in


Equal price ranges (and a monthly reversal bar ?)


Sunday, 26 January 2014

http://solarcycles.net/2014/01/26/stock-market-crash-probable/   John Hampson


still no sign of a low in fact we got a high below broken support last week
bull points - poss w5 and we have a 3 month decline


Elliott wave analysis from Nouf,which also discusses the importance of the yen carry trade



We reversed pretty well in the middle of the resistance zone - I had kinda been thinking it might reach 9900 but still...

Murrey Math :


the expanding triangle.I marked in a 6 and 8 month cycle convergence area

Nasdaq and the "circle of 360"

Was watching 3600 on Nasdaq and we finally got our reversal signal after 85 weeks, a shooting star weekly candle.We had our 50% move into resistance off half the circle (240) up to completion at 360 (times 10)and time looks to be working on 1/4 of the circle,90 weeks.Interestingly the 90 week cycle will also be 45 weeks from the 270 low which would square time 45 weeks against price 90 points (x10) at 1 x 2. A 5 week correction would also be a "matching wave " with the summer decline

Saturday, 25 January 2014



Cable followed through with further selling from my intraday post on Friday and we got a bearish outside day.As mentioned before 1.66 was an important level (1800 off the low) and there were important Gann emblem cycles in January,this could be a significant top.


Yen strength across the board this week.The yen has been used as a funding currency for speculation so this is bad news for bulls



Bearish reversal candle


405 worked in the end :-)

Gary Savage

FTSE swing failure

Korelli's FTSE chart (link on blog list)

Dax (Jun futs)


3rd LH setup,neckline broken



The Santa rally was a measured move.The churning below 1846 without a new high was a warning the trend was tired (this is nearest futs )