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

Monday, 30 May 2016


A primitive, savage, barbaric, cannibalistic, human trafficking, child abusing, pedophile, narcotics industry, thieving banking system, NSA Nazi police state control grid rules this planet. And that is a fact. Their weapons of choice are murder, genocide, lies, deceit, theft and slavery. Nothing they say or do is as it seems or what it really is.
They have perfected the two faced Janus to a fine art. The civilized choice is not part of their arsenal. Propaganda and double speak is. They are taking us into another world war. Few voices of reason prevail.

Sunday, 29 May 2016



Nearest futures chart

May 29 was the day when the first leg down in the Ftse bear started last year (it peaked in April and churned sideways)

If we top soon around 6270-6320,the measured move would project down to the 61.8% retracement area

On the cash index 6311 is important resistance,being the midpoint of the 2009-2015 bull market

Saturday, 28 May 2016

 AAPL....from an interview with Ben Rogoff in Exceptional Investor

Q: Shares of Apple took a beating recently because of iPhone sales, and shares in your fund dropped on the day of their earnings announcement because of your investment in Apple. What are your thoughts on the future of Apple as a company, and as an investment for your vehicle?

A: We continue to support a reasonably large position in the company. We’re running our smallest absolute position in Apple, because we have been saying quite vocally that the smartphone market is fully penetrated – probably 80% global penetration now. That makes it very difficult for Apple to grow, given that two-thirds of its profits come from the iPhone. What we saw in the last quarter shouldn’t have been any shock to anybody, really, particularly as we’re coming towards the end of the iPhone 6/6S cycle.

Here’s the bull case: this company has the best, most recognized brand on earth, with 500 million affluent customers, and those customers are just waiting to buy something else from it. The challenge for Apple is to come out with a device that will drive an upgrade of the installed base, and there’s a question mark there: we don’t know if they can or if they can’t.

I think what’s critical, and why I retain the size position that I have, is that frankly there’s not very much downside absolute risk. The company’s earnings are plateauing. They may even come down a bit. But the valuation is less than half of the valuation applied to Coca-Cola, a business that doesn’t grow either but has a great brand and great recurring revenues. Over time, if Apple can demonstrate that it has longevity, it has a very loyal affluent customer base, and the multiple can rerate quite materially.

Q: You’re confident that the iPhone 7 will deliver something cool that people will like, and that the Apple share is good value?

A: The iPhone 6 was an unusually strong upgrade, because they introduced new form factors: bigger phones. There was a whole bunch of people that upgraded at that point. That’s going to be a very difficult upgrade cycle to replicate with the iPhone 7. You can’t keep increasing the size of a phone indefinitely. You have to add new features and new software, and maybe there’s fast-charging potential, dual cameras, noise cancelling… There’s always something you can add. But I don’t think we’re anticipating anything like the 6 upgrade. We just think it should be better than a 6S upgrade.

The reason you retain a position in the stock here is that, when you back out the cash, the stock is trading at a single digit P/E – not far off half the S&P multiple, for frankly one of the best brand businesses in the world. It’s out of respect for the company and its brand and its customer base that we’ve retained the position size that we have, because the immediate growth profile of the company is moribund. We’re sort of making an exception for this stock because it’s an exceptional business.


Friday, 27 May 2016


there should be some support here for gold .


Tuesday, 24 May 2016

Sunday, 22 May 2016

more Ftse charts

Saturday, 21 May 2016


Friday's candle was bullish so we should anticipate some followthrough. I am looking for reversal around 6180, with the previous high at 6216 critical resistance

dome top ?

I can see a foldback pattern here with  arc resistance.....these things work until they don't :-)


Wednesday, 18 May 2016

Dow Jones

last month's high is the logical stopout on shorts for this bearish setup (Gann 7 year death cycle,failed retest of broken trendline  and double top)

Tuesday, 17 May 2016


this morning's strong rally above 10000 was reversed......this is the AH chart whilst US still open


is crude forming athe last leg of a corrective move toward 50 ?

Saturday, 14 May 2016


Friday's candle was bearish and there are now 3 daily pivots in place from which a move down could ensue


simple technical analysis suggests a confirmed trend change

Thursday, 12 May 2016

Sunday, 1 May 2016

FTSE250 wedge break

Ftse250 made a clear break from the rising wedge I posted