**To know what to purchase and what to promote it is advisable learn the chart.**

Graphs of adjustments in quotes of forex pairs, inventory costs, index values carry way more info than is usually believed. Few individuals know that on the chart you may as well see the longer term dynamics.

The difficulty of modeling the longer term dynamics of the worth of economic property (currencies, shares, indices, uncooked supplies, and many others.) by plotting graphs displaying doable future dynamics is a cornerstone within the area of economic funding.

Funding exercise within the monetary market is related to an enormous danger of dropping capital and requires the investor, along with deep data within the area of economics and huge expertise in working with finance, additionally sure analytical abilities.

The monetary market could be very unstable and reaching success in investing requires fixed evaluation of the continual stream of knowledge on adjustments within the worth of economic property and the values of macroeconomic indicators.

The event of funding choices aimed toward capital development is unattainable and not using a complete evaluation, which incorporates each a basic evaluation of macroeconomic indicators and a technical evaluation of graphically introduced information.

To investigate information means to investigate them in dynamics to find out patterns and traits so as to develop situations for the event of their future dynamics and plot the values of doable future information on a chart, indicating the associated fee and time ranges of their future fluctuations.

Modeling the longer term dynamics of the worth within the monetary market and the longer term dynamics of the values of macroeconomic indicators inside the framework of the continued complete evaluation is the primary and integral a part of the funding course of. A modeling technique primarily based on chaos principle and fractal geometry is described within the article “When will Dow be Low?” (“Когда Dow станет Low?”) and is proven on the instance of a chart of Dow Jones index values with a time-frame of 1 yr.

__Technical evaluation is chart evaluation.__

We are able to completely say that the worth chart of any monetary asset accommodates, along with details about the dynamics that occurred prior to now, additionally details about the dynamics that can occur sooner or later.

The time collection of a monetary asset transformed right into a chart will be in comparison with written textual content.

If the textual content carries that means in sentences consisting of phrases, which include letters, then the graph carries that means in fractal constructions, which include fractals.

A fractal is just like a letter and, on this case, it may be stated that simply as phrases are fashioned from letters, and sentences are fashioned from phrases, so fractals type fractal constructions of small orders (phrases), from which, in flip, fractal constructions of upper orders are fashioned (sentences). ).

The letters which have change into in a sure sequence type phrases, a sure sequence of which types meanings. Subsequently, one who is aware of the alphabet and understands the that means of phrases is ready to perceive and consider the knowledge reaching him from outdoors in a language he understands.

If the knowledge is introduced in an unfamiliar language, then its understanding and comprehension requires the research of this unknown mode of communication. Data of an enormous variety of languages opens up enormous alternatives for communication and understanding of what’s taking place round. Nevertheless, the mere reality of realizing numerous fashionable languages doesn’t imply the flexibility to right away learn and perceive neither historic manuscripts, nor even cipher texts.

For the uninformed, the graph of the dynamics of the worth of currencies, shares, treasured metals, uncooked supplies and different monetary property will be in contrast with an “encrypted monetary manuscript”, which will be learn and understood solely with the suitable abilities.

The monetary market is a non-linear dynamic additive-synergetic system (NDASS) and the pricing mechanism within the monetary market is nothing greater than a mechanism for the formation of fractal constructions on the charts of economic property, that are non-linear dynamic programs.

Data of the mechanism of formation of fractal constructions permits, by extrapolating information on previous dynamics, to mannequin the longer term dynamics of the worth of completely any monetary asset and completely any macroeconomic indicator.

It may be stated that simply as after studying the textual content its that means turns into clear, so after decomposing the graph into fractal constructions, its future dynamics turns into clear.

A phrase consists of a mix of letters and conveys that means, however not any mixture of letters can be a phrase and carry that means. The identical is true with fractals – not each mixture of fractals that type a fractal construction will make sense.

__Price is a operate of time.__

Primarily based on the truth that the monetary market is a non-linear dynamic system, the graph of adjustments within the worth of a monetary asset over time will be thought-about as a graph of the operate N, which is an operator that units the correspondence between the set of values P and the set of values T:

P is the worth of a monetary asset;

Bearing in mind the truth that it is a graph of a non-linear operate that describes the dynamics of a non-linear dynamic system, we will say that this graph is an attractor, the construction of which is fashioned by dynamic fractals.

By fractal we imply the only attractor of oscillatory movement, consisting of three segments, of which one (2nd phase) is directed in the wrong way to the opposite two (1st and third segments).

Graphically, the overall view of the attractor of the operator N will be represented by a primary fractal.

__Definition of a primary fractal.__

We are going to name the essential fractal-attractor, by which the values of the associated fee and time intervals of the first and third segments are equal, and the values of the associated fee and time intervals of the 2nd phase are decided by the golden ratio (golden part) to the values of the associated fee and time intervals of the first phase:

1. The third phase is the same as the first phase each by way of time and worth (α=β):

2. The 2nd phase correlates with the first phase each by way of worth and time with a Fibonacci coefficient equal to 0.618:

P2 / P1 = 0.618, T2 / T1 = 0.618.

Fractals are divided into views and kinds relying on the dimensions of the associated fee and time intervals of their segments.

In response to the self-similarity property, fractals of a decrease order type fractals of a better order, respectively, fractals of a better order include fractals of a decrease order.

Any fractal, along with the associated fee and time values of the intervals, has the next traits that describe it:

1. The order of a fractal, which signifies which phase it’s in relation to fractals of a better order and which segments of fractals of a decrease order it’s fashioned by itself.

__The fractal construction__is the interconnection of fractals of varied orders, views, sorts amongst themselves.

For instance, the fractal construction of the essential attractor, consisting of fractals of the fifth order, will appear like this.

__The true market dynamics of the worth of any monetary asset is described by the operator N.__

The fundamental fractal is likely one of the many fractals that type the fractal construction of the worth dynamics graphs, that are attractors.

To explain the fractal construction of an attractor means to explain the kinds and kinds of fractals of its elements, their sequence and site in relation to one another.

The fractal construction of the attractor is each so complicated and so easy that it’s unattainable to say what’s extra on the chart of quotations of economic property – chaos or order.

__The order is known as a accomplished fractal__, that’s, a fractal by which all three of its segments are fashioned – the first, 2nd and third. The completion of the third phase signifies the completion of the whole fractal, since that is preceded by the successive completion of the first and 2nd segments.

__Chaos on this case is the method of fractal formation.__

We are able to say that order is discrete and chaos is steady. The tip of the third phase of 1 fractal is changed by the start of the first phase of one other fractal of the identical order or greater.

Bearing in mind the truth that fractals of a smaller order type fractals of a better order, we will say that chaos and order are inseparable.

There’s order in chaos and there may be chaos so as. Chaos and order permeate one another and exist one within the different.

The dynamics of worth within the monetary market will be characterised as each chaotic and ordered. However chaos itself is nothing however the order of the best stage, as a result of nothing chaotic occurs, for the reason that graph of this dynamics is an attractor of a dynamic fractal outlined by the operator N.

Every fractal in a fractal construction is the primary, second, or third phase of one other fractal that has a better order.

An correct description of the placement of fractals in a fractal construction requires their designation, the task of sure numbers to fractals, which makes it doable to unambiguously perceive which segments the fractals are and what their order is in relation to different fractals.

A fractal whose quantity consists of 1 digit is a fractal of the first order, which is the best.

A fractal whose quantity consists of two digits is a fractal of the 2nd order, of three – of the third order, of 4 – of the 4th, and many others.

Fractals of the 4th order make fractals of the third order, which in flip make up the fractals of the 2nd order, and people already make up the fractals of the best 1st order.

The fractal of the best 1st order has the number one, 2 or 3 in accordance with which phase it’s – the primary, second or third. A 1st order fractal consists of segments which are 2nd order fractals.

The fractal with #1 consists of segments with numbers: 11 (1st phase), 12 (2nd phase) and 13 (third phase).

The fractal with quantity 2 consists of segments with numbers: 21 (1st phase), 22 (2nd phase) and 23 (third phase).

The fractal with quantity 3 consists of segments with numbers: 31 (1st phase), 32 (2nd phase) and 33 (third phase).

Fractals have the identical order if they’re both segments of 1 fractal that makes it up, or are segments of different fractals, which in flip are segments of one other fractal.

A fractal has one order of magnitude lower than one other fractal whether it is its phase.

A fractal has one order of magnitude greater than one other fractal if that different fractal is its phase.

A fractal marked with a quantity is sort of a level marked with coordinates, which is simple to search out within the corresponding coordinate system. In our case, the coordinate system is a fractal construction.

So, for instance, if the fractal coordinates are quantity 123, then which means this fractal is the third phase of the 2nd order fractal with quantity 12, which in flip is the 2nd phase of the first order fractal with #1.

The dynamics of the worth within the monetary market is an alternation of uptrends and downtrends with the formation of factors of native and world extremums on the charts.

From the perspective of the fractal construction of charts, excessive factors (factors the place traits change) are factors at which some fractal segments full their formation and others start to type.

The native extremum factors on the chart are the factors the place the primary segments of fractals finish and the second segments start, and the second fractal segments finish and the third segments start.

The worldwide extremum factors on the chart are the factors the place the third fractal segments finish and the primary segments start.

Views and kinds of fractals.

The fractal has three segments – the primary, second and third. The second phase of the fractal is at all times directed in the wrong way to the primary and third segments.

Along with the order, which additionally signifies the phase quantity, every phase of the fractal has two traits (two parameters) – that is the worth P (price interval) and time T (time interval).

P is a worth attribute that exhibits the size of the projection of the fractal phase on the worth axis, thereby indicating the worth interval by which the phase was fashioned.

T is a time attribute displaying the size of the projection of the fractal phase on the time axis, thereby indicating the time interval that was required to type the phase.

A fractal consisting of three segments has six traits – these are P1, P2, P3, T1, T2, T3:

• Р1 and Т1 – worth and time intervals of the first phase;

• Р2 and Т2 – worth and time intervals of the 2nd phase;

• Р3 and Т3 – worth and time intervals of the third phase.

The primary fractal is the essential fractal, the associated fee and time parameters of the segments of which correlate with one another within the following proportions:

1st proportion: P1 P3 = T1/T3 = 1;

2nd proportion: P2/P1 = T2/T1 = 0.618.

By altering the values of the parameters of the essential fractal utilizing the golden part, utilizing the Fibonacci coefficients, we get a sure set of fractals, which will be labeled by views and kinds.

From the ratio of the associated fee parameters of the first and third segments, three views of fractals will be distinguished.

View No. 1 – these are fractals, by which the worth interval of the third phase is larger than the worth interval of the primary phase: Р1 < Р3;

View No. 2 – these are fractals, by which the worth interval of the third phase is the same as the worth interval of the primary phase: Р1 = Р3;

View No. 3 are fractals by which the worth interval of the third phase is lower than the worth interval of the primary phase: Р1 > Р3.

Concerning every kind of fractals, we will say that the 2nd view of fractals characterizes regular dynamics, the first view of fractals characterizes dynamics with acceleration, and the third view of fractals characterizes dynamics with deceleration.

From the ratios of the associated fee and time parameters of the first, 2nd and third segments, 5 kinds of fractals in every view will be distinguished amongst themselves.

Three views and 5 sorts give 15 fractals, together with the essential one.

Fractals of the first view are designated by numbers: 11, 12, 13, 14, 15.

Fractals of the 2nd view are designated by numbers: 21, 22, 23, 24, 25.

Fractals of the third view are designated by numbers: 31, 32, 33, 34, 35.

The primary digit within the quantity signifies the view of fractal – 1st, 2nd or third, and the second digit within the quantity signifies the kind of fractal – 1st, 2nd, third, 4th or fifth.

__Fractals of the first view have the next 5 sorts:__

__Fractals of the 2nd view have the next 5 sorts:__

__Fractals of the third view have the next 5 sorts:__

__The Alphabet of Niro Attractors.__

From 15 fractals, you can also make a form of alphabet of 15 letters.

For instance, as in Morse code, combos of two symbols – dots and dashes, you’ll be able to write any textual content, and within the alphabet of attractors Niro, combos of 15 fractals can describe any fractal construction FS of any underlying asset BA.

On image 8 exhibits the Alphabet of Niro attractors with constructive fractals, that’s, upwards.

On image 9 exhibits the Alphabet of Niro attractors with unfavourable fractals, that’s, having a downward course.

On image 10 exhibits the fractal numbers in Niro’s Alphabet of Attractors.

For instance, the fractal construction FS of the chart of the underlying asset BA with the designation:

FS[BA] → 21 ≡ {22,23,22}

says that it’s a fractal-attractor No. 21 (2nd view of 1st kind), which has:

• the primary phase is a fractal No. 22 (of the 2nd view of the 2nd kind),

• the second phase is fractal No. 23 (2nd view of third kind) and

• the third phase is fractal No. 22 (2nd view of 2nd kind).

The essence of the associated fee dynamics modeling technique is to establish the fractal construction of the chart of a monetary asset and its description utilizing attractors from the Niro alphabet.

The method of formation of the fractal construction of the attractor by dynamic fractals is cyclical, and subsequently predictable, i.e. it’s doable to simulate the longer term dynamics of quotations of any monetary devices.

Within the graphs of the dynamics of worth within the monetary market, there’s a cycle, which consists within the formation of a fractal and is expressed in:

1) Formation of the first phase of the fractal;

2) Formation of the 2nd phase of the fractal, directed in the wrong way to the first;

3) Formation of the third phase of the fractal, which has the identical course as the first.

After the completion of this cycle, precisely the identical cycle begins, however in the wrong way. All these actions proceed indefinitely – the primary phase is at all times adopted by the second phase, the second phase is at all times adopted by the third phase, and the third phase is at all times adopted by the primary phase.

The cyclical nature of the method of formation of fractals and fractal construction in accordance with a sure order offers an understanding of which phase of the fractal and by which course can be fashioned after the formation of the present phase is accomplished.

At any second in time, the dynamics of the worth of any monetary asset is within the formation of one of many three segments of the fractal – the primary, second or third. After the primary phase of the fractal, the second phase of the identical fractal is at all times fashioned, after which the third phase of the identical fractal is at all times fashioned, after which the primary phase begins to type once more, however of one other fractal, which has both the identical order or a bigger one, and which is essentially directed in the wrong way the earlier fractal.

Extremum factors on the chart are the factors at which both the primary segments finish and the second ones start, or the second segments finish and the third ones start, or the third segments finish and the primary ones start. Excessive factors decide the boundaries of the associated fee and time intervals of fractals within the fractal constructions of attractors.

The proportions between the values of the associated fee and time intervals of the segments make it doable to find out:

• which segments they’re – first, second or third,

• what sorts and kinds of fractals these segments type, and

• what’s the order of the fashioned fractals within the fractal construction in relation to one another.

The tactic of modeling the dynamics of quotations of economic devices relies on figuring out what the present phase of the fractal is – the primary, second or third, so as to decide which phase of the fractal would be the subsequent after the present one.

The Alphabet of Attractors Niro accommodates 15 fractals-attractors, to which the graph of the dynamics of the worth of any monetary asset will have a tendency.

Modeling the longer term dynamics of worth begins with the evaluation of the primary fractal construction, consisting of fractals of the best order, that’s, with the evaluation of charts constructed on annual time frames. As a part of the evaluation of the primary fractal construction, it’s decided to which of the 15 kinds of attractors the graph of the dynamics of the worth of a monetary asset belongs.

Having recognized the attractor of the primary fractal construction, it’s doable to make not solely long-term forecasts of the worth dynamics, but in addition medium-term and short-term forecasts, as a result of the formation of fractal constructions, consisting of fractals with an order decrease than the best, will happen in strict accordance and submission to the primary fractal construction.

Thus, so as to perceive the chart and clearly see the longer term dynamics of the monetary market, it’s essential to know the Alphabet of Niro attractors and be capable to use it to learn and describe the fractal constructions of the charts of economic devices traded on the forex, inventory, commodity markets.

The Alphabet of Niro eliminates any uncertainty from the dynamics of the monetary market and makes the sample within the dynamics of the worth of economic property clear and apparent.

Let’s check out learn how to use the Niro Alphabet of Attractors to learn the Dow Jones Index chart and perceive the longer term dynamics of the US inventory market.

It’s vital to begin the evaluation of the worldwide fractal construction by plotting the Dow Jones index with an annual time-frame.

As of early July 2021, the index chart seems like this:

On the time interval from 2014 to 2021, a fifth order fractal F13331 was fashioned within the fractal construction of the Dow Jones index chart (Pic. 14), which implies that the longer term dynamics of the index values can be downward as a part of the formation of a fractal directed in direction of it in the wrong way.

Bearing in mind the rising native fractal construction, it may be assumed that inside the time interval (1978, 2035), the next 4 fractals will full their formation concurrently in 2035: F1333, F133, F13, F1.

1. F1333 fractal (Pic. 15) is a 4th order fractal, consists of segments: F13331, F13332, F13333, that are fifth order fractals and will be Fractal No. 23 from the Niro alphabet:

Predicted time interval T1333 – (2014, 2035).

Predicted price interval P1333 = 19750.86.

2. Fractal F133 (Pic. 16) is a third order fractal, consists of segments: F1331, F1332, F1333, that are 4th order fractals and will be Fractal No. 11 from the Niro alphabet:

F133 ≡ F11 → FS {13, MS, 23}.

Predicted time interval T133 – (2001, 2035).

Predicted price interval P133 = 27164.66.

3. Fractal F13 (Pic. 17) is a 2nd order fractal, consists of segments: F131, F132, F133, that are third order fractals and will be Fractal No. 11 from the Niro alphabet:

F13 ≡ F11 → FS {11, MS, 11}.

Predicted time interval T13 – (1978, 2035).

Predicted price interval P13 = 34354.76.

4. The fractal F1 (Pic. 18) is a fractal of the best 1st order, consists of segments: F11, F12, F13, that are fractals of the 2nd order and will be Fractal No. 11 from the Niro alphabet:

F1 ≡ F11 → FS {13, 23, 11}.

Predicted time interval T1 – (1896, 2035).

Predicted price interval P1 = 35062.90.

The fifth order fractal F13331 started to type in October 2014 and accomplished in Could 2021. F13331 is the first phase of the 4th order fractal F1333, after which the fractal F13332, which is the 2nd phase of the F1333 fractal, will start to type, after which the fractal F13333, which is the third phase of the F1333 fractal.

The 2nd phase F13332 of the F1333 fractal, having began to type in Could 2021, might full its formation in 2028. As a part of the formation of the F13332 fractal, the values of the Dow Jones index might drop to 16,000 factors by 2028.

The third phase F13333 of the F1333 fractal might type within the time interval from 2028 to 2035. As a part of the formation of the F13333 fractal, the Dow Jones index might once more rise from 16,000 factors to 36,000 factors.

F13333, F1333, F133, F13 fractals are the third segments of fractals, by which the order of every subsequent fractal is greater than the earlier one after the other.

With the completion of the fifth order fractal F13333, the 4th order fractal F1333 and the third order fractal F133 and the 2nd order fractal F13 and the best 1st order fractal F1 can be accomplished concurrently.

Fractal of the 2nd order F11 is the first phase of the fractal of the best 1st order F1. F11 was fashioned within the time interval from 1896 to 1973.

The 2nd order fractal F12 is the 2nd phase of the best 1st order fractal F1. F12 was fashioned within the time interval from 1973 to 1978.

The 2nd order fractal F13 is the third phase of the best 1st order fractal F1. F13 will type within the time interval from 1976 to 2035.

Thus, the attractor of the fractal construction FS {13, 23, 11} of the Dow Jones index chart is the F11 fractal – fractal No. 11 from the Niro alphabet, which is of the first kind and belongs to the first kind.

The completion of the F13 fractal in 2035 will full the F1 fractal. Thus, the cycle of development within the Dow Jones index that started in 1896 will come to an finish.

In 2035, the US inventory market will start a world downtrend. The autumn in US inventory costs could also be so sturdy that the worth of the Dow Jones index will drop to the extent of 2700 factors (Pic. 19). This lower will happen inside the framework of the formation of a fractal of the best order F2, which is the second phase within the world fractal construction.

Omitting complexity and talking extra merely, the fractal construction of the Dow Jones index is within the means of forming a fractal, which is indicated on the chart in purple (Pic. 20).

The first phase of the purple fractal is a fractal one order of magnitude decrease, which is marked in blue on the chart.

The third phase of the purple fractal is the fractal, one order of magnitude decrease, which is marked in inexperienced on the chart.

The upcoming dynamics of the index will initially be downward as a part of the formation of the 2nd phase of the fractal, which is indicated in inexperienced, after which upward as a part of the formation of the third phase of this inexperienced fractal.

If we take into account the dynamics of the Dow Jones index on charts with smaller fractal constructions, then the dynamics displayed on them will happen in strict accordance and submission to the worldwide fractal construction.

On image 21 exhibits a chart of the Dow Jones index, constructed with a time-frame of 1 month. The markup of the fractal construction of the chart corresponds to the utilized fractal markup on the chart with a time-frame of 1 yr in image 20.

On image 22 exhibits a graph of the Dow Jones index, constructed with a time-frame of 1 month, with a fractal markup utilized, displaying the upcoming downward dynamics of the index within the course of the 2nd phase of the fractal, which is marked in inexperienced on the chart.

The first phase of the inexperienced fractal is indicated on the chart in olive colour, the first phase of which is indicated by an orange fractal, and the third phase by a darkish brown fractal.

On image 22, the sunshine brown fractal is the first phase of the orange fractal, and the blue fractal is the first phase of the darkish brown fractal.

On image 23 exhibits the start of a downtrend on a chart of the Dow Jones index, which is constructed with a time-frame of 1 week.

The chart exhibits the third phase of the olive fractal, which is a fractal one order of magnitude decrease, which is indicated on the chart in darkish brown.

The first phase of the darkish brown fractal is indicated on the chart by a blue fractal.

The 2nd phase of the darkish brown fractal is indicated on the chart by a pale purple fractal.

The third phase of the darkish brown fractal is indicated on the chart by a pink fractal.

Bearing in mind such a fractal construction of the chart, the upcoming dynamics of the Dow Jones index will proceed inside the framework of the formation of a fractal in the wrong way to the fractal indicated in pink.

The lower within the values of the Dow Jones index will happen as a part of the formation of a fractal, which is indicated in purple on the chart.

As of 01/17/2022, each the first and 2nd segments of the purple fractal have already been fashioned.

The probably state of affairs for the completion of the third phase of the purple fractal can be a lower within the Dow Jones index within the vary of 26,000-30,000 factors.

On image 24 exhibits the construction of the pink fractal, which is the third phase of the upper order fractal, indicated in darkish brown.

The first phase of the pink fractal is indicated on the chart by a darkish grey fractal.

The third phase of the pink fractal is indicated on the chart by a light-weight purple fractal.

In the wrong way to the pink fractal, a purple fractal is fashioned, the first phase of which is indicated on the chart by an orange fractal.

On image 25 exhibits the fractal construction of the Dow Jones index chart, constructed with a time-frame of 1 day.

This graph exhibits the fractal construction of the already accomplished 1st and 2nd segments of the purple fractal on an enlarged scale.

The first phase of the purple fractal is indicated on the chart by the orange fractal.

The 2nd phase of the purple fractal is indicated on the chart by the inexperienced fractal.

The third phase of the purple fractal has simply begun to type its fractal construction, which already contains the fractal that’s being fashioned on the chart, indicated in pink.

On image 26 exhibits the high quality fractal construction of the Dow Jones index chart, constructed with a time-frame of 1 hour.

This graph exhibits fractals of small orders that make up the 2nd phase of the purple fractal, indicated on the graph by a inexperienced fractal.

The first phase of the inexperienced fractal is indicated by a light-weight purple fractal, which has a pale purple fractal as its third phase.

The 2nd phase of the inexperienced fractal is indicated by a fractal, the segments of that are numbered in grey.

The third phase of the inexperienced fractal is indicated by a darkish purple fractal, which has a pale pink fractal as its third phase.

The dynamics of the values of the Dow Jones index as of 01/17/2022 proceeds as a part of the formation of a fractal, which is indicated in pink on the chart.

The first phase of the pink fractal is indicated by a fractal, the segments of that are numbered in darkish brown.

The 2nd phase of the pink fractal is indicated by a fractal, the segments of that are numbered in gentle brown.

The third phase of the pink fractal continues to be being fashioned.

Thus, studying with the assistance of the Alphabet of Niro Attractors from the smallest to the most important orders of fractal constructions of the graph of the dynamics of the Dow Jones index values offers an understanding of which fractal constructions have fashioned, which fractal constructions are being fashioned and which fractal constructions can be fashioned.

Data of the Alphabet of Niro Attractors and the flexibility to learn charts of the dynamics of the worth of the monetary market offers an understanding of the doable future dynamics of the worth of the brief, medium and long run.

The Niro modeling technique, primarily based on chaos principle and fractal geometry, is a strong technical evaluation device that permits you to successfully handle market danger and profitably spend money on the monetary market.