Morning Audibles 7.29.10 - Within & Without

OK so I "apologize" in advance for CV's constant harping about this stupid EXPANDING WEDGE...


Notwithstanding... SURVIVOR CAPITAL is... FROM TIME TO TIME... when it's not a JUKEBOX... supposed to be a blog that expends more electrons discussing trading strategies instead of trying to colloquialize campfire messages while singing KUMBAYA and eating smores... 


Last time I checked, the "kumbaya/smores" behavior was the prime directive of a girl scout troop (CV admits to liking their cookies though)...


Back to the aforementioned WEDGE... OK... I'm going to sport a few images of it... WITHIN & WITHOUT... But first, a little musical accompaniment...




WITHIN YOU WITHOUT YOU

WITH OR WITHOUT YOU

As for the CHARTS... Here's the WITHIN... Y'all saw some of this yesterday...


This is CV's "incessant & idiotic" harping about the WEDGE from 1065 (flash crash low)...

A somewhat wider view (with future extension hypothesis)...

Now HERE is where CV's EXPANDING WEDGE starts to look ridiculous... But hold tight...What would happen if one drew those diagonals all the way back to the FEB '10 lows)?... And why?... The HAMMER candle on 2/5/10, closed at 1066... Nit-pickers... TAKE YOUR SHOT RIGHT HERE... 

Eh CV... Who cares about FEB '10? Let's extend those (1065) diagonals all the way back to '07... So that we can REALLY PROVE what a clown you are...

I know... You're a SERIOUS money manager... Give me something USEFUL for crying out loud... I WANT DOW THEORY dammit!... I'll stand for NOTHING LESS... Show me the $TRAN... Now!... CONFIRMATION BITCHEZ!

Well that doesn't tell me anything... I need a LONGER term view... Screw the WITHIN... Show me the WITHOUT! (Note: selected LEVELS of $TRAN in this chart were congruent with the dates of 1065 levels... Granted, it seems a little "messier", but not if you APPLY the $TRAN levels to RSI)

Good luck with your trades... NOW & FOREVER... Bitchez :-)

210 comments:

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McFearless said...

C,

I usually go twilight on public courses b/c I'm a real tight ass about money. The course I play on most is only $50 w/cart after 3 pm.

it's not the greatest course but it's good to practice on and hardly anyone is ever there

CV said...

@I-Man

I had this little TV with me too...

I was watching the Phillies-Orioles World Series...

McFearless said...

@I,

nice, I think I see what you may have done there. I'm out $4.56 right now on the sso.

72bat said...

oh, a black beauty took me from boston-to-louisville once on a christmas eve day, arriving in time for vesper services; didn't sleep a wink that night and still didn't see santa

I-Man said...

I bet it dumps now, but I'm done.

CV said...

@72

It worked... I'll tell you though, I was driving thru the Mojave Desert in the middle of the night and thought space aliens were chasing me...

arbitrage789 said...

Karen @ 3:36

I’m all in favor of cutting both taxes and spending. But it does seem as though “carried interest” should be charged at the income rate, rather than the cap gains rate.

72bat said...

cv -
probably they were...
or maybe it was just the ginormous jackalopes

CV said...

Gotta roll...

See you all in the corner...

Bruce in Tennessee said...

TEST

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