A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
"So close...yet so far away."
Creditcane™: There is no escape. Don't even bother trying.
SPXBullish harami day. Midpoint below EMA(10). Still failing SMA(144). Failing trend line (3/6/09-7/1/10). Held the 85.4% retrace (1266.79). Failing monthly 3LB mid. No daily 3LB changes (reversal is 1288.00). QE2infinity.
DXYBearish harami day. Midpoint above EMA(10). No test of 0.0% retrace (72.70). Tested and failed SMA(89). Tested and failed its 38.2% retrace (75.99). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.52).
VIXBullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% retrace (22.78). New high on daily 3LB (reversal is 18.26). Finally escaped the "no fear" zone.
GOLDSpinning top day. Midpoint below EMA(10). No test of 0.0% retrace (1577.40). Held SMA(21). Holding above its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.
EURUSDTakuri day (also bullish harami). Midpoint below EMA(10). Tested and held SMA(89). Failing its 76.4% retrace (1.4346). No daily 3LB changes (reversal is 1.4650).
JNKBearish LONG day. Midpoint below EMA(10). Failing all SMA's. Made a new 0.0% retrace (38.59). Tested and failed its 14.6% retrace (38.93). Failing trend line (2/5/10-2/12/10). New low on daily 3LB (reversal is 39.88).
10YR YIELDInverted hammer day. Failing all SMA's. Midpoint below EMA(10). Made a new 0.0% retrace (28.93). Still below the upper trend line. Daily 3LB reversal down (reversal is 30.99).
WTIHoming pigeon day. Tested and failed SMA(233). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Tested and failed its 76.4% retrace (95.05). No dally 3LB changes (reversal is 97.70).
SILVERSpinning top day. Failing SMA(89), SMA(55) & SMA(21). Midpoint below EMA(10). Still below the upper trend line. Held its 61.8% retrace (35.28). No daily 3LB changes (reversal is 38.30). "You want delivery! You can't handle the delivery!"
BKXBullish thrusting day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 76.4% retrace (47.07). No daily 3LB changes (reversal is 47.69).
HYG/LQDBearish long day. Made a new 0.0% retrace (0.7899). Below all SMA's. Midpoint below EMA(10). New low on daily 3LB (reversal is 0.8092).
CRBSpinning top day. Midpoint below EMA(10). Tested and failed its 14.6% retrace (338.44). New low on daily 3LB (reversal is 350.84). Still below monthly 3LB reversal price.
EEMSpinning top day (possible morning star). Midpoint below EMA(10). Failing all SMA's. Tested and held its 76.4% retrace (45.71). New low on daily 3LB (reversal is 48.53).
WORLD WIDE PREMIERE JULY 1, 2011
44 comments:
RIMM after hours
oops.
ben22
RIMM just got RIMM'd.
LB
Is this what had the credit markets bugging out?
http://www.zerohedge.com/article/hy-etf-flash-crash-prevented-last-minute-3-pm-market-ramp
Laughed MFAO:
World's First Virtual Heist? BitCoin User Loses $500,000
http://www.pcworld.com/article/230377/worlds_first_virtual_heist_bitcoin_user_loses_500000.html
Now I have a very clear idea of how it works.
this, from other Thread..
I'm guessing I'll need to keep my BITCOIN in a "farraday cage" under the mattress (you know - for a rainy day)...
June 16, 2011 2:31 PM
by cv--
is flippin' hilarious..
AAIP
@AAIP (other thread)
I'm guessing those avacado thieves "fenced" the fruit on bitcoin and are rolling in the profits as we speak...
http://news.yahoo.com/s/afp/20110616/wl_uk_afp/britainfinanceeconomybankingosborne_10
Osborne backs retail bank ring-fencing
by Roland Jackson Roland Jackson – Thu Jun 16, 3:58 am ET
LONDON (AFP) – Chancellor of the Exchequer George Osborne has announced a major overhaul of Britain's banks, approving a separation of their retail and investment businesses to help avoid another global financial crisis.
In a high-profile address to finance leaders in central London, Osborne also announced that Northern Rock would be privatised three years after it was nationalised to save it from collapse as the global financial crisis hit.
Osborne backed the findings of the government-appointed Independent Commission on Banking (ICB) which earlier this year called for a "ring-fencing" of retail businesses.
"Today I have told the Commission that the government endorses both these proposals in principle... We will make these changes to banking to protect taxpayers in the future," he said.
He's bringing back Glass=Steagall. Expect emergency calls from US banks to Congress.
July 1, 2011 is a Friday. "The New Black Friday"
SPX had to move higher as the SMA(200) was 1257.90 and the monthly 3LB reversal is 1257.64.
"Danger Will Robinson! Danger!"
@ben
Man... I don't know... After a couple of years now, you must know that half of the things I say I'm either just trying to get a 'rise' or 'laugh' out of, but the other half is 'there's TRUTH in jest'...
It's up to the reader to decide...
But here...
it probably reveals a wee bit of bias when someone trashes something that they've not even attempted to understand right?
True - when taken as a singular statement - but as always, to me, it's an issue of PRACTICE (Allen Iverson)... NOT THE GAME!...
IOW - Bitcoin, to me, is so swiss cheese full of OPERATIONAL holes to me, to render it not worth even investing time to understand...
That's why I used the 'corn based ethanol' & 'chevy volt' examples... It took me 3 seconds of considering either to figure out that NEITHER were solutions... It's taking the 'cained peeps' longer to figure that out (in fact - I think today there was a Senate vote which effectively ENDED the govt subsidies for corn based ethanol)... May it RIP... But 3 years ago (when the libs were heralding it as the answer to all our problems - & I was saying pfffffffttttt - well - guess what? I stopped getting invited to the little 'parties' & 'cotillions' because OBVIOUSLY CV didn't 'get it'... The fact that I told them all that Obama was AT BEST 'an empty suit', didn't really go over that well either)...
Perhaps saying the following doesn't SUIT the methods of others... But... 'CV doesn't require mountains of viability studies to make decisions (ESPECIALLY for things that are either hypothetical, or have ZERO basis in the natural world)'... I'd prefer to look to the bees & ants for inspiration on how to REALLY organize things...
Also, just for shits, a mountain of gold in the middle of nowhere, like the desert, isn't any more valuable than bitcoin would be to you if you didn't have a connection, the sand mounds aren't going to trade you for nickles or a bar of gold in the desert, they are worthless there in the situation you are trying to describe.
Water would probably be the currency of choice in that instance, maybe a camel.
Agree 100%... But we're talking about 2 different things now, aren't we?
One is SURVIVAL... The other is CAPITAL...
Most of you know that CV has the H2O & CAMEL part down pat... In fact... That was the first part of the operation...
So I'll toss it right back... ANYONE who is presently 'positioning' themselves towards bitcoin (without first having: land, a well, food, seeds, implements, conduits, containers, humidity & temperature control units, first aid, weapons, ammo)... Is basically a dickwad...
I hardly think it's so hard to believe in the next 60 years the entire world is going to be on-line, though, doesn't seem to be a far fetched idea to me.
I'm sure anyone that had claimed that you could take a ride into space for a price say 20 years ago was labled a total monkey
but here we are
JetPaks, bitchez
HaHaHaHaHaHaHaHaHaHaHaHa...
Answer me something... In your generation (in your lifetime)... How many HUMAN footprints have been pressed onto the lunar surface???
Answer coming in 5...4...3...2...
The simple answer is "2 LESS than the number of space shuttle explosions"...
Yeah... I guess you're right... HERE WE ARE... (Emphasis on the HERE)...
As for JET(packs)... What was that anyway? James Bond (You Only Live Twice)?... Was that something like 1963/64 (about the same time JFK was getting shot through the head by Lee Harvey Oswald [who was singularly so pissed about the idea of Presidential Order 11110] he climbed up a book depository?...
I still remember the JET(sons) from the 60's...
All Jane Jetson had to do was push a button and dinner came down a conveyor belt... As a young lad, I figured that THAT was how it was gonna be...
What could have POSSIBLY gone wrong?
@Amen (6:49)
I saw that...
No 'alarmist' beels have started ringing in CV's head as of yet...
But...
Things are getting more interesting...
Peering thru the NOISE????
I don't care what daily BUCKY candles look like...
Bucky is 'doomed' in the end... The only thing to decide is the timeline...
@Amen (7:10)
Again... I don't want to sound 'alarmist'...
Disclosure: CV has NOTHING at stake in these paper markets at present... I'm just 'rappin' here...
But I wouldn't be surprised at all to see a 1987 style wicked wipeout take place around here...
There used to be a day where I thought I'd want to be the clever dude who made a fortune in the process...
Not now... These days I'd prefer to watch the other combatants from my box seat...
Reading that Bitcoin heist article...
The part that was interesting to me was that two U.S. Senators want to shut the whole thing down.
I like that...it means the Bitcoin 'thing' is rubbing the powers that be the wrong way.
Venezuelan deteriorating even with stronger oil prices...shocker.
http://www.businessinsider.com/the-venezuelan-paradox-ultimate-proof-that-hugo-chavezism-has-failed-2011-6
It turns out that when you plunder and nationalize your main business in order "redistribute" the wealth to the poor, there tends to be a negative feedback loop.
Another economic "shocker" there....
Another decade of progressive/socialist policies should have Venezuela looking even more awesome. The sad thing is that Venezuelans are great people--they deserve better. I wonder if it's going to turn into another "Cuba" deal where a strongman can just keep a country in the shitter for a lot longer than anyone could forecast.
If oil prices ever go back to sub-60 and stay there, it should be "lights out" for Hugo.
CV,
ok....here goes:
1. I'm going to go not so far out on a limb and guess that the extent of your looking into bitcoin, in total, is whatever time you spent discussing it here yesterday combined with however long it took you to read the few bullet points today. Correct me if I'm wrong.
In that time, I highly doubt you figured out all the operational issues of the business but perhaps you cracked the code. If you can figure out the viability of any future currency in under 20 minutes, you have a far greater mind than me. Props to you.
I'm not saying bitcoin is the shit, but at minimum I'd like to learn a little bit more about it before I write it off.
2. As for "survival" or "capital" no,.... I thought I was talking about what you seemed to be. How? Well, I don't think a lot of dollars are currently floating around the sahara or siberia being used a means to function financially, in fact people that solely dwell in those areas probably don't care much about money at all nor would they really give a rats ass about bitcoin, so if you find my comments not to match when I bring up needing water in those places then your comments that they can't use bitcoin without an internet connection are just as irrelevant from where I'm sitting. Indeed I'll state again your bias is on full display as you once again tell us who all the dickwads are (everyone that doesn't share your view basically), because in the end it really IS all about survival, you just said so.
3. As for your second post at 7:28, it would seem you and I have "hashed this out" oh....about 20 times in the last 30 days, you have a problem with trend extrapolation. I do it all the time too. We haven't walked on the moon recently, we won't walk on the moon again. Besides, trying to change direction and bringing up how many times we've been back to the moon is sort of funny to me. In my lifetime, way after the moonwalk, a space-station seems to have been built that people live and work on for extended periods of time, we landed a rover on Mars, we've figured out ways to send satellites around the sun and on and on and on, walking on the moon probably seems more important due to the politics of it at the time.
Probably no advancement took place for any of that to occur though, and we aren't living like the Jetsons yet so it's been a total failure right? All that aside, if you want to deny the expansion of the internet in the last 15 years, which was the only point I made, (that the whole world would be on-line in 60 years)....I won't stand in your way, but Al Gores world wide web seems a prettay big deal to me.
Also, I didn't indicate in any comment it would be the US that brought the rest of the world on line, I hardly see us as the power we are today in 60 years. Last on this one, it's funny you bring up tv shows, facts are, many scientists got their ideas from Star Trek. My generation had the Matrix, so if you want to play that game, surely by the time I'm 80 if I'm so lucky to live that long I'll be flying around in some computer simulation in my cool black trench and kicking some serious ass.
What now!
Anyway, hopefully at min. you and I are entertaining anon here by hashing all this out
and on a more important note, bill simmons has an idea for a reality tv fantasy league that looks sweet, so if there is no football this year we could always set one of those up, I'm way out of the closet on my love for reality tv.
AT,
when I read that Shumer from NY had introduced a bill to squash bitcoin I knew at minimum it must be something worth looking at, when EWI wrote about this in September I hadn't paid much more attention but that got me more interested.
"...In fact... That was the first part of the operation...
So I'll toss it right back... ANYONE who is presently 'positioning' themselves towards bitcoin (without first having: land, a well, food, seeds, implements, conduits, containers, humidity & temperature control units, first aid, weapons, ammo)... Is basically a dickwad..."
has to be the key takeaway..
too, too, many people *think that digits printed on the month-ed/quarter-end Statement are 'Wealth'..
They'd be better off on a Plantation .. O Wait!
AAIP
@Andy T (8:08 - "state" - look it up - Amen would understand)...
it means the Bitcoin 'thing' is rubbing the powers that be the wrong way.
AYE... THERE's THE RUB... (William Shakespeare)
To be, or not to be: that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
And by opposing end them. To die: to sleep;
No more; and by a sleep to say we end
The heart-ache, and the thousand natural shocks
That flesh is heir to, 'tis a consummation
Devoutly to be wish'd. To die, to sleep;
To sleep: perchance to dream: aye, there's the rub;
For in that sleep of death what dreams may come,
When we have shuffled off this mortal coil,
Must give us pause: there's the respect
That makes calamity of so long life;
For who would bear the whips and scorns of time,
The oppressor's wrong, the proud man's contumely,
The pangs of despised love, the law's delay,
The insolence of office, and the spurns
That patient merit of the unworthy takes,
When he himself might his quietus make
With a bare bodkin? who would fardels bear,
To grunt and sweat under a weary life,
But that the dread of something after death,
The undiscover'd country from whose bourn
No traveler returns, puzzles the will,
And makes us rather bear those ills we have
Than fly to others that we know not of?
Thus conscience does make cowards of us all,
And thus the native hue of resolution
Is sicklied o'er with the pale cast of thought,
And enterprises of great pith and moment
With this regard their currents turn awry
And lose the name of action.
"They'd be better off on a Plantation .. O Wait!"
hehe
good one
I thought I told you to get lost stalker?
Andy T said...
"Came across a rather vicious piece of tripe a couple of weeks ago, an article written by the illustrious Amity Shlaes..."
It might be cool, for your readership, to provide a link to the article which is the subject of the thread. Also, it might be interesting to understand, from your point of view, what exactly makes the article a "vicious piece of tripe."
Just offering some worthless and unsolicited editorial advice. Peace. -AT.
It amazes me that not one of you people here has the balls to tell your buddy here to grow up.
I never thought I'd hear myself say this, but I miss Ahab.
I'll go ahead and share this story on RIMM....
I was invited to a big suite at Texas stadium a few years ago. Sony is a big sponsor and my bro-in-law was a high enough marketing manager in the TV division that he would get suites, etc...
I went to a game with him.
The Chairman/President of RIMM was there with a bunch of punk kids (his sons and their friends).
He was this big fat lazy looking guy. He really looked like a "content" sack of shit.
Later I saw him "mugging" in picks with a few Cowboys' Cheerleaders.
Without ever talking to him, but merely observing him, he seemed like a guy I would NOT running any company I owned.
He seemed like a guy "resting" and satisfied with his achievements.
FAIL.
(Disclosure: I do own a Blackberry. It has served me OK but I'm ditching this thing as soon as my "phone plan" expires this year.)
Andy T
you son of a bitch, how dare you write those evil nasty things at Thor's blog. I just cannot believe you. I might not talk to you if you do that again and I'll tell my people to do the same. Bad guy.
bwahahahahahahaha
back to your cubicle now Thor, I told him see.
I owned one Blackberry, hated it.
Getting in iPhone this weekend perhaps, pretty pumped about it truth be told.
Oh, hey, it's "Thor" ....
Hey man. I know that you're sensitive to criticism and harbor various insecurities. I think that was my first comment on your site in several weeks. It WAS really meant as some "friendly" editorial advice.
I think you actually take the critiques to heart and work hard to improve your online presence. Some of your comments at TBP are becoming better thought out and a bit more lucid. So, congratulations to you...I can see that the criticisms in the past have affected you by making you more rigorous with your arguments.
Keep on keeping on....
ben22: I promise to be a much kind and better person in the future...
I PROMISE!
I tried other charting services this week thinking the grass might greener on the other side...but, completely underestimated the "personal cost" of just learning how other "cheaper" programs work. It was a pain in the ass. Easier to just keep what I had.
So, I fired the TradeStation account back up today. Should be good for charts/analysis this father's day.
I can actually RECOMMEND TradeStation compared to a lot of other firms..... i.e. Lind-Waldock SUCKS...BARCHART SUCKS....FutureSource SUCKS.....
1260 is the 1.618 of the move 1370-1318 off 1345.
A nice bounce to 1305 would be a .5 retrace of 1345-1263.
.618 of that 1345-1263 takes us to 1245
1.0 takes us to 1223
1.618 takes us to 1170
2.618 is 1090
Back up to the 1370-1318 and 2.618 off that from 1345 is 1209.
Things that make you go hmmmmm.
What does it suggest about our society that the best selling short story is a mock Bed Time story called "Go the F--k to Sleep."
@ben
Simple answers...
I'm not saying bitcoin is the shit, but at minimum I'd like to learn a little bit more about it before I write it off...
That's for YOU to worry about and figure out (alongside the JETPACKS you plan to utilize in the future that James Bond himself was using to fly himself over the, NOW IRRADIATED, Fukushima
countryside 40 years ago... 10 years before you were even a gleam in jo mama's eye... I'm not really 'stylizing' my existence on it at present (IOW - 'it ain't gonna happen' - trust me)... It's hardly even a curiosity... But that's not stopping anyone else (like the dude that Mel linked today that lost a half a mil) from doing so... GO FOR IT!... Prechter is an
interesting dude... But in some ways, he's kinda a cross between "Mr. Rogers" & "Howdy Doody" on some things...
in the end it really IS all about survival, you just said so...
Ummm... I guess you're right... "It really IS all about survival" (and I DID just say so...)... 100% correct!... Bingo!... Which happens to be the EXACT thought process whereby I come to the VIABILITY or NON-VIABILITY of constructs... When a person has the discipline to think along those lines, the world becomes clear... OTOH, you have 'the Bernank' types who have convinced themselves & others that they have discovered a different & better method... FUCK ME for not signing on the digital dotted line...
Now... I'll jump... if you'll forgive me for not addressing your rebuttals on lunar landings, space stations, or Mars expeditions (which I'm sure Obama, who recently wanted to cut NASA's budget, will be getting to right away as soon as it's clear that a propaganda campaign can be launched on the American taxpayer that their BEST interests will be served if they pay a 110% tax rate to fund European socialist bailouts so that banking cartels don't take a haircut on funding, and then, funnel the CHEESE to see if we can't put a couple of gay poodles on Mars (to study the behavior)...
Hey... Count me IN on that... Who do I write the check out to?
Jetpacks which run on pure re-cycled hash bitchez!
"Getting in iPhone this weekend perhaps, pretty pumped about it truth be told."
Let us know what you think. I have a friend who loves his iPhone, but is actually switching back to a "dumb" phone for the added battery life. I am kind of torn about the whole idea.
@Andy
If oil prices ever go back to sub-60 and stay there, it should be "lights out" for Hugo.
Alas... It won't happen that way...
OPERATION PURPLE NURPLE will cap the 2-3 year UST's at [you nominate - 2-2.5%]...
Steepener bithez!
$200 a barrel by the time OWEBama either gets arsenic poising in his lobster dinner, or they decide to RELEASE THE KRACKEN and PROVE he's not a US citizen... Or... Instead... all is forgotten if he plays along... Otherwise - Count on the next puppet (who plays along) to suddenly rise to fame... Oh wouldn't that be hilarious if it wasn't Sara Palin herself (who doesn't seem to be all that incompatible to Kissinger & Brzezinski at the moment)...
@Matthew
"Getting in iPhone this weekend perhaps, pretty pumped about it truth be told."
Let us know what you think"
For me?
Tomato cans & string bitchez! :-)
AMITY SHALES???
Never heard that name before but it sounds like the name of a porn star to CV...
Maybe worth looking into (for my own sake)...
Thor... I can't see how or why you'd even be mildly interested...
Now INSTEAD... Perhaps here's something worthy of looking into...
http://www.youtube.com/watch?v=gwZAYdHcDtU
BTW...
My (9:47) comment was yet another example of CV just 'funnin' (Colbert like)...
Fact is...
I REALLY think George Michael is in the top 5 of musical artists that I have known in my generation...
The fact that, in that video, he makes a mockery of, what appears to be his persecution, is an EXEMPLARY expression of FREEDOM...
Now... If only other people would behave that way...
@Matthew:
We'll be taking the dive on a few Apple products in the next few months. The iphone4 and ipad2 will be the house soon...going with AT&T as it seems to work better in Houston-ville.
Apple clearly gone mainstream and peaked when late adopters like my family start buying the "expensive stuff."
cv:
I had no idea that Geo. Michael song or video even existed until now.
That's some funny shit there.
Personally, G. Michael never "hit" me at the right age....never liked his music.
Was more into the INXS/U2/Def Leppard/GnR type of music which was going down when I was in Middle and High School.
That said, never really liked any of the "solo" acts of the time at all....M.Jackson, Madonna, etc...
"mcHAPPY said...
1260 is the 1.618 of the move 1370-1318 off 1345."
Waves of the same degree that move in the same direction are OFTEN related by the Fibbo.
@Andy
You bad, bad boy. And now that I've got that off my chest...let me check the size of my junk.
I've been watching Treme for no other reason than the grooves...which have been great lately...although plot, narrative etc. have been a bit of a wash...so to speak.
Andy T
I remember buying the tape of "Joshua's Tree" in college. Blasting that and "Band of Gypsys" with some Tequila and some 420.
Not sure if you guys know but there'll be a new iPhone most likely in September if you can wait that long. Usually June/July was the typical launch time but they've moved it to the fall for a number of reasons....
lost my ancient clamshell a month or so ago and only occasionally realize i don't have cell anymore. guess i ought to cancel with cincibell but harbor the idea that i might just get a replacement someday and wouldn't be able to get back my current base rate of $13/month.
can't imagine what i'd do with an iphone, blackberry or whatzit.
Post a Comment