This is how the market continues to rise on horrendous economic data:
Rough Rice (weekly info)WEEKLY REVERSAL new high 16.98
trend=no
direction=up (1 bar)
high= 16.98
rev= 13.16; mid= 15.07
This is where the problems overseas will have the catalyst they have been looking for. After last weeks move there are many who may have to switch to something else (aka Chained CPI). it's above all SMA's. It's still testing its 61.8% minor retrace (16.92) this week. So far the candle this week indicates continuation.
38 comments:
GATLINBURG, Tenn. (WVLT)-- The number of visitors at the Great Smoky Mountains National Park dropped in June. The park saw 238,000 fewer people compared to last year, and no one seems to be able to point out why.
Sid Maples, the General Manager of Sydney James Mountain Lodge in Gatlinburg, said he thinks it's partially due to the sluggish economy and the storms that hit the region.
"All these things have an impact," Maples said. "Anytime they're visitation is down that impacts us here."
It's free to visit the Smoky Mountains, for the most part. But for families like the Scott's who are visiting from Michigan it can get costly.
"We've been saving up most of the year for this trip knowing that it'd be a long drive," Vern Scott said. "I can see how the economy is a determinant for many people."
BinT
Staycations are back.
i always like david blaine.
"The park saw 238,000 fewer people compared to last year, and no one seems to be able to point out why"
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I thought they furghloughed a bunch of federal park employees...
You know, so they can say they shaved a million dollars off the $50 trillion debt (& vote themselves a pay raise to come in just under)...
That trick where David Blaine made Bernankes hair vanish, that was good
wonder if he could do the beard?
I can only laugh at Obama claiming "we didn't know how bad things were" these last several weeks while joking about how many of the "shovel-ready" jobs weren't actually....shovel ready
because I seem to recall during his election campaign a lot of fear mongering over "the worst economy since the Great Depression" you know, as in, he knew things were as bad as they've ever been....
I guess somewhere in between September 2008 and him entering the White House in early 2009 he forgot about the little economic trouble we were having
Must have been the Black Eyed Peas at the inauguration, I get their songs stuck in my head too and can't focus
so whats my point? .....well, if you are feeling down on 8/1, just listen to the Black Eyed Peas.
"Eat your (Black Eyed) peas"
"we didn't know how bad things were" these last several weeks while joking about how many of the "shovel-ready" jobs weren't actually....shovel ready
---
Accoring to Ritholtz, "shovel ready" jobs not actually being "shovel ready" is a normal part of a typical recovery...
as we speak, they're getting the "barnacle scraper ready" jobs all queued up for the next "soft patch"...
LOL cv, up 80%-125% on BAC Sep 12 calls from yesterday. to bad it's only 100 contracts (.04-.05).
ben22
Blaine should see how long the Fed could last if enclosed in a block of ice.
SPX 5 day cup, today pos-neg-pos-neg-pos-neg-pos, working on the handle?
bot HOG puts yesterday, prolly a mistake but still pos on the trade, we'll see. almost shorted Z when it was up 100%+, should have!
is it me or does gold seem to dance around the even numbers when reached, 1400, 1500, now 1600.
oops, forgot the chart
QQQQ
Probably not that important of a number except to the MSM teleprompt readers. Now if it was a fibo number, MA, retrace, Gann, etc then it might mean something.
AR, sometimes I see abstract shit, like multiples of 18, or like the fibo spiral I see the number "9" in it. Maybe sometimes it's a plus, or maybe I had a few too many bad trips when I was younger.
QQQQ
x + 9 = x
x * 9 = 9
x - 9 = x
x+x+x =
ex+ex+ex = a lotta fuckin' alimony!
1.Think of a number from 1 to 10
2.Multiply that number by 9
3.If the number is a 2-digit number, add the digits together
4.Now subtract 5
5.Determine which letter in the alphabet corresponds to the number you ended up with (example: 1=a, 2=b, 3=c,etc.)
6.Think of a country that starts with that letter
7.Remember the last letter of the name of that country
8.Think of the name of an animal that starts with that letter
9.Remember the last letter in the name of that animal
10.Think of the name of a fruit that starts with that letter
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all u knuckleheads are thinking of a kangaroo eating an orange in denmark
CV
LMAO. Any number multiplied by 9 will sum to 9. Which means you'll always end up with 4.
BTW I was thinking of an iguana eating an apple in Dubai.
LOL, I was thinking of a Donkey eating some Greens in DC
"or like the fibo spiral I see the number "9" in it"
@Q's
that's really interesting you see that and link a nautilus shell there. I'm curious, do you automatically fit that shell into a square composed of smaller rectnagles when you see it? In other words, do you really see a shell or are you seeing a square composed of rectangles and more importantly do you even realize what you see?
The reason I ask is you may be seeing 9's automatically by fitting more basic shapes around the object, perhaps you've done it so many times it nearly has become automatic for you.
If you sum up an odd number of products of successive Fibonacci numbers, like the three products;
1 x 1 + 1 x 2 + 2 x 3, then the sum (1+2+6=9) is equal to the square of the last Fibonacci number you used in the products.
This can be represented by a grouping of golden rectangles, any odd number of rectangles with sides equal to successive Fibonacci numbers fits precisely into a square, like this:
http://mathworld.wolfram.com/images/eps-gif/GoldenSpiral_1000.gif
of course, in real life, the nautilus shell stops being a perfect spiral at the line for 21 units of length. At that point the curve of the shell departs the math model by showing tighter growth spiral than the perfect math projection, textbooks hate to show the reality of the shell but the contraction is the reality we get to see, the math model is theory.
The same is true for markets of course, 61.8% retracements often serve as pause points, but rarely major reversal areas. this may help explain why, it wouldn't be natural for it to occur any other way and many people always measure from price extremes rather than using other points to start their fibo measurements.
Constance Brown
"Fibonacci ratios work no differently in markets from how they unfold in nature. There is nearly always a contraction or expansion factor at play within the market price swings, and this forces you to depart from making a theoretical projection. If you learn to work with the laws of nature and change your expectations that markets will mirror theoretical perfection, you will find that all markets in any time horizon will respect your targets more often."
Ra,
I missed your comment earlier on the block of ice
I'm actually down for seeing how long the Wizard could hold his breath, that or how many times I could dunk him before he cries uncle
@Amen
You're good with math, but suck at geography & mammals...
- dubai is a city
- an iguana is a reptile (but then again - so is Obama, so I'll cut you some slack)
Now if you'd said a cat eating a tomato in the dominican Republic, I may have believed you
B22, on the shell pic, I see the shell and 9 at the same time, on your link I see the squares and 9 at the same time. If you take away any amount of squares, you're still left with a nine. I think once I noticed the many correlations with the number 9 long ago, I find more and more. Somehow, I must have unconsciously trained my brain to see these things.
Ok, this is strange. The reason I was looking at BAC calls was because I saw multiples of 9 in it's price history. Look at a 10yr weekly chart, plot 9 multiple lines. 2009 low was $3, 2009-10 resistance was $18. All time high was near 54, many others. Thought about buying it Monday and when cv mentioned it, I thought why the hell not, wouldn't be the first bad trade I had if it fails.
@ben
that's really interesting you see that and link a nautilus shell there. I'm curious, do you automatically fit that shell into a square composed of smaller rectnagles when you see it?
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I'm pretty sure q's just sees the great pink sea snail, and imagines himself flying back to Puddleby on the full moon...
CV
I realized Dubai was a city after I had posted (one of the seven UAE).
A reptile is not an animal?
@Amen
How about Panda Bears eating apples in China...
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•JULY 20, 2011, 3:17 PM ET
The Ultimate Knock-Off: A Fake Apple Store
BirdAbroad
This article originally appeared in the China Real Time Report blog.
Apple may have opened only four stores in two cities in China so far, but unbeknownst to the company, they are already expanding elsewhere in country.
A blogger in Kunming posted photos on Wednesday of a local store which, from a distance, looked just like one of the consumer electronics giants’ iconic full-service retail stores. It featred a glass exterior, pale wood display tables, a winding staircase and giant posters displaying the iPad 2 and other Apple products, plus a neatly organized accessories wall.
“This was a total Apple store ripoff—a brilliant one,” the blogger, BirdAbroad, wrote. She called it “the best ripoff store we had ever seen.” Photos show employees in blue shirts and Apple-emblazoned name tags similar to those worn by Apple Store employees in Beijing and Shanghai.
It’s unclear whether the store was opened by an authorized Apple reseller, of which the company has more than 10 in Kunming, or another retailer selling Apple products. But its address was not listed among official resellers on the company’s website and Apple currently only has Apple Stores in prime locations in Beijing and Shanghai in China. It wouldn’t be the first time the company has inspired fakes in China, however, where knock-off iPhones and iPads are on display throughout sprawling electronics markets.
Apple, which is in the midst of a plan to expand its presence in China including negotiations with the nation’s largest mobile operator China Mobile, is set to open two more stores, one each in Shanghai and Hong Kong, in the coming months. It has not announced plans to make Southwestern Kunming its next stop. Growing demand for its products over the past two years have drawn a flood of customers to its existing stores, prompting executives to hunt for bigger spaces to build their next locations.
A spokeswoman for Apple in China declined to comment on the store sightings
Technically yes... a reptile is an animal...
All I can see is an intern eating a donkey in DC...
After eating a pitcher of sangria for lunch... can't help myself.
Now I'm off to a palm barber....some might conclude its high time.
Tomorrow that fake Apple store will be a park (with trees, flowers, benches, etc).
CV,
Maybe that is true, but in all seriousness, I think Q's may have trained his brain through repetition to "see" math
it can be done, maybe in the same way certain people see music as colors rather than notes
there are certain things that I look at now and only see the spiral whenever I look at a pineapple all I can see are spirals, it's the same with most trees now as well
but I'm not special, a few thousand years ago that Pythagoras cat was able to figure out that numbers are abstract entities that exist in their own right
of course, he was probably just in it for the ladies, I heard Theano was a real hottie, the J. Lo of the BC's......
also, Q's
nice trade on those BAC calls
I still have some upside calls in the Q's, SPY, and I have calls on XRT and a few individual names
I'm looking for 1350 to be hit fairly soon, still like Andy T's count from a week or two ago....the expanding triangle.
BTW I also saw a cougar eating raspberries in the Dominican Republic.
-or-
An anaconda eating apples en la Republica Dominicana.
http://www.wreg.com/news/nationworld/sns-viral-obama-action-figure-pg,0,7702676.photogallery?index=sns-viral-obama-action-figure-pg-011
...Not too early to think about your Christmas list...
Slapped some shorts on overnight.
Just in case Mangler starts waving the Euro-shears tomorrow.
Haircuts....
B22, cv subliminally made me pull the trigger on BAC, so he gets the credit :)
Still holding SPXU Sep calls, SPY Aug calls, hog puts, FXE calls. I'm like all over the place.
should have a crude-gold-silver 10 yr chart ready soon, if the wife would let me finish it... she's crying about getting 2 teeth pulled today... sheesh
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