Morning Corner 10.21.11

COFFEE (weekly info)
-no change (below mid)
trend=down
low= 225.45
rev= 278.90; mid= 252.18


Coffee is trending down on the weekly 3LB. Last week tried to push higher but failed at the 38.2% retrace. Not time to stock up just yet.



HSKAX (weekly info)
-no change (above mid)
trend=down
low= 14.62
rev= 14.88; mid= 14.75


Can you hear the sound of quant shops blowing up? Market neutral might be the wrong name. It's below all SMA's. It's trending down on the weekly 3LB. It's trying to fill the gap from a few weeks ago.


27 comments:

AmenRa said...

I don't even want to know what caused futures to push higher. More BS probably.

ben22 said...

oh, I just learned Harold Camping really meant today, today is the day

so if you haven't offed your pet just yet...

there's still time, but make haste!

AmenRa said...

ben22

Is he the one running around with "The End Is Near"?

AmenRa said...

The rug was pulled out from under USDJPY.

AmenRa said...

Today the goal is to finally break above resistance in the 1220-1230 range. This way they can put the hard core bears to sleep before the plunge.

AmenRa said...

Copper fighting back. It did not want to break below its 0.0% retrace (3.095).

ben22 said...

Ra,

same guy that called for the end of the world a few months back

guy has millions of followers apparently, even still today

Anonymous said...

when I 'grow up', I want to be an H. Camping-follower..

wtf? yeah, right. (where, really, do those 'people' come from?)

AAIP

Anonymous said...

http://www.finviz.com/quote.ashx?t=GMCR&ty=c&ta=1&p=d

Sales 2.31B P/S 4.51

flippin' Stock traded down to ~62..

now ~71+

nice ex. of the 'Bears, Bulls, Pigs'-phenomena..

ibid.

Anonymous said...

Quotage..

"Those who think it is permissible to tell white lies soon grow color-blind."
-- Austin O'Malley
http://quotes.liberty-tree.ca/quote_blog/Austin.O'Malley.Quote.9CB9


"I freed thousands of slaves.
I could have freed thousands more
if they had known they were slaves."
-- Harriet Tubman
[Araminta Ross] (c.1820-1913) African-American abolitionist, humanitarian, and Union spy during the U.S. Civil War. After escaping from captivity, she made thirteen missions to rescue over seventy slaves using the network of antislavery activists and safe houses known as the Underground Railroad.
http://quotes.liberty-tree.ca/quote_blog/Harriet.Tubman.Quote.578C


"We tell lies when we are afraid... afraid of what we don't know, afraid of what others will think, afraid of what will be found out about us. But every time we tell a lie, the thing that we fear grows stronger."
-- Tad Williams
(1957- ) Author
http://quotes.liberty-tree.ca/quote_blog/Tad.Williams.Quote.9CF3

ibid.

Andy T said...

Harold Camping....

Shaking head.

Andy T said...

What a rally....on the S&P 500....

This is fantastic.

ben22 said...

That Tad williams quote is awesome, thanks for sharing

yeah, market
check out Ford, that was a good buy sub $10 for a trade!

ben22 said...

matthew must be doing well right now, he added risk right near the lows

nice going

Andy T said...

BarackObama trying to win the election....

US troops out of Iraq by end of year.

Andy T said...

Love the Tubman quote....

cv said...

Week 7 (NFL) & Week 8 (NCAA) picks are up at...

http://fantasy-sports-nation.blogspot.com/

---

Added a special 'EXOTICS' feature to the NCAA picks (more bets - round robin/teaser/parlay scenarios)...

NFL has EARLY game comments up...

cv

Anonymous said...

Love the Tubman quote....

x2

AAIP

cv said...

Love the Tubman quote...

x1000000000000

especially this part...

"I could have freed thousands more
if they had known they were slaves"


Pretty much sums up my opinion of "SLAVES" of the fiat currency system...

Alas...

In any case... there is always 'football' as a distraction to the OTHER lunacy (if only for 2 out of every 7 days of the week)...

cv

AmenRa said...

Just one of those weeks. Obviously no Corner today.

QQQQ said...

we are wall street

Andy T said...

Looking forward to digging into charts this weekend.

After weekend benders in New Orleans and Vegas, I had been running a serious sleep deficit and liver abuse.

After heavy dosage of milk thistle and 12 hours of sleep last night, I feel like a new man again.

Slave the the Fiat....

Yeah baby, the fiat still spends real good.

Anonymous said...

Q. What is meant by the term “constitution”?
A. A constitution embodies the fundamental principles of a government. Our constitution, adopted by the sovereign power, is amendable by that power only. To the constitution all laws, executive actions, and judicial decisions must conform, as it is the creator of the powers exercised by the departments of government.
Q. Why has our Constitution been classed as “rigid”?
A. The term “rigid” is used in opposition to “flexible” because the provisions are in a written document which cannot be legally changed with the same ease and in the same manner as ordinary laws. The British constitution, which is unwritten, can, on the other hand be changed overnight by an act of Parliament. ...
Q. Where, in the Constitution, is there mention of education?
A. There is none; education is a matter reserved for the States. ...
Q. Does the Constitution give us our rights and liberties?
A. No, it does not, it only guarantees them. The people had all their rights and liberties before they made the Constitution. The Constitution was formed, among other purposes, to make the people’s liberties secure -- secure not only as against foreign attack but against oppression by their own government. They set specific limits upon their national government and upon the States, and reserved to themselves all powers that they did not grant. The Ninth Amendment declares: “The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.”
-- Sol Bloom
Director General of the United States Constitution Sesquicentennial Commission
Source: The Story Of The Constitution 1787 - We The People - 1937, copyrighted to The United States Constitutional Sesquicentennial Commission, July 28, 1937, Pg. 168, 169, 177.
http://quotes.liberty-tree.ca/quote_blog/Sol.Bloom.Quote.3451

ibid.

Anonymous said...

http://www.finviz.com/quote.ashx?t=AZO

I need to 'think' about that, some more, but, that's looking like 'it's Done'/'ready for Shorting'..

AAIP

cv--,

nice Call on the Orangemen..

'Cuse had at those 'Mountaineers'..

Anonymous said...

note..

AZO LAMPERT EDWARD S 10% Owner Oct 21 Sale 328.18 47,569 15,611,374
AZO LAMPERT EDWARD S 10% Owner Oct 21 Sale 328.18 115,589 37,934,431
AZO LAMPERT EDWARD S 10% Owner Oct 19 Sale 325.23 46,088 14,989,140
AZO LAMPERT EDWARD S 10% Owner Oct 19 Sale 325.23 107,855 35,077,540
AZO LAMPERT EDWARD S 10% Owner Oct 20 Sale 327.11 13,471 4,406,542
http://www.finviz.com/

ibid.

Andy T said...

AZO....

Some might argue it's a cup and handle formation, a continuation patten, into the highs.

Not sure it's shortable yet....

Anonymous said...

http://www.finviz.com/quote.ashx?t=AZO&ty=c&ta=1&p=d

to me, needs to break ~330, on the +side, or, for the Short, ~320, on the d-side..

now.."Not sure it's shortable yet...." x2

ibid.

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