A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Just when the overnight market made you think it was safe...
SPXShooting star day. Midpoint above EMA(10). Above all SMA's. Still holding 1177.84 (the .0344 fibo from high) but failed 1194.18 (the .021 fibo from high). New high on daily 3LB (reversal is 1169.77). QE2infinity.
DXYBearish short day. Midpoint below EMA(10). No test of the 76.4% retrace at 76.29. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).
VIXBullish short day. Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 20.71). Still hiding in the "no fear" zone.
GOLDBullish short day (confirmed morning star). Back above SMA(21). Midpoint below EMA(10). No test of new 0% retrace. No daily 3LB (reversal is 1370.50).
EURUSDSpinning top day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.4049). If a tree falls in the forest how many trades can a HFT make before it hits the ground?
JNKSpinning top day. Above all SMA's. Midpoint above EMA(10). Trading range is between the Gann 3x1 and 4x1. New high on daily 3LB (reversal is 40.39).
10YR YIELDBullish short day. The 0.0% fibo retrace at 23.59 is the line in the sand. Held the weekly 3LB mid (25.35) and stayed above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 23.81).
DJ TRANS AVGShooting star day (more convincing if previous day had a long body). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4731.44).
CRBDoji day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. Daily 3LB reversal up (reversal is 292.98).
XLFBearish engulfing day. Midpoint above EMA(10). Back below SMA(21). No daily 3LB changes (reversal is 14.89).
30 comments:
My inauguration as President will be seen by future generations as the moment when the rise of the oceans began to slow and our planet began to heal.
no doubt Barack, and the latest Rolling Stone claims the same thing, rock star!
I bet MLB is pretty pissed about the financial outcome that will be the World Series. They lost big when both Philly AND the Yanks went down.
NYT = CNN = voice of the establishment / status quo
1. Bash Assange, who basically out-scooped them:
http://www.salon.com/news/opinion/glenn_greenwald/2010/10/24/assange/index.html
2. Counts "LEH bankruptcy" as the biggest mistake of the crisis.
3. Didn't challenge the WMD claims. Tries to do a hatchet job on Michael Moore but gets pwned in the process. (If you give this a few minutes, it gets good.) http://www.youtube.com/watch?v=JpKoN40K7mA
@Ben22:
I partially agree. I think you need either Philly or the Yankees (for ratings). Having both teams in would have been a disaster because:
1. Everyone that is west of Philly hates both teams
2. Not having a team west of Philly means that people west of Philly don't have a stake in the outcome.
I think that a Yankees + Giants world series would have been ratings ideal.
@wunsa/ben22
I think they're making more out this than they need to...
Sure... NY is a #1 media market & Philly is a #4 media market...
But Dallas is a #5 and San Francisco is a #6... They'll live with it...
1 New York, NY 7,515,330 6.484
2 Los Angeles, CA 5,666,900 4.889
3 Chicago, IL 3,502,610 3.022
4 Philadelphia, PA 3,015,820 2.602
5 Dallas-Ft. Worth, TX 2,594,630 2.239
6 San Francisco-Oakland-San Jose, CA 2,523,520 2.177
7 Boston, MA (Manchester, NH) 2,460,290 2.123
8 Atlanta, GA 2,407,080 2.077
9 Washington, DC (Hagerstown, MD) 2,389,710 2.062
10 Houston, TX 2,177,220 1.878
11 Detroit, MI 1,883,840 1.625
12 Phoenix, AZ 1,881,310 1.623
13 Seattle-Tacoma, WA 1,874,750 1.617
14 Tampa-St. Petersburg (Sarasota), FL 1,795,200 1.549
15 Minneapolis-St. Paul, MN 1,753,780 1.513
16 Miami-Fort Lauderdale, FL 1,580,580 1.364
17 Denver, CO 1,572,740 1.357
18 Cleveland-Akron (Canton), OH 1,526,200 1.317
19 Orlando-Daytona Beach-Melbourne, FL 1,453,120 1.254
20 Sacramento-Stockton-Modesto, CA 1,409,400 1.216
21 St. Louis, MO 1,258,580 1.086
22 Portland, OR 1,197,780 1.033
23 Charlotte, NC 1,166,180 1.006
24 Pittsburgh, PA 1,160,820 1.002
25 Raleigh-Durham (Fayetteville), NC 1,131,310 0.976
26 Baltimore, MD 1,108,360 0.956
27 Indianapolis, IN 1,106,420 0.955
28 San Diego, CA 1,089,010 0.940
29 Nashville, TN 1,039,430 0.897
30 Hartford and New Haven, CT 1,018,770 0.879
31 Kansas City, MO 974,820 0.841
32 Salt Lake City, UT 953,950 0.823
33 Cincinnati, OH 923,830 0.797
34 Columbus, OH 915,950 0.790
35 Milwaukee, WI 901,100 0.777
36 Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC 878,550 0.758
37 San Antonio, TX 844,910 0.729
38 West Palm Beach-Ft. Pierce, FL 773,890 0.668
39 Harrisburg-Lancaster-Lebanon-York, PA 749,020 0.646
40 Birmingham (Anniston and Tuscaloosa), AL 747,190 0.645
41 Grand Rapids-Kalamazoo-Battle Creek, MI 740,230 0.639
42 Las Vegas, NV 718,030 0.620
43 Norfolk-Portsmouth-Newport News, VA 716,050 0.618
44 Austin, TX 707,430 0.610
45 Oklahoma City, OK 704,670 0.608
46 Albuquerque-Santa Fe, NM 703,720 0.607
47 Greensboro-High Point-Winston Salem, NC 699,040 0.603
48 Memphis, TN 693,860 0.599
49 Jacksonville, FL 678,430 0.585
50 Louisville, KY 674,940 0.582
Anyway... the STORY of the series will be Bengie Molina...
Whichever team wins... He'll get a ring!
You gotta love it! he must feel like he works for Goldman Sachs...
Wunsacon!
There you are man....
My defending you against the "tyranny" of Denise/dss caused all sorts of issues. Her condescending remarks to you is what caused me to dare to make a comment in her sphere.
So, just letting you know...that YOU caused all sorts of angst.
Ha.
@Andy T
But it's 8:10 on Monday...
That means... In 10 minutes time... It's...
C'MON MAN!
Andy,
Nice work on the charts.
Not posting much of late. Busy with work and family.
Did catch some comments alluding to shinanigans elsewhere in the blog world. Andy: I thought it was agreed last summer, something to the effect of, if you ever engage with others out there again remind them of this time. You are like me trying to short, old man! We just never learn - lol.
I am very much liking Neely's work. His book is on my Xmas list.
Ra: Amazing how we can't even get a close above the 3LB. It is very magical, indeed.
Ben: Crazy how krazy Karl Denninger is the most sensible one out there these days.
Karen: did you dig anymore in to Hey! Rosetta?
CV,
this first quarter, not exactly what we were looking for.
Faulk had Dallas winning while Sapp had the Giants. Bottom line was at 1-5 you can kiss the playoffs goodbye. The missed passes lead to the interceptions (one pass was too high). That punt was good and long but special teams broke down and Bryant found a lane to exploit.
Andy,
I'm afraid to look... ;-) Okay, that's as long as I can hold out without looking...[looking now] Which article? I looked back several days to the "Updating Mankiw" article and think I'm missing what you're referring to. In any case, thanks for defending me.
I see what you meant about "dss" being a bit obsessed with you. Do you know that the hyperlink attached to his/her handle goes to your blog??
...
Ironically, DSS [and VennData] might not realize it but I share some (much?) of their world-view and am trying to offer constructive criticism, by shooting down occasional arguments from them that I fear won't persuade anyone but people on the same side of the aisle. Further, the name "Bill Clinton" is like a lightning rod for me. Bill got lucky with the economy during his tenure. That's it. (And he passed some horrible legislation that meaningfully contributed to the 00's bubble/bust.) If Democrats want to credit anyone in that administration for fostering the growth of the 90's, they'd be better off crediting Al Gore.
Anyone have a picture of Dallas Cowboys with the caption "Gone Fishin'"
Ra,
it's great..a total meltdown
like I said.....wilmington trust:
http://www.google.com/finance?q=wilmington+trust+
cv: Are you really going to win by 2 points?
Geez man....
wunsacon--
Yeah, it was the Mankiw stuff. I though you made some good points related to Capital Gains on property...how Clinton took the rate from 25% to 0% on most homes. It was salient and germane to the discussion on the Clinton tax regime.
I thought some of her comments were somewhat condescending towards you and a bit rude. In the past several weeks, she has called me out for being "rude" and "attacking" people.
In a "soft" way, I pointed out that she was being a bit hypocritical.
This is what I wrote on her blog:
~~~~~~~~~~~~~~~~~~~
"Denise/dss,
You should be careful. A lesser person might thing you were engaging in an ad hominem attack against poor ol' Wunsacon with this:
'dss Says:
October 24th, 2010 at 2:00 am
Pay attention, wunsacon. The topic is not about capital gains or bubbles. If you want to discuss those issues then you need to start your own blog and have at it.....
....You were the one who didn’t know that Clinton raised taxes on the wealthy, so I am not sure that you have enough information to make any comments about the topic, much less expound about the Clinton record, or Mankiw’s ridiculous assumptions.'
Pot meet Kettle
~~~~~~~~~~~~~~~~~~
That was my "vicious" comment, which was deleted, that led to a ruckus.
Funny stuff....
@Andy
Man... You LAMENT about my "luck" (which I admit I've been the beneficiary of)...
But tell me...
Who made the "coaching" decisions to squeeze every last point out of my lineup (by picking up Todd Heap & Olindo Mare off the waiver wire this week to fill in for my decimated BYE WEEK team)?
I also wanted to go SEATTLE (which I did in all other leagues)... but I settled for the 49ERS who also performed well on "D"...
It's the LITTLE THINGS my friend...
I earned this one with sweat and grey matter...
You can't tell me last weeks WIN (vs. ben) was any less thoughtful... I TRADED to get the Steelers D, and picked up Pierre Garcon on waivers to eek out a victory there...
This week... ALSO... I picked up players to BLOCK my opponent from picking them up...
That's why he was without a D...
Thinking mans game my friend! :-)
@Andy
Wait... it even gets better...
Last week... THEM THUGS was playing Franchize... I knew going into the last two weeks that Them Thugs had to lose some games (because he was ahead in the POINT TOTAL tiebreaker)...
Franchize lost Jermichael Finley to the injury, so I traded him Tony Gonzalez to help him win that week (which he did)...
I got the Steelers D in return (which helped me win)...
Thinking! :-)
@Andy
The cliche is CORRECT...
You play them ONE GAME AT A TIME!... I'm just thinking about next week...
Even a turnip would understand this explanation of the foreclosure mess.
chart for the morning via cobra:
http://lh6.ggpht.com/_APmrYvpA45s/TMXtRgDax9I/AAAAAAAAI9E/N13qyCkII0o/s1600-h/1%5B2%5D.png
"when both VIX and SPY closed in green on the same day, 9 out of 10 times recently a red day the next day."
Ben
The algos have been programmed to counter that...
Ra,
that, or with a recent 90% success rate, it is the algo's program.
I'm okay with trading alongside the algos....might help my returns.
Jesse has an interesting W.E. Pollock video up at his site.
Ben
Could be an algo program called "hope". Specifically designed to entrap bears.
LMAO.
Jennifer
That's the first youtube video I've seen where you have to rent it to watch it.
new thread
AR -- I didn't have to rent it...just clicked and it played normally. I was walking around doing other things while I listened though so I only caught the tail end of some message that was scrolling across the bottom of the screen about the potential for censorship? Curious, but I didn't want to play it twice just for that.
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