A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Couldn't do any damage as I was in detention all day.
SPXBearish harami day (we know how these have fared). Midpoint above EMA(10). Failing SMA(55). Still above the 38.2% retrace (1278.72). No daily 3LB changes (reversal is 1306.10). QE2infinity. "JBTFD. Don't question it. Just do it." quote from "The Bernank" Ch 6 Sct 66.
DXYSpinning top day. Midpoint below EMA(10). Still below the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).
VIXBearish short day. Midpoint below EMA(10). Still below SMA(21). New low on daily 3LB (reversal is 29.40). Still below monthly 3LB & weekly 3LB mid. Still in the "some fear" zone.
GOLDSpinning top day (failed to confirm shooting star). Midpoint above EMA(10). No test of 0.0% retrace. Still above SMA(21). No daily 3LB changes (reversal is 1437.70). Held above upper trend line. Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Well above 1.3870 (the 61.8% retrace). Above all SMA's. No daily 3LB changes (reversal is 1.3978).
JNKHanging man day. Midpoint above EMA(10). Still above SMA(21). Still above its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 39.87).
10YR YIELDBearish short day. No test of 0.0% retrace at 37.44. Still holding SMA(89). Midpoint above EMA(10). Held the upper trend line. No daily 3LB changes (reversal is 33.93).
DJ TRANS AVGDark cloud cover day. Back below SMA(55). Midpoint above EMA(10). No daily 3LB changes (reversal is 4950.00).
CRBBullish long day. Midpoint above EMA(10). Back above SMA(21). Held the 14.6% retrace (356.09). Daily 3LB reversal up (reversal is 338.14).
XLFBearish short day. Midpoint below EMA(10). Still below SMA(21). No test of 0.0% retrace. No daily 3LB changes (reversal is 16.77). No weekly 3LB reversal…yet.
WTIBullish long day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Tested and held the 14.6% retrace (103.64). No daily 3LB changes (reversal is 106.41).
46 comments:
wunsacon said...
Reggie Middleton would agree with you, Andy...
Me? I'm waiting for the jury to come back in before I announce a winner in the tablet wars. After all, I wouldn't want to risk my unblemished record of correctly forecasting the present.
March 22, 2011 5:25 PM
~~~~~~~~~~~
I like this Reggie Middleton fellow....
Hi Ho Silver up against resistance again, but that overall picture still doesn't look like peaking action. Aside from the middle of the night when it briefly dipped below $34, it has essentially held support here.
Based on 60 min. RSI divergence, it seems like Silver will be "due" for a pullback next few days, but I think we eventually set a new high here and 'probab' the very high $30's...
I can't wait.
FYI: (John Kicklighter)
Keep an eye on the euro at 15:00 GMT. That is when Portugal's parliament is scheduled to discuss its stability and growth efforts.
Andy, I think I'll just start listing my sterling that didn't sell when silver was sub $10... people are so funny! i was buying some big ticket sterling items, then. of course, I won't be selling those items, now.. but happy to rid myself of the unwanted and scrap ounces.
Maria needs speaking/speech lessons and less lip plumping.. and then Louise needs to be careful what she's talking about.. bringing in the johnny-come-lates, for shame! energy, gold, grain!! oh my! she reminded me of a buy RE with zero down proponent..
http://www.ritholtz.com/blog/2011/03/louise-yamada-on-dollar-trade-opportunity/
k-
isn't that wild/crazy/amazing?
the same peep I was talking Silver to, @U$D~6, to 0 avail..
are, now, 6x later, asking me ~"what's the best to buy Ag?"
truly, blows my f****** mind (what's left of it, anyway..)
AAIP
you can't believe the kudos they are giving louise yamada on twitter.. UFB..
we are gonna need QE3 x 10 to get to the prices these people want..
the pm talk has gone mainstream, I hear about it in nearly every meeting, but in my subjective observation, it is not nearly as euphoric as were the discussions about real estate during the bubble, people are more skeptical of the pm's than they were RRE.
Reuters: March 22, 2011
President Barack Obama said this evening in Ecuador, in the midst of mounting criticism for his absence in yet another American or global crisis, that Ecuador was vital for America's future. "We of the United States see our ally Ecuador as the future of our export economy. We are very good at making I-phones, and the Ecuadoran people need to learn how to text message." The president spoke extemporaneously without the usual teleprompter as he spoke to the national assembly.
His next stop is Bolivia.
ben, if you have time, look at CSCO, pls.. what is your opinion..
of course, the people on twitter have a 6 to 24 hour mentality..
When I don't have Lefty to aggravate....
Reuters March 22,2011.
President Barack Obama landed in La Paz, Bolivia tonight in his lastest stop on a whirlwind tour of South America.
"We of the United States see our ally Bolivia as the future of our export economy. We will take your tin and refine it and sell you tin cans with food in them. Heck, I was once accused of having a tin ear!"
The president spoke extemporaneously without the usual teleprompter as he spoke to the national assembly.
Next stop is Paraguay.
President Barack Obama landed just minutes ago in Concepcion, Paraguay and spoke to an assembled crowd on the tarmack at the local airport there.
"I am pleased to be here in Conception. Lovely name. I was conceived once, myself, you know."
The president spoke extemporaneously before the crowd, without the usual teleprompter.
Next stop is Uruguay.
btw, AT&T is down in my area.. my friend has power booster installed at La Casa and he said service is abysmal..
President Barack Obama spoke to reporters in a mid-air news conference on his way to Uruguay.
"I hear they have a mighty fine steak in Uruguay. I haven't eaten all day. Say, any of you boys here what's going on in Libya today? Hillary was supposed to call during my last stop but I guess she was so busy she must of forgot."
Unacceptable, Anon, at 9:21..
here hear!
pbbbbbtttttttt!
Futures are lower but we know that won't last.
Tomorrow and tomorrow....
'night
then Louise needs to be careful what she's talking about.. bringing in the johnny-come-lates, for shame! energy, gold, grain!! oh my! she reminded me of a buy RE with zero down proponent.
Well FWIW... CV is 100% on board with Louise Yamada... & I have been for quite some time now...
Happy FADING...
we are gonna need QE3 x 10
More linear thinking... Bad for the pocketbook...
OTOH... In the short to mid term... I'm hoping you're right...
anything with a "2 handle" for me & I'll be very happy...
In the end... Andy is going to LOSE the $21 before $50 bet...
http://finviz.com/quote.ashx?t=CSCO
k-
that Chart is Fugly.
I'm thinking it may trade up to ~18, but, longer term, toward ~10..tho, they, still, have ~7+ of 'cash', on the books..
LSS: if the 'opto-electronics' is allowed to/can develop, then CISCO, as is, is two-tine-able..(read: ~10)
AAIP
also, given the context that she is laying out..
Yamada's POV is not 'off base' ..
ibid.
CV @ 10:15, as if parabolic thinking is good for the pocketbook?
WTFE
http://www.readtheticker.com/Pages/Blog1.aspx?65tf=158_spy-all-tucked-in-a-tight-gann-angle-corridor-if-it-breaks-ouch-2011-03
from icm63, over @ TBP..
http://www.ritholtz.com/blog/2011/03/media-appearance-cnbc-fast-money-3-22-11/#comment-532786
ibid.
speaking of TBP..
who likes this Post, in context..
http://www.ritholtz.com/blog/2011/03/how-to-protect-yourself-generally/#comment-532795
AAIP
anyway, on ther facets, this:
http://whatreallyhappened.com/
is worth a looksee, today..
ibid.
CV @ 10:15, as if parabolic thinking is good for the pocketbook?
karen... The "linearity" in your thinking is as follows...
There is a REASON the name of this blog has changed back from SURVIVOR CAPITAL to TRADERS ANONYMOUS... As a host, for about a year, CV made an attempt to "seed" the idea that SURVIVAL is actually at stake here (and I offered up some 2 bit ideas towards that notion along the way)... But it is CLEAR to me now that hardly anyone here seems to take those notions seriously...
Frankly... I HOPE all of YOU are right and CV is WRONG... I hope you all blissfully PAPER TRADE your way to prosperity... I'm not here to babysit... I'm just around to offer a different POV to what I kinda think are some smart people (don't bother patronizing me by tossing back the same compliment)...
As for "parabolic"??? That is a RELATIVE term (because anytime anyone plots something on an "x" "y" axis - the "x" axis represents TIME)... if you're a TRADER, "time" can mean anything down to TICKS... That's the world most of you live in... I'm thinking, MOSTLY, that only ALGOS think in "ticks"... Algos are not human beings...
So that basically means that a great deal of study & research that a lot of you have put in to understanding the behavioral characteristics of trading (which was done, as mentioned on this blog just the other day, in 1/18th & 1/16th increments before decimilization), was formerly done BY HUMANS (you know - those soon to be obsolete carbon based entities)...
Now... somehow... You all think it's appropriate to GLEAN UNDERSTANDING from those, when MOST of it, nowadays, is done by computer "models" created by some pimply faced geek fresh out of MIT, who probably hasn't even ever been laid... WORSE - the geek is told by some thief (who belongs to a cartel getting a free ride) to TWEAK the program so as to have a particular bias...
So all I'm trying to humbly suggest here is that, for ME anyway... It's a USELESS endeavor to battle an enemy on IT'S TURF...
So I really don't give a FF if silver goes to $40, then crashes back to $25 (OMG!!! a 30% CRASH)...
Why?
Because the LOSER in the game is NOT going to be the physical holder... INSTEAD - It's going to be the technical genius who managed to TOP TICK it... Short it... then BTFD...
...and in the end?
Holds a lot of WORTHLESS cotton paper that tells them what a great TRADER they were...
I guess I'll have to just get back to FEAR MONGERING now... Nothing to see here people - move on...
http://www.zerohedge.com/article/fukushima-smoking-gun-emerges-founding-engineer-says-reactor-4-has-always-been-time-bomb-exp
Mitsuhiko Tanaka says he helped conceal a manufacturing defect in the $250 million steel vessel installed at the Fukushima Dai-Ichi No. 4 reactor while working for a unit of Hitachi Ltd. in 1974. The reactor, which Tanaka has called a “time bomb,” was shut for maintenance when the March 11 earthquake triggered a 7-meter (23-foot) tsunami that disabled cooling systems at the plant, leading to explosions and radiation leaks....“Who knows what would have happened if that reactor had been running?” Tanaka, who turned his back on the nuclear industry after the Chernobyl disaster, said in an interview last week. “I have no idea if it could withstand an earthquake like this. It’s got a faulty reactor inside.” What follows is the harrowing tale of a criminal cover up at the only reactor that luckily was empty when the catastrophe occurred. We can only imagine what comparable horror stories will emerge in the next several days as other whistleblowers emerge and disclose that Reactors 1 through 3 (which unfortunately do have radioactive fuel in their reactors) passed the same "rigorous" quality control process that makes them the same time bombs just waiting or the signal to go off (and probably already have... but since the truth is the last thing the public will uncover one can only speculate).
More on this sad story of criminal corruption and incompetence from the bottom all the way to the top, from Bloomberg:
Tanaka’s allegations, which he says he brought to the attention of Japan’s Trade Ministry in 1988 and chronicled in a book two years later called “Why Nuclear Power is Dangerous,” have resurfaced after Japan’s worst nuclear accident on record. The No. 4 reactor was hit by explosions and a fire that spread from adjacent units as the crisis deepened.
Hitachi spokesman Yuichi Izumisawa said the company met with Tanaka in 1988 to discuss the work he did to fix a dent in the vessel and concluded there was no safety problem. “We have not revised our view since then,” Izumisawa said.
Kenta Takahashi, an official at the Trade Ministry’s Nuclear and Industrial Safety Agency, said he couldn’t confirm whether the agency’s predecessor, the Agency for Natural Resources and Energy, had conducted an investigation into Tanaka’s claims. Naoki Tsunoda, a spokesman at Tokyo Electric Power Co., which owns the plant, said he couldn’t immediately comment.
Tanaka, who said he led the team that built the steel vessel, was at his apartment on Tokyo’s outskirts when Japan’s biggest earthquake on record struck off the coast on March 11, shaking buildings in the nation’s capital.
“I grabbed my wife and we just hugged,” he said. “I thought this is it: we’re dead.
I'll get back to my SPINACH now (and leave you all to yours)...
Bon apetit!
cv--
no doubt, LSS: the 'story', in Japan, is far from "over"..
and, in that light, that "Bloomberg"-Headline, of Today, is total B*******..
AAIP
@AAIP
LOTS of "stories" far from over these days...
Got food? (because it seems everyone is well supplied with cotton & electrons)...
also, re: Libya, iffin' one didn't know..
Libya’s Sea of Fresh Water Beneath the Desert, But Wait, There’s More
March 23rd, 2011
We all know about the obvious oil component to what is happening in Libya, but that’s definitely not he full story. Here are some other factors to keep in mind as the U.S. leads a war in Libya for “humanitarian” reasons.
Saudi Aramco, Seas Beneath the Sands:
Libya is already pumping water from the Kufra Oasis, in its southeast corner, through a four-meter-diameter pipeline to its thirsty coastal cities. When fully operational, that project will pump some 3.6 million cubic meters per day. Still, at current extraction rates, the aquifer is not likely to be depleted for a thousand years.
Christian Science Monitor, Libya’s Qaddafi Taps ‘Fossil Water’ to Irrigate Desert Farms:
While many countries in the Middle East and North Africa bicker over water rights, Libya has tapped into an aquifer of ‘fossil water’ to change its topography – turning sand into soil. The 26-year, $20 billion project is nearly finished.
As I was reading about how bone dry (on the surface) and sunny Libya is, I thought, “Wow, sounds great for solar power.” And then I found this, from the Tripoli Post:
Moreover, since this report came out, there has been some encouraging progress in Libya on the practical front regarding the issue of solar power. In October this year (as reported by the Tripoli Post in issue 171) the U.S. Department of Energy (DOE) announced that it was sending a team of experts from its National Renewable Energy Laboratory in Colorado to collaborate on concentrating solar power in Libya. The DOE confirmed that Libya, with its low humidity and numerous sunny days, had the ideal conditions for the possible exploitation of solar power technologies..."
http://cryptogon.com/?p=21383
ibid.
Nothing to see here peeps because EARTH has officially been declassified as a PLANET...
Go back to selling rips & buying dips...
@AAIP (11;28)
Quantum of Solace bitchez!
cv--
"Food", as always, is the beginning, and the end, of any 'discussion'..
so many 'Caines think that the 'local' In 'n Out/Try 'n Save will, always, have 'what they need, when they need it'...it, truly, is a Fatal Conceit..
and, many go with: ~" there will never be Shortages .." -- yes, maybe, but what they Fail to contemplate is "Supply?, at what Cost?"
or, more Technically, given "Orange Juice"--the Price goes from U$D 2.25 to U$D 3. --you think there isn't a 'Shortage' @ U$D 2.25/2.50/2.75 ??
yes, guess what?, there is ..
and, like that..
AAIP
Good thing #4 was off for repair. But how much damage may have been done over the years from possible leaks?
cv--,
right? based in Bolivia, but 'same thing'..
"Predictive Programming", fun for the Whole Family..
ibid.
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Predictive+Programming
http://predictiveprogramminginmovies.blogspot.com/
ibid.
ENTOMBMENT
http://everist.org/pics/Fukushima/Fukushima_pyramids.png
Better get "crackin"... Rome (or the pyramids) weren't built in a day...
But I guess we live in a '6 million dollar man' world...
"We can REBUILD him... We have the technology... We have the erector set..."
They ought to have this knocked off by the closing bell on Friday, right? right?
cv--
yes, good point, peep are acting like that the BoJ, with their 'unsterilized' Trillions of Yen, can 'right any wrong'/'pave any road' .. etc. .. etc. ..
truly, f****** Clueless..
AAIP
@AAIP
Well... Warren Buffet thinks it's a buying opportunity...
He doesn't seem to think it's a "LANDING" opportunity (as his Netjet flew right over Narita)...
¥€$ We Did!
http://tinyurl.com/6xfwb8k
Reactor 1 Core Has Passed 400 Degrees Celsius
Translated:
Nuclear and Industrial Safety Agency Ministry of Economy, Trade and Industry at a press conference Friday morning, the day before the No. 1 nuclear power plant in Fukushima Daiichi TEPCO announced that it was found that the temperature of 400 degrees in a nuclear reactor.
This was at 380 degrees a few hours back.
Readers can make their own conclusions.
from zerohedge.com
Best comment so far:
by seek
on Tue, 03/22/2011 - 23:24
#1088616
The zirconium alloy that makes the fuel rods melts at 1855C.
I doubt the temperature increase will be linear, it will likely accelerate since the hotter it is the fast any remaining coolant is boiled off, but...
1855-400=1455. 1455/20C per hour = 72 hours. 3 Days.
Say, Friday, after market close?
I'll take the under, FWIW.
Mike Morgan (http://www.goldmansachs666.com) has a few links that help explain the bashing of Elizabeth Warren:
http://www.goldmansachs666.com/2011/03/goldman-sachss-exuding-influence.html
http://www.goldmansachs666.com/2011/03/goldman-sachs-and-litton-loan-servicing.html
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