A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: What me worry?
SPXBullish long day. Midpoint above EMA(10). Held SMA(55). Now above the 23.6% retrace (1303.70). Daily 3LB reversal up (reversal is 1256.88). QE2infinity. "JBTFD. Don't question it. Just do it."
DXYSpinning top day. Midpoint below EMA(10). Back above 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). Now below all SMA's. New low on daily 3LB (reversal is 20.61). Still below monthly 3LB & weekly 3LB mid. Back in the "no fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1392.80). Holding above upper trend line. Must have the precious.
AUDJPYBullish long day. Midpoint above EMA(10). Now above SMA(144). Easily holding its 61.8% retrace (0.7995). Daily 3LB reversal up (reversal is 0.7665).
JNKBearish short day. Midpoint above EMA(10). Now above all SMA's. Closed at its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 39.87).
IQIDragonfly doji day. Midpoint above EMA(10). Back below SMA(21). Held above its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Still above its weekly 3LB mid (11.76).
10YR YIELDBullish short day. No test of 0.0% retrace at 37.44. Back above SMA(21). Midpoint above EMA(10). Held the upper trend line. Daily 3LB reversal up (reversal is 32.12).
CRBBullish short day. Midpoint above EMA(10). Back above all SMA's. Held the 14.6% retrace (356.09). New high daily 3LB (reversal is 350.61).
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Holding above the 14.6% retrace (103.64). No daily 3LB changes (reversal is 106.41).
SILVERSpinning top day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. No daily 3LB changes (reversal is 34.11).
Do you see this bs?!?
25 comments:
Social Computing Data Repository hosts data from a collection of many different social media sites, most of which have blogging capacity. Some of the prominent social media sites included in this repository are BlogCatalog, Twitter, MyBlogLog, Digg, StumbleUpon, del.icio.us, MySpace, LiveJournal, The Unofficial Apple Weblog (TUAW), Reddit, etc. The repository contains various facets of blog data including blog site metadata like, user defined tags, predefined categories, blog site description; blog post level metadata like, user defined tags, date and time of posting; blog posts; blog post mood (which is defined as the blogger's emotions when (s)he wrote the blog post); blogger name; blog post comments; and blogger social network.
The repository has been designed in 2009 by Reza Zafarani and Huan Liu. Funding support from the Air Force Office of Scientific Research (AFOSR) and Office of Naval Research (ONR) is gratefully acknowledged. The credit also goes to our dataset creaters who made gathering this repository possible....
http://socialcomputing.asu.edu/pages/about
AAIP (as if)
5 minutes ago
By PETER SVENSSON
AP Technology Writer
(AP:NEW YORK) Research in Motion Ltd.'s stock took a hit Thursday after the maker of the BlackBerry reported revenue from its latest quarter that fell short of expectations and warned that sales in the current three-month period are shifting to cheaper models.
RIM's shares were down $6.59, or more than 10 percent, at $57.50 in extended trading after the Waterloo, Ontario, company reported results from the three months that ended Feb. 26.
It posted net income of $934 million, or $1.78 per share, for its fiscal fourth quarter. That was up 31 percent from $710 million, or $1.27 per share, a year earlier.
Analysts surveyed by FactSet expected earnings of $1.75 per share, on average.
Revenue rose 36 percent to $5.6 billion, shy of the $5.65 billion expected by analysts.
For the current quarter, ending in May, RIM said it expects earnings of $1.47 to $1.55 per share, below the average analyst forecast at $1.65. It said that was because cheaper phones would make up more of its sales in the quarter, and it's spending more on research, development, sales and marketing, especially on its new tablet, the PlayBook.
"These are investments in the future," RIM co-CEO Jim Balsillie told investors on a conference call. The decline in earnings isn't a trend, he said. The PlayBook and new "superphones" that use the same underlying software as the tablet will keep growth going, he said.
"I have many corporate clients that have approached us about, you know, each wanting tens of thousands, several tens of thousands of PlayBooks," Balsillie said....
http://news.ino.com/headlines/?newsid=689775836576710
ibid.
@AAIP (from other thread)...
Pump Truck with Long Boom Headed to Fukushima Nuclear Power Plant
March 24th, 2011
…usually used for concrete pouring…
Um... I think Sheriff Brody said it best...
We're gonna need a bigger cement mixer
Here's why...
http://everist.org/pics/Fukushima/Fukushima_pyramids.png
Rome (nor the pyramids) were not built in a day (but that's just CV relying on my lame brained "anecdotal" evidence again)...
...and besides, don't you need to smother it in LEAD before you pour concrete on it??? Just asking...
...and besides, how MUCH do two GIZA sized pyramids made of lead and concrete weight???
Chernobyl, I understand, was situated on BEDROCK... There's an engineering REASON that Manhattan can handle the weight of many skyscrapers...
@Amen Ra
"Do you see this bs?!?"
Ummm... QE18 "leaked" early???
Naw - couldn't be... Probably just some wild & crazy TD Ameritrade account holders "firing off the trade" with their pattern recognition software...
Move along - Nothing to see here...
CV
8 handles in ONE MINUTE UFB!
AR -- the rumors are flying at zerohedge re: that ES trade. Also, on EvilSpeculator, Scott (who is the forex guy) pointed out that the dollar daily candle is a retest variation buy trade setup for tomorrow. One can only hope.
Oh... & I finally figured out WTF Obama was doing down in Brazil...
Somebody in his cabinet must have told him that to BALANCE THE BUDGET in time for his re-election, & promote growth... We'd be needing A BRAZILLION DOLLARS...
So naturally he was just doing his duty going down there to get his hands on some...
What a leader!
Jennifer
re:DXY
It may be a spinning top but it also is a bullish thrusting (open higher but close above the midpoint and in the body of the previous candle).
Hey ben22.
You asked my thoughts on the market action. That little gap at 1318 was mildly "glaring" a few days ago. The market can trade up to there and still be an expanding triangle. I thinks it's setting up as a nice sellimg opportunity.
In re: silver and hochberg/prechter. Well, everyone is right occasionally.
In a sportsbar watching the games. I really need SDSU to pull this out to save my brackets.
AT,
Thanks, good luck on that trade
"A Brazillion Dollars"
thats hilarious
and a autographed picture of Ronaldo
cv--
speaking of 'firing off the Trade'..
check where it got this dude..
http://taxprof.typepad.com/taxprof_blog/2011/03/forbes-no.html
...Larry E. Tucker owed nearly $15,000 in back taxes for 1999, 2000, 2001 and knew he would have a balance due for 2002 when he received an advance in January 2003, for freelance web design work he would be doing later that year. So he decided (he told the IRS and the court), that he’d try to pay off both the IRS and his other creditors by day-trading his way to profits.
He deposited $23,700 in an E*Trade account and later, in response to margin calls, put in another $21,000. By the time Tucker threw in the towel on day trading in April 2003, he had lost $22,645 of his stake. He used what was left mostly for basic living expenses that year.
Later, when Tucker tried to settle his growing tax debt through what is known as an offer-in-compromise (OIC), the IRS turned him down on the grounds that he had “dissipated” through day trading assets he could have used to pay his tax bill in full. ... Judge David Gustafson concluded that Tucker’s “foray into day trading was purely speculative” and that the IRS was within its rights to deny the OIC.
Carlton M. Smith, Tucker’s attorney, said Wednesday morning that he and Tucker plan to appeal both this week’s decision and an earlier July 2010 Gustafson decision in the case which rejected a constitutional challenge to the way the IRS collections appeals officers who heard Tucker’s case were appointed. [Tucker v. Commissioner, 135 T.C. No. 6 (July 26, 2010)]...
ibid.
hoffer-
being an old IRS revenue officer, let me shed a little light. First, let me just say, the IRS never talks about a case, all you will hear is the taxpayer's point of view.
For an OIC to work, there has to be a reasonable assumption that the taxes owed can never be fully recovered. So . . if you are 65 with limited assets and owe the IRS a large sum, they are willing to talk about taking less.
But, if you're 40 and have a ability to make income, they will just slap an IRS lien on you for back taxes and wait it out because they can levy your wages, seize your assets and levy your bank account for as long as needed until the full amount is paid.
Dude's wasting his time, unless he is nearing retirement. Just FYI
ahab,
re: IRS, what do you believe about their being a 'subsidiary' of the IMF ?
as discussed in these, various, links..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=IRS+IMF+Not+a+USA+Government+Agency
AAIP
hoffer-
it's all good ol' USA government employees with a lot of power at relatively low pay grades . .
and they will come looking for you if you don't pay what is owed. Trust me, I know, because that's what I did.
ahab,
was just wondering if you were familar with that idea..
"unto Caesar", and all that..
ibid.
The stadium is about to erupt at the Duke/Arizona game.
Andy/Ben,
What do you think of the yen here? I'm really thinking there is a chance that the yen may be making a major, major high here last week.
If you look at the long term charts here (i.e. back to the early 1970's), you see five waves down ... with the third of third gap in 1985 when the yen gapped 800 points over the week-end. We've had a nice triangle form from the 90's end with a nice thrust through last week with a new all-time low (and a nice thrust out of the triangle from the last few months).
It's possible this is just the first wave down of this final thrust ... have to keep that in mind.
Also ... another thought ... perhaps the big move up in the DX is proceeded by the Yen being the first currency to start it's secular weakening against USD.
Andy, it would be great if you did a long-term perspective on the yen vs. USD with one of your week-end updates. Looks very classic elliot wave. Perhaps we need some sort of confirming weekly or monthly candle right now to call a top.
Just thinking there is massive potential in betting on a weakening yen here. (not thinking fundamentals here in any way, just the waves).
Steve
One last comment on the yen ... it will be interesting if we get a 5 wave move off of 76/77 hit last week. A push below 79.75 or so soon may mean we still have more of this thrust out of the triangles.
Steve,
I'll try to look at the Yen more thoroughly this weekend.
This is the sort of "event" that puts in major highs in currencies....fwiw.
SDSU screwed me, but LOVED, LOVED, LOVED every other result.
I hate Duke. I'm a Pac10 sort of guy...was great to see 'Zona cream them...also love to see Butler back in there again.
Japan's damaged nuclear plant in Fukushima has been emitting radioactive iodine and caesium at levels approaching those seen in the aftermath of the Chernobyl accident in 1986. Austrian researchers have used a worldwide network of radiation detectors – designed to spot clandestine nuclear bomb tests – to show that iodine-131 is being released at daily levels 73 per cent of those seen after the 1986 disaster. The daily amount of caesium-137 released from Fukushima Daiichi is around 60 per cent of the amount released from Chernobyl.
The difference between this accident and Chernobyl, they say, is that at Chernobyl a huge fire released large amounts of many radioactive materials, including fuel particles, in smoke. At Fukushima Daiichi, only the volatile elements, such as iodine and caesium, are bubbling off the damaged fuel. But these substances could nevertheless pose a significant health risk outside the plant.
The organisation set up to verify the Comprehensive Nuclear-Test-Ban Treaty (CTBT) has a global network of air samplers that monitor and trace the origin of around a dozen radionuclides, the radioactive elements released by atomic bomb blasts – and nuclear accidents. These measurements can be combined with wind observations to track where the radionuclides come from, and how much was released.
The level of radionuclides leaking from Fukushima Daiichi has been unclear, but the CTBT air samplers can shed some light, says Gerhard Wotawa of Austria's Central Institute for Meteorology and Geodynamics in Vienna.
Ill wind....
http://www.newscientist.com/article/dn20285-fukushima-radioactive-fallout-nears-chernobyl-levels.html
ibid.
flippin' 'Zona let Dook have it..
...The business model of healthcare is about to change dramatically, and Big Pharma needs to do something to maintain their profits. Unfortunately, they seem to have chosen the path of regulating the competition out of existence, rather than competing and innovating.
One way the drug companies have been coping is to repackage and rebrand health food supplements. Drugs like Lovaza, which is nothing more than the fish oil you can get in health food stores, and lovastatin which has been in use for roughly a thousand years (800 AD) in the form of red yeast rice. In the case of lovastatin, the FDA banned the supplements because they are "identical to a drug and, thus, subject to regulation as a drug." That is very convenient for the drug company, which now charges monopoly rents on the product -- which can increase prices at ridiculous levels.
More recently, the FDA banned 500 prescription drugs that had been on the market and working for years. To be fair, it was really 50-100 drugs (pdf), made by different companies, but that just highlights how there was actual competition in the marketplace for these drugs, which has now been removed. For all of the drugs, there is either a high-priced prescription version, or all the small manufacturers have been removed, leaving a virtual monopoly for one or more larger companies. This process began in 2006 when the FDA decided to remove marketed unapproved drugs (pdf).
The reasoning is that these drugs weren't ever technically "approved" by the FDA. While the FDA has been around for about a century, the business of having the FDA first approve drugs before they could go on the market came about closer to fifty years ago, and a bunch of "unapproved drugs" that were in common usage before that never got approved. The FDA is targeting many of those, even if they have a long history in the marketplace. Conveniently, of course, there always seems to be a pharma company with a monopolized substitute ready..."
http://www.activistpost.com/2011/03/fda-suddenly-bans-drugs-that-have-been.html
ibid.
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