A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TA1i3jD0fbI/AAAAAAAACXU/7um2KdZN-CU/s320/eye+of+hurricane.gif)
Creditcane™: C'mon Bears. I gave you the perfect opening. You have to learn how to close out the game.
![](http://4.bp.blogspot.com/-WYpCiA8sJxs/ThdvfFjSImI/AAAAAAAALx0/bEDEPGsh_xI/s200/SPX_070811.png)
Bearish harami day (better get confirmed). Midpoint above EMA(10). Above all SMA's. Held above trend line (3/6/09-7/1/10). Holding well above the 38.2% minor retrace (1312.78). No daily 3LB changes (reversal is 1307.41). QE2infinity.
![](http://4.bp.blogspot.com/-FMZ8VEWwYhs/Thdveh7wMGI/AAAAAAAALxs/VXqoeBzsIfI/s200/DXY_070811.png)
Bullish short day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (74.94). Now above SMA(89). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).
![](http://1.bp.blogspot.com/-QYpk5mmdHbg/ThdvTNM_bMI/AAAAAAAALxk/oNPIYPhbnIs/s200/VIX_070811.png)
Bearish long day. Midpoint below EMA(10). Below all SMA's. Blew through its 38.2% minor retrace (17.51). No daily 3LB changes (reversal is 21.32). Extradited back to the "no fear" zone.
![](http://3.bp.blogspot.com/-Mf7TB7fYod8/ThdvSrLnQvI/AAAAAAAALxc/6DZSYCq2CBA/s200/GOLD_070811.png)
Bullish short day (evening star fail). Midpoint above EMA(10). Held its 38.2% minor retrace (1529.89). Easily held SMA(21). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.
![](http://2.bp.blogspot.com/-opXC9GUxb48/ThdvRgwqc4I/AAAAAAAALxU/tn3D6LsqGbA/s200/EURCHF_070811.png)
Bearish long day (failed bullish harami). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (1.2019). Tested and failed SMA(21). New low on daily 3LB (reversal is 1.2304).
![](http://1.bp.blogspot.com/-AnhY6MGChKI/ThdvRVAi4AI/AAAAAAAALxM/usABS5JdEZA/s200/JNK_070811.png)
Bullish long day (yet closed lower). Midpoint above EMA(10). Held SMA(89). Held its 61.8%% retrace (40.20). Held above trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.93).
![](http://3.bp.blogspot.com/-UrIM14qeLcU/ThdvQ2yq2rI/AAAAAAAALxE/WMWklyZ-eAA/s200/10YR_070811.png)
Bearish LONG day. Tested and failed SMA(21). Midpoint above EMA(10). Failed its 38.2% retrace (31.19) and 61.8% minor retrace (30.18). Back below the upper trend line. No daily 3LB changes (reversal is 29.09).
![](http://1.bp.blogspot.com/--oeKESrctwI/Thdu3KdfyiI/AAAAAAAALw8/pAN7hYh40s4/s200/WTI_070811.png)
Bearish engulfing day. Held SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (96.60). No dally 3LB changes (reversal is 91.02).
![](http://1.bp.blogspot.com/-K1Q8632wQzA/Thdu2s5lfAI/AAAAAAAALw0/o3ajZ5zeNLg/s200/SILVER_070811.png)
Bullish short day. Held SMA(21). Midpoint above EMA(10). Back above the upper trend line. Held its 61.8% retrace (35.20). No daily 3LB changes (reversal is 37.88).
![](http://3.bp.blogspot.com/-9wXiwAwVZJU/Thdu2LM9LKI/AAAAAAAALws/irS2AdRs4Es/s200/BKX_070811.png)
Bearish long day (closed gap). Midpoint above EMA(10). Failing SMA(55). Failed its 61.8% retrace (48.82). No daily 3LB changes (reversal is 46.64).
![](http://1.bp.blogspot.com/-udi2o0XFw68/Thdu1q69FkI/AAAAAAAALwk/rBsnBI3-WhI/s200/HYGLQD_070811.png)
Spinning top day. Failed SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% retrace (0.8252). No daily 3LB changes (reversal is 0.8146).
![](http://2.bp.blogspot.com/-eR2ywmUHzOk/Thdu1IzgZQI/AAAAAAAALwc/qLsIV3Hx2-A/s200/TLT_070811.png)
Bullish harami day. Midpoint below EMA(10). Held SMA(89). Trading below its upper trend line. Tested and failed its 38.2% retrace#1 (94.22). No daily 3LB changes (reversal is 94.88).
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TG3WyNDKDcI/AAAAAAAAD7s/oGqN2NTLwHY/s320/infinity_symbol.jpg)
IT HAS BEGUN. BE WARNED.
26 comments:
Jetpack! ... or Jetback
The long awaited, occasionally discussed, (St. Tropez water-propelled version) is here ...
http://www.cbssports.com/mcc/blogs/entry/22748484/30520384
$5k for a ride ... now where did I leave my red, white and black air jordans
AT,
have fun man, I haven't been in Vegas since 2005
Mirage is close to Luxor, down toward MGM? I can't really remember
but, if that's the place that has Rum Jungle inside of it, if that's still there....it's a good time, check it out.
they have a cool aquarium in there as well if I'm thinking of the right place, the last room is like a sunken ship, sharks swim all around you, prettay cool.
anyway, tear it up, try some pai gow poker
Jet Pak rides for $5k
what else would I do with the papery hundo's
tempted.....very tempted
Thanks Ben. Not to sound like a 'dork,' but when I got to Vegas, I normally stay in the Nugget downtown--big time Houston connection for that hotel. Also, downtown is the 'value' buy IMO.
So, staying anywhere on the Strip will be different.
"Funny" that the 61.8% retrace of the recent 90pt advance comes in at 1295, the main 'pivot point' for the last few weeks.
Now to sound like a 'wuss,' but the trading posture would have to be to either:
a) Sell the breakout above 1370 if it happens with NO stops.
b) Buy in front of 1300 and any good pullback. Dedicate only 10% of your max position on this idea...cuz' it could get 'choppy' if it breaks below 1295.
DXY formed a nice triangle...
Who could've know'd??
http://www.scribd.com/doc/57105943/US-Dollar-Short-Term-Update-4JUN11
The next new low on the DXY, if we get it, will be a good buying opportunity. As it stands, it sure looks like a bearish triangle right now.
2small2bail...
One of my favorite 'handles' along with Prosciutto Gristle.
I thot the name of the blog should have been 2small2bail ...
Love it. Jet Paks bitchez'
Coming to a store near you soon.
H*** S*** AT,
did We, really, 'go to different Schools, Together' ?
it is, sometimes, hard for me to Imagine--How similar our POVs are..
anyway, have a Good Time in LV, and, sorry to say, "Know when to say When." ;)
AAIP
"Only 9 more years until the next census."
http://www.bloomberg.com/news/2011-07-08/caterpillar-accused-of-demoting-tax-whistleblower.html
Contrast with:
http://www.comedycentral.com/videos/index.jhtml?title=tron-carter-s-law---order&videoId=219426
(Mildly humorous up until Chappelle's overdone "singing", starting at the 5:00 mark.)
I see the Pres squashed the mary jane proposal
the white house claims that mj is addictive and has no medical benefits at all, just too dangerous really
anyway, off to the store to grab a pack of smokes, which are apparently NOT addictive and have serious medical benefits.
This is funny (ht - ZH)... bolded = CV's 'adds'...
The New Wall Street Reality 2011
•1st of the month=housing showing signs of life
•15th of the month=housing showing signs of stabilization
•The reality of shadow inventory=never mentioned
•Single dip= reality
•Double dip=reality reminder
•Robbing American citizens blind=stabilization between the first and second dip
•I’m broke= "restraints in income......."
•Your grandmother’s broke=QE2
•Everyone’s broke=bad weather was a factor
•The unexplained rise in sales of cat food=QE3 is an unequivocal success
•The end of free markets=victory for the bulls
•Fake statistics=bears caught off guard
•Soon to be revised statistics=bull rally continues
•Inevitable revision of statistics=POMO day
•1000 point drop=Waddell and Reed sold something
•No human is stupid enough to buy stocks=another round of cuts on Wall Street
•Some humans still actually do buy stocks =UNEXPLAINABLE
•Oil at $120=QEx
•Oil at $100=QEx
•Oil @ $90=QEx
•Oil @ $50=A huge boon to the economy
•QEx=put it together yourself
•Hard times=’Summer of Recovery’
•Harder times=”Welcome to the Recovery”
•Rats on a sinking ship=U.S. Economic recovery team
•Guy who cut more jobs here than created=Jobs council leader
•Guy who lost a billion dollars=Chief economic advisor
•Guy who cheated on his taxes=treasury secretary
•NY fed chief who bought house near the top of the fed induced housing bubble=same guy
•Guy who completely missed housing bubble=guy to help fix housing depression
•Joke= economist
•Bad joke= Wall Street economist
•The joke of jokes=Joseph Lavorgna
•Guy who's most likely to put a Joe Lavorgna analysis on his blog = Barry Ritholtz
•People who believe Barry Ritholtz is Paul Krugman's 'separated at birth twin'=people who comment on this blog
•100,000 jobs created =recovery
•18,000 jobs created=soft patch
•Surge in pitchfork sales=rescindment of birth/death model
•Record stealing=trillion dollar stimulus
•Massive Theft=QE2
•Complicit to it all=congress and senate
•Global kleptocracy=The ‘New Normal’
•In prison=Bernie Madoff
And the one we should all be very, very wary of:
•U.S. TROOPS HAVE JUST INVADED CANADA= “monthly jobs print has just come in at -72,000”
@CV
And the one we should all be very, very wary of:
•U.S. TROOPS HAVE JUST INVADED CANADA= “monthly jobs print has just come in at -72,000”
Americans needn't be wary...Canadians oth...might simply find themselves having to adjust...quite possibly within my lifetime. And if not by invasion...then by trade and chaos(theory) related processes of assimilation. It's inherently way too rich a plum.
Proximity plus strategic and economic necessity and reality over the next hundred years will constitute the final outcome...whether I like it or not.
Well THAT wasn't a choke job at all! (US Women's soccer)...
Very Mike Eruzione ending there (maybe they got CV's Herb Brooks speech from the other nite)...
I gotta say, I thot Amy Wambach was offsides on the play where they scored the tying goal, but, it didn't get called, and instead Brazil choked ...
Eerily, that tied the score at 2-2 (just like Mark Johnson's goal tied the game at 2-2 at the end of the first period - which was controversial, because the Soviets contended time had expired - afterwards, they pulled Myshkin - arguably the best goalkeeper in the world - and basically choked)...
The US had to come from behind in every game of that Olympics (even the eventual finals vs. Finland)...
@Mel
"strategic and economic necessity and reality over the next hundred years"
Yeah, basically the "strategic & economic necessity" of Americans to sit on their fat lazy asses, eat Cheetos, watch dwts, (get their gas & mortgage paid for them", & pontificate & posture about liberal social causes while invading & plundering other countries with our Peace Prize winning teleprompter in chief...
You mean THAT "strategic & economic necessity"???
The shoe fits CV.
I gave up on the Cdn womens soccer team days ago.
The 12th largest exporter of arms to 70 countries in the world (including Tunisia) is currently dropping bombs on the place.
As for the extra large double meat and cheese loaded, cheetos sprinkled cheesecake followed by 2 litres of coke crowd? They get off their fat asses only long enough to visit the big box stores once a week to replenish the pantry. I avoid the mall like the plague. The asses wobbling around those places invariably clad in white polyester... weigh more than I do. And that's just the women. And no...that's not about misogyny...it's about aesthetics...and more importantly...the tax and ongoing social costs in the land of universal health care.
@Mel
...as long as you 'keep em alive' & 'promise em free shit'... well, they have a vote, and might just vote for YOU...
So make sure you tell em what they want to hear...
- the stock market is up
- the home team is winning
- the 'tear our wrists' are over there yonder
- some celebrity couple is breaking up
- another celebrity couple is getting back together
- you can lose that 50 pounds in 10 days on this special plan
- ...while eating cheetos (which happen to be on sale right now - hurry on over while supplies last)...
@CV
I could be wrong...but I suspect no one's going to end up on a deathbed wishing for more free shit or another hour of Bachelor.
And now that I'm beginning to sound like a grumpy old man...'nuff said;-)
@Mel
I'm just wonering at what point they'll show up at my door & haul me off to the gulag for suggesting that people could 'aim a little higher' when it came down to the choice for getting free shit or not...
I was just opening a 'non-existent' fortune cookie while I was typing that, an the 'non-existent' fortune inside read:
"You simplify your life in many ways an find great rewards"
It left out the part that was supposed to say that those rewards I'd probably end up finding in the gulag...
But i have THAT going for me anyway!
@CV
The gulag thing has reared its ugly head in the past, of course.
There's been a farm in my family since the late nineteenth century. However, that fact didn't preclude the RCMP from investigating my great-grandfather in 1914, and what they construed to be his German "sympathies"...because his original papers indicated emigration from Austria.
He managed to escape that hook, only to be investigated again in '17 because that part of the Austro-Hungarian empire became bolshevik...narrowly escaping a work camp. Go figure...all he wanted to do was escape that bullshit.
Good thing they didn't find his still.
http://www.ft.com/intl/cms/s/0/5ffeabf0-ab09-11e0-b4d8-00144feabdc0.html#axzz1Rjpko0HN
EU stance shifts on Greece default
By Peter Spiegel in Brussels and Patrick Jenkins in London
European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country’s overall debt levels on a sustainable footing.
The new strategy, to be discussed at a Brussels meeting of eurozone finance ministers on Monday, could also include new concessions by Greece’s European lenders to reduce Athens’ debt, such as further lowering interest rates on bail-out loans and a broad-based bond buyback programme. It also marks the possible abandonment of a French-backed plan for banks to roll-over their Greek debt.
Mel,
interesting, are you from the "Plains Provicences" (AB, SK, MB) ?
My Grandfather, and Brother + Uncle, came over--from the Austro-Hungarian Empire-- and, landed in SK -- ~1907
AAIP
@Mark
SK...and yes...you can refer to me as a Canuck bohunk;-)
@CV, this has a pretty good look at the Wambach goal, definitely not offside:
http://www.youtube.com/watch?v=95JXLwF6G_o
That ball by Rapinoe was just fantastic....
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