A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
"You can't run forever Bernanke."
Creditcane™: I feel so good all over.
SPX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed the 38.2% minor retrace (1122.84). No daily 3LB changes (reversal is 1254.05). QE2infinity. Still below daily, weekly & monthly 3LB mids.
DXY
Bearish short day. Midpoint below EMA(10). Holding above its 0.0% retrace (73.51). Tested and failed the 38.2% minor retrace (74.40). Still below all SMA's. No daily 3LB changes (reversal is 75.75).
VIX
Hanging man day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (39.25). No daily 3LB changes (reversal is 25.25). Ran back into the arms of the "extreme fear" zone.
GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its new 0.0% retrace (1832.00). Still above all SMA's. New high on daily 3LB (reversal is 1785.00). Must have the precious.
EURCHF
Bearish short day. Midpoint above EMA(10). Holding above its 61.8%% retrace (1.1078). Holding SMA(21). No daily 3LB changes (reversal is 1.1266). The boulder is getting heavier Sissyphus. Don't slip.
JNK
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (38.07). No daily 3LB changes (reversal is 39.59).
10YR YIELD
Bearish short day (didn't confirm hammer). Failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (21.73). Still below the upper trend line. New low on daily 3LB (reversal is 21.82).
WTI
Bullish thrusting day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (850.17). No dally 3LB changes (reversal is 91.93).
SILVER
Bullish long day. Trading above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (40.69). Daily 3LB reversal up (reversal is 37.89).
BKX
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 0.0% retrace (36.55). New low on daily 3LB (reversal is 41.42).
HYG/LQD
Bearish short day. Failing all SMA's. Midpoint below EMA(10). No test of its 0.0% retrace (0.7427). Tested and failed its 38.2% minor retrace (0.7585). No daily 3LB changes (reversal is 0.7910).
IT HAS BEGUN. BE WARNED.
31 comments:
I'd fight Bernanke.
Agent 007 James Bond has nothing on German engineering student Mario Böhme, who developed a portable jetpack as a fun project.
A rocket drive buckled to the back of a pilot provides thrust for a lift off-at least in theory.
What's particularly interesting about his design is the use of plastic bearings in the overall construction, including in the control handles and in the system that bears the pilot's weight.
"I considered other materials, but the plastic bearings had the lowest weight and will show less failure based on corrosion processes," says Böhme. The propulsion reaction generates corrosive gases that are more damaging to metal than the specially developed plastic compound used in the bearings.
A plastic rod end bearing holds the whole rocket assembly together and covers the pilot's weight. "If this bearing fails, the rocket assembly will separate from the pilot - the pilot will fall down," says Böhme. "So it must be proven that the bearing can cover the stress during the flight. For safety reasons the bearing will be replaced after a couple of flights."
The temperature for the bearings in the jetpack will not exceed 40C (104F), according to Böhme.
"The whole project was planned, designed and built by just one person - me," says Böhme. "Some parts were bought as off the shelf parts, but this was just a handful. The other parts were designed and calculated by myself with the latest CAD technology I could use at my university."..."
http://www.designnews.com/document.asp?doc_id=230503
one for Mc22 ~
ibid.
Probably a good day to exit treasuries.
Atonement Dinner
Part I
"Winston, come into the dining room, it's time to eat," Julia yelled to her husband.
"In a minute, honey, it's a tie score," he answered.
Actually Winston wasn't very interested in the traditional holiday football game between Detroit and Washington. Ever since the government passed the Civility in Sports Statute of 2017, outlawing tackle football for its "unseemly violence" and the "bad example it sets for the rest of the world", Winston was far less of a football fan than he used to be.
Two-hand touch wasn't nearly as exciting. Yet it wasn't the game that Winston was uninterested in. It was more the thought of eating another Tofu Turkey . Even though it was the best type of Veggie Meat available after the government revised the American Anti-Obesity Act of 2018, adding fowl to the list of federally-forbidden foods, (which already included potatoes, cranberry sauce, and mincemeat pie), it wasn't anything like real turkey.
And ever since the government officially changed the name of "Thanksgiving Day" to "A National Day of Atonement" in 2020, to officially acknowledge the Pilgrims' historically brutal treatment of Native Americans, the holiday had lost a lot of its luster.
Eating in the dining room was also a bit daunting.
The unearthly gleam of government-mandated fluorescent light bulbs made the Tofu Turkey look even weirder than it actually was, and the room was always cold.
Ever since Congress passed the Power Conservation Act of 2016, mandating all thermostats - which were monitored and controlled by the electric company - be kept at 68 degrees, every room on the north side of the house was barely tolerable throughout the entire winter.
Still, it was good getting together with family. Or at least most of the family.
Winston missed his mother, who passed on in October, when she had used up her legal allotment of life-saving medical treatment.
He had had many heated conversations with the Regional Health Consortium, spawned when the private insurance market finally went bankrupt, and everyone was forced into the government health care program. And though he demanded she be kept on her treatment, it was a futile effort.
"The RHC's resources are limited", explained the government bureaucrat Winston spoke with on the phone. "Your mother received all the benefits to which she was entitled. I'm sorry for your loss."
Ed couldn't make it either. He had forgotten to plug in his electric car last night, the only kind available after the Anti-Fossil Fuel Bill of 2021 outlawed the use of the combustion engines - for everyone but government officials.
The fifty mile round trip was about ten miles too far, and Ed didn't want to spend a frosty night on the road somewhere between here and there.
Thankfully, Winston's brother, John, and his wife were flying in.
Winston made sure that the dining room chairs had extra cushions for the occasion.
No one complained more than John about the pain of sitting down so soon after the government-mandated cavity searches at airports, which severely aggravated his hemorrhoids.
Ever since a terrorist successfully smuggled a cavity bomb onto a jetliner, the TSA told Americans the added "inconvenience" was an "absolute necessity" in order to stay "one step ahead of the terrorists."
Winston's own body had grown accustomed to such probing ever since the government expanded their scope to just about anywhere a crowd gathered, via Anti-Profiling Act of 2017. That law made it a crime to single out any group or individual for "unequal scrutiny," even when probable cause was involved. Thus, cavity searches at malls, train stations, bus depots, etc., etc., had become almost routine.
Almost.
Part II
The Supreme Court is reviewing the statute, but most Americans expect a Court composed of six progressives and three conservatives to leave the law intact.
"A living Constitution is extremely flexible", said the Court's eldest member, Elena Kagan. " Europe has had laws like this one for years. We should learn from their example", she added.
Winston's thoughts turned to his own children.
He got along fairly well with his 12-year-old daughter, Brittany, mostly because she ignored him.
Winston had long ago surrendered to the idea that she could text anyone at any time, even during Atonement Dinner.
Their only real confrontation had occurred when he limited her to 50,000 texts a month, explaining that was all he could afford.
She whined for a week, but got over it.
His 16-year-old son, Jason, was another matter altogether. Perhaps it was the constant bombarding he got in public school that global warming, the bird flu, terrorism, or any of a number of other calamities were "just around the corner", but Jason had developed a kind of nihilistic attitude that ranged between simmering surliness and outright hostility.
It didn't help that Jason had reported his father to the police for smoking a cigarette in the house, an act made criminal by the Smoking Control Statute of 2018, which outlawed smoking anywhere within 500 feet of another human being.
Winston paid the $5,000 fine, which might have been considered excessive before the American dollar became virtually worthless as a result of QE13.
The latest round of quantitative easing the federal government initiated was, once again, to "spur economic growth."
This time, they promised to push unemployment below its years-long rate of 18%, but Winston was not particularly hopeful.
Yet the family had a lot for which to be thankful, Winston thought, before remembering it was a Day of Atonement.
At least, he had his memories.
He felt a twinge of sadness when he realized his children would never know what life was like in the Good Old Days, long before government promises to make life "fair for everyone" realized their full potential.
Winston, like so many of his fellow Americans, never realized how much things could change when they didn't happen all at once, but little by little, so people could get used to them.
He wondered what might have happened if the public had stood up while there was still time, maybe back around 2011, when all the real nonsense began.
"Maybe we wouldn't be where we are today if we'd just said 'enough is enough' when we had the chance," he thought.
Maybe so, Winston. Maybe so. . . .
Jetpacks bitchez!
QQQQ
Nice story. Yours?
AR, nope, from a ZH poster, guess I should have stated that, sorry... interesting story though, makes ya think.
chart silver and gold racing up, gaso still positive YTD, the rest, fighting for -10% YTD return spot.
CV's 2011 NFL Preseason Picks
-currently on a 6 game roll bitchez (after nailing the FALCONS yesterday)-
---
--- Saturday 8/20 games
Tennessee at St. Louis (-4)
You're going to have to start getting on board with the idea that the Rams might win the NFC West this year (CV has them in a neck & neck race with the Arizona Cardinals & a lot of that might have to do with head to head matchups between divisional match-ups & the resulting tiebreaker formula)...
The Rams made an "un-talked-about" improvement in the offseason by bringing in Josh McDaniel as offensive coordinator... While he was maligned (rightfully so) as an arrogant head coach in Denver... running offenses is really his deal... & if he can manage to make Kyle Orton look like Joe Montana, I'm sure Sam Bradford will receive a commensurate bump in production...
The TITANS (otherwise known as "Flaming Thumbtacks" in CV parlance) are now solidly ensconced in rebuild mode... That ought to be evident in the dynamics of this match-up...
I do think that the Titans will be more interested in playing hard than the Colts were last week... So I can't recommend giving points on this outcome...
New Orleans at Houston (-2½)
I've made it clear that CV thinks the Saints will represent the NFC in the next SuperBowl... I can't really see how that will have any effect on this game...
The Texans didn't even start Arian Foster or Andre Johnson vs. the Jets last week & would have probably have LOST that game save for a dropped td pass (by the Jets) in the end zone at the end of the game...
These teams are playing their cards close to the vest at this point in the pre-season... PASS
Oakland at San Francisco (-4)
Both basically looked horrible in the first game of the pre-season... But I gotta think that the Raiders are the team that has the greater 'continuity' factor here... For those 'in the know'... For a statement that the Raiders have a > continuity factor than ANYTHING is like a GOOGLEPLEX SIGMA event (so I'll honor the occasion by taking them [& of course - the points] for (1 unit)...
Buffalo at Denver (-5½)
Just because Denver WILL NOT be laying five and a half points to ANYONE (not named the Washington State Cougar Junior Varsity) in the next 5 years, I ought to lay the points here just for ceremony...
Nah... I like making money better (or in this case - not losing it)... It's hard to bet AGAINST Denver either (who can just put Tim Tebow on the field in junk time to run around & wreak havoc on the most meticulously planned schemes)... In poker terms... 'Check'...
Minnesota at Seattle (-3)
OK, so here we get to see 'last years' Vikings play 'this years' Vikings (as half the team, coaches & staff were shipped to Pete Carroll to see if HE, was in fact, capable of being more of an idiot than Brad Childress)...
I doubt even the '12th' man will buy a ticket to this contest...
...as a recap...
I'm taking the RAIDERS for (1 unit)...
All the other games are 'pass city' (meaning NO BET)...
Probably the most interesting of the rest would be Titans-Rams...
The Rams are kind of inching onto bettors radar screens as the 'sexy pick' (which in CV's world means they're overvalued)...
Also - Everyone knows that Chris Johnson is holding out & Kenny Britt is in the news every other day with his drunk driving escapades...
To me??? Javon Ringer looked pretty good last week (& as long as his knee isn't too bad - which he dinged in practice the other day)... & if Matt Hasslebeck really still wants to be a 1st string QB in this league... & other things...
Aww hell... I'll put a HALF unit on the Titans here if you give me 4 points...
@CV
Do you ever do PPR, IDP or Dynasty or just stick with Redraft w/wo modified scoring? Seems like IDP would be a full time job...
2s2b
Of note also...
If any of you get the NFL channel, you ought to watch the replay of the Ravens-Chiefs game yesterday...
Just FF to the end (but pause to watch Lee Evans 3 receptions first)...
---
Watch... like... the last quarter (or - after the game was 17-13)...
OK... Y'all think that in the 'markets' (& in life - as with blogs, & Ritholtz, an all these 'yackety yak MF-ers', that CV just sits around & makes stuff up about people (profiling & all)...
Well, the end of that game is a perfect example of... CV doesn't MAKE SHIT UP... (I'm going to get to my 'long standing' criticism of Todd Haley momentarily)... But follow me on this...
Here's how it went down...
The Ravens are up by 4 late in the game, AT HOME, against an inferior opponent... The dynamics of that SITUATION is that you're deep into your scrubs... An NFL team starts with about 90+ players in camp & has to whittle that own to the final 52 by the end of pre-season... THIS season it's WORSE because with this new kickoff rule... WELL... Most 'marginal' players (think VINCE PAPALI) have only ONE HOPE of making the roster, & that's as a special teams dynamo...
So anyway... Ravens have Tyrod Taylor as their backup QB (who made - at one point - what CV considers to be the most 'ankle breaking' move on someone in the NFL since Randall Cunningham)... (at (1:50)
http://www.youtube.com/watch?v=Tc-eQLJG5Sk
...but that's not the point... Basically - Jim Harbaugh, on the last 3 possessions... when all he needed to do was run out the clock & punch out... Kept having Tyrod Taylor throw downfield (which resulted in 2 quick trips to the red zone)...
The last one was particularly funny (because he even called TIME OUT at the goal line with a few seconds left just to run another play and score another td...
Running up the score???
OK... Here's the deal...
1. This is the NFL... It's not pop warner, it's not ncaa... You're paid professionals...
2. But that's not the main point... Harbaugh was doing what he was doing for a combination of reasons...
a)Some of these guys are playing their guts out in camp just to have ONE SHOT at glory (because they'll probably end up getting cut - OR - some other team may watch game film & pick them up after they've been cut... If you're ON THE BENCH, or if you're just KNEELING dOWN, there's no good game film on that... Harbaugh is HONORING these types (& handing out game balls as a 'thank you' for your effort)... That's why the players love him...
b)In this "new kickoff" environment... The only way to see plays... is... well... PLAYS... Meaning... No 'kneel downs'... Play ball for 60 minutes...
So anyway... Instead you have this jerkwad Haley (who CV has called out numerous times in the past)... Thinking that this is just some cheap maneuver by Harbaugh to make HIM look bad...
IOW - @sshole Haley is more concerned about his own pride than...
a)Giving his own players the same opportunity as Harbaugh
b)TEACHING the 'mentality' TO his players that this is a pro league & you're expected to play hard for 60 minutes...
That's WHY he's a fucking LOSER & why the Chiefs will regress this year (but of course CV just makes this stuff up)...
You have to watch the end of the game to see the reaction... Harbaugh goes to shake Haley's hand & make the explanation that he wasn't trying to run up the score, he was just trying to honor some players... Haley basically 'stiffs' him...
This isn't a FIRST for Haley... Last year (vs. former colleague Josh Mcdaniels)...
http://www.youtube.com/watch?v=88mxKNPHkdY&feature=related
oh yeah... & later apologizes...
http://www.youtube.com/watch?v=OW76OzpKrWE&feature=related
Haley is an idiot... Chiefs are going nowhere... (& CV makes it all up as he goes along)...
@2s2b
I've never done PPR or IdP...
PPR doesn't interest me (because the reward is kind of bogus)... It turns the 'danny Woodheads' of the league into Andre Johnson...
IdP is sort of bogus as well (because it can be totally 'matchup' based)...
I like the idea of 'dynasty' leagues (but you have to find the right core of guys)...
@2s2b
To be more clear...
I don't mind so much the 'aspect' of idp being matchup based, but I feel that the overall league should keep at least SOME integrity towards the original draft (iow - someone who doesn't 'factor in' that a, say, Frank Gore, will probably miss at least 2-3 games due to injury, OR, that Ray Rice has to play the Steelers run defense twice a year, deserves to take his lumps on BYE WEEK WINdOWS)...
So if you're winning by doing the 'Curly Shuffle'
http://www.youtube.com/watch?v=mBiHysKnvGs
with idp's... Well - that's good, but it's skewed...
If I were going to do an idp, I'd want the league to have a WAIVER budget for pickups (not a 'rotational' one)... It'd be more FAIR that way...
@2s2b
If not a 'waiver buget'... Perhaps a MAX MOVES cap...
CV fell victim to this (in a league I was 'commish' - lol) 2 years back...
I shot my wad too early (on moves)... & had NOTHING in the tank come crunch time (when you REALLY need it because players might be in the hospital by then)...
---
I'm in a fantasy baseball league right now (& vying for the title)...
There's one dude ahead of me right now (but we are BOTH guaranteed playoff spots)...
He's BLOWN his wad almost on roster moves... He won't be able to make it thru the last week of the season & the 3 week playoff stretch... If somebody goes down...
- someone gets beaned
- a pitcher gets a blister
- someone pulls a groin or hammy
- bad slide
- diving catch
- crash into the wall
- somebody goes COLd
- rainouts
- the flu
- family bereavements
- precision moves
- whatever
He's TOAST
I agree on that PPR sentiment...draft prep to be competitive gets more complicated.
I wonder who this year's Arian Foster will be in live drafts (of course it will vary based on the draft competition) ... does the 'Roll Tide' back go much earlier than ADP or maybe the sleeper WR4 is that KR from Ben's Raiderz ... good luck in the drafts
2s2b
Bottom line...
FANTASY Sports games teach you to be even a better disciplinary 'hedger' than even the MARKETS do...
You have to think 360 degrees all the time (& play VERY THIN margins of probability)...
SAD NEWS: Please join me in remembering yet another great icon of the entertainment community. The Pillsbury Dough boy died yesterday of a yeast infection and traumatic complicatons from repeated pokes in the belly. He was 71. Dough boy was survived by his wife Play Dough, 3 children John Dough, Jane Dough, and Dill Dough. Plus they had one in the oven. Services were held at 3:50 pm for about 20 minutes.
sleeper WR4 is that KR from Ben's Raiderz
Sleeper #4 IS NOT someone who has Jason Campbell chucking to him (whilst having hammy & knee problems)...
WR4... ask Matthew & LB... Is the 'bond market' (on draft day)... worry about 'matchups' later...
WR#4 is 'XXX-XXXX'... (you can use WOPR to decipher that)...
Andy & Ben are in CV's draft... I can't reveal ALL the secrets here...
@Crescent Puffs
The only 'DOUGH BOY' that I'm familiar with is Ritholtz...
May he RIP as well... (my humblest offering)...
Little does anyone kno...
But Morris Day wrote a song about everyone's favorite...
'Dough Boy Who hangs around Wall St. & Blogs'
---
http://www.youtube.com/watch?v=39Z-kE08P1U&feature=related
Apparently Dough Girl wants a shot at the title:
728-Pound Woman Aiming to Be World's Heaviest of All Time
http://www.foxnews.com/health/2011/08/18/728-pound-woman-aiming-to-be-worlds-heaviest-all-time/
And working the flip side of dietary hypocrisy...right on the heels of Q's posts...Mike Bloomberg.
http://www.huffingtonpost.com/dan-pashman/the-mike-bloomberg-diet_b_298612.html
If there was a trophy for football minutia and interpretation....who do you think would win?
Weekly 3LB Update 8/19/11
Hey folks.
First day of school on Monday...been sort of busy today purging the house of crap...working on Marathon training,etc...
So, sort of out of pocket today.
@CV. Man, I gotta tell you...betting on the PreSeason games...that's courage bro'.
They just seem too random for my taste....
Fantasy Football bitchez....I'm gettting pumped.
"We were Promised Jetpacks" bitchez....
http://www.youtube.com/watch?v=G5ZhBAylbN4
Hey. AR, if it's OK with you, can I move my post to last Sunday/early Monday morning.
I've got some stuff I want to get out, but my weekends been "fuller" than I had expected.
Andy T
Go right ahead.
CV's 2011 NFL Preseason Picks
---
Cincinnati at New York Jets (-6.5)
Normally, I'd advise against giving 6.5 points... But here we have Rex Ryan (without a win) in the pre-season while the Patriots are cutting up the pre-season like a hot knife thru butter... Jets for 1 unit
San Diego at Dallas (-1)
Nothing to say here... no action...
http://www.finviz.com/futures_charts.ashx?t=SB
cv--
'Fantasy Football', aside..
you were asking, back in ~"early May", ~"What about the 'Sweet Stuff'?"
literally, given the Response, it's too bad that you, too, didn't get Long 'the Paper'-Sweetener..
still, at the 'End of, even, these Daze', the 'extra Paperbacks' bear 'Dividends'..
remember, the ol' adage.."Come Cash Flow, Come P***y.."
ibid.
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