What round are we in?
Creditcane™: The bulls couldn't get out fast enough as I snuck in during the final hour.
SPXBullish harami day. Midpoint below EMA(10). Tested and failed SMA(21) & SMA(55). Failing the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1258.47). QE2infinity. Still above weekly 3LB mid but below the monthly 3LB mid.
DXYBearish harami day. Midpoint above EMA(10). Holding above the 100.0% retrace (79.60). Holding above all SMA's. No daily 3LB changes (reversal is 79.14). Confirming the monthly 3LB reversal up.
VIXBullish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% retrace (26.16). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).
GOLDSpinning top day (possible morning star?). Midpoint below EMA(10). Tested and failed its 61.8% retrace (1592.30). Tested and failed SMA(233). New low on daily 3LB (reversal is 1802.90). Must have the precious.
EURUSDBullish harami day. Midpoint below EMA(10). Still failing all SMA's. Tested and barely held its 0.0% retrace (1.3009). No daily 3LB changes (reversal is 1.3239).
JNKBearish short day. Midpoint above EMA(10). Holding above SMA(89). Failing its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.30).
10YR YIELDBullish harami day. Failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (18.96). No daily 3LB changes (reversal is 21.17).
WTIBearish short day. Failing SMA(21,233). Midpoint below EMA(10). Failing its 50.0% retrace (97.35). New low on dally 3LB (reversal is 98.34). Not confirming the monthly 3LB reversal down.
SILVERDoji day (possible bullish harami). Failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (29.76). No daily 3LB changes (reversal is 30.17).
BKXBearish short day. Midpoint below EMA(10). Tested and failed SMA(21,89). Tested and failed its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).
HYG/LQDBearish short day. Holding above SMA(21). Midpoint at EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7693).
USDJPYBearish short day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% minor retrace (78.019). No daily 3LB changes (reversal is 75.70).
EEMBearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (37.42). No daily 3LB changes (reversal is 36.10).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
@ben
follow thru on last thread...
I understand your points... But I STILL have objections... Most of it has to do with with what I will STILL describe as:
- The selective 'mining' of data
- & the selective use of such data in a way that paints a valid story
With regards to the WEALTH GAP thesis... I have no inclination to argue any data points (factual or not), that you may use to produce an argument...
I DO... However... Probably have LOTS & LOTS of objections to what thesis anyone wants to spin using that data & especially how it's framed, who "the jury" is, and what's omitted...
I do this ALL THE TIME when I do football picks... It drives me "batshit insane" to listen to PAID sportswriters (on TV & otherwise in journalism) to do a jack shit analysis on a game because they've "MINED SOME DATA"...
Example:
When the BILLS were off to a great start... The whole complex was abuzz... They were talking about how great the Bills were... (Both offensively & defensively)... Instead, I started looking at all the statistical anomalies (basic luck) that had been occurring... I started FADING the Bills as early as the Cincinnati game...
Then... The Bills started losing key personnel to injury... The fucking retards in sports journalism don't notice if you lose a Leodis Mckelvin, or a nose tackle... They only notice when Mike Vick gets hurt... Hell - The Cincinnati Bengals have lost 2 out of the last 3 since Leon Hall went down...
Leon Hall??? Who'e he???? E-X-A-C-T-L-Y...
Instead... They'll just look at a matchup... & because they're basically dickhead dweebs, the only way they know how to predict an outcome is by MINING SOME DATA...
They see... "So & So has the #1 ranked defense, so this next game is going to be a struggle to score points on offense for the next team"...
yeah - they forgot to notice that the teams that the team with the #1 defense played were the Rams, Browns, Jaguars, and whatever OTHER offensively incompetent teams there are in the NFL...
Oh yeah, but this week they're going to make Tom Brady look like Kyle Boller...
Hey man... It's YOUR hard earned cash... Spend (or 'bet' it) as you wish on your fancy data mining skills...
That's why I like guys like Kyle Bass & Hugh hendry...
Kyle Bass didn't come up with an idea to exchange for $1,000,000 in nickles because he mined some data...
You gotta think outside the box to come up with an idea like that...
Put down the drink and turn away from the computer as soon as you read this: http://www.zerohedge.com/news/revised-efsf-draft-shows-italy-spain-responsible-one-third-european-bailout-funding
Revised EFSF Draft Shows Italy, Spain Responsible For One Third Of European Bailout Funding
ROTFLMAO
CV,
Look dude, as I said earlier, whatever you are saying/trying to do here
I'm not getting it and to me it appears pointless, you just want to argue
I state X amount of people made over 10 million in 07, half of that made that much last year, and further review of the data shows that income has in fact changed hands in some ways since 2007 and is always in a constant state of flux while also stating it was still above historically normal levels concluding that on some level the government is misleading people with their rhetoric and in fact helps the gap that they apparently think is unfair keep going through their very own policies. Pretty basic stuff.
You decided that this was data mining, which as an aside everyone believes that is a bad word but it in fact has practical application, had to do with which tax returns people filled out or what deductions they took and then somehow spun that into relating to Warren Buffett's secretaries tax rate and now the Bengals have even now entered into the conversation. We've gone all the way.
As for Kyle Bass and Hugh Hendry, yeah, we all love them and they are both bright but sure, they never look at any data, they simply think outside the box, thats fucking hilarious.
Did you watch the recent Bass videos that are out there? The hour long presentation he gave..... Do you think that he has just sat around thinking "outside the box" (WTF does that even mean?) or does it appear to you that he has studied every single figure of every single country in the EU and has formed a thesis as to what he thinks is most probable as a result of that?
And bass, yes sure, YOU LOVE that nickel swap don't you, of course, Bass manages 740 million based on the most recent data I could find and is long GSE pref's
silly fool and his paper trading
if only he knew he was a slave.......
and then there's outside the box Hendry, who is bullish dollars and US treasuries, which I'm fairly certain every single person on this blog has been keen to that outside the box thinking
whatever
ben22
Sometimes we all need to remember "Wax on. Wax off."
I am surprised that futures have yet to reflect the downgrades from earlier. Hopium is a beast that must be slain.
@ben
To borrow some of your banter points (& reassemble)...
"yeah". "whatever". "dude".
---
WAXING OFF now
Not trying to get the last word in here but I have to say that from my view it irks me when someone tries to selectively pick apart something I say...
A bit of "data mining" in its own respect...
My comments regarding Bass & Hendry had nothing to do with whatever their positions or funds held at the moment... I have NO CLUE what they hold... You, on the other hand, most likely do...
As well, you've probably combed over what is available (by having been published), just about any important fund & fund manager on the street... Fuzzmaster2000 included...
My comments as to why I like Bass & Hendry about "thinking out of the box" have nothing to do with dollars or GSE's... I'm sure both of them have 'fiduciary' responsibilities (as managers of OP$) to do lots of things...
Instead... I admire what I consider "out of the box" thinking, because it requires 'that type' to do something that probably NOBODY ELSE ever even came close to considering, never mind doing... Moreover, they can come on TV, in front of a panel of peers, and ADMIT to doing something that seems kooky, and probably endure ridicule for it...
The rest of the little pip squeeks in the world can go through the same motions as each other, and end up weaving & contorting around each other competing for sloppy seconds...
Yeah, I'm sure Bass & Hendry, as you say, look at A LOT of data... As YOU DO... As I DO...
I'm pretty sure if all four of us were in a room sitting in front of a bowl of Cheerios, we'd all come to the conclusion that the best idea would be to pour the fucking milk in the bowl & eat the damn stuff with a spoon... Then again, if it were a stack of Oreo cookies, things may get interesting... THAT's the limit of my reference in crediting someone as being an "out of the box" thinker... I tend to use metaphors in explaining my arguments (which most people don't take the time to understand - which is why they come to the conclusion that my 'arguments' are pointless)
So now you can go from data mining> Warren Buffett> Cincinnati Bengals> Kyle Bass> Cheerios> to f'in Oreo cookies... Stir it up in a soup... But whatever you do don't eat it... Just feed it to the dog...
That'll give you more time to write your next comment (which my "data mining" excursions have led me to conclude that it'll be something along the lines of:
"Yeah, whatever, I don't have time for this BS"... Which, ironically, would be EXACTLY correct (in your world & based on your own analysis of your own situations)...
As for the subject of ARGUMENTS... Oftentimes I'm not trying to be 'right' or 'wrong'... Oftentimes I am, as you say, just being ARGUMENTATIVE... When you think about it, how many absolute 'rights' & 'wrongs' are there in the world anyway? Can you even count them on one hand?
So... in my world, being ARGUMENTATIVE is a way of being free (or, at minimum, NOT being a slave)... See? a non-argumentative person might have just thought I made an incorrect statement even there [having used "or" as a conjunction between "free" & " NOT slave"]...
I don't consider the terms undisputable polar opposites...
In any case, being argumentative allows a person to take their brain out for a spin from time to time... I highly recommend it (then again - I'm the MF who collects nickles, so it's debatable as to whether or not my ideas can be trusted)...
cv--
re: Nickels
do you have Drill Bits, sufficient, to make 'Washers' out of them?
AAIP
@AAIP
I have plenty of various drill bits... It's amazing what cheap pieces of crap they try to pass of as "drill bits" nowadays...
I have ones that are 50 years old that are good as new...
Yet some overzealous wife may wander into Sears this weekend and fulfill her newlywed husbands dream of becoming a mucho macho handyman, and buy him a cheap bag of tools as a Christmas present this holiday season...
I'll take the UNDER as to whether half of the tools make it to Memorial Day...
Sometimes I'm 'forced' to buy a bit piece that I can't find or has gone missing... But I know I'm basically buying a disposable bic razor...
---
I want to point out that IT IS ILLEGAL to melt or deface US coins (as most are aware)... What I'm talking about here are 'scenarios'...
Basically what I'm saying is... In a 'scenario' of a breakdown of societal functions, at that point there would be little chance that any formerly written laws on the books would be honored, or more importantly ENFORCED...
Hell, even in a perfectly functioning society, LAWS are only as good as enforceability (which is why, it seems, that a great deal of politicians & bankers are criminals)...
Anyway - to answer your question more precisely (vis-a-vis 'washers')... I understand the possible need for 'machining' and 'tool & die' (in a potential 'fix it yourself' world)... But currently it's not the highest priority thing on my list...
Frankly... even... The other day when I got shut out at the coin shop... I started to think about industrial metals...
Therefore, if there is MORE of a commodity price crash ahead of us, my escapades will more likely, temporarily, switch from exchanging FIAT for NICKLES at the bank... & instead, to buying lead rolls & things like that...
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