...can prevent market melt ups based on phony Greece rumors.
Creditcane™: You can feel me in the room. You know I'm there but you can't see me.
SPXDragonfly doji day. Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1351.95). QE2infinity.
DXYBullish short day (confirmed bullish harami). Midpoint above EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and held SMA(21). Daily 3LB reversal up (reversal is 78.57).
VIXDoji day (should close above body of hammer for confirmation). Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 17.10).
GOLDSpinning top day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1721.30). Tested and held SMA(21). New low on daily 3LB (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.
EURUSDBearish long day (confirmed bearish harami). Midpoint below EMA(10). Tested and held SMA(21,55). Tested and failed its 50.0% minor retrace (1.3137). New low on daily 3LB changes (reversal is 1.3290).
JNKBearish short day. Midpoint below EMA(10). Still above all SMA's. Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.68).
10YR YIELDBearish long day. Tested and failed SMA(21,55). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). Daily 3LB reversal down (reversal is 20.47).
WTIDoji day. Now above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (97.71). No dally 3LB changes (reversal is 96.36). Not confirming the monthly 3LB reversal down.
SILVERBearish short day. Holding above SMA(89). Midpoint below EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 34.17).
BKXBearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.61).
HYG/LQDDoji day. Tested and held SMA(89). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
TLTSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21,89). Tested and held its 50.0% minor retrace (117.18). No daily 3LB changes (reversal is 122.32).
AAPLBullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (503.83). New high on daily 3LB (reversal is 493.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
25 comments:
Silent State: The Campaign Against Whistleblowers
By Peter Van Buren, AntiWar.com
10 February 12
n January 23rd, the Obama administration charged former CIA officer John Kiriakou under the Espionage Act for disclosing classified information to journalists about the waterboarding of al-Qaeda suspects. His is just the latest prosecution in an unprecedented assault on government whistleblowers and leakers of every sort.
Kiriakou's plight will clearly be but one more battle in a broader war to ensure that government actions and sunshine policies don't go together. By now, there can be little doubt that government retaliation against whistleblowers is not an isolated event, nor even an agency-by-agency practice. The number of cases in play suggests an organized strategy to deprive Americans of knowledge of the more disreputable things that their government does. How it plays out in court and elsewhere will significantly affect our democracy.
Punish the Whistleblowers
The Obama administration has already charged more people - six - under the Espionage Act for alleged mishandling of classified information than all past presidencies combined. (Prior to Obama, there were only three such cases in American history.)
Kiriakou, in particular, is accused of giving information about the CIA's torture programs to reporters two years ago. Like the other five whistleblowers, he has been charged under the draconian World War I-era Espionage Act.
That Act has a sordid history, having once been used against the government's political opponents. Targets included labor leaders and radicals like Eugene V. Debs, Bill Haywood, Philip Randolph, Victor Berger, John Reed, Max Eastman, and Emma Goldman. Debs, a union leader and socialist candidate for the presidency, was, in fact, sentenced to 10 years in jail for a speech attacking the Espionage Act itself. The Nixon administration infamously (and unsuccessfully) invoked the Act to bar the New York Times from continuing to publish the classified Pentagon Papers.
Yet, extreme as use of the Espionage Act against government insiders and whistleblowers may be, it's only one part of the Obama administration's attempt to sideline, if not always put away, those it wants to silence. Increasingly, federal agencies or departments intent on punishing a whistleblower are also resorting to extra-legal means. They are, for instance, manipulating personnel rules that cannot be easily challenged and do not require the production of evidence. And sometimes, they are moving beyond traditional notions of "punishment" and simply seeking to destroy the lives of those who dissent.
The well-reported case of Thomas Drake is an example. As an employee, Drake revealed to the press that the National Security Agency (NSA) spent $1.2 billion on a contract for a data collection program called Trailblazer when the work could have been done in-house for $3 million. The NSA's response? Drake's home was raided at gunpoint and the agency forced him out of his job..."
http://www.readersupportednews.org/opinion2/287-124/9905-silent-state-the-campaign-against-whistleblowers
ibid.
also,
AT y AmenRa,
nice Chartage/Wrappage~
AAIP
@AAIP
Obama... the 'peace prize' winner... Just like Lennon...
Give PEAS a chance!
(hey ~ some peeps had a massive enough intellect to think 'YES WE CAN' in 2008)...
He never really got to me (except raising my BS indicators)...
That said... 4me there's nobody on my radar now 'cept for Ron Paul... (which is why I 'wrote him in' in '08)...
Which, I guess, is why people think I'm a 'self destructive' type (& never get invited to parties in Nashville or Memphis where all the ladies, mysteriously, have billowing tits, plush lips, and indiscernible wrinkles)...
Imagine that...
cv--
http://americanfreepress.net/?p=2743
By Pete Papaherakles
Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.
Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war....
Patrick Bateman on Whitney....
Classic:
http://www.youtube.com/watch?v=D1qHvJKbwjE&feature=fvst
@AAIP
Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers
~~~~~~~~
Nice to know PAID journalists plagiarize my work... All I can hope for is that they get paid in FRN's instead of gold...
But no... What is this crap I'm talking about?
When we all know that any THINKING member of society would come to the conclusion that there's a "good chance" that Israel is going to put the whuppin stick on Iran...
& when they do... the outcome will be that the Iranians just lay down & say... "MY BAD ~ SORRY... WE WERE WRONG ALL ALONG... WE REALLY DO WANT TO SELL OUR OIL TO THE WEST & WE WOULD BE MORE THAN HAPPY TO TAKE BERNANKE BUCKS FOR IT INSTEAD OF SELL IT TO CHINA & INDIA FOR GOLD... PRINT UP A COUPLE OF MORE TENS OF TRILLIONS OF THAT PAPER WHILE YOU'RE AT IT SO SOON TO BE RETIRED DOCTORS IN TENNESSEE CAN HAVE ENJOYABLE COCKTAIL PARTIES WITH THE LADIES WHOSE LIPS THEY JUST FATTENED"...
The REAL reason Israel might have a good chance to put the whuppin stick on Iran is to teach their own bretheren in Teheran a lesson...
http://www.youtube.com/watch?v=tm_kIPGV7b4
@Amen @ Andy T
Feel free to kick me off this blog forever for that last one...
That's what Ritholtz would do (actually did)...
and the beat goes on...
Just for kicks...
With regards to blogs... I believe there are three basic choices...
1. you STFU & read
2. you say shit
3. if the shit you say isn't your "A" game, then bring an umbrella
...or sometimes you PASTE...
Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war....
~~~~
Gee whiz... Didn't 'ben' say something about the NOVEL I wrote this past weekend that specifically identified Hussein & Khadaffi as being the two most recent "Let's NOT take dollars for our oil &/or start a gold backed 'dinar' CB for Africa (the only continent on earth which is not in debt to the Rothschilds)?
I must have been dreaming... (as self destructive persons are known to do)...
@AAIP
You probably already saw it...
But this was a very good post (on ZH) on "off the grid"... As usual, a lotta BS, but a lot of useful stuff...
Patient people know how to cherry pick the good stuff... Idiots don't...
http://www.zerohedge.com/news/guest-post-going-grid-montana-style
In a way... I 'apologize' for my combatative stance here 2nite...
I spent half the night battling TRAV (there)... which zaps your energy because (as CV is), he is so thoughtful on many subjects & so FOS on others...
Also... for clarification... It's been gnawing on me for the past few days that while I was talking about the shareholders of the FED (& the 'families')... I was really kind of remiss to say anything aboit the BIS...
But really (when you're talking about shareholders), it's all the same thing... I simply ommitted a 'layer' (which, for all practical means, doesn't even really exist)...
@Bruce
with regards to your 'whuppin stick'...
Here's a visual on the last two... ENJOY!
http://demonocracy.info//infographics/usa/cost_of_war/cost_of_war.html
Hey CV,
I am going to give you the best advice you've received lately. Whenever I ran into someone like you in practice, I'd generally refer them to a clinical psychologist. Manic/depressive illness and narcissistic personality disorder are hard to overcome, but these folks generally only charge 80/100 bucks an hour, and you could buy 4-5 hours of insight and maybe turn your life around.
For the sane folks here this might be of interest:
http://www.johnmauldin.com/outsidethebox/face-the-music/
"
What a perfect example of the difference your frame of reference can make.
Yes, Friedman even said Fisher was the greatest American economist, and I think that is correct. Fisher had a broader understanding of the economy in a very, very critical way and in a way that I don't think either Friedman or John Maynard Keynes understood it, and even a lot of contemporary economists, such as Ben Bernanke. Keynes and Friedman both felt that The Great Depression was due to an insufficiency of aggregate demand and so the way you contained a Great Depression was by your response to the insufficiency of aggregate demand. For Keynes, that was by having the federal government borrow more money and spend it when the private sector wouldn't. And for Friedman, that was for the Federal Reserve to do more to stimulate the money supply so that the private sector would lend more money. Fisher, on the other hand, is saying something entirely different. He's saying that the insufficiency of aggregate demand is a symptom of excessive indebtedness and what you have to do to contain a major debt depression event — such as the aftermath of 1873, the aftermath of 1929, the aftermath of 2008 — is you have to prevent it ahead of time. You have to prevent the buildup of debt.
And that your goose is cooked if you don't you cut off the credit bubble before it overwhelms the economy?
Yes, and Bernanke is thinking that the solution is in the response to the insufficiency of aggregate demand. That was Friedman's thought. That was Keynes' thought and most of the economics profession has traditionally thought the same way. They were looking at it through the wrong lens. Fisher advocated 100% money because he wanted the lending and depository functions of the banks separated so we couldn't have another event like the 1920s."
Source: JohnMauldin.com (http://s.tt/15FZB)
News the MSM doesn't want the bots to see: http://www.zerohedge.com/news/iran-cuts-crude-exports-six-european-countries
Iran Cuts Crude Exports To Six European Countries
PressTV has just issued a breaking news alert:
* In response to the latest sanctions imposed by the EU against Iran's energy and banking sectors, the Islamic Republic has cut oil exports to six European countries
* Iran on Wednesday cut oil exports to six European countries including Netherlands, Spain Italy, France, Greece and Portugal.
Still positive that China does not want Iran's crude? Oh, and congrats on just buying yourself record high gasoline prices Europe.
How long will their economies hold up when the spike in gas price hits home?
"The point is that it doesn't really matter whether you're using the Federal Reserve's monetary tools to get the private sector to leverage up or whether you're engaged in deficit spending at the federal level to try to address the insufficiency of demand. Both tacks take you in the wrong direction. Now, what we're beginning to understand — at least with regard to governments, because we have known this is true for the private sector for a long time — is that there comes a point in time at which additional debt is no longer available. That's where a lot of countries in Europe are. And that is probably where we're going in a number of years. We're not there now, but that's where we're headed. We spent $3.6 trillion last year at the federal level. We borrowed around 35% of that and we had tax revenues to cover around 65%. Some of the European governments are trying to borrow more than that ratio, and it's being denied to them. Reinhart and Rogoff call that the "bang point." When that happens, your spending levels then have to fall back to your tax revenues."
Source: JohnMauldin.com (http://s.tt/15FZB)
...The interview is really excellent.
Sorry, one more. Best thing I've read lately:
But I don't think you can do that because your debt is 350% of GDP. If you get an inflationary process going, interest rates will rise proportionately with inflation. So, if inflation goes up 1%, in time, interest rates will go up 1%. But your debt is 350% of GDP. If the inflation rate goes up, you will not get an equivalent rise in GDP, because what we've learned is that in inflationary circumstances, a lot of folks can't keep up. In fact, most of your modest and moderate income households will not keep up.
Not good, considering that "the 99%" are already restive with reason.
That's correct. We saw this in a microcosm in 2011. The Fed engaged in quantitative easing; they got the inflation rate up temporarily, but the main effect was to reduce real income. So, if you try the inflationary route, you're not going to be able to inflate your way out of debt trouble. This other variable, your interest expense, is going to rise proportionately with inflation, and your GDP won't keep up. Many will lag behind and that will worsen the income or wealth divide. So inflation is really not a potential savior in the current situation. Which then forces you back to the conclusion that the only viable way out is austerity, although no one wants it.
Source: JohnMauldin.com (http://s.tt/15FZB)
EOD Greece rumor refuted (again): http://www.zerohedge.com/news/end-day-market
Ah hell fugg it.
cv--
BinT does have a certain point..
also, from my own POV, I know that reading too many ZH 'Comments' is a Negative for my own cognitive faculties..
differently, it has, always, been more difficult to be Constructive.
any Vandal can Destroy. that's the EZ part..
hard to learn from those unable to Grow..
AAIP
Little Gravestone doji on the AAPL....
Premture "gravestone" call there...not sure what this is going to become....
Though, if you're heavy into Apple stock, you're definitely in a casino.
Love how the MSM headlines see things:
Marketwatch:
The Fed: Fed minutes show few supporters for QE3
Bloomberg:
A Few on FOMC Saw Need for More Bond Purchases
Bots going crazy trying to figure out which headline to follow.
P3
Andy T
AAPL has formed a bearish engulfing. It also engulfed the two previous days.
That two handle move in the SPX in the final minute was just wrong.
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