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Gary Tanashian
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Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://biiwii.com/wordpress/about-nftrh/). Complimentary analysis and commentary is available at the public... More
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  • UGL Updated 60 Minute Chart
    Last week UGL was bought for a gap fill at support. Gap never filled and it is a good lesson on why I do not worry about the last few percent when selling or getting absolute bottom when buying.



    Most everything I do has a reason beyond the nominal looks of the trade anyway. I want the right things long against certain things short. As a portfolio manager, I am sort of a mad scientist. All sorts of different concoctions designed to play off each other and manifest in good performance.

    Anyway, here's the updated UGL (2x the gold price) 60 minute chart. A sweet day where many of my shorts are green and my gold stuff is ass launching. Just the way I concocted it. Yeh, that's right.
    Tags: UGL, GLD, gold
    Nov 03 1:28 PM | Link | Comment!
  • Bride of FrankenMarket
    Once again we get out the pom poms to cheer the economic numbers and once again, like a post-hubris society we look the other way as the dollar, which should rise on data like improved manufacturing and GDP, takes another hit.



    FrankenMarket ran all the way from 2003 until 2007. This latest Bride of FrankenMarket will have a much shorter run. Actually, maybe Bela Lugosi would be a better metaphor because we are vampires sucking the life out of our stock and trade and yet the Wall Street Troubadours just keep on playing their merry tune. They turn inflation into a cottage industry and sell it back to the public.

    Cheering the devaluation of the currency and the society, all to make a buck in the here and now. That is vampirism... or cannibalism. Whatever it is, it is not healthy and rational people will not be sucked in by it.
    Tags: DIA, QQQ, SPY, stock market
    Nov 03 7:46 AM | Link | Comment!
  • VIX
    NFTRH57 went in depth on a broad spectrum of market indicators and short term scenarios. One of which included the oh so satisfying state of the VIX. But really, we don't expect the bull case to just fold up its tent and go home, now do we?

    No, maybe we expect a little more earnings hype, a little more 'economy is growing' hype... a little more play by da boyz as the bull trade gets off loaded to the most gullible investors.



    VIX megaphone states all of the above in 'now hear this!' fashion. The top line of the megaphone (reverse symmetrical triangle reversal pattern) looks to provide short term resistance for bears and short term support for a hope revival.

    You buyin' it?
    Nov 02 9:52 AM | Link | 2 Comments
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