At least, according to the tortured and dangerously ill-informed calculus of Rep. Peter DeFazio (D-Ore.)  As I mentioned a few weeks ago Defazio reintroduced a bill under H.R. 1068 on 02/13/2009 proposing a 0.25% “financial-transaction tax” that had fallen off the table when the previous Congressional session closed. In that post, I enjoined any U.S.-based [...]

I heard snippets of Rick Santelli’s…ecstatic utterances from yesterday last night on the way home from the office but didn’t catch up on the bruhaha until today. I don’t watch CNBC (I don’t even subscribe to cable) but occasionally find a clip entertaining. I agree with Santelli in principle (assuming there’s a principle somewhere beneath [...]

Price flitted here and there across the tunnel today on GBP/JPY (and EUR/JPY in highly correlated movement), eventually finding its footing above the 125.85 level that functioned as the high on 01/20. The two sessions prior to that day captured the catastrophic 2-day 1000 pip decline from just under 136, giving the Pound a steep [...]

Right around 124.67 (the previously, previously discussed 261.8% fibonacci extension line) there’s an ascending triangle winding out that looks to break up or down (but usually up) sometime in early Tokyo. You’ll find the same construction across the board on JPY crosses. Listen to the Flaming Lips’ account of the epic altercation here: Okay, so [...]

Ernest Hemingway, F. Scott Fitzgerald and James Joyce (if you’d count him; maybe not) are my favorite writers among Une Generation Perdue, perhaps in that order. In his 1926 debut novel The Sun Also Rises, Hemingway vividly depicted the Running of the Bulls and now-famous bullfights at Pamplona. The matador, in the moment he delivers [...]

A mostly uniform symmetrical triangle is winding up on GBP/JPY. On the left is the triangle (with the previously discussed 261.8% extension at ~124.67); on the right, the same chart overlaid with several fibonacci retracement/extension studies. That one is quite noisy but you can see overlapping ratios providing confluence more clearly mapping activity within the [...]

That was made to no one in particular (maybe it was more of a resolution, now that I think back), I’ll be resuming my semi-consistent Ichimoku analytical output this week! Once every couple days is a plausible expectation, as long as I don’t novelize the entries. This weekend, my wife and I watched The Attack [...]

Last Sunday afternoon brought with it a closely-guarded block of time we set aside (stubbornly and with much struggle) to do nothing in particular. So we chose to stay at home, just living. On a whim after pausing and then passing over it a number of times before I watched Shane Meadows’ Dead Man’s Shoes [...]

What does Darth Vader have to do with the unfurling financial apocalypse? Nothing, unless you count Barney Frank as a Dark Lord of the Sith. Which I think is more than charitable as a Democrat from Massachusetts. How’s that for a resemblance? Okay; this is really yet another bait-and-switch post. Now for the real reason: [...]

After a discussion with TLT and Jules drew my attention, I picked a short entry on EUR/GBP: .9497.  The hesitation in the .9450-.95 zone looks appealing as at least a short-term ceiling to pivot off of.  Targeting .9375-.94 initially, then .9320, followed finally by .9265. Also, posting trade details provides an excuse to include this: [...]