Disqus - Latest Comments for EldarBob

Re: The Manhattan Project @ Union Square

Eldar Bob — Wed, 20 Jun 2012 00:23:42 -0000

Noy since she announced her hiatus. That was back around the time of that horrible period of fires? down under. Glad to see you are up and running. You have a great forum.

Re: The Manhattan Project @ Union Square

Eldar Bob — Wed, 20 Jun 2012 00:13:35 -0000

Have not checked in a long time because time and energy has been focused on real estate.

Re: The Manhattan Project @ Union Square

Eldar Bob — Wed, 20 Jun 2012 00:06:23 -0000

Hi Moo,

Re: A Fond Adieu to Our "Tiny Dancer" Urszula

Eldar Bob — Tue, 18 Jan 2011 17:17:52 -0000

Have just returned from a long weekend to learn I will miss my down under friend who understands my arcane allusions from time to time. Hope all follows a workable path for you. eb

Re: GLD

Eldar Bob — Wed, 12 Jan 2011 18:15:27 -0000

On my short watch list. Very overbot with declining momentum.

Re: PreMarket - Black Coffee

Eldar Bob — Tue, 11 Jan 2011 19:12:53 -0000

Thought this group would like this account which came in today's e-mail. and also to Ursula, am thinking of you and your compatriots.

Part of rebuilding New Orleans caused residents often to be challenged with the task of tracing home titles back potentially hundreds of years. With a community rich with history stretching back over two centuries,
been passed along through generations of family, sometimes making it quite difficult to establish ownership. Here's a great letter an attorney wrote to the FHA on behalf of a client:

You have to love this lawyer........

A New Orleans lawyer sought an FHA loan for a client. He was told the loan would be granted if he could prove satisfactory title to a parcel of property being offered as collateral. The title to the property dated back to 1803, which took the lawyer three months to track down. After sending the information to the FHA, he received the following reply.

(Actual reply from FHA):

"Upon review of your letter adjoining your client's loan application, we note that the request is supported by an Abstract of Title. While we compliment the able manner in which you have prepared and presented the application, we must point out that you have only cleared title to the proposed collateral property back to 1803. Before final approval can be accorded, it will be necessary to clear the title back to its origin."

Annoyed, the lawyer responded as follows:
(Actual response):

"Your letter regarding title in Case No.189156 has been received. I note that you wish to have title extended further than the 206 years covered by the present application. I was unaware that any educated person in this country, particularly those working in the property area, would not know that Louisiana was purchased by the United States from France in 1803, the year of origin identified in our application. For the edification of uninformed FHA bureaucrats, the title to the land prior to U.S. ownership was obtained from France , which had acquired it by Right of Conquest from Spain . The land came into the possession of Spain by Right of Discovery made in the year 1492 by a sea captain named Christopher Columbus, who had been granted the privilege of seeking a new route to India by the Spanish monarch, Queen Isabella. The good Queen Isabella, being a pious woman and almost as careful about titles as the FHA, took the precaution of securing the blessing of the Pope before she sold her jewels to finance Columbus 's expedition. Now the Pope, as I'm sure you may know, is the emissary of Jesus Christ, the Son of God, and God, it is commonly accepted, created this world. Therefore, I believe it is safe to presume that God also made that part of the world called Louisiana . God, therefore, would be the owner of origin and His origins date back to before the beginning of time, the world as we know it, and the FHA. I hope you find God's original claim to be satisfactory. Now, may we have our damn loan?"

The loan was approved.
(These are the same geniuses charged with the Government mortgage bailout.)

Re: Watching EUR/USD

Eldar Bob — Mon, 10 Jan 2011 18:30:29 -0000

http://www.youtube.com/watc...

Re: /ES Test of Short-term Support

Eldar Bob — Mon, 10 Jan 2011 09:35:00 -0000

I left something out. It's been so long since I used this particular pnf chart in the late 70s. If I remember or can find it in a loose leaf binder somewhere I will share it.

Re: /ES Test of Short-term Support

Eldar Bob — Sun, 09 Jan 2011 22:13:01 -0000

I do not know of any program that displays indicators in a pnf format. You might find it very interesting to draw pnf charts of the RSI. It is more of a long term thing but it keeps you in and gets you out.

Re: /ES Test of Short-term Support

Eldar Bob — Sun, 09 Jan 2011 19:18:07 -0000

You found a router on a Sunday? You are blessed.

Re: /ES Test of Short-term Support

Eldar Bob — Sun, 09 Jan 2011 19:07:34 -0000

Interesting to see about four patterns dominate the list on the screen. CTXI was an interesting match with my list. Found your methodology interesting, informative as always. eb

Re: /ES Test of Short-term Support

Eldar Bob — Sun, 09 Jan 2011 10:41:29 -0000

1/ 10: Long Watch: ACH, ATPG, AUO, BORN, CAAS, CAGC, CFSG, CMVT, CPTS (Hiddley-Diddley?), CRK, CSIQ, CYOU, DELL, FORM, HLX, HOGS, KWK, LDK, LFC, MFW, MR, NRG, QLGC, RY, SKX, SNDA, TBSI, UPL, WEN
added to long quarter list: AEE, AET, AF, AOB, ARRY, ATI, BABY, BIDU, CAGC, CCC, CHH, CHS, CNA, CRUS, CSGS, CSIQ, CWCO, CYOU, deleted: none

Short: AVB, BAP, BXP, CTSH, CTXS,
added to short quarter list: ACC, AGU, AIZ, AKAM, ATVI, CYT, deleted: VRX

End of week Comment Indices/ETFs: Weeklies still suggest a return to 2007 highs. OEX would have a good % move to do that. Trannies had divergence suggesting lower prices all week and nothing happened. 5536.57 (2007) is not very far away. RUT outside weekly bar. DUX could be in early part of bull move after healthy retracement.

Spot Commodities/ETFs: DX bullish with healthy price/volume last week. Is NG strength after October reflective of higher US industrial demand or weather? CL is up about 120% from lows. GC sideways for the quarter just ended.

VIX Family: Friday outside day, weekly tight range lows in 2007 was 10-13. Has to close above 19.80 to break down trend.

Re: /ES Test of Short-term Support

Eldar Bob — Sat, 08 Jan 2011 00:47:40 -0000

A short time ago,I asked a question of a brilliant maiden. It was this: " How do you react when you know what someone will say before they say ti"? And she answered. "They are predictable." So, here is a blessed creature who, if graced with a kind and joyous heart, has the potential to be sublime. What a treasure. And, sadly, most will never escape the constraints of their psyches, their personal needs to appreciate ambrosia when it is set forth before them. But I am old and ruminate too often on my misspent youth. Forgive my digression. Back to the ouija on Sunday.

Mixed two stories.

Re: FinViz Metal Futures

Eldar Bob — Fri, 07 Jan 2011 11:47:11 -0000

it is day 5.

The VIX has rallied forth from Isengard with fighting Uruk-hai

Look to the FED on the morning of the ninth day.

Re: FinViz Metal Futures

Eldar Bob — Thu, 06 Jan 2011 22:34:13 -0000

VIX gave sell signal today. First in a while not that the last one worked very well.

Re: FinViz Metal Futures

Eldar Bob — Thu, 06 Jan 2011 14:03:25 -0000

I was thinking that the 50 dma area of resistance would be telling.

Re: FinViz Metal Futures

Eldar Bob — Thu, 06 Jan 2011 12:08:21 -0000

While my longs are doing o.k. and I am gun shy on shorts, I am noticing some weird action in former leaders that are a bit tottery here like AKAM. If you mark retracements from both its multi year high retracement to its post crash bottom and again from that point up to high of its current move, the stack seems to be caught with the bands. It should go up here, but I think it needs to resolve which side of the bands it wants to resolve. Is it fair to look at one issue as a bellwether? Doubtful but interesting.

The longer term charts have lots of bases.

Today is the fourth day of new year. How does it go? So go the first four days, so goes Jan. So goes Jan, So goes the year. Why people put faith in it is a bit perplexing to me. But it does set the stage for the cross currents of the new year. And volatility.

You guys have been so hot this week. -)

Re: FinViz Metal Futures

Eldar Bob — Thu, 06 Jan 2011 11:45:55 -0000

1 oz nyquil 4 oz bourbon and vick's vapor rub on chest by Nordic beauty.

Re: Bullish Beginnings

Eldar Bob — Tue, 04 Jan 2011 22:49:01 -0000

Long time since as BSofD. Hope I never see another.

http://www.maximumpc.com/ar...

Re: Bullish Beginnings

Eldar Bob — Tue, 04 Jan 2011 21:16:23 -0000

The commod guys always protect the house first. An honest GS alum? omfg

Re: Bullish Beginnings

Eldar Bob — Tue, 04 Jan 2011 20:46:55 -0000

Having hardware/software,video problems of some sort. There are many conflicting and confluent forces at work this first week of a new year. The markets could turn here but it is futile to try to pick a top or a turn without the signal. Patience seems to be the order of the day from what I saw in today's market action.

Re: Bullish Beginnings

Eldar Bob — Tue, 04 Jan 2011 10:43:38 -0000

Solars as a group look poised to make a second leg up after a sloppy start in early 2010.

Re: Welcoming 2011

Eldar Bob — Mon, 03 Jan 2011 23:08:16 -0000

1/3: Long Watch List: BBT at 200 dma, BORN, CAAS, look good to go.
CI, HIG, impressive. CPKI, CRK, RIMM interesting.
DELL, FRO, HEAT, LDK, LFC, PWRD could rock and roll.
ERJ, UPL, VECO, WERN at resistance or breakout?.

Short Watch List: PEET in trouble. PNC toppy. RIG at resistance. HOT, PPG, VMW interesting.

Comment: I hate the first week of January. I am flat market. Golly Day do I acclimate well to a week off. The best thing for the bulls is to have a down first four days and screw with peoples’s minds.

Indices/ETFs: Tomorrow is the teller on COMPX. Same with OEX, XLB, RUA, SSO, INDU. SML crazy action.
But SPX, HMO, FAS, IYF, look profoundly bullish but do not want to see dark cloud cover manana. IWM do or die. EEV has some bearish interest. FXI resistance in the 44ish area. TWM, TZA, are unhappy campers but might get a cake from home in a few sessions. SRS ready for a reverse split.

Spot Commodities/ETFs: CL on sell signal. H&S GLD note vol.? EWZ &EWY look in orgy mode. Get a bounce on DX off 50 dma and then lower?

VIX Family: Looks a bit ominous.

If I am reborn as woman, I hope to be a woman who feels, as such, with a man’s hutzpah and the female heart, like my wife. Yes I got off work two hours late and have had a few.
I ‘d like to see Lady Gaga do this one in 2012's New years Eve.That would be another century:

http://www.youtube.com/watc...

Enjoyed everyone's comments today. felice notte

Re: Hard assets for eternal value: Dollar is Still the Key For Me

Eldar Bob — Mon, 03 Jan 2011 20:59:37 -0000

Year over year, you are a consistent one. It seems like a lifetime ago that you and our Hornito friend were playing these o&G trusts. You are the master. -)

Re: Hard assets for eternal value: Dollar is Still the Key For Me

Eldar Bob — Mon, 03 Jan 2011 20:04:03 -0000

Nat Gas has had more bottoms than Milos Gloriosus in A Funny Thing Happened on Way to Forum. I think this one has more valid technical divergence and it is looking to survive the first bounce off a bottom. What fun?

I have been so wrong on this one because I obviously don't understand the divergence between NG and Crude prices within the context of the macro environment.