Search Results for: dollar tree

Capote’s Christmas Memory

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Imagine a morning in late November. A coming of winter morning more than twenty years ago. Consider the kitchen of a spreading old house in a country town. A great black stove is its main feature; but there is also a big round table and a fireplace with two rocking chairs placed in front of it. Just today the fireplace commenced its seasonal roar.

A woman with shorn white hair is standing at the kitchen window. She is wearing tennis shoes and a shapeless gray sweater over a summery calico dress. She is small and sprightly, like a bantam hen; but, due to a long youthful illness, her shoulders are pitifully hunched. Her face is remarkable—not unlike Lincoln’s, craggy like that, and tinted by sun and wind; but it is delicate too, finely boned, and her eyes are sherry-colored and timid. “Oh my,” she exclaims, her breath smoking the windowpane, “it’s fruitcake weather!”

The person to whom she is speaking is myself. I am seven; she is sixty-something, We are cousins, very distant ones, and we have lived together—well, as long as I can remember. Other people inhabit the house, relatives; and though they have power over us, and frequently make us cry, we are not, on the whole, too much aware of them. We are each other’s best friend. She calls me Buddy, in memory of a boy who was formerly her best friend. The other Buddy died in the 1880’s, when she was still a child. She is still a child.

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Tyler Shultz, Business Hero

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On the front page of Thursday’s Wall Street Journal is this article, which is another absolutely superb piece by multiple-Pulitzer Prize-winning journalist John Carreyrou. I strongly, strongly encourage you to read it, but I wanted to say a few remarks about it on my own.

As everyone knows, Theranos has become a complete disaster and an embarrassment. The 1117-tylermegalomaniac founder, Elizabeth Holmes, claimed a net worth of nearly $5 billion a couple of years ago, and this net worth is now reported to be $0 billion. John Carreyrou has done a yeoman’s job bringing The Truth out about this despicable organization and its husky-voiced, completely fake CEO who was given a huge pass by the public (like Hillary Clinton) because she’s a……….woman. God knows Mr. Carreyrou deserves a third Pulitzer prize for his superb journalism.

Just as heroic, however, is former Theranos employee Tyler Shultz, the grandson of 95-year old George Shultz, of Reagan administration fame. I used to kind of look up to the old fellow, but  the way he treated his grandson, who acted with honor and ethical integrity, is revolting.

That actually goes for the entire crew of ancient old white men who populated the Board of Directors, whose principal motivation, I suspect, was to stare at the mildly attractive young woman, fifty years their junior, who ran the place. You know. The new Steve Jobs. That one. Because she wore a black turtleneck.

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Eleven/Nine

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So here we are. In just a few days, we will be in the thick of election day, and by Tuesday evening, we should have a good idea as to what the next four years are going to be like.

I started off this year with a post about the election, and I’ve written about it from time to time since then. The entire post can be summarized with its closing line: “It’s as simple as that. Status Quo means Hillary. Financial Mayhem means Bernie. Fear means Trump.”

Unfortunately, we didn’t get financial mayhem, so Bernie’s out of the picture. As some of you know, this saddened me greatly, because the country at last had a chance at a truly moral leader. His endorsement of Clinton now baffles me, considering the disgusting behavior that the DNC took toward destroying him, but I suppose his reasoning is the same as 90% of Clinton’s supporters (“He’s not Trump”), so………shrug.

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Textbook Set Up in the Metals Complex

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by Avi Gilburt, ElliottWaveTrader.net

First published Sat Aug 6 for members of ElliottWaveTrader.net:  Last weekend, I prepared you for the potential set up for the 3rd wave to much higher levels in the metals complex.  More specifically, I provided you with a map as to how the 3rd wave set up would look on the GDX, should the market comply by filling in our 8 minute chart as outlined:

As long as we do not break below that support, and ideally remain over the 1.00 extension at 29.87, then I will be looking to complete 5 waves up off the recent low, which I would classify as wave (i) of wave 3 of iii.  That suggests that after a corrective wave (ii) pullback is seen, and we then break out over the top of wave (i), the market is well on its way into the heart of its 3rd wave, and targeting the 39-41 region next.

And, over the last week, the market has complied in almost textbook fashion.  In fact, once we completed 5 waves up into the top of our wave (i) target region, I sent out an Alert with a target box for a wave (ii).  On Friday, the market dropped right to the top of our target box.

While the micro count in the c-wave does not look quite complete, it would seem that the market could still see lower before this c-wave bottoms. But, as long as the GDX remains over 29, I am viewing this chart as being on the cusp of the heart of a 3rd wave break out, which is pointing to 39-41, and quite quickly.

Now, for those who will read my words and consider leveraging up to the hilt in an irresponsible manner, I want to interject reasons one should still maintain your standard risk management practices.  Set ups such as these are estimated to be about 70% probability.  That still means there is a 30% probability that it could fail.  One of the reasons this set up could fail is because all retracements in the GDX chart have been VERY shallow.  This forces an analyst such as myself to make certain educated assumptions about where 2nd waves in the structure are located (since they are otherwise deeper retracements), which can have an effect upon the overall wave count if even one of those assumptions is wrong.

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