BHP Billiton Should Fall Below the 2016 Low

Added on by C. Maoxian.

Every fellow Idiot Waver has been watching BHP Billiton $BHP for many weeks now, waiting for a good spot to get short. Those who got short on the reversal in early October were shaken out by the post-election surge, but that set up an even better entry: short below $37.40 (protective stop at $40.xx). This is a weekly chart, a very long-term set-up, if it works out it will take *months* to do so, not a "day trade."

What's important about the whole play is how it shapes your thinking towards industrial metals, Australia, China, Brazil, currencies, The Donald playing a completely unsuitable (and potentially catastrophic) role, etc. You don't need to take the trade, just keep it in the back of your mind.

click to enlarge, (get a bigger monitor, dummy)

Al McDermott

Added on by C. Maoxian.

Discovered via @zerobeta's Spotify ... sound quality is poor but I like the song and this girl (she's 21) has something special, other than the pale blue eyes (watch this interview). Signed by Columbia so they must see what I do. 

Alexandra Savior performs Shades in live concert at The Hotel Cafe in Los Angeles, California on 08/10/2016. www.alexandrasavior.com www.facebook.com/alexandrasavior

My Sheets Are Satin But My Mind's A Mess

Added on by C. Maoxian.

No live version so I'm forced to embed this. Discovered via Spotify. Sounds Elvis Costello-ish to me, but those are very dark lyrics (which I like). 

Provided to YouTube by CDBaby Miss Fortune · John Wesley Harding Awake ℗ 1997 John Wesley Harding Released on: 1997-01-01 Auto-generated by YouTube.

Idiot Wave Frustrations in Tesla

Added on by C. Maoxian.

Tesla (TSLA) looks like a long to me now, from an Idiot Wave perspective. Seeing the current chart reminded me of the last time I thought Tesla looked like a long: December 19, 2014. That trade resulted in a ~$30 loss. Then on January 23, 2015, I thought it set up again. That trade also resulted in a ~$30 loss. Finally on March 31, 2015, I thought it set up again. That trade (entered in early April) resulted in an ~$80 gain, for a net gain over the three trades of ~$20 (less commissions, taxes, and my sanity).

See why I call it the Idiot Wave? 

Click to enlarge, get a bigger monitor, dummy

No Limit Hold'em Poker Tournaments Near Me

Added on by C. Maoxian.

del Lago Poker Room -- Tyre, NY (less than an hour drive, totally acceptable)

  • 10 table poker room coming next February, they say

Tioga Downs Poker Room -- Nichols, NY (1 hour drive, acceptable)

  • 12 table poker room opened December 2, 2016

Turning Stone Poker Room -- Verona, NY (1½ hour drive, semi-acceptable)

Mohegan Sun Pocono Poker Room -- Plains Township, PA (2¼ hour drive, borderline crazy)

Seneca Salamanca Poker Room -- Salamanca, NY (near Bradford, PA) (2½ hour drive, crazy)

Seneca Niagara Poker Room -- Niagara Falls, NY (3 hour drive, really crazy)

Parx Casino Poker Room -- Bensalem, PA (4 hour drive, totally crazy)

  • Looks like they have only one no limit hold'em tournament daily (different stakes every day), that's it.  

Movies Watched -- About Elly

Added on by C. Maoxian.

In Persian. 119 minutes so at least 20 to 30 minutes too long. Streamed on Netflix so no possibility to fast forward. I think a lot of it gets lost in translation. For an ignorant American like me, I don't know anything about Iran or Persian culture, but the basic conflict here is between modernity and traditional values and the secular world and the sacred. It was interesting to me to see the level of development in Iran, it looked poor, like China did 15 years ago. 

A group of educated professionals from Tehran go to the seaside (the Caspian sea) for a weekend. Three couples plus one of their old classmates (Ahmad), recently divorced and living in Germany, and a pretty teacher acquaintance (Elly) whom they are trying to hook up with Ahmad. Elly disappears and they don't know if she has drowned or run away. The writer/director (yes, a W.D. By movie) is interested in group dynamics and human nature and how small lies can build up and things (relationships) can fall apart fast when strained (think Lord of the Flies).

Anyway, there are also class issues here (the slack-jawed bumpkins they rent a house from represent rural, unsophisticated, religious society, I guess) that the director explored a lot more thoroughly in another movie of his ("A Separation," which I really liked). It turns out that Sepideh, this stunningly beautiful woman, knew that Elly was engaged to another man before she tried to hook her up with Ahmad, and this is a major no-no in religious Iran (apparently religious fundamentalists are in power there, and they have rules about how engaged women should behave). Elly shouldn't even have gone with them in the first place, and they resent the pickle she's placed them in (even more than they mourn her death).

If you're interested in Persian culture, and this sacred/secular, modern/traditional divide, then you should see it. It gets a yellow rating from me (not green, not red).

Here's my master list of all the movies from 2015 that I've watched.

Radiant Sepideh, still lying

Radiant Sepideh, still lying