That Old Crazy Asian War

Added on by C. Maoxian.

The great Kenny Rogers singing Mel Tillis's song in 1972 ... that old crazy Asian war was still ongoing. 

March 2nd, 1972.

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