The collision of global markets and social mood

Wednesday, July 14, 2010

The Good, The Bad, and The Devil?



It's been a busy few days, but it's been so rewarding. Most of it has been away from mobile and web access to boot. So maybe that's why it's been so great. Maybe I just needed a break from the screens. I'll just try to catch up here.

Seeing Mt. Rushmore for real was incredible. Pictures just don't do it justice. I spent a night in Custer, South Dakota, and had some Elk for the first time. Very flavorful and distinctive, yet deliciously steak-like as well.

Also saw the towns of Deadwood and Sturgis -- Sturgis being surprisingly Harley-free (or visitor-free) outside of Bike Week.




Only one word describes the Badlands.

Badass.

Seriously, you have to see it to believe it. Enough said.




And Devil's Tower, for me, needs a new name. It's an awe inspiring formation. It's great how you can see it from so far away as you're bombing up route 24, and as you get closer, the tension just builds. It feels more like a power spot to me than its name suggests.

According to legend, there were seven young maidens who went out to play. Several bears saw them and began to give chase. To escape from the bears, the maidens climbed to the top of a rock and prayed to the spirit of the rock for safety.

Hearing the pleas of the maidens, the rock began to rise from the ground towards the Heavens so that the bears could not reach them. After reaching the sky, the seven maidens were transformed into the constellation of the Pleiades.

I really like that story. Much better than just "Devil's Tower."

I also like where we're at with the S&P. We've come up here on no volume and today filled an open gap. It feels like a good risk/reward area to try a swing short with a stop just above the June highs.

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