FKLI - Bear May Be Getting Ready To Pound - 6/16/2014

 
Another new buy signal came along on last Tuesday as price pounded back up and closed above the top band with the Stochastic turning positive again. And it even cleared my filter by going higher than the signal day high. By following the trading plan, I went in and bought again and watch this trade most probably will ended up as another dud trade. Price actually went below the top band on last Friday so I am going to tighten my stop to prior day low. Of course this is frustrating as the previous few trades have been unprofitable, but this is the kind of things that I have been expecting with the lowly and flat ADX. It has been at 10's recently. 

The MACD, DMI and Stochastic are all positive. The Stochastic is moving into the overbought zone again, so I would have to watch that one. Price has formed imperfect double tops with the MACD forming another bearish divergence again. So here is another dark warning again may crash soon. The tightening Bollinger Band is adding to that reading.


 

The current weekly Japanese Candlestick failed to confirm the previous Engulfing Bear candlestick as price continues to stay above the top band. All the 3 indicators stay positive. The Stochastic stays overbought and the negative divergence stays intact at the MACD. The ADX continues to stay flat and at 16's, so this is still a listless market.

Both the daily and weekly ADX is still telling me that this is a "dead" market. But as both the daily and weekly Stochastic are in the overbought zone and both chart's negative divergence is still there, so I would continue to try to make friend with the bear. The daily chart's tightening Bollinger Band is warning us that a violent move may be coming soon. So stay alert.

中国能否效仿诺曼底纪念抗战？

6月6日，近20名国家首脑和各国二战老兵齐聚法国，纪念诺曼底登陆70周年。盛大的纪念仪式经 过媒体报道，在中国社交媒体上引起了不少反思。

新浪微博网友“钩沉录”写道：“今天是诺曼底登陆70周年纪念日。英女皇专程 赴法参加纪念活动。美、 法、俄总统以及90多岁的老兵们出席了隆重仪式……反观我国的九一八、八一三淞沪抗战、七七事变、9月9日日本投降中 国签字仪式等纪念日，都缺乏有力度的 纪念活动，好像人们已逐渐淡忘。”

当然，中国也纪念第二次世界大战中的对日抗战。但网友注意到，欧洲把老兵视为纪念活动的主角，而中国的战争纪念主要是领导讲话。

网友“上海-杨渊”在微博上说：“看看欧洲的二战纪念活动，那就是一个举国活动，是大事情……中国的二战活动成了领导讲话，默 哀……而那些还活着的老兵还有多少人记得他们？我们自己都淡化了二战，日 本当然可以藐视曾经的战胜国！！！”
很多网友认为，中国也应该仿效欧洲纪念诺曼底登陆的模式，举行隆重的二战纪 念活动。

微博用户“爱思及某人”写道：“欧洲纪念诺曼底登陆70周年好隆重啊，明年是抗战胜利70周年，我们还能找到多少抗战老兵？应该隆 重纪念一下了！”

但是，中国政府会不会采纳这样的建议呢？

老兵凋零

如果要像欧美纪念诺曼底登陆那样举行全国性的纪念活动，并且让抗战老兵成为主角，就会触碰中共政权的一个敏感问题——如何面对抗战 的真实历史。

中共的传统论调是，在抗战期间，国民党“消极抗日、积极反共”，是共产党“领 导八路军、新四军和广大人民”战胜了日本侵略者。(hahaha)

自1980年代以来，出于对台统战的需要，中共的宣传口径有所松动，部分承认了国民 政府抗战的功绩，但仍坚持说“中国共产党是抗战的中流砥柱”。

在中共继续歪曲抗战历史，拒绝对国军在抗战中的主导作 用给予充分肯定的情况下，在大陆的国军抗战老兵的境遇可想而知。

留在大陆的国军老兵，在“镇压反革命”、文革等一系列残酷的政治运动中遭到屠杀和摧残，能活到今天的已经不多，活下来的也大多身心 受损，穷困潦倒。

而滞留在缅甸等地的中国远征军老兵们，背井离乡几十年，很多人处在孤苦无依的境地。
。

危险的真相

中国媒体对诺曼底登陆70周年纪念的报道，引起了中国网民对中国抗战老兵的关注。

广州《新周刊》总主笔肖锋在微博上写道：“央视报道诺曼底老兵，缅怀二战光荣 时刻，却不敢面对另一类二战老兵，他们却是中华民族的功臣。救助老兵很难吗？不是难不难的问题，是重新面对历史的问题。”

为救助老兵的民间组织“深圳市龙越慈善基金会”工作的微博网友“Jameeliu” 说：“如此盛大的纪念，如此正式的致敬，何时才能降临到同为盟军二战英雄中国抗战老兵 面前！”
从中国现政府迄今为止对待国军抗战老兵的态度来看，抗战老兵是否能得到这样的公开致敬，实在不容乐观。
如果中共要在盛大的纪念仪式上向国军抗战老兵给予“正式的致敬”，就难免让国人的目光聚焦于国军老兵的凄惨遭遇，以至于1949年 中共夺权后屠杀和迫害抗战功臣的历史。
在历史真相威胁政权合法性的情况下，不断重复“共产党是中流砥柱”的宣传老调，并放任毫无历史依据、胡编乱造的“抗日神剧”充斥荧 屏，或许是对现政权最安全的选择。

“最可爱的人”？

其实，受到不公待遇的不只是国军老兵。中共解放军的许多退伍复员军人，尽管一辈子为中共政权服务，但却命运悲惨。
参加朝鲜战争的“志愿军”老兵，当时被中共的宣传机器誉为“最可爱的 人”，但最后不要说荣誉，许多人连生活都难以为继。

微博网友“一袭素袍”在电视上看到诺曼底老兵受到隆重礼遇，不禁感慨道：“一样参加战争，抗美援朝，保 家卫国，出生入死浴血奋战在朝鲜战场上五年的父亲，晚年的时候工资奇低，早被政府遗忘在民间角落。人们都说他们是新中国最可爱的人， 可没人知道他们的待遇 并不比平常人高一丁点！”

而许多参加1979年中越边境战争的解放军老兵，当年被官方称颂的“血染的风采”早 已褪色，由于生活所迫不得不走上集体上访维权的道路，成为各地政府“维稳”的打击对象。
网友“烽火”在军魂网发帖说：“诺曼底老兵个个雀跃满面，世界各国主要媒体积 极宣扬……国内参战老兵却因‘维稳对象’低下了宝贵的头颅。自发奔赴广西、云南祭奠逝去的战友，国内主流媒体居然集体失声。 我忧郁了，很郁闷。”

历史的考验

对中共来说，所谓“抗美援朝”和“对越自卫反击战”等都已失去了其原有 的宣传价值。
中国以至少十多万志愿军 战士的生命为代价挽救的金家王朝，现在已成为中国民众眼中的笑料。民间对中国 当年入朝参战的质疑越来越强烈。

1979年的对越战争和1962年的中印边境战争，由于国际形势的变化，中 国官方更是很少提及。

而中共传统的宣传重点——针对国民政府的“革命”，说到底只是一场兄弟相残的内战。 在共产主义意识形态崩溃，民族主义取而代之的今天，宣传内战已经显得有点不合时宜。
简而言之，中共扮演主角的对内和对外战争，没有一个经得起历史的考验。 而迄今唯一经得起历史检验的抗日战争，其主角又不是共产党。

中共没有其他选择，只能把抗日战争提升到前所未有的地位，但又不得不以官样文 章和“戏说”对战争真相遮遮掩掩。

明年，中国将迎来抗战胜利70周年纪念日。中共当局是否会效仿欧洲纪念诺曼底登陆，给抗战老兵以迟到的致敬和补偿，人们当拭目以 待。

China's Neighbors Fear Her

Chinese people need to reflect on why their words and actions are so frightening to other countries.

The anti-China riots in Vietnam left at least one Chinese dead and hundreds injured. Local Chinese have been afraid to speak Chinese in Vietnam.
Countries with the same system and ideology are not definitely going to be China’s friends. Russia in the north and Vietnam in the south were once “comrades and brothers,” but they have also been historically unfriendly towards China, which is something to keep in mind…
In fact, it is almost impossible for China to be a hegemon in the international arena. China’s values and philosophy are not convincing to or admired by others, and China has few real allies. Plus, China is beset by a lot of domestic problems. Forget hegemony—though it seems powerful, China is much weaker than it seems, like a giant with feet of clay. However, the impression we have given to the international community is that China is a “tyrant,” and many neighboring countries are beginning to fear and hate China. Over the years, in my travels in China and abroad, I’ve experienced this deeply.
The United States claims it is “rebalancing to Asia,” but it’s been slow to act on this. Why? Because it doesn’t have to—America is waiting for its opportunity! It is waiting for China to mess things up for itself. When China’s relations with neighboring countries have deteriorated one by one, when the Asian countries are beginning to “fear” China, then even if America didn’t want to “rebalance to Asia” the other countries would ask it to return. We should think about this: In a few short years, many Asian countries have come to believe that China is more “hegemonistic” and more frightening than the U.S. We can really escape all responsibility for this?
The injustice is, China hasn’t done anything wrong! And our leaders endlessly “justify” China’s action. But there’s one area where we are guilty. Look at public opinion in China: from netizens to the Foreign Ministry, everyone’s busy talking about defending the Diaoyu Islands, teaching the Philippines a lesson, putting little Vietnam in its place, or joining with Russia to fight the United States. When it comes to diplomacy and China’s relations with her neighbors, everyone is amped up. But after years of talking, what do we have to show for it? Outside of smashing some Japanese cars (which were made in China, and driven by Chinese people on Chinese soil), not only have we not recovered a single inch of territory, but we’ve made the U.S. and Japan move closer to each other. Japan is arming itself, a few poor souls have been caught by the Philippines and threatened with a prison sentence, and now, violent groups in Vietnam are openly killing Chinese people! How is that right?
The last time I went to a TV station to film an international program, I asked a friend why they always dragged out Mr. So-and-so to talk about China’s foreign relations. Not only does he not understand the situation, I said, but he’s full of hatred and violence, totally against the spirit of China’s diplomacy and foreign policy. If I were a foreigner and watched his program, I would think that China is a fascist country, not just a simple hegemon. My friend at the station told me this guy’s show gets high rating. The viewers love it! Moreover, he said, I’ve noticed that if people lean left rather than right on foreign affairs, then even if you’re wrong the authorities won’t be offended. Whereas if we have you on the show, Mr. Yang, what you talk about will be “sensitive”—even if the Foreign Ministry announces the same policy tomorrow.
So let’s imagine for a bit: what if America (which is more powerful than China) had a TV show sponsored by the government where the speakers constantly talked about “sending troops” and “teaching China a lesson.” What would happen? The professor who taught me international relations once said that international relations are like the relationships between people. If you do not understand something, put yourself in the other person’s shoes and think about it. Then you’ll understand.
Some of us just do not understand. According to their thinking, once China becomes strong we can recover the disputed territory by force, and wipe clean our “shame.” But in fact, the territorial disputes didn’t start yesterday, although they have really flared up in the past few years. There are many complex historical reasons for the disputes. Of course, in our opinion, the problem is that the United States doesn’t want China to be strong, so it gets China’s smaller neighbors to stir up trouble to contain China’s rise. But to people in many other countries, it’s the exact opposite: China is strong and is preparing to change the status quo by force—China is going to bully those smaller, weaker countries.
Of course, this isn’t true. But there’s one thing we can’t deny: many of the government-controlled media outlets have clearly revealed that kind of thinking. It seems right to us: if we cannot recover China’s territory, then why do we have an army? Why did China become strong? But people in other countries will naturally be worried, and they will prepare to join together and even urge America to “rebalance to Asia.”
We have a clear “Cold War mentality”: When a small country fights with us or causes trouble, then it is secretly supported by the United States. It’s as if China is the only country on earth that is really independent, unafraid to stand up even to stronger countries. No, we assume that other countries have to find a patron before they can fight with us. How big of a “tyrant” do you have to be to force small countries to cling to the U.S. for support before daring to argue with you? In fact, in modern international relations it’s difficult to use big guns as your only source of support. “A just cause enjoys abundant support while an unjust cause finds little support”— this is the slogan we proposed and we should remember it. China has never been afraid of being bullied by strong countries and in fact has been bullied by other countries in the past. But our smaller neighbors are the same way.
Let’s return to the question: The violence in Vietnam was horrifying, and we cannot help but think of the sad history of anti-China sentiment in Vietnam. We cannot let the thugs escape the law, and Vietnam must provide compensation for all the economic losses. Vietnam must also accept responsibility for the casualties. Vietnam must punish the rioters and promise to China that no similar incidents will occur in the future.
However, as a rising power, we should also take some time to reflect. President Xi said, “There’s no gene for invasion in the Chinese people’s blood.” China does not seek hegemony; this has been emphasized many times. But our official media as well as social media do appear to have the “gene” for verbal abuse, if not hegemony. The media should align itself with the speech of President Xi, instead of adding fuel to the fire on international issues just for the sake higher ratings and more clicks. In addition, when stressing the relations between big powers (like Europe, Russia, and the United States), we should not forget the most important thing: improving our relations with neighboring countries. As President Xi said, “A far-off relative is not as good as a close neighbor.” China should make greater efforts to keep good relations with its neighbors, putting aside prejudice and historical baggage, in order to gradually adapt to its role as a big country.

Detroit music legend and banking entrepreneur Don Davis dies at age 75



Don Davis, here in 2009 with gold and platinum records for music he wrote or produced or that was recorded at his recording studio, once said, 'The music industry chose me.' He died Thursday after an illness.
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Don Davis, here in 2009 with gold and platinum records for music he wrote or produced or that was recorded at his recording studio, once said, 'The music industry chose me.' He died Thursday after an illness. (Donna Terek / The Detroit News)

Grammy-winning producer Don Davis, a Detroit native who started as a session guitarist at Motown but became an influential producer, studio owner and business executive, died Thursday after a brief illness. He was 75.

Mr. Davis began his music career playing guitar on some of Motown’s earliest sessions, including Barrett Strong’s “Money (That’s What I Want)” for Berry Gordy’s Tamla label in 1960. Mr. Davis often said how much he admired Gordy’s famous “quality control,” watching as he rehearsed his artists endlessly, when he was getting Motown off the ground.

“Don was a classy man, such grace and poise,” said Motown star Martha Reeves, who was “second cousins twice removed” with Mr. Davis. “I was overwhelmed by his accomplishments. He really could play the guitar, too, but he set it aside to run the studio and record other musicians.”

“I was deeply saddened to hear about the passing of Don Davis, one of Detroit’s great icons,” said Detroit Mayor Mike Duggan in a statement. “Don was the epitome of Detroit’s can-do spirit, having founded Michigan’s only minority-owned bank, First Independence, which he used as a vehicle to uplift countless residents of our city throughout the years. His presence will be sorely missed, but his legacy will endure and should be celebrated all Detroiters. My prayers go out to the Davis family.”

Davis’ early recording credits cover some of the most-loved record companies from the golden era of Detroit pop/R&B: Northern, Thelma, Golden World, Ric-Tic, Revilot and Groovesville, which he founded.

George McGregor played drums with Davis in the Don Davis Trio, which played R&B “leaning to jazz,” and later co-produced many records with him. The two met as young musicians in 1955 in Detroit; McGregor went to Eastern High School, and Davis was at Central.

“He was an excellent guitar player, excellent,” McGregor said. He recalled the last song on the last session he played on with Davis as musicians at Golden World, before Gordy bought the company and studio (and made it his Motown Studio B).

It was a frenetic little ditty called “Cool Jerk,” recorded on the Capitols. McGregor played drums and Davis was on guitar, along with Ray Monette (guitar) and Bob Babbitt (bass), and other Funk Brothers. “The last time I spoke to Don, we were laughing about that particular record, and what it did,” McGregor said. “Cool Jerk” was a dance floor sensation in the summer of 1966, reaching No. 2 on the national R&B charts, No. 7 pop.

“And we each got $10 for the session,” McGregor said, laughing. “One 10-dollar bill. It was the last song on the session, too, they were running out of union time, so we cut that record in five minutes! Two takes. But everybody loved everybody, everybody wanted to be part of a hit.”

More and more, Mr. Davis moved behind the controls in the studio, and he became an acclaimed Detroit-based producer for the legendary Memphis label Stax, helming such hits as Johnnie Taylor’s “Who’s Making Love” in 1968, a No. 5 national hit critic Dave Marsh described as “just about a perfect blend of Southern and Northern soul.”

“He did a tremendous job at Stax,” McGregor said. “ He had more room to do what he wanted to do and the full backing of those people. He had a very good ear for knowing how to assemble and put hits together, he was good at that.”

Singer Pat Lewis, who later was part of the Andantes, Motown’s famed female backing vocalists, sang backup on Taylor’s “Who’s Making Love,” “Cheaper to Keep Her” and for most of the other records Mr. Davis produced, starting at Golden World (which later became Motown Studio B) and Groovesville, and at United Sound as well. She cut several records for him as a solo singer as well.

After she sang backup at United Sound on Isaac Hayes’ smash hit album “Hot Buttered Soul” for Mr. Davis in 1969, Lewis was scooped up by the Stax star to go out on the road with him.

“Don was real easy to work with in the studio,” Lewis said. “I’m a background vocal arranger, and he would let me have my way in the studio. He would just say ‘OK, put that on,’ or ‘go more into that.’ He’s part of the reason why I’m like I am today, because I consider Golden World and Groovesville the school I went to. They won’t have any more like that.”

She also sang backup on Taylor’s genre-defining “Disco Lady,” produced by Mr. Davis in 1976, the first single to be certified “platinum” by Billboard, well beyond gold.

As a producer, Mr. Davis had learned from Gordy and the Motown production team how to leaven R&B with enough sweet soul to make a pop smash.

Mr. Davis bought the legendary United Sound Systems recording studio at 5840 Second in 1971. The studio opened in 1933. During Mr. Davis’ tenure, it’s where George Clinton practically lived when it was Parliament-Funkadelic’s home studio. He also recorded The Dramatics and all of his Stax sides at United Sound.

“Aretha Franklin also made her home at United Sound,” Reeves said. “I know he encouraged Berry Gordy to open his studio in the house (Hitsville, at 2648 W. Grand). United Sound was famous, people around the world were aware of it, and of Don.”

Other notable artists Mr. Davis worked with include The Dells, Harvey Scales, Rose Battiste, The Staple Singers and Marilyn McCoo and Billy Davis Jr. ( “You Don’t Have to Be a Star”).

“The music industry chose me,” Mr. Davis told The News in 2009. “If there is a gene for music, I had one. I used to try to crawl up in the record (player) speakers. Early on, my mother bought a piano. In her mind, a piano is a great thing to have in the house. In the South, everybody had a piano. I never took any lessons, but I always played it. I started playing early on in grade school, trumpet and saxophone.”

Despite his long career, Mr. Davis said he felt music was a youth-oriented business, so he became a banker in 1970, founding the First Independence Bank, Michigan’s only African-American-owned and operated commercial bank. Mr. Davis was a longtime supporter of former Detroit Mayor Kwame Kilpatrick, and his bank came under scrutiny during the City Hall corruption probes, with federal prosecutors levying a $250,000 fine against it in October. It was unclear what banking activity prompted the settlement, but the bank’s name came up repeatedly during the trials involving the Kilpatricks and contractor Bobby Ferguson.

He may have stepped aside as a music producer, but Mr. Davis’ influence is still felt, as the music he produced is heavily sampled by artists including Jay-Z and Destiny’s Child.

Mr. Davis, who lived in West Bloomfield Township, is survived by wife Kiko, and three children.

中国需要成为帝国主义

中国正在改变不干涉别国内政政策

Fast morphing into another America


英国《独立报》星期五（6月6日）刊登发自南苏丹首都朱巴的报道，形容北京正在逐步改变以往所奉行的不干涉非洲国家内部事务的政策。

报道说，过去5个多月在南苏丹发生的叛乱威胁着中国在这个国家的石油商 业利益，而北京正在插手协助解决这场冲突。
外交官们在埃塞俄比亚首都亚的斯亚贝巴持续数月的有关南苏丹问题的和平谈判中可以明显感觉到中国政策的变化。

中国外交官一直在同西方外交官磋商，试图帮助地区调停人达成停火协议。

报道援引外交官的话说，中国在亚的斯亚贝巴的代表经常同美国、英国和挪威的外交官接触商谈，显示了中国更为积极的姿态。
一位西方外交官说，武装冲突爆发一个月之后的第一份停火协议是在1月23达成的，中国驻埃塞俄比亚大使解晓岩当时发表讲话，没有表 示任何异议，显示了北京积极参与的态度。

报道说，北京新的举动并不意味着中国计划完全放弃过去一贯声称的不干涉非洲国家内部事务的政策，但是这的确显示，随着中国在非洲投 资的增加，非洲稳定对中国越来越重要，中国的政策正在逐步改变。

经济利益

在全面履行协议的情况下，中国从南苏丹的石油进口将占总进口量的5%。此外，中石油公司在当地开发油田的一个合资企业中占有40% 的股份。

报道说，中国在南苏丹的商业利益远大于西方国家在那里的利益，这促使中国敦促效忠总统基尔的军队同反叛力量坐下来谈判。
前南苏丹政府军指挥官霍茨在接受路透社采访时说，中国驻南苏丹大使马强曾在去年12月15日冲突爆发之后不久告诉他，中国将终止两 国间的军售协议。

他援引马强的话说，中国不愿意加剧冲突，不愿意协助杀戮。
参与调停冲突的一位西方高级外交官说，他并不了解中国终止军售协议的事情，但是他确信中国的政策发生了变化。

与此同时，中国同意派遣一个营的兵力参加联合国在苏丹的维和行动。联合国官员说，这将是中国首次派遣一个营的部队参加联合国维和行 动。

 

FCPO - A Technical Rebound May Be Just Around The Corner ? - 6/7/2014

 
The last sell signal has been good and the trade is still in. I continue to place stop at above the bottom band. The MACD remains negative but seems to be trying make a turnaround. The Stochastic has turned positive but it is still below the 20s' signal line. The DMI stays negative and the ADX is now above the DMI. This is most probably the most encouraging sign for the dying bull (whatever remain of them) as this is the best confirmation of an oversold market. With this, maybe we could see a technical rebound soon.


 
The weekly chart remains bearish biased. The negative MACD continues to cross over downward below the zero signal line. The DMI stays negative with the D- crosses above the 30's signal line. Both are indicating the sellers are still strong. The ADX begins to rise from below the 20's signal line. This may mean the beginning of a new cycle. The Stochastic is now inside the oversold zone and seems to be turning around. Usually it  is not something to get too excited, at least not yet. But there is an interesting development here, the weekly Japanese Candlestick is a Doji Star. This  usually mean a reversal may be coming next. Of course we would need to see a solid white body Candlestick appearing next in order to confirm a reversal.

At this stage of time, there seems to be a technical rebound coming around the corner. But there is still nothing exceptionally bullish in the charts to get ourselves too excited. I would just trade the next signal, that's all.

FKLI - Still A Listless Market But Watch Out What May Comes Next- 6/7/2014

 
The last buy trade was the third failed signal. Price went below the previous Friday low and that should effectively closed off the long trade. A new sell signal came out on the same day when price gone below the top band with the Stochastic turning negative again. The signal was not met until last Thursday. And this could just turned out to be another dud trade as price went up again on last Friday.

Please take note the Bollinger Band has begun to tighten and the ADX has been flat at 9's (wow!). And the DMI has begun to wriggle.  These are classic confirmation of a listless market. This is why last week I was saying that you would be forgiven if you have skipped trading for a while.

But if a short trade was initialed, then place stop at the middle band. But I would advocate wait and look for closing above the top band or bottom band before deciding if a new trade is to be entered. As the MACD and Stochastic are still negative and falling, the situation is now more biased toward the shorts side. The DMI is also negative.


 
The weekly still offer no sell signal as the MACD and DMI remain positive. Price is still manged to remain above the top band. Two important items to watchout for here would be the Stochastic as it has been in the overbought zone and it has just crossed down. The weekly Japanese Candlestick is an Engulfing Bear which mean the black candlestick real body engulfs the previous week's white body. Since the candlestick is found at FKLI's recent mild bull rally, this could mean the bull is losing control.

I would pay attention to top band support, if that gives away, it would probably mean the bear is back.

Both the daily and weekly chart are still pointing to a listless market. But as mentioned here for the past few weeks, I am getting more and more bearish biased (overbought and bearish divergences etc) and the current listless market condition is adding more weight to my "worry" as a listless market usually will bring violent moves soon.