AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection



Creditcane™: Who wants to be my sparring partner? Your job will be to stand there and get hit (continuously).



SPX
Bullish short day. Midpoint above EMA(10). Back above the trendiness (3/6/09-7/1//10) and (2/5/10-5/6/10). Above the SMA(21), SMA(55) and the SMA(89). Pushing towards 1110.02 (the .09 fibo from high). No daily 3LB changes (reversal is 1051.87). QE2infinity.



DXY
Bearish short day. Back below the SMA(21). Midpoint above EMA(10). Wants to head for its 50% retrace. No daily 3LB changes (reversal is 82.92).



VIX
Bearish short day. Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. Still below all SMA's. No daily 3LB changes (reversal is 24.45). Trending down on daily 3LB.



GOLD
Bearish harami day (needs confirmation). Still above all SMA's. Midpoint above EMA(10). Still heading towards the 0% (it's coming). No daily 3LB changes (reversal is 1239.90).



EURUSD
Spinning top day. Midpoint below EMA(10). Held the 23.6% retrace. Back below the 4x1 Gann and the SMA(21). It's above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal now 1.2878).



JNK
Spinning top day (Risk on, risk off. Again Danielsan). Still failing to close gap. Above the SMA(21), SMA(89) & SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 37.72).



10YR YIELD
Bullish short day. The new 0.0% fibo retrace at 24.69 is holding. Midpoint above EMA(10). Back above the SMA(21). No daily 3LB changes (reversal is 24.77).



AUDJPY
Bullish short day. Midpoint below EMA(10). Above the SMA(21), SMA(55), SMA(144) and SMA(89). No daily 3LB changes (reversal is 75.8121).



TLT
Bearish short day. Back below the SMA(21). Midpoint below EMA(10). Above the gap (so it's support for now). No daily 3LB changes (reversal is 108.42). Trending down on the daily 3LB.



DJ TRANS AVG
Bullish long day. Still above the upper trendline and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4283.41). Trending up on the daily 3LB.




14 comments:

the professor said...

speaking of soft patch-

I like burying my face into those from time to time-

b22-

you remind me of that dude in Unbreakable (and I am not talking about the Bruce Willis character)

CV-

sent the $100 dues payment- in a Chevy Chase Bank envelope w/ a handwritten address

DO NOT toss- as it is not a bank offer- but cold hard cash-

well a personal check really- good as gold

CV said...

@prof

LOL - I pick up mail, like, about once every 2 weeks... But I'll be on the lookout...

If it doesn't get cashed for about 5 months, don't STOP PAYMENT on it (because I go to the bank, like, about twice a year)...

Anyway... I hope it gets returned to you with interest...

Last chance on Ryan Matthews dude...

Speaking of Matthews... CV is quiet tonight because I'm working on tomorrows POST... (which includes ANOTHER Matthews, and ties in the start of the NFL season, plus the market behavior)...

So I apologize for being away...

When I take to the habit of "cutting and pasting" other peoples work, (instead of penning original narrative), I'll have much more time to be attentive...

THANKS Ra!

CV said...

Post narrative...

Tonight almost feels the same as yesterday (in terms of INDECISION)...

Check out Daneric's site...

He's like my John Kerry foto this morning...

Either p3 is starting soon, or we're going to 1300... LOL

Ben22 said...

Mr. Glass?

C'mon Man!

Ben22 said...

C,

I also mailed my payment, hand written addy/check like ahab.

You should probably get it this week I would think.

Ben22 said...

whenever you have two counts like that with completely different outcomes one of them is most certainly almost a 0 probability, and in my experience both are likely to end up being wrong.

nobody wants to count it like Andy, probably because it's the most complex way to do it, but I think that's going to be closer to correct than the 1,300 or P3 call.

Crazy as this may sound, I'm more on board with 1,300 right now than I am with P3...nothing about this decline has been the P3 EWI has described for so many years.

the professor said...

Mr. Glass-

Unbreakable- great movie-

also- regarding a markedly strong upswing in the S&P-

I guess that it would have to go counter to economy, income and jobs-

that's tough for me to buy into

AmenRa said...

Prof

They did it before with the jobless recovery. But the banking system was in much better shape then (aka the lies were still well hidden).

Ben22 said...

I don't think we are going to see 1,300, just saying compared to P3 that would seem more probable if you had to choose between the two right now.

McFearless said...

@wunsacon,

bottom thread. easy dude. I never said a thing about taxes, you did. I never said I had a problem with the tax rate at that income level going up because I believe it needs to, and I'm quite aware of the marginal tax rates and the incremental tax paid at higher levels of income. all that I said was that $250k does not make you rich, pretty basic statement...I don't know where you live, but if you live where I do, and it's hardly the highest end area on the east coast, $250k is not rich by a long shot.

2small2bail said...

@C - x3 on the mailing, the return address will give me away, but you might want to make one of your twice yearly trips in the next 90 days ...

karen said...

hey, all.. thanks AR.. tho I want to fight you on your AUDJPY review, smiling. Futures pinkish..

think i'll revisit the last thread and see what I missed!

CV said...

EARLY NEW THREAD UP

Sorry Amen... NO disrespect...

It's that time of year... :-)

AmenRa said...

Karen

I thought I changed that :-)
I was probably reading the text from another chart when I thought I was reading the AUDJPY info.

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