AmenRa's Corner

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



Creditcane™: I'm still enjoying the long weekend. See you soon...



SPX
Doji day. Midpoint above EMA(10). Still above the trendlines (3/6/09-7/1//10), (2/5/10-5/6/10) & (4/26/10-8/9/10). Above all SMA's. Above 1110.02 (the .09 fibo from high) and above 1151.86 (the .0557 fibo from high). New high on daily 3LB (reversal is 1148.67). QE2infinity.



DXY
Bullish engulfing day (still would prefer candle to be larger). Midpoint below EMA(10). Still below its 76.4% retrace at 77.60. Also below 78.41 (.0557 from low). No daily 3LB changes (reversal is 78.09).



VIX
Bearish short day (morning star?). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. New low on daily 3LB (reversal is 21.31). Gapped into the "no fear" zone.



GOLD
Bullish short day. Way above all SMA's. Midpoint above EMA(10). No test of new 0% retrace. New high on daily 3LB (reversal is 1317.80).



EURUSD
Bearish engulfing day (but todays candle should be larger). Midpoint above EMA(10). Failed to hold its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.3637).



JNK
Spinning top day (failed to confirm hanging man). Above all SMA's. Midpoint above EMA(10). Closed slightly above the 100% retrace. New high on daily 3LB (reversal is 40.01).



EURJPY
Spinning top day. Back below SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% retrace at 114.4666. Daily 3LB reversal down (reversal is 115.4114).



DJ TRANS AVG
Doji day. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4576.47).




CRB
Spinning top day (evening star?). Midpoint above EMA(10). Above all SMA's. Tested and failed Gann 1x1. New high on daily 3LB (reversal is 288.42).



SUGAR #11
Bullish short day. Above all SMA'. Midpoint above EMA(10). New high on day 3LB (reversal is 25.02). Now trading above monthly 3LB reversal price.



19 comments:

spoonman said...

from 60min on HFT
"We have to make it a place people feel they can trust their retirement savings to."

bwahahaha...

Anonymous said...

http://fridayinvegas.blogspot.com/2010/10/so-you-like-alan-grayson.html

Andy T said...

@Spoonman: Classic.

For CV and AmenRa, I posted a Market post 1 minute before your "wrap" so as not to "top" your finishing "Wrap." CV can use it anyway he might like. Just highlighting for some of the friends...

http://traders-anonymous.blogspot.com/2010/10/monday-evening-post.html

CV said...

@Andy

Got it...

Leaving "Amen's Corner" as the active thread here... I posted 1 comment on your thread (but we'll keep it as a fantastic wave reference)...

@Amen

Thanks again... VIX VIX VIX... No Fear right?

Don't these people know Halloween is coming?

Oh no wait... It's...

drumroll...

THE ELECTIONS...

CV said...

Cv has to go now to catch...

C'MON MAN!

wunsacon said...

There's no way to roll back the clock on computerization. HFT is just another step. Eventually, computers will put most of Wall Street workers out of business.

That will be a good thing, for at least 2 reasons:

- First, these usually-smart, often hard-working folk will do something else with their time. I argue that it will be more productive than the s*** they do now. In other words, computers will kill what our ineffective, compromised government cannot.

- Second, when a lot of these lower/mid-ranking "don't-mess-with-capital-or-I'll-go-Galt" types get laid off, they'll rediscover the concerns of the rest of America. They'll realize it's a new era and ask themselves "what's next for us as a society?" Having fewer voters/campaign-donors in favor of the status quo implies a greater chance for change.

So, rather than fight structural change and draw it out painfully, I welcome any way to expedite it. To me, HFT is a step in the right direction.

...

Hey, Bruce, am I sounding East Tennessee-an?? (Actually, several months ago when you said that, I forgot to ask you: what does that mean??) ;-)

CV said...

@wunsacon

yeah maybe they can then computerize politicians, and central bankers...

We can have multple sets of algo programs depending on which percent of "red" & "blue" candidates are running for whatever...

- Executive Branch
- Senate
- House
- Judicial seats

Just PROGRAM in the results, and you get the government you DESERVE...

I'm sure glad my FOOD doesn't grow that way...

BinT said...

Wunsacon:

as a transplant, you have to know the lingo.

Y'uns is the same as Y'all is the same as You People..

Fixin' is the same as About to or Soon

Bernanke is the same as Beelzebub..


...Nothing to it really...

BinT said...

See y'uns in the a.m.

wunsacon said...

>> We can have multple sets of algo programs depending on which percent of "red" & "blue" candidates are running for whatever...

Thank you, CV. I will pitch that idea at my next meeting with the Diebold product management team. ;-)

wunsacon said...

>> I'm sure glad my FOOD doesn't grow that way...

CV, I know you've chuckled at my meager attempts to stockpile food (i.e., a few months' supply of "Mountain House"). Well, I bought my first mini-soybeans contract. Over time, I will accumulate more. *If* the counterparties survive our upcoming bought of hyperinflation, well, that's my "food stash". ;-)

wunsacon said...

These people:

http://news.yahoo.com/s/ap/20101011/ap_on_bi_ge/us_social_security_no_cola

don't seem to understand how lucky they've been and why they should be grateful with the checks (and whatever other bennies) they get.

wunsacon said...

Ah, okay. Thanks, BT.

Good nite, CV.

Andy T said...

I think Brett Favre is wishing he had just stayed retired the last few years. There's lots of cute tail in Mississippi...he could have had ALL of it...

Instead, he just looks like a washed out dirty old QB.

Will be difficult to repair all of this.

karen said...

he's a great example of why men seem so DUMB.

karen said...

speaking of DUMB, the latet buyout rumour:

http://www.dailymail.co.uk/money/article-1319680/MARKET-REPORT-LOreal-set-Avon-Inc.html

AmenRa said...

Boy they are calling Japans bluff. Yen at 1.22+, USDJPY at 81.89.

AmenRa said...

TNX heading for 2% soon. Futures down (but it's early).

Good game yesterday.

CV said...

new thread

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