A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I have been to the mountaintop. You don't want to know what's on the other side.
SPXBullish long day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace (1349.55). New high on daily 3LB (reversal is 1314.16). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYBearish short day. Midpoint below EMA(10). Tested and held 0.0% retrace (73.74). Below all SMA's. New low on daily 3LB (reversal is 74.37).
VIXBullish short day. Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 16.27). Deep in the "no fear" zone.
GOLDBearish short day (long tail means bulls fought back). Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1495.10). Holding above upper trend line. Must have the precious.
EURUSDHanging man day. Midpoint above EMA(10). Tested and failed the 85.4% retrace (1.4640). Still above all SMA's. New high on daily 3LB (reversal is 1.4497).
JNKBullish short day (dark cloud cover lifted). Midpoint above EMA(10). Still above all SMA's. Still above its 85.4% retrace (40.60). Still below lower trend line. New high on daily 3LB (reversal is 40.56).
10YR YIELDBearish long day. No test of 0.0% retrace at 37.44. Still below all SMA's. Midpoint below EMA(10). Failing the 38.2% retrace (33.71). Held the upper trend line. New low on daily 3LB (reversal is 34.10).
WTIDoji day again. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 113.38). Still above weekly 3LB mid (108.61).
SILVERBearish long day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (49.78). Holding upper trend line. No daily 3LB changes (reversal is 43.91).
TLTBullish short day. Midpoint above EMA(10). Still above SMA(21). Tested and held the 23.6% retrace (93.14). No daily 3LB changes (reversal is 89.68).
HYG/LQDBearish long day. Still below the 61.8% retrace (0.845). Tested and failed SMA(89). Midpoint below EMA(10). No daily 3LB changes (reversal is 0.850).
AT's Glimpse at WTI Oil:
13 comments:
re: new Template
here, using IE6, the further down the page, the more of the 'left-hand' margin is lost..
literally, it's like the 'Template' is crooked, and after ~7, or so, Posts, they become gradually, more and more, un-legible..
anyone else, having that issue?
ibid.
Sorry no problems here.
MEH. That's messed up. Don't really have those issues.
ibid,
you running on a PC? Either way I don't know the answer to your problem, but I figured I'd let you know that people that use Macs have more parties, so I'm not sure what you are waiting for.
I don't have this issue on my Windows computer or my Mac using Firefox and Opera.
However, I remember when Andy used this template for his site, I experienced the issue you mentioned when I was at work using the IE6 browser.
I can't remember if there was a fix.
IE8 with windblows 7, no probs here
sold last of my SSO calls today, just because.
yes, it be an IE6 prob, most probably..
I'll have to spool up Opera 10.x to see if that worx better..
AAIP
but, just to give an ex. 'qqqq''s post --the 'text' is starting to get 'to the left' of the box outline..
Tossed up a quick glance at a WTI chart...there's a small scale H&S play with that one into a possible "double top"...things to consider.
I loathe "double tops" as they're pretty rare. My bias would be to short term trade the WTI and sell a the neckline break, but go long into that 62% retracement level highlighted.
Just sayin'.
I sort of like this reason.com site because the articles are mostly "against the grain"....
But this guy gets it wrong on the gasoline prices:
http://reason.com/archives/2011/04/26/whither-gasoline-prices
The article begins:
"Gasoline prices are up to $3.88 per gallon on average in the United States because the price of crude is running at around $112 per barrel on the New York Mercantile Exchange. It’s really simple; the price of oil goes up, then so too does the price of gasoline."
If anyone ever says 'the price of oil goes up, then so too does the price of gasoline,' immediately IGNORE THEM.
CRUDE OIL FOLLOWS PRODUCTS. Crude oil is UP because products are up.
"Most of the time" crude is merely the tail on the dog. There are a periods of rare exception, but those normally don't last.
Gasoline is up because speculators are anticipating a 'lack of gasoline' for the driving season in the summer. Therefore, they bid up the price of gasoline...the price rises until it reaches a market clearing equilibrium. Gas usually FALLS in May, right before gasoline season, as the market realizes that, ONCE AGAIN, we'll have enough product for the summer.
@cv.
"No golf yet... I'm kind of itchin' to get out and hit some wedges or something... I have enough room on the property to actually put up a hitting area, and hit maybe 120 yard wedges to a tomato can and a flag...
Might just do it..."
Tilapia farms don't make me jealous. But, CV, a hitting range on some property along with a good "green" with a sand bunker would make me very jealous.
I had a few 'oily' traders talk about the H&S on the S&P500 today....all convinced of another 100pts on the SP500. I'm now 78.6% certain that this inverted H&S on the SP500 will NOT play out as per "the plan."
Pretty certain this break of 1344 will be a bull trap.
DXY continuing to find new depths...
Silver getting its mojo back...
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