A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I was drugged, tied up and left in a dark room during BB's press conference.
SPXBullish long day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace (1357.49). New high on daily 3LB (reversal is 1330.36). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYBearish short day. Midpoint below EMA(10). Made a new 0.0% retrace (73.30). Below all SMA's. New low on daily 3LB (reversal is 74.00). Sending out depth charges to clear the way.
VIXHigh wave doji day. Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 16.27). Deep in the "no fear" zone.
GOLDBullish long day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1498.90). Holding above upper trend line. Must have the precious.
EURUSDBullish long day (another hanging man set free). Midpoint above EMA(10). Tested and held the 85.4% retrace (1.4640). Still above all SMA's. New high on daily 3LB (reversal is 1.4555).
JNKBearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 100.0% retrace (40.78). Still below lower trend line. No daily 3LB changes (reversal is 40.56).
10YR YIELDSpinning top 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. No daily 3LB changes (reversal is 34.10).
WTIBullish short day. 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).
SILVERBullish short day (possible bullish harami). 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 43.94).
SPX/GOLD RatioTrading below monthly 3LB mid. It has been weak for the last three months.
20 comments:
EURUSD still moving higher. DXY may test 73 before the night is over. Gold tagged 1530. How long before it hits 1550?
I just noticed that silver hasn't rolled over to the new month. Usually takes a day. Sorry about that. Per finviz silver is 48.72.
Thanks AmenRa, the SPX/Gold is a welcome addition to your roundup. Love your charts!
Watched the tornado go through Birmingham on the Weather Channel. Impossible to look away.
Very close calls here today, too.
DXY low 73.11 (so far)
Silver unbelievable. Very powerful.
Japan may have to consider intervention again...soon.
Love the crying bear...
Sort of reminds me of the crying Indian commercial form the late 1970's/early 1980s....when people were trashing out his land.
The 60 min. RSI set a new high today, so today will likely NOT be the high of this current move. Chances are we see higher prints within the next few days....
Still like my message from last Sunday night.
Andy T
I remember that commercial.
This is the one: http://www.youtube.com/watch?v=_R-FZsysQNw
OMG at the buzzer!!!
chARtist, as always, thx for the charts.
AT, re: Sunday comments. To me it seemed 1350 was in the bag but 1375 would be reached in a couple weeks. May see it much sooner. Sorry I sold all of my calls to soon.
SPX YTD 8.1%
1 YR 13.9%
They can run this up much higher IMO.
Short Sellers Now Screaming About a Buy Side Silver Conspiracy
Andy/Ben,
Looking for your guys EW thoughts ... It appears very likely that DX will shoot to new all-time lows given this powerful thrust out of it's triangle since the '08 lows (82 being the end of the e-wave). 69ish seems like a minimum target. A break to 60's would make a nice conclusion to the "dollar collapse" theme. What da ya think?
Thanks,
Steve
Andy - Give it a rest already. Jeez, stalk much?
Andy T said...
dss@11.46.
Nah.
I'll keep posting here whenever I feel like it. It's interesting to see you and Thor get your panties in a wad over commentary that is neither profane nor offensive.
You're fulfilling all my expectations.
Cheers.
Love the Gold Trend.
I think I still owe you a beer (or something) down here.
I need to address the DXY soon. I talked about the alternative (bearish) count several weeks ago. It's time to revisit those implications.
I don't like to admit it, but Neely was probably correct on the Euro count. I knew what his general Euro count had been for two years now, but never quite agreed with it for a few different reasons. However, a few months ago, after the Dollar was languishing so much, the alternative bearish count had to be considered....
That's why we don't get married too much to a "count."
qqqq:
Whomever is LOSING money, always sees a conspiracy.
DXY low 72.87 and the night isn't even over...
Andy,
No worries on the beer, you've paid hundreds times over with the EW/Neely education/charts over the last 2 years. I don't really drink much anyways!
My favorite EW set-ups are triangles, and DX just has the right feel that we're going through a final thrust right now.
Steve
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