Creditcane™: I did clock in but may have left a little early.
SPXHammer day. Midpoint above EMA(10). Still above all SMA's. No test of 0.0% retrace (1370.58). Tested and held 14.6% retrace. No daily 3LB changes (reversal is 1347.24). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYSpinning top day. Midpoint below EMA(10). No test of 0.0% retrace (72.72). Below all SMA's. No daily 3LB changes (reversal is 73.84).
VIXSpinning top day. Midpoint above EMA(10). Back above SMA(21). New high on daily 3LB (reversal is 14.62). Still deep in the "no fear" zone.
GOLDBearish short day (confirmed dark cloud cover). Midpoint above EMA(10). No test of 0.0% retrace (1577.40). Still above all SMA's. No daily 3LB changes (reversal is 1517.10). Holding above upper trend line. Must have the precious.
EURUSDDoji day again. Midpoint above EMA(10). Still holding above the 85.4% retrace (1.4640). Still above all SMA's. No daily 3LB changes (reversal is 1.4721).
JNKBullish harami day. Midpoint below EMA(10). Still above all SMA's. No test of 0.0% retrace (40.93). No daily 3LB changes (reversal is 40.90).
HYGBearish short day. Midpoint below EMA(10). No test of 0.0% retrace (92.85). No daily 3LB changes (reversal is 92.85).
10YR YIELDBearish short day. No test of 0.0% retrace (37.44). Still below all SMA's. Midpoint below EMA(10). Tested and failed the 23.6% retrace (32.83). Holding the upper trend line. New low on daily 3LB (reversal is 33.12).
WTIBearish long day (confirmed bearish harami setup). Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). No dally 3LB changes (reversal is 106.84).
SILVERBearish long day. Back below SMA(21). Midpoint below EMA(10). No test of 0.0% retrace (49.80). Holding upper trend line. Daily 3LB reversal down (reversal is 48.60). ""You want delivery! You can't handle the delivery!"
AT's "Glimpse" at Silver
WORLD WIDE PREMIERE JULY 1, 2011
11 comments:
from other thread...
The shiny one went parabolic at 20-21 when it busted out of a big triangle. Markets have a powerful tendency of returning back to the point it launched.
Though, there is definitely a layer of support a 30 for sure...
Not to negate the TA view of an experienced chartist... But CV is going to offer this...
WE'RE NOT GOING BACK TO $21...
& I'll add...
SLV is NOT 'physical' silver... These ETF's exist for one purpose only... That is... To SUPPRESS the price of these for as long as possible...
CV frankly thinks a lot of damage was done to that notion in the most recent spike... Which means... WE'RE NOT GOING BACK TO $21...
Actually, as a physical buyer... I HOPE I'm wrong...
But trust me (or don't - with your 'pattern recognition software' from TD Ameritrade & fucking gann angles)... THE MORGUE is SALIVATING to take delivery of PHYSICAL in the low 30's... (in a market which is still in backwardation)...
So... PAPER TRADE your little lives away (and pay your taxes as subservient little fools on those trades)...
WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF?
WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF? WTF?
WTF? WTF? WTF? WTF? WTF?
has changed since last Friday???
Bin Laden killed???(the moment silver hit 50 and DXY was collapsing)??? OR... the moment that CV told you anyway that markets do reversals (I said that about a brazillion times)...
Yeah... right... I guess that means that the US debt ceiling is not in jeopardy, social security & medicare are 200% funded, the FED can stop monetizing debt because 'Alpha Centauri' is going to buy our notes, we can STOP fighting imperialistic wars for oil, and ALL THAT SHIT...
King dollar bitchez! Going to par!
my 'sarc' tag didn't show up there...
SARC!!!!
fuck this
You know... CV is a RAVENS fan (which means there is nothing I HATE more than the PITTSBURGH STEELERS)...
But this 'Steelers' player is the only fucking person that has said anything I've readf that MAKES SENSE the past couple of days...
http://sports.yahoo.com/nfl/news;_ylt=AgzpWY_akc3n_4KBuzWWPbs5nYcB?slug=ap-steelers-mendenhall
Nice to see Barry going with the classic "Socialist" comment bait tonight....
Should elicit plenty of moronic comments.
added in a glimpse at Silver and the one trendline that I see holding it up...
Was doing a mindless task today at work so my mind wandered... Oil will go down due to Osama's death. The white house stated that al-qaida is gone now. Since this fictious terrorist name was created by the CIA, then they can stop the oil invading/kill the terrorists wars anytime. It's going to take a while for stocks to feel this, maybe into next year but they wont fair well when the downturn begins. The govt. will slow down the spending soon which will hurt stocks. Also, defense spending will slow down which will hurt stocks. Soon, if it hasn't already started, gold will out perform silver. Gold prices will rise (who knows how much) until the end of Obama's run. Anyway, just some random shit I was thinking and all or part is just that... boooshit.
Some of the greatest thoughts occur while doing mindless tasks....
As I forecasted earlier at 8.02PM, plenty of morons came out for BR's "comment bait"...
Like night follows day sometimes...
Oh well. Back to basketball...
I guess they were very scared of silver breaking $50. But unfortunately for them many who are long are also budgeting for the inevitable hike in margins.
http://www.bloomberg.com/news/2011-05-03/portugal-agrees-to-116-billion-aid-plan-with-longer-budget-deficit-target.html
Portugal Agrees on Aid Plan With Wider Deficit Targets
Portugal reached an agreement with officials preparing its European Union-led bailout that will provide as much as 78 billion euros ($116 billion) in aid and allow more time to reduce the country’s budget deficit.
The three-year plan set goals for a budget deficit of 5.9 percent of gross domestic product this year, 4.5 percent in 2012 and 3 percent in 2013, Prime Minister Jose Socrates said in Lisbon today. The government in March targeted a deficit of 4.6 percent this year, 3 percent in 2012 and 2 percent in 2013.
“The government was able to obtain a good agreement,” Socrates said in comments broadcast live from his official residence. “Naturally there are no programs of financial assistance that are not demanding and that do not imply a lot of work. That does not exist.”
But I thought Finland didn't agree to support the Portugal bailout.
Been working to much to join in the fun. Said a few days ago 18's started to roll over.
Minor 18's playing out well. Hung around 1368 for a few hours then the downturn began. Said watch 1359, didn't hold, down to 1350 for support. Didn't hold overnight, down to 1332 for a bounce. I now see a H&S... 1350-1368-1350. We may just see 1314 (gap fill), 1296 excellent support, if, we get there but very much doubt it. Some buyers at 1332, for now.
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