A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Shhh. Did you hear that? Sounded like a bear stalking a bull.
SPXInverted hammer day (be careful bears). Midpoint below EMA(10). Failing SMA(21), SMA(55), SMA(89) & SMA(144). Failing trend line (3/6/09-7/1/10). Tested and failed the 61.8% retrace (1295.47). Failing weekly 3LB mid. Failing monthly 3LB mid. New low on daily 3LB (reversal is 1312.94). QE2infinity. "JBTFD. Any questions?"
DXYBearish long day (another bullish harami fail). Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Failed its 14.6% retrace (73.95). Failing its weekly 3LB mid. New low on daily 3LB (reversal is 74.64).
VIXBullish short day. Midpoint above EMA(10). Still above all SMA's. Held its 23.6% retrace (18.28). No daily 3LB changes (reversal is 15.45). Wants to escape the "no fear" zone.
GOLDDoji day again. Midpoint above EMA(10). No test of 0.0% retrace (1577.40). Above all SMA's. Held its 14.6% retrace (1539.32). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.
EURUSDBullish engulfing day (which confirmed bearish thrusting). Midpoint above EMA(10). Above all SMA's. Tested and held its 85.4% retrace (1.4640). New high on daily 3LB (reversal is 1.4379).
JNKBearish long day. Midpoint below EMA(10). Failed its SMA(233) again. No test of 0.0% retrace (40.93). Tested and failed its 61.8% retrace (40.10). No daily 3LB changes (reversal is 40.84).
10YR YIELDBearish short day (confirmed gravestone doji). Still below all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (29.48). Still below the upper trend line. No daily 3LB changes (reversal is 31.21).
WTISpinning top day. Tested and failed SMA(144). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Held its 61.8% retrace (98.93). No dally 3LB changes (reversal is 111.41).
SILVERSpinning top day. Held SMA(89). Midpoint above EMA(10). Still below the upper trend line. Failing its 50.0% retrace (38.05). No daily 3LB changes (reversal is 36.12). ""You want delivery! You can't handle the delivery!"
BKXInverted hammer day (prefer higher closes on these). Midpoint below EMA(10). Failing all SMA's. Failed its 76.4% retrace (47.07). New low on daily 3LB (reversal is 48.04).
WORLD WIDE PREMIERE JULY 1, 2011
6 comments:
Alright ...who wants to dance...I'll get it started:
http://www.youtube.com/watch?v=xQ39WeJpDLQ&NR=1
Traders did a "FIND" on BB's speech searching for QE3. No results were found. Sell!
how about "transitory", "weather", "tsunami", "snow",or "sophisticated diets of emerging nations"...
any results there?
What about "contained", or "we don't monetize"...
CV,
Here's a question, how many people at your gym spend more time texting than they do working out.
I'm pretty sure mine is up to 25% now, and rising rapidly.
I'm long the texting no matter what activity double long ETF on margin.
Along with everything else they've been wrong about vis a vis various flus' and pandemics.
Radiofrequency electromagnetic fields are possibly carcinogenic.
WHO has classified radiofrequency electromagnetic fields as possibly carcinogenic to humans, based on an increased risk for glioma, a malignant type of brain cancer, associated with wireless phone use.
As for texting at my gym, one should be a bit more concerned about thumb cancer.
Peeps see this today? I caught the whole segment, thought it was really worth watching, the comment near the start was that Texas has accounted for 38% of all the jobs in the US since the recovery started, assuming he's using the NBER date, very interesting.
http://www.businessinsider.com/richard-fisher-fed-gas-tank-liquidity-2011-6
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