A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
CFTC is akin to a fruit that is perfect on the outside but rotten in the middle.
Creditcane™: Damn you CFTC. Will someone give them a pair since theirs seem to be missing?
SPXBullish long day (completed morning star). Midpoint below EMA(10). Still failing SMA(144). Failing trend line (3/6/09-7/1/10). Held the 76.4% retrace (1277.73). Failing monthly 3LB mid. Daily 3LB reversal up (reversal is 1270.98). QE2infinity.
DXYSpinning top day. Midpoint above EMA(10). No test of 0.0% retrace (72.70). Failing SMA(55). Failing its 23.6% retrace (74.73). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.52).
VIXBearish short day (with long tail). Midpoint above EMA(10). Still above all SMA's. Held its 23.6% retrace (18.28). Daily 3LB reversal down (reversal is 19.61). Tried to escape the "no fear" zone.
GOLDBullish harami day. Midpoint below EMA(10). No test of 0.0% retrace (1577.40). Held SMA(21). Held its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.
EURUSDSpinning top day. Midpoint at EMA(10). Tested and held SMA(55). Holding above its 76.4% retrace (1.4346). No daily 3LB changes (reversal is 1.4650). "Run Trichet. Run."
JNKBullish long day. Midpoint below EMA(10). Failing all SMA's. No test of 0.0% retrace (39.40). Tested and failed its 23.6% retrace (39.76). Failing trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.96).
10YR YIELDBullish LONG day. Back above SMA(21). Midpoint above EMA(10). No test of 0.0% retrace (29.19). Still below the upper trend line. Daily 3LB reversal up (reversal is 29.62).
WTIBullish engulfing day. Failing SMA(144). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Tested and held its 61.8% retrace (98.93). No dally 3LB changes (reversal is 100.32).
SILVERBullish harami day. Failing SMA(89) & SMA(21). Midpoint below EMA(10). Back below the upper trend line. Held its 61.8% retrace (35.28). Failed lower edge of triangle. No daily 3LB changes (reversal is 38.30). ""You want delivery! You can't handle the delivery!"
BKXShooting star day. Midpoint at EMA(10). Failing all SMA's. Holding above its 76.4% retrace (47.07). No daily 3LB changes (reversal is 47.69).
TLTBearish long day. Midpoint below EMA(10). Failed SMA(21). No test of 0.0% retrace (97.72). Trading above its upper trend line (barely). Tested and failed its 23.6% retrace (95.81). New low on daily 3LB (reversal is 97.64).
COPPERBullish long day. Midpoint above EMA(10). Back above SMA(21). No tests of 0.0% retrace (4.685). Back above 38.2% retrace (4.135). No daily 3LB changes (reversal is 3.914).
WORLD WIDE PREMIERE JULY 1, 2011
10 comments:
@Amen
10yy - "Bullish LONG Day"
OT2 bitchez!
nice job on the wrap Ra, and nice call on the candle yesterday on $spx
I think the clue on the 10 year was the inside doji two days ago, very curious to see how it acts at the weekly reversal level assuming it gets there
I think the clue on the 10yy was Biggie Gross saying he was sharing Rosies bed...
Inverted yield curves will not be permitted!
"We'd like to formally announce that all future recessions will be cancelled"...
"And don't worry, when oil hits $200 a barrel... O'BARREL will put on his jack boot & fix that price for you too"
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MATRIX 2012
Q: "How do you BEND the price of gasoline"
A: "You must first accept that there is no gasoline"
The 3 day candles on the S&P 500 really is a nice example of a doji star pattern. It seems good for at least several days of at least higher/sideways price action.
I like the way everyone's on board with the "We must raise the debt ceiling or else all hell will break loose" story/meme.
None other than the Bernank scarying the Congressman today.
Awesome.
Hey, about these ideas:
1) Cut all subsidies to all businesses right now and demand the same of all other governments around the world.
2) End the Failed War on Drugs and release the millions of people who are in jail for merely "possessing" a drug.
3) End the "America as World Police" hegemony.
4) Either eliminate several of the useless Government Departments (i.e. Interior, Agriculture, Education, Homeland Defense) or disperse those departments to other parts of this big countries....at least "spread the fat" around this place.
5) Start selling off some of our shit. i.e: There are miles of some kick-ass California coastline north of San Diego occupied by the military. Why can't Camp Pendleton be located somewhere less desirable?
Anyways...those are some "starting points" that I can see....
We can talk about the failed Medicare and Social Security system next year....
AT,
just throwing it out there, if that was the end of the C wave that B wave was large, 121 points and more than 100% of A on cash up to the 1370 intraday high. D then should be smaller than B correct? These might be rough targets:
1311, 1326, 1340
The morning star pattern is nice and I don't see any candles as large as today's in the B wave. I think that B wave would be counted as 33 days.
What do you think?
I'd have to guess "c" is over now. because the c-wave looks like an "expanding" triangle, this market should NOT trade above 1350, the beginning of that last powerful wave down (e-wave within the larger c-wave).
So, from a short term trading perspective, I'd be either on the sidelines or making an "attempt" to buy the next small dip we get, if we get one in the next day or two.
Would like to see it rally so that I can sell into the 1340-1350 zone.
ben22
If there was a third doji on the 10yr I would have expected the yield to fall further.
@Andy
This... I'll let y'all firgure out for yourselves where to insert the [/sarc] tags...
I like the way everyone's on board with the "We must raise the debt ceiling or else all hell will break loose" story/meme... None other than the Bernank scarying the Congressman today...
See... That's why they need guys like WEINER in there, to do some 'scarin right back
Hey, about these ideas:
1) Cut all subsidies to all businesses right now and demand the same of all other governments around the world.
A government without graft & kickbacks? I hardly think a playbook for that exists... Though I'm sure there are blogs with bright academics on them who will draw up one of those operating manuals though...
2) End the Failed War on Drugs and release the millions of people who are in jail for merely "possessing" a drug...
What? And how would the SEE EYE YAY afford all those brand new shiny black helicopters? Besides, then they's have to come up with another excuse to NOT jail bankers... Too much bother...
3) End the "America as World Police" hegemony...
Ah yes... The NO MORE JOHN WAYNE experiment... Only problem is, if you kill John Wayne in one way, you BECOME John Wayne in another (because with $300 a barrel oil - we're going to need another Mustang explosion...
http://en.wikipedia.org/wiki/Mustang_(horse)
Got oats?
4) Either eliminate several of the useless Government Departments (i.e. Interior, Agriculture, Education, Homeland Defense) or disperse those departments to other parts of this big countries....at least "spread the fat" around this place...
They all still serve needs... Ag is still working on getting us to 'Soylent Green' status...& the 'Orwellian' aspects of the Dept of 'Another Brick in the Wall' & DHS, are, at the moment, 27 years behind schedule... Plus, the designers haven't figured out what the 'Oceania' flag should actually look like yet (other than it's colors should be pink)...
5) Start selling off some of our shit. i.e: There are miles of some kick-ass California coastline north of San Diego occupied by the military. Why can't Camp Pendleton be located somewhere less desirable?
Yeah, how about CP stretching along the entire length of the Rio Grande?... Maybe Bill Gross could liquidate his holdings and buy the Kalifornia property... It's be worth about 10 days of POMO, but it's a start!
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But in the end, it's all about PRIORITIES... Gotta consider that 'gay marriages' trump all of the above in an order of importance...
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