AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.


"What did I do to you to deserve this?"

Creditcane™: Tick tock. Tick tock. June 30th approaches. Nuff said.


SPX
Bullish long day (bullish harami?). Midpoint below EMA(10). Failing SMA(144) & SMA(21). Failing trend line (3/6/09-7/1/10). Tested and held the 76.4% retrace (1277.73). No daily 3LB changes (reversal is 1265.42). QE2infinity. Tested and failed daily 3LB mid.



DXY
Bearish harami day. Midpoint above EMA(10). No test of 0.0% retrace (72.70). Tested and held SMA(89). Held its 23.6% retrace (74.73). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Bearish thrusting day. Midpoint above EMA(10). Above all SMA's. Tested and failed its 38.2% retrace (20.77). No daily 3LB changes (reversal is 18.26). Escaped back to the "fear" zone.



GOLD
Spinning top day (morning star forming?). Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Failing SMA(55). Failing its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Bearish short day (with long tail). Midpoint below EMA(10). Made a new 0.0% retrace (1.1781). No daily 3LB changes (reversal is 1.2010).



JNK
Spinning top day (didn't confirm dark cloud cover). Midpoint below EMA(10). Failing all SMA's. No test of 0.0% retrace (38.59). Failed its 38.2% retrace (39.48). Failing trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bullish long day. Failing all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (28.47). Still below the upper trend line. No daily 3LB changes (reversal is 30.99).



WTI
Hammer day. Failing all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (114.83). Failing its 85.4% retrace (93.07). New low on dally 3LB (reversal is 95.22).



SILVER
Bearish long day. Failing all SMA's. Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). New low on daily 3LB (reversal is 37.86). "You want delivery! You can't handle the delivery!"



BKX
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 76.4% retrace (47.07). No daily 3LB changes (reversal is 47.73).



HYG/LQD
Bullish short day (also could be bullish harami). No test of 0.0% retrace (0.7899). Below all SMA's. Midpoint below EMA(10). Tested and failed its 23.6% retrace (0.8050). No daily 3LB changes (reversal is 0.7961).




WORLD WIDE PREMIERE JULY 1, 2011

28 comments:

Matthew said...

I was in the motor vehicle bureau this afternoon and spent 2.5 hours getting new plates and a new license.

There were 7 people "working" there, but only one of them was servicing customers (in a downtown office in a city with three million people).

I overheard one of them making a personal call BSing with one of her girlfriends and several of the others were watching Opra on TV.

This bureau is only open weekdays from 8:30AM-4:45PM. It is very sad to see a situation like this when people have to take off extra time for work just to account for the poor service.

They had a suggestions box available and I thought it was too small to fit all of the suggestions that I have for making the place more efficient.

AmenRa said...

If you have any foreign accounts you might want to read this: http://www.zerohedge.com/article/guest-post-dont-forget-deadline-come-clean-thursday

They even want to know about your gold...

AmenRa said...

My head is about to explode because Luskin in on CNBC Asia.

AmenRa said...

Interesting. CDS contracts may not pay out and the debt being protected will have to take a loss. http://www.nakedcapitalism.com/2011/06/satyajit-das-default-semantics-credit-default-swaps-greece.html

Anonymous said...

@Matthew

Maybe its time to try your chances a few hours south in Peoria.

http://www.therightperspective.org/2011/06/26/peoria-mob-yells-kill-all-the-white-people/

AmenRa said...

@Anonymous

I guarantee that they wouldn't do that in Pekin (just outside Peoria). What bugs me is that this generation should have grown out those beliefs.

Matthew said...

This generation of middle class and above Americans HAS grown out of the racial tensions complex. In the lower class, racial tensions are still at a breaking point. I like to live in urban areas, so I have seen that kind of shit periodically in my life. It's still not bad enough to make me want to live in the burbs.

It makes me sick how poor people breed that kind of hate into their children--an extension of their frustration at failing in life (and sadly, they ensure their children's failure in this manner). After all, it must be the fault of someone else if I manage my affairs poorly.

Matthew said...

@AmenRa:

I suspect that the farther you move from an urban center, the more armed citizens are (amusing, since these are the safest areas in the country). The place in Ohio where I was raised was straight out of Deliverance. Every hillbilly around was armed to the teeth.

I talked to a hillbilly when I visited family in Toledo, OH in 2008 and he was stockpiling guns for (and I shit you not) the coming war between blacks and whites.

cv said...

Just gettin back (in the saddle as the case may be)...

---

Rough weekend for CV... I practically cut the top joint off my ring finger (don't worry, they managed to stich it back on... It'll be OK)... & on top of that, dislocated my right elbow...

But I still managed to teach my class 2nite (CV is a 'gamer' - tough to keep me out of the lineup)...

---

I was just thinking... This GREEK stuff... It actually had me kind of reminiscing...

OK - This is embarrasing... But in my years, I played some bit roles in various films...

This was actually the FIRST... (which is hard to admit)... But I have to say, being hobbled this weekend, it got me thinking that it wasn't so bad afterall - you kno - the CHEEZE FACTOR)...

---

"In Xanadu did Kubla Khan a stately pleasure-dome decree: where Alph the sacred river ran through caverns measureless to man down to a sunless sea."

It's a city in China, which became a metaphor for opulence...

Y'all kno the rest (Gotta watch it)...

http://www.youtube.com/watch?v=HGBqcBiUaVA

(CV [only I kno] is there for undectable moments at 3:57; 4:08-4:40; then, I think 6:00)...

It was fun anyway... F*** me, I was 20... Just havin' a good time... Not worried too much about THE BERNANK in those, hell, 'Volker' days (probably something to be said about that)... this weekend, it got me thinking that it wasn't so bad afterall...

Things turn out ok in the end...

---

"In Xanadu did Kubla Khan a stately pleasure-dome decree: where Alph the sacred river ran through caverns measureless to man down to a sunless sea." It's a city in China, which became a metaphor for opulence...

Y'all kno the rest...

http://www.youtube.com/watch?v=HGBqcBiUaVA

(CV [only I kno] is there for undectable moments at 3:57; 4:08-4:40; then, I think 6:00)...

It was fun anyway... F*** me, I was 20... Just havin' a good time... Not worrie too much about THE BERNANK in those, hell, 'Volker' days (probably something to be said about that)...

cv said...

oh & btw...

That chick in the first few minutes of the video (with the purple & black stiped blouse)... Her name was ANdRINA... She was a FREAK-A-HOLIC...

& eventually taught a young CV the many ways of the world... (1980 style)...

:-)... I don't regret it...

AmenRa said...

CV

Glad you're ok. When I read this "In Xanadu did Kubla Khan my first thought was this: http://www.youtube.com/watch?v=w-YXmZNGcs4

Andy T said...

Matthew--

Very interesting perspectives. Can't disagree with too much there.

cv said...

@Amen

ooh... I'm gonna have to listen to that... Haven't heard it in awhile...

Funny... My first impression when u mentioned ur 1st thot on Kubla Khan was this...

Always 1st in my recollection...

http://www.youtube.com/watch?v=zyv19bg0scg

cv said...

@Amen

Actually... the two weekend injuries happened separately...

One, maybe funnier than the other...

The sliced (practically off), tip of ring finger happened late at night Friday... Won't get into detail, but it was broken glass... Thing about it was that at the time I thought it was only a bad cut, so I just ran some water over it, presse it into some paper towels & went to sleep...

I woke up in the morning in terrible pain with a massively bloo soaked towel around my hand... Thinking... 'This isn't good'... So I one handed my truck to the emergency room an ene up with 5 stitches to sew the top of my finger back on...

What was funny was my house (when I got back)...

It looked like the effin MANSON murder scene... I mean, there was blood splattered across every friggin room, wall, floor, u name it... I practically even ha 'PIG' etched into the wall...

---

The dislocated elbow was much simpler... I'm carrying a 40 lb cinderblock (loading it onto the truck with my one good hand - instead of 2 as usual)... the ramp gives way - I go flying, 3 feet down to the ground - have only my right arm to protect me (cause my left is out due to the finger)... So luckily I only manage to dislocate that - I popped it back into place so it only hurts to hyperextend...

The cinderblock hit the concrete & broke into 1,000 pieces... I guess I'm lucky it didn't land on me...

Pretty comical... all in all... :-)

cv said...

@Amen

on the 'frankie' video link...

Nice to see Technics 1200's in action again...

Those don't look like Stanton stylus' tho...

That was always a tough call (back in the day)... Stantons sounded better, but they were harder to scratch with...

AmenRa said...

CV

Glass is sneaky. I really hate it when small shards embed in the skin.

AmenRa said...

CV

Yeah. Grados sound much better. BTW did you figure which mixing software to go with?

AmenRa said...

CV

Playing that FGTH in a club with stacked subs sends the crowd into a frenzy ;-)

BinT said...

http://www.bloomberg.com/news/2011-06-27/papandreou-urges-greek-lawmakers-to-back-austerity-steps-as-unions-strike.html

..The economy contracted 4.4 percent in 2010 and will shrink a further 3.8 percent this year, according to a report from EU and IMF inspectors in June. The nation’s debt load will peak at 166 percent of GDP next year, and is already the biggest in the euro-region’s history.

Papandreou’s plan includes higher taxes on restaurants and bars, higher heating-oil taxes and lowering the tax-free threshold to 8,000 euros from 12,000 euros presently. Greek newspaper To Vima calculated the additional burden for an average Greek family of four at 2,795 euros a year, about the same as one month’s income.

...When Elephants fly...

AmenRa said...

BinT

Any takers on whether or not the tunnels are blocked already? Remember Greece had problems collecting taxes in the first place. What makes anyone think they will do better this time?

cv said...

@Amen

BTW did you figure which mixing software to go with?

---

Still haven't had much time... I'm still 'hacking' mixes on Virtual dJ (literally 'hacking' - cause it sucks)...

Still... With a missing left ring finger & dislocated right elbow... CV still managed 2 rock the house 2nite...

Whodini was my BFF... (The went nutz)...

http://www.youtube.com/watch?v=JLYC7ltxOrk

cv said...

"If you want to live a nice quiet life...

do yourself a favor don't come out at night"...

cv said...

then again... PETER (crank it up) BROWN has something to say about that...

http://www.youtube.com/watch?v=Yr-5EdVcGrM

AmenRa said...

CV

HA! I was just listening to "Baby Gets High".

cv said...

@Amen

It's weird... SOCIOECONOMICS & all...

I'm telling u... I teach about 5 classes a week... I try & mix up the music as much as I can...

last week... They 'hated' a mix I did of late 2000's songs... But they LOVEd a mix I did of 70's songs...

More or less it was...

Gloria Gaynor - I Will Survive
Taste of Honey - Boogie Ooogie Oogie
Brothers Johnson - Stomp
Santa Esmeralda - don't Let Me Be Misunerstood
Lipps Inc - Funkytown
(forget by who) - Miss You
True Image/Samantha Sang - Keep Me dancing
Anita Hall - Ring My Bell
donna Summer - Last dance
EWF - Boogie Wonerland
Peaches & Herb - Shake Yout Groove Thing
Foxy - Get Off
Village People - YMCA
Stars on 45 - If You Could Rea My Mind
daniel Hartmann - Instant Replay
Patrick hernanez - Born 2 be Alive

---

They're LOVIN the 70's (disco) at the moment...

Make of it what u will...

Jennifer said...

Okay, I read the Peoria stuff. First of all, I've been to Peoria, and I have a hard time believing that enough black people live there to form a gang, but maybe I'm wrong. Second, the article was just plain weird, full of typos, sentences that didn't make sense. While I've been known to have a few keyboard idiosyncracies, I'm not publishing my thoughts in a paper people pay for, and I think that article just doesn't seem legit. There has been absolutely no mention of any type of mob action in Peoria in the Chicago media that I've heard at all, and the hubby's got tons of relatives in little towns all around central IL so I think that's the kind of thing we might actually get a phone call about. Pekin -- hysterical place, some cousins-in-law still have their HS letter jackets that show the name of their mascot: the Pekin Chinks. Now that's about as un PC as you can get. Look at all the great stuff I missed out on as a kid in the Jersey 'burbs.

AmenRa said...
This comment has been removed by the author.
AmenRa said...

Jennifer

Trust me there are more than enough in Peoria. You have to go "down the hill". I was at Bradley and some of the students there were from Peoria. The thing with Pekin is that the KKK had a large following there (back in the day).


-------------------------------
CV

The Rolling Stones "Miss You"

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