AmenRa's Corner

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


"Did you think I would give you a break because it's a holiday weekend? Not on my watch."

Creditcane™: Someone fire up the grill. I'm tired of these games.


SPX
Bullish long day. Midpoint above EMA(10). Above all SMA's. Failing trend line (3/6/09-7/1/10). Tested and held the 38.2% retrace (1324.16). New high on daily 3LB (reversal is 1296.67). QE2infinity. Bah humbug.



DXY
Spinning top day (morning star not formed). Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Failing its 23.6% retrace (74.73). Tested and failed its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Spinning top day (another morning star failure). Midpoint below EMA(10). Below all SMA's. Failing its 14.6% retrace (16.75). New low on daily 3LB (reversal is 21.32). Extradited back to the "no fear" zone.



GOLD
Bearish long day (confirmed a downtrend bearish engulfing - guess that means continuation). Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Tested and held SMA(89). 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
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (1.1781). Tested and held its 23.6% retrace (1.2143). New high on daily 3LB (reversal is 1.1925).



JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(233). No test of 0.0% retrace (38.59). Tested and held its 61.8% retrace (40.04). Held trend line (2/5/10-2/12/10). New high on daily 3LB (reversal is 39.41).



10YR YIELD
Bullish long day. Holding SMA(55). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Tested and held the 38.2% retrace (31.42). Back above the upper trend line. New high on daily 3LB (reversal is 29.09). Had a weekly 3LB reversal up.



WTI
Bearish short day. Failing all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). Failing its 76.4% retrace (95.46). No dally 3LB changes (reversal is 90.61).



SILVER
Bearish long day. Tested and failed SMA(144). Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.88).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (48.75). New high on daily 3LB (reversal is 46.64).



HYG/LQD
Hanging man day. No test of 0.0% retrace (0.7899). Tested and failed SMA(89). Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8296). New high on daily 3LB (reversal is 0.8146).



EEM
Bullish short day. Midpoint above EMA(10). Above all SMA's. Tested and held its 38.2% retrace (48.07). New high on daily 3LB (reversal is 46.66).




IT HAS BEGUN. THAT WHAT WAS IS NO MORE. RUN.

18 comments:

cv said...

@Amen

Grill fired... problem solved...

Took some Chicago style "ass kicking" to do it tho...

The 2 "Barry's" ought to be happy 4 that...

cv said...

BTW (to all)

... at the NON EXISTENT farm, Cv had had the same 56" Samsung TV (which is probably a 2004/5 model - it was "non-existently" here b4 CV even came into "non-existent" touch with the property)...

Anyway - ad hoc... the color just went out on it & I think it's time for a new one (tho the "I Love Lucy" aspect is "non-existently" nostalgic)...

Anybody out there UPGRADED recently on TV's lately and can recommend anything?

I'm not thinking I'm the fancy 3-D type... At the moment, more thinking towards the CHEAPEST (at least 56 inch "non-irridiated" model)...

ben22 said...

If a tree falls down in the woods and nobody is around to hear it....

does CV still exist?

alright, next up.....frou frou number 4

this may be considered binge drinking, lets hope however I feel tomorrow is transitory

AmenRa said...

If a tree falls down in the woods and nobody is around to hear it....

does CV still exist?


A: Yes because CV is the one who cut it down.

cv said...

@ben

"Transitory" Frou Frou's bitchez!

@Amen

"Does THE POPE s*** in the woods [that CV cuts the tree down that nobody hears the sound from]"?

That's the TRUE question... my friend...

Also... CV (in his ultimate multitasking) solved YET ANOTHER riddle...

Here's the "definitive" DSK/hotel maid scene...

http://www.youtube.com/watch?v=o2dtAi5Za-s

an AMEN RA/ANDY T blog exclusive!

AmenRa said...

CV

LMAO that scene had me cracking up (even though I was watching the movie just for Scarlett...)

Anonymous said...

CV, believe you just need to replace your DLP lamp. Should cost you about $100 to buy a new bulb for your set.

AmenRa said...

Weekly 3LB Update 7/1/11

Too many 3LB reversals up especially since many were below their 3LB mids the week before.

cv said...

oddly close to (or NOT as the case may be)...

http://news.yahoo.com/mathematicians-want-goodbye-pi-154001699.html

cv said...

@Anon

Thanks... Funny thing is, I just replaced that lamp less than a year ago (& the replacement itself is getting tough to find)...

Half lives are shrinking... Everythings a racket!

cv said...

"Snacking (not portion size or overeating) is driving America's weight problem"

http://health.yahoo.net/articles/obesity/snacking-not-portion-size-largely-driving-us-overeating

---

Oh... Thanks for that bit of GENIUS logic (stuff one usually only has to go to Ritholtz (or other ugly redheaded sister blogs to hear)...

In other news...

The US is "insolvent" NOT because of bloated defense, & wasteful cabinet expenitures (such as dO energy, education, & HS)...

Instead, it's because of all the little "snacks"...

problem solved!

Anonymous said...

@ben22, check your math, the correct retrace number is 1344.03

@cv, hickory chips? Home Depot all the way.

Andy T said...

This whole DSK thing and the "maid" is truly and utterly bizarre.

Wonder what DSK's wife think about all this? He was, at a minimum, tapping a Guinean chambermaid .... And then after this 'blew up,' we got to hear about all the other women he was getting on with.


It turns out she was probably a doing some 'hooking' on the side?

Geez.

http://www.nypost.com/p/news/local/manhattan/maid_cleaning_up_as_hooker_0mMd759PLuYGYYJyA0RNbI/0

ben22 said...

@Anon,

1:03

no need to check it, I'm not measuring from the absolute lows......so that's why you get a different number than me

I rarely apply fibo's from absolute top to bottom, ideas I stole from Constance Brown's fibo book.

ben22 said...

@Anon

also, fwiw, I'm not sure how valid that presentation is anymore, yes the upside target hit within less than a point but I didn't get the consolidation correct and instead it may have just been an initial target from the morningstar is where I measured

I still think it was a legit pattern based on some stuff I read in the Nison Candlestick book.

truth be told there's a bunch of stocks I'd like to be long right now.

gl.

AmenRa said...

ben22

Just finished the first three chapters of Constance Brown's book. This will keep me busy for a while.

Andrew Dick Clay said...

@Anon (1:03)

"Hickory Dickory Dock..."!

Anonymous said...

"Wonder what DSK's wife think about all this?"

She's loaded, and probably covering the 250k a month for his apartment and security detail.

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