A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
"Thanks to the bulls our dance ticket never runs out."
Creditcane™: Bulls down for the count. Can't even use the ropes.
SPXBearish short day. Midpoint below EMA(10). Failed SMA(55). Holding above trend line (3/6/09-7/1/10). Holding above the 38.2% minor retrace (1312.78). No daily 3LB changes (reversal is 1307.41). QE2infinity. Also below daily and weekly 3LB mids.
DXYSpinning top day (possible evening star but it didn't gap higher). Midpoint above EMA(10). Tested and held the 38.2% retrace (75.83). Tested and failed SMA(144). Held its weekly 3LB mid. New high on daily 3LB (reversal is 75.60).
VIXHanging man day (with a long tail/rope). Midpoint above EMA(10). Still above all SMA's. Above its 61.8% minor retrace (18.56). No daily 3LB changes (reversal is 21.32). Still can't escape the "no fear" zone.
GOLDBullish long day. Midpoint above EMA(10). Tested and failed its 0.0% retrace (1570.70). Above all SMA's. Daily 3LB reversal up (reversal is 1480.90). Holding above upper trend line. Must have the precious.
EURCHFBearish long day. Midpoint below EMA(10). Tested and failed its 0.0% retrace (1.1643). Failing all SMA's. New low on daily 3LB (reversal is 1.1983).
JNKSpinning top day (possible morning star forming). Midpoint below EMA(10). Failing SMA(233). Tested and failed its 50.0% retrace (40.00). Below trend line (2/5/10-2/12/10). Daily 3LB reversal down (reversal is 40.39).
10YR YIELDSpinning top day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (29.56). Further below the upper trend line. Daily 3LB reversal down (reversal is 31.97).
WTIBullish engulfing day (not really in a downtrend though). Held SMA(21). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (96.60). No dally 3LB changes (reversal is 91.02).
SILVERBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Still below the upper trend line. Holding its 61.8% retrace (35.20). No daily 3LB changes (reversal is 37.88).
BKXInverted hammer day (possible morning star forming). Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% minor retrace (47.20). No daily 3LB changes (reversal is 46.64).
HYG/LQDBearish short day (possible morning star forming). Failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% retrace (0.8112). New low on daily 3LB (reversal is 0.8332).
EEMInverted hammer day (possible morning star forming). Midpoint below EMA(10). Below all SMA's. Tested and failed its 61.8% retrace (46.63). New low on daily 3LB (reversal is 48.48).
IT HAS BEGUN. BE WARNED.
14 comments:
I saw ahab made a post at TBP earlier today, it even appears he got moderated on his return, lol.
not trying to sound strange or anything but I miss that guy
maybe this will draw him out
@AR,
thanks for your wrap up as always
whats the 3lb saying about that pos SODA
got rocked pretty good today, 60 should serve as natural chart support, if it doesn't
well....maybe the whole rally is toast, but I'm very skeptical of that at this point
@Amen
Thanks 4 the wrap...
Anecdotally - it looks like the 233 SMA (SPX) is creeping up towards that 1260 level, whilst the 55 SMA has rolled downwards...
I don't think we've had our annual "dark cross" visit (for 2011) yet...
Happened in June/July last year (of course 'negated' [& frontrun - of course] before/during/after Jackson Hole)...
QE3 bitchez!... Coming soon to a "dark cross" near you...
I'll second that emotion on Ahab...dude brings a nice edge to the table.
Ahab jibes....
"also, please, more stories in WAPO about the secrets of the wealthy, awesome stuff! Been several weeks but no follow up?
I can read stuff like that over and over again. Have you considered a story on secret water craft tips from yacht owners? That has to be a winner (you can thank me later for the tip)!"
LOL
I laughed hard when I read that comment from him, its vintage ahab, awesome stuff, he's the one that can really lay it on BR without coming across like a total douche
on another note, find it sort of interesting from the socionomics perspective that there are a lot of sports fans here generally, and a lot of different sports
though, I don't recall one single mention of the HR derby last night or tonight's All Star game
I mean, after all, the baseball AS game at least has some meaning
no interest at all? Greece have your attention, spain, italy? apparently the news is just out they are all in big trouble....
I was going to say something about the AS game...
But I said ***k it... I didn't think anyone around here cared...
yesterday - another dude almost fell out of the stands trying to catch a ball at the HR derby...
besides I've been too busy watching the servants clean my yacht & organizing my jazz cd collection...
"yesterday - another dude almost fell out of the stands trying to catch a ball at the HR derby..."
he wasn't trying to jump into the pool? I noticed it seemed to be all ladies in there.
the idea of sitting in a pool through an entire baseball game doesn't sound very fun to me at all
as always... depends on the [babes in the pool] I suppose...
Robinson Cano~!
what I, really, can't believe is that it was, only, last year that He started getting any major 'pub'/'props' ..
AAIP
"the idea of sitting in a pool through an entire baseball game doesn't sound very fun to me at all"
Sounds more fun that have two fat people sweat on you from both sides, all game, in the stands (which has become my experience as America has become fatter.
PS: Do we get a massive equity rally when they announce the next QE/"stimulus?" Yes. Yes, we do. So, the biggest question/unknown in markets (and the one with the most attention) is, when do we pile into energy longs?
back to back National League Wins for the first time since the mid 90's, the new Lorena Bobbit is out
wow.....this must mean dow 30,000.
Matthew
I think the next QE announcement will be met with a massive selloff. TBTF will try to save the market but USTs and the dollar will get sold hard.
>Fool me once, shame on you. Fool me twice, shame on me. Try to fool me a third time and you better call 911.
Bernanke now wants a blackout period around FOMC meetings, no discussion of what they talked about except for what's in the minutes and no talking about other FOMC members.
Post a Comment