A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Up and down. Up and down. No stop is safe when I go up and down.
SPXBullish harami day. Midpoint below EMA(10). Failing SMA(55). Holding above trend line (3/6/09-7/1/10). Held the 38.2% minor retrace (1312.78). No daily 3LB changes (reversal is 1307.41). QE2infinity.
DXYDoji day. Midpoint below EMA(10). Tested and held the 61.8% minor retrace (74.94). Tested and held SMA(21). Holding its weekly 3LB mid. No daily 3LB changes (reversal is 74.79).
VIXBearish short day. Midpoint above EMA(10). Still above all SMA's. Back below its 38.2% retrace (20.28). No daily 3LB changes (reversal is 21.32). Extradited back to the "no fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Tested and held its 0.0% retrace (1588.90). Above all SMA's. New high on daily 3LB (reversal is 1562.30). Holding above upper trend line. Must have the precious.
EURCHFBearish short day. Midpoint below EMA(10). Tested and failed its 0.0% retrace (1.1491). Failing all SMA's. New low on daily 3LB (reversal is 1.1589).
JNKBearish short day (confirmed hanging man). Midpoint above EMA(10). Failed SMA(233). Failing its 61.8% retrace (40.20). Below trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 40.39).
10YR YIELDBearish long day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (29.56). Further below the upper trend line. No daily 3LB changes (reversal is 31.97).
WTIBullish short day. Held SMA(233). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (96.60). No dally 3LB changes (reversal is 91.02).
SILVERBullish short day (evening star fail). Now above all SMA's. Midpoint above EMA(10). Back above the upper trend line. Tested and held its 50.0% retrace (37.94). New high on daily 3LB (reversal is 34.65).
BKXBearish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 50.0% minor retrace (46.69) and held its 61.8% minor retrace (46.19). New low on daily 3LB (reversal is 49.22).
HYG/LQDBearish short day (possible bearish thrusting). Holding SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.8201). No daily 3LB changes (reversal is 0.8332).
IT HAS BEGUN. BE WARNED.
11 comments:
Thanks Ra...
I tried my best to keep it going in the interim...
& just to show y'all that the show never ends...
LENE & AQUA most recently (kinda)... In the rain... no less...
http://www.youtube.com/watch?v=_jkA__rijLs&feature=related
Weekly 3LB Update 7/15/11
Fantastic article here (mostly what we know already - but well articulated nonetheless)... Enjoy your weekends...
http://www.zerohedge.com/article/guest-post-bernanke-employs-modified-pump-and-dump#comments
(Andy - I implore you to try and resist the temptation to jump on stage and dance with the girls - you wouldn't wan't to cost them a shot at the title!)... :-)
Gold to break $1600 before the market open. Any takers?
1599.80... missed it by that much! (first go-around)
UP or DOWN?
oops, I lied... 1599.90
I hate seeing that bear pic!
It's an unfair fight. True price discovery has been suppressed!
What the Japanese coach probably said to his team before the "upset":
"Great moments... are born from great opportunity. And that's what you have here, tonight, ladies. That's what you've earned here tonight. One game. If we played 'em ten times, they might win nine. But not this game. Not tonight. Tonight, we run with them. Tonight, we play with them. And we shut them down because we can! Tonight, WE are the greatest soccer team in the world. You were born to be soccer players. Every one of you. And you were meant to be here tonight. This is your time. Their time is done. It's over. I'm sick and tired of hearing about what a great soccer team the Americans have. Screw 'em. This is your time. Now go out there and take it."
[Borrowed heavily from the movie "Miracle"]
Cannot believe that:
a) I was in a car driving in the middle of nowhere while the WC game was on.
b) I forgot to record this game on my DVR
c) The USA gave up two equalizer goals with time running out.
d) The USA missed their first THREE kicks after hitting all friggin' FIVE against Brazil.
WTF.
Oh Well... "Any Given Sunday..."
Also, when I left the hotel in South Padre, Phil Mickelson was -6 and playing 'lights out' ...one back of Darren Clarke.
WTF Phil?
Andy T (9:58)
That's EXACTLY what the Japanese coach said... Only you left out the ending part where he said
"Oh and besides, they're just a bunch of overrated chokers if you REALLY put any pressure on & manage to not choke yourself..."
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