A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: It's the weekend. I need to recoup.
SPXBearish thrusting day. Midpoint above EMA(10). Tested and failed SMA(21). Well above the 38.2% minor retrace (1122.84). No daily 3LB changes (reversal is 1200.07). QE2infinity. Still above the daily 3LB mid but still below the weekly 3LB mid.
DXYBullish short day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (78.71). Still above all SMA's. No daily 3LB changes (reversal is 78.50). Confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (38.05). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.
GOLDSpinning top day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1651.50). Tested and failed SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDSpinning top day. Midpoint below EMA(10). Still below all SMA's. Tested and held its 100.0% minor retrace (1.3350). No daily 3LB changes (reversal is 1.3464).
JNKBearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (36.38). No daily 3LB changes (reversal is 36.71).
10YR YIELDBullish short day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). New high on daily 3LB (reversal is 17.15).
WTISpinning top day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (78.53). New high on dally 3LB (reversal is 77.61). Not confirming the monthly 3LB reversal down.
SILVERDark cloud cover day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXDark cloud cover day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (36.60). No daily 3LB changes (reversal is 33.65).
HYG/LQDHanging man day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (0.750). Daily 3LB reversal up (reversal is 0.7241).
USDJPYBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
TLTSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (117.23). No daily 3LB changes (reversal is 114.86).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
AAIP
CLWR got smashed today.
Ra,
do you consider the Tuesday - Thursday candles three white soldiers or not because the real bodies don't really overlap
or, do you just read Tuesday's candle in isolation?
curious....
thanks for the wrap as always
http://www.finviz.com/quote.ashx?t=S
AR,
S, too..~
&, as always, nice wrappage!
AAIP
I've been missing a lot of comments on this blog since I came out of my mini retirement. I almost missed the comment about Andy's birthday.
Happy birthday and congratulations on making it to 40.
Please get fat on some cajun food. There will be plenty of time for your wife to regret it the rest of the night :D
Just got in.
ben22
I consider them three long days. As you stated there was no overlap.
Weekly 3LB Update 10/7/11
Happy Birthday, Andy. Have a great 40th.
I really only stop by to check the updates and Ra's charts. I rarely go in to the comment section anymore. I looked in Friday morning just to see what was going on and I quickly left.
It is a shame.
Ra,
thanks, I was thinking the same thing.
a belated happy birthday, andy. you're now into what likely will be the best two decades of your life. enjoy it all.
a belated happy birthday, andy. you're now into what likely will be the best two decades of your life. enjoy it all.
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