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Creditcane™: Have I been relegated the the annals of history?
![](http://3.bp.blogspot.com/-rwxzc0TvR74/TqXXXx_89UI/AAAAAAAAO_0/7quqgqxqu_w/s200/SPX_102411.png)
Bullish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held the 61.8% retrace (1241.13). New high on daily 3LB (reversal is 1124.58). QE2infinity. Back above monthly 3LB mid.
![](http://1.bp.blogspot.com/-t-lZlLSbQeM/TqXXXqX3BrI/AAAAAAAAO_s/mrScgHSpuVM/s200/DXY_102411.png)
Bearish long day. Midpoint below EMA(10). Tested and failed the 50.0% retrace (76.55). Tested and failed SMA(55). New low on daily 3LB (reversal is 76.62). Not confirming the monthly 3LB reversal up.
![](http://1.bp.blogspot.com/-JKhvK0c-6uA/TqXXXmSDGWI/AAAAAAAAO_g/ZgZIWIIsSfY/s200/VIX_102411.png)
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% retrace (29.84). No daily 3LB changes (reversal is 25.25). Escaped and running free from the "fear" zone.
![](http://3.bp.blogspot.com/-a7vgoyDvJgI/TqXXEUOKl-I/AAAAAAAAO_U/AgWC_nSka9U/s200/GOLD_102411.png)
Spinning top day. Midpoint below EMA(10). Tested and held its 50.0% retrace (1651.50). Tested and held SMA(21). No daily 3LB changes (reversal is 1757.30). Must have the precious.
![](http://1.bp.blogspot.com/-avPOwStBGA8/TqXXDx-K9YI/AAAAAAAAO_M/_3gN7_P2lwQ/s200/EURUSD_102411.png)
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (1.3903). New high on daily 3LB (reversal is 1.3654).
![](http://3.bp.blogspot.com/-AbppvaZHPhs/TqXXD1Y4bbI/AAAAAAAAO-4/74MU87tpmQI/s200/JNK_102411.png)
Bullish long day (YGBFKM). Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% retrace (38.86). New high on daily 3LB (reversal is 37.74).
![](http://3.bp.blogspot.com/-Jrr52W7Jn-U/TqXXDpvlHLI/AAAAAAAAO-w/76iEtcQWyOk/s200/10YR_102411.png)
Bullish short day. Holding above SMA(55). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (22.11). New high on daily 3LB (reversal is 21.60).
![](http://4.bp.blogspot.com/-e_JoSjXLqbQ/TqXXDaynzUI/AAAAAAAAO-k/j-eUpZijsik/s200/WTI_102411.png)
Bullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (87.30). New high on dally 3LB (reversal is 86.05). Not confirming the monthly 3LB reversal down.
![](http://4.bp.blogspot.com/-Ydd_FVy2SvE/TqXVL4mlRqI/AAAAAAAAO-Y/LzLHw40AKpU/s200/SILVER_102411.png)
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
![](http://3.bp.blogspot.com/-GEvKdizvvlk/TqXVLRiW2aI/AAAAAAAAO-Q/J5NxMTBE9s8/s200/BKX_102411.png)
Bullish long day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (38.43). Daily 3LB reversal up (reversal is 36.51).
![](http://3.bp.blogspot.com/-MRjZqBq-7_g/TqXVLLor01I/AAAAAAAAO-A/wvKTkvh4eas/s200/HYGLQD_102411.png)
Bullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 50.0% retrace (0.7942). New high on daily 3LB (reversal is 0.7730).
![](http://1.bp.blogspot.com/-uyJjNd922UI/TqXVKyDugzI/AAAAAAAAO90/w1CI3FWrA5Q/s200/USDJPY_102411.png)
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% retrace (76.561). New low on daily 3LB (reversal is 77.45).
![](http://3.bp.blogspot.com/-xUWVaZN8-hg/TqXVKzmUk1I/AAAAAAAAO9o/qsYmc3I2mH4/s200/COPPER_102411.png)
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (3.393). Daily 3LB reversal up (reversal is 3.057).
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TG3WyNDKDcI/AAAAAAAAD7s/oGqN2NTLwHY/s320/infinity_symbol.jpg)
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
Damn that HR was upper deck.
http://www.reuters.com/article/2011/10/19/idUS200361147020111019
Is Bank of America preparing for a Chapter 11?
If the SPY had a mega pop, I would have expected this move in JNK. Outpacing SPY makes the JNK move a little confusing unless you consider what was priced into high yield.
There was more bearish sentiment priced into that sector of fixed income than any other risk asset class, I think. That makes for volatility.
NFLX got smoked in the after hours (-27%).
That breaking ball just got broken.
http://www.finviz.com/quote.ashx?t=NFLX
12-Oct-11 Reiterated Oppenheimer Outperform $270 → $185
11-Oct-11 Upgrade Hudson Square Research Sell → Hold
what happened to the "Reed Hastings is the second coming"--Stories/PR-Campaign/'Fleecing Op.' ?
ibid.
AAIP
NFLX took 18 months to hits its high and less then 3 months to give back over 61.8%.
AmenRa,
it's been a tremendous 're-pricing', for sure..
ibid.
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