AmenRa's Corner



Creditcane™: After yesterday this is the best you can do? Now I need to make another visit to the exchanges.


SPX
Spinning top day (possible evening star). Midpoint above EMA(10). Tested and failed SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1158.67). QE2infinity. Still above weekly 3LB mid but below monthly 3LB mid.



DXY
Spinning top day (possible morning star). Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (78.43). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Failing to confirm the monthly 3LB reversal up.



VIX
Doji day. Midpoint below EMA(10). Tested and failed SMA(144). Failing its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).



GOLD
Spinning top day (possible evening star but candle body didn't gap). Midpoint above EMA(10). Holding above its 38.2% retrace (1716.70). Tested and failed SMA(21). No daily 3LB changes (reversal is 1643.50). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still failing all SMA's. Holding above its 100.0% retrace (1.3350). No daily 3LB changes (reversal is 1.3511).



JNK
Bullish short day (still closed lower). Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (37.62). No daily 3LB changes (reversal is 36.43).



10YR YIELD
Spinning top day. Tested and failed SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (21.37). New high on daily 3LB (reversal is 19.39).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Failing its 61.8% retrace (101.74). No dally 3LB changes (reversal is 96.17). Not confirming the monthly 3LB reversal down.



SILVER
Doji day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).



BKX
Hanging man day (possible bearish harami also). Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).



HYG/LQD
Spinning top day. Holding above SMA(21,89). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7466).



USDJPY
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).



NFP (monthly info)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 36k
rev= 431k; mid= 224.5k

We're approaching the apex of the triangle. 135k is the high line and 85k is the low line. A break of either will probably say a lot about where we are headed.




IT HAS BEGUN. YOU HAVE BEEN WARNED.

12 comments:

BinT said...

http://www.usdebtclock.org/

Zerohedge mentioned this today, but Moody's will have to downgrade up, and possible more Stand and Poor's carnage, too. Our debt is, er, spiraling upward at this point...

Good old supercommittee.

Gutless wonders in all phases of our present government.

cv said...

@BinT

Gutless wonders in all phases of our present government.

---

Printing money enhances the fortunes of those above the law... At least as far as they have the capacity to see it...

I guess I don't blame them... If someone was walking around the street handing free money out, do you suppose you'd take it?

I've asked myself that question and I know what the answer is... That's why most people think I'm nuts...

As for our gutless wonders, that's for their electorate to figure out... They'll be in the voting booth as soon as they get done cashing their government union check and stiffing YOU for the tab on it...

AmenRa said...

Did this help the CB's decide on their move:

http://www.guardian.co.uk/business/2011/nov/29/euro-italy-insolvency-warning-finance-ministers?newsfeed=true
Euro crisis: Italy at risk of insolvency, European finance ministers warned

cv said...

I think THIS is what helped them decide...

http://4.bp.blogspot.com/-YbRx9WfnuKQ/TaQ3WSfk2xI/AAAAAAAAHqE/Q8mmCWqIgDo/s1600/EmptyVault.jpg

Andy T said...

Still not sure how you fix a solvency issue with more liquidity....

I guess in the long, long arc of time, you would eventually fix the problem....

In the short run, don't really think there is a solution per se, until debt is dramatically written down by those holding the shitty paper.

Andy T said...

@cv.

Nice pic.

cv said...

I guess in the long, long arc of time, you would eventually fix the problem...

---

In the long arc of time, rest assured, the problem eventually fixes itself...

Now, in the PROCESS of it fixing itself... Go about your business as usual (& don't mind this stuff we're doing with forklifts over here - it wouldn't interest you)...

cv said...

BTW...

I'm going with the EAGLES tonight & laying the points...

It's kind of an 'anti' bet for CV... as I usually:

- hate teams traveling on a short week
- hate teams going into Seattle to play
- hate the Eagles in general

---

My philosophy is...

"Two WRONGS don't make a right... But 3 RIGHTS make... A LEFT!"
~Rodney Dangerfield

AmenRa said...

CV

Dammitt you got me LMAO at that pic.

AmenRa said...

from H4.1
Central Bank Liquidity Swaps for week ending 11/30/11 - 2401. Last week 1.
(in millions of dollars)

AmenRa said...

Grilled Eagle w/ potatoes and mixed veggies.

AmenRa said...

CNBC showing Fast Money...from YESTERDAY!!!

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