AmenRa's Corner 2.24.12



Creditcane™: Can you say CAC? C-A-C. Now go and say that to one of the Greek creditors.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 0.0% retrace (1359.44). New high on daily 3LB (reversal is 1361.23). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (78.43). Failing SMA(21,55,89). Daily 3LB reversal down (reversal is 79.67).



VIX
Bullish thrusting day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 21.14).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1717.70). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Holding above SMA(89). Holding above its 61.8% minor retrace (1.3222). New high on daily 3LB (reversal is 1.3063).



JNK
Spinning top day. Midpoint above EMA(10). Holding above all SMA's. Tested and held its 50.0% minor retrace (39.86). New high on daily 3LB (reversal is 39.43).



10YR YIELD
Bearish short day. Failing SMA(89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (109.54). New high on dally 3LB (reversal is 106.25). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day (bearish harami?). Tested and failed SMA(233). Midpoint above EMA(10). Tested and held its 62.8% retrace (35.32). No daily 3LB changes (reversal is 33.21).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.62).



HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



EEM
Bullish short day. Midpoint above EMA(10). Holding above all SMA's. Holding above its 61.8% retrace (43.48). New high on daily 3LB (reversal is 42.92).



RUSSELL 2K
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Failing its 0.0% retrace (832.23). No daily 3LB changes (reversal is 798.19).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

26 comments:

cv said...

@Hof

(from other thread)

"Grey Goode Guido" (that's some funny s*** right there)...

Hey ben... Forget about 'grandma'... You should call your fantasy baseball team the "Grey Goose Guidos"...

I swear, usually ESPN, every year, has a contest on the best fantasy names (& like, the top 5 get mentioned on TV)...

That one would be an instant winner... (Especially because the "ad guys" know they could probably get Smirnoff or somebody to sponsor the segment...

cv said...

"Goose"

Hell ~ if it was FOX, they could get Tony Siragusa to report it...

cv said...

Farage on Merkel...

http://www.youtube.com/watch?v=8ugNOj8JsXY&feature=related

BinT said...

Traders and Troll,

Bought 3000 USO Tuesday..will see how it goes.

Andy T said...

Rodeo Days kicking off in Houston-ville.

I'll be running with 10,000 of my closest friends today at the Conoco Rodeo Run (10K). Always "fun"....

Andy T said...

I just love how the sp500 has been grinding up here near the previous highs....super awesome.

Wish it would just 'get it over with.'

cv said...

@Andy T

Andy ~ e-mail me your address...

I have to send you the $25 you won in the Booey League (FF)...

QQQQ said...

""Traders and Troll,
Bought 3000 USO Tuesday..will see how it goes.""


Soooo, you're the one who drove the price up, ...you might want to get one of these because he's gonna help ya with that trade.

b22 said...

@AAIP,

I can't say I've ever tried either of those vodkas but I'll def. check them out, as for absolute, I hate that stuff. there is a cheaper brand called three olives that isn't so terrible, especially if you want some flavors to make some frou frou drinks

as for "that dude" that I mentioned, here's another story, same guy:

was at some frat party when we were freshmen in college, they had a huge fish tank full of goldfish to do goldfish shots with, it was a "beach party" so the floor was covered with sand

I tried one, I guess it was something to do, still my first and only goldfish shot....at about 2 in the morning I find my buddy by the tank covered with sand.....eating the goldfish, no shots, just eating them one after another and laughing

I ask him what the hell he's doing and he tells me: "they taste good"

same exact party my other buddy is locked in a room and one of the "brothers" is telling me I need to take them both and leave or we're going to have a problem...the other guy was blowing a whistle very loudly and they didn't like it, he used to carry it around just in case he ever bumped into axl rose, in which case he was going to blow it for him to see if he could go on tour to play the whistle part for Paradise City.....obviously that never happened

the stories never end with this guy (first one)

cv said...

@Bruce (7:47)

The "oh so" ironic difference between "trader" & "troll" is this...

If this particular "troll" happened to be at the everyday local "client rich" social gatherings (replete with 'luscious lips' & 'ample bosom' seeking "-oids")...'

I know this (from 'close encounter' experiences)...

I'd be the life of the party...

What's even MORE weird is that the 'Madonna' stories (which you 'oh so detest'), would amplify it all to the nines...

~~~~

I've been around a bit, & the 'traditionalist' in me still believes that the best way to get cottage cheese out of the thighs is...

http://www.youtube.com/watch?v=GLrt5g9s3i8&feature=related

to work out...

Andy T said...

Cv...

You're bro already sent it. So, I'm already 25 dollars richer.

Andy T said...

I'm not a runner at all....big legs....big body...not conducive to running but I enjoy the peaceful rush. Managed to do the 10k in 58:30... Which is sort of average....but 12 minutes better than last year's disaster when I was carrying an extra 25lbs of fat on the frame. Though, that disaster day sent me back to gym for good....

Best way to get rid of the cottage cheese? Run 20 miles a week....that'll do it. Heh heh.

Anonymous said...

"...The system seems to abide.

DENSON: The second book is one that I saw advertised in the Hoover Press this time last year. It was going to be published in May of 2011. And I kept waiting for it and they never did send it. I kept calling and finally it came out just in November of this year. The title of it is Freedom Betrayed: Herbert Hoover's Secret History of the Second World War and Its Aftermath. And he called it, at various times, his magnum opus, or his war book.

And most of us, who defend the free market, Libertarians, have had to talk about Herbert Hoover in a different way, in that most of the time we are trying to set the record straight that the Depression was not caused by Hoover's failure of laissez faire policies. Because Hoover was part of the Progressive movement. And he served as secretary of commerce and then as president and he believed in some government regulation of the economy. We have not seen him as a champion of freedom at all.

But in this book, he emerges as part of the Old Right. And he becomes the most anti-war American of his day and very supportive of the America First movement. And he actually ran for president, tried to get the nomination, Republican nomination, in 1940, as an anti-war candidate. He could see all of Roosevelt's moves towards trying to get us into war. And he thought that if he could get the Republican nomination that he could prevent America from getting into World War II. And, of course, Wendell Willkie won.

And Hoover was suspicious that people had sabotaged his campaign and his speech. And he says that, "There's going to be books written to justify all my conclusions." And so there is a book now out called Desperate Deceptions: British Covert Operations in the United States, 1939 to 1944, by Thomas Mahl. And it talks about how they sabotaged the Hoover campaign to make sure that Wendell Willkie was the Republican nominee so that there would be no challenge to Roosevelt's foreign policies.

ROCKWELL: I also like how Mahl describes what they did with the pollsters, the big national polling companies, in cooperation with the Roosevelt administration – of course, with the British too – phony'd up the polls so that, even though there was no increase in American sentiment for intervention, Gallup and all the rest of the polls showed increasing war fever on the part of the American people. And it was all just a trick, all just a lie, just the propaganda, things like that. I always think – when I think about polls today, or at any other time, I always remember the Mahl book because they were happy to turn them into lying machines for the government, like the rest of them..."
http://lewrockwell.com/denson/denson14.1.html

Anonymous said...

McB,

those are funny Stories..can, never, have too many of them..~

AAIP

cv said...

@Andy

I'm not a runner at all... EITHER... ('cept for HS I ran sub :50 quarters (just, really, whenever I ran them... I never 'trained' running)...

But in '88 (SuperBowl Sunday ~ the year Washington played Denver)... I ran a 10k on a whim (because I was 'nervous' & had $4K bet on the 'Skins in Vegas)...

I came in in 42:00...

~~~~

Then ~ in '97... again, on a whim... I was in Los Angeles during the LA Marathon... (I was living in Italy at the time, but was visiting LA on business)...

I just upped & ran it...

Made it thru the first half marathon in 1:30 exactly & was thinking "this is a piece of cake"...

Shortly thereafter, I began puking my guts out & stumbled & staggered my eventual way home in just under 5 hours...

cv said...

I'm sure 'ben' is the real runner in this group...

cv said...

@ben

And Hoover was suspicious that people had sabotaged his campaign and his speech

~~~~

Jeez, given the timeframe, Hoover might have just consulted with King George VI on how to prepare for & deliver a speech...

http://www.youtube.com/watch?v=RhddWJs0z08

~~~~

This... of course, was the single scene that won Colin Firth the "BEST ACTOR" Oscar last year...

Oscars tomorrow, bitchez...

Here's your cheat sheet (Andy... I'm in competition with your wife again... last year I beat her 6-5)...

http://fantasy-sports-nation.blogspot.com/

CV said...

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked...

Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them...

The Mexican replied, "Only a little while."

The American then asked, "Why didn't you stay out longer and catch more fish?"

The Mexican said, "With this I have more than enough to support my family's needs."

The American then asked, "But what do you do with the rest of your time?"

The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing; and with the proceeds, buy a bigger boat: With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor; eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York where you will run your ever-expanding enterprise."

The Mexican fisherman asked, "But, how long will this all take?"

To which the American replied, "15 to 20 years."

"But what then?" asked the Mexican.

The American laughed and said that's the best part. "When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."

"Millions?...Then what?"

The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."

Anonymous said...

cv--

that a good Story..

but, you know, 'no one wants to Think about that..'
~~

also, yes, that 'Grey Goose Guido'-crack was a 'good one'..

I see peep, on the 'out 'n about' posing that '*Style', all too often..

it always amazes me..~Why does it 'work'? ~Who 'falls' for that? ~Isn't 'it' so, painfully, obvious?

...

~

AAIP

Forrest Gump said...

I once ran on a whim too, except I didn't just run 10k, I ran ACROSS America some THREE and AHALF times.

Then for no apparent reason (ANOTHER whim) I stopped.





Mutt...

Anonymous said...

http://www.youtube.com/capitalaccount#p/a/f/2/E-ShSGz89mA

anyone ever seen any of this, previously?

show, on RT, by Lauren Lyster

ibid.

CV said...

@AAIP

It (the 'story') is one that I remind myself about all the time...

Frankly ~ Life feels pretty good off the hamster wheel (& I think that's why I'm often misunderstood)...

As for the GG posers... I can't say much about that because I don't often find myself in bars where it occurs...

I don't really mean that in a condescending way either... It's just the truth... In the end, people are entitled to spend their money any way they please on their own personal tastes & preferences...

I sure know when I was in my 20's, & 30's I spent my share (so I'd be a hypocrite to tell someone else that they shouldn't do it now)...

All I was trying to do in the first place was to point out some simple 'facts' with regards to the process of distilling spirits (in case they didn't know & wanted to try it out)...

CV said...

@Mutt

SHIT HAPPENS...

Have a nice day! :-)

QQQQ said...

AAibid,
thx for the vid ...whipped out this chart to accompany it.
WTF happened last QTR?
It boggles the mind!

data....
http://www.ffiec.gov/nicpubweb/nicweb/top50form.aspx
http://www.federalreserve.gov/releases/lbr/

AmenRa said...

Weekly 3LB Update 2/24/12

:) said...

:)

Of Course that smiley face belongs on a tee shirt

:)

Mutt

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