A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane has no friends. Bull or bear all will perish.
SPXBullish long day. Gamed above 1078.87 (fib using low). Well above the SMA(21) but below the SMA(233). Midpoint above EMA(10). Still above the weekly 3LB mid. 1097.82 (mn fibo .10) has a force field. Tested and passed the trendline (2/5/10-5/6/10). No daily 3LB changes (reversal is 1096.48). QE2infinity.
DXYBearish long day. Fridays hammer is holding. Midpoint below EMA(10). Will it break the SMA(144)…NO 5x. The 85.11 (fibo .1459) has been violated (retest soon?). Still below the 61.8% retrace. No daily 3LB changes (reversal is 83.64).
VIXDoji day (or bullish harami star). Midpoint below EMA(10). Still below weekly 3LB mid and monthly 3LB mid. "Fear is here so don't get fooled on market pumps. Repeat ad nauseam." Back below the SMA(89). The SMA(144) is holding. No daily 3LB changes (reversal is 45.79).
GOLDBullish short day. Resolved doji higher. Below the SMA(21). Tested and passed the SMA(89). Midpoint below EMA(10). "To hell with fiat! Say it again! I'm gold and I'm proud!". No daily 3LB changes (reversal is 1206.70).
EURUSDBullish short day. Midpoint above the EMA(10). Back above the SMA(89). Tested and failed 1.2935 (fib .1459). Still above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal is 1.2730).
JNKBearish short day. Evening star not formed. Tested the 61.8% retrace (passed). Still above the SMA(89) and the SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 39.38).
GSBearish short day. Failed 3rd test of SMA(89). Back below 147.91 (fib .236). Tested 23.6% retrace (passed). Midpoint above the EMA(10). Closed above 144.98 (fib 2.058 from low). The 1.618 fibo (using low) of 124.12 is on vacation for now. No daily 3LB changes (reversal is 140.25).
10YR YIELDBullish short day. Possible bullish harami (hope not). Didn't test the 14.6% retrace (already failed). About to retest 0.0% retrace at 28.83 (yup yup). Midpoint below EMA(10). Still below the SMA(21). No daily 3LB changes (reversal is 31.14). Was BB sweating in front of Congress again?
AAPLBullish short day (possible bearish harami). Back above the SMA(21) and SMA(55). Did not test trendline using recent lows (already failed). Resistance was found at 265 (upper trendline). No daily 3LB changes (reversal is 235.86).
SLVBullish long day. Midpoint below EMA(10). Still below the SMA(21). Tested SMA(89) and failed. No daily 3LB changes (reversal is 19.12).
12 comments:
Whoops, just missed the new thread. Thanks for the daily updates -- they are fantastic. Somewhere today, I saw a chart with all kinds of cycles and turn dates marked on it. I had a computer problem, lost the chart, and can't remember where I found it. Any ideas?
Someone at Slope found it for me -- thanks anyway! Here is a link: http://www.screencast.com/users/chartwiz/folders/Jing/media/4e829273-88a9-49e4-9c0e-51d2e96600a9
Jennifer
Did they test the theory using the lows from 10/02 of 769 where the cycles would be 76.9 (or 77)?
@amen -- sorry, that's all I know. I was just happy to find the darn thing again! I'll try to track down the author, a gent by the "name" of Joe8888, but given that Disqus hasn't been working well I'm not too optimistic. If I get answers, I'll share them.
Jennifer
Ok. I did look at the chart and see how he's doing it. But he needs to explain that first gap in the count.
if we bounce higher the next few days may as well prepare to have the h&s discussion again
Ben
Checked out a few sites. The cardinal should start around 7/30 and be in position 8/6.
AR, you are very dark this evening : ) "Bull or bear all will perish." Perhaps you need to get leid.. i have hawaiian connections, you know.
does AmenRa have a bad case of lack-o-nookie?
Karen
HAHAHA it's in reference to how the market has left no position safe.
AR, just me being coy! haha.. : )
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