AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection

Creditcane: That was fun. Wait until you see my next move.

SPX
High wave day. Still holding above 1110. Still above the SMA(89) but below the SMA(144). Midpoint above EMA(10). Below the trendline (3/6/09-5/25/10). No daily 3LB changes (reversal is 1115.01). QE2infinity.



DXY
Spinning top day (with long "hair"). Confirmed bullish piercing. Midpoint below EMA(10). The 85.11 (fibo .1459) has been violated and tested 80.95 (fib .09) and failed. No daily 3LB changes (reversal is 81.54).



VIX
Bearish short day. Did confirm bullish harami. Midpoint above EMA(10). Still holding below weekly 3LB mid and monthly 3LB mid. Still below the SMA(89) and below the SMA(144). No daily 3LB changes (reversal still 24.25).



GOLD
Spinning top day. Confirmed bearish thrusting. Above the SMA(21) and the SMA(89). Midpoint above EMA(10). Still above 14.6% retrace. New high on daily 3LB (reversal is 1197.90). Tested but failed (again 2x) the weekly 3LB reversal price.



EURUSD
Hanging man day. Failed to confirm bearish thrusting. Midpoint above the EMA(10). Held the SMA(144). Holding above 1.2935 (fib .1459) and the 38.2% retrace. Still above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal is 1.3076).



JNK
Doji day. Did not test the 76.4% retrace. Still above all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 37.72).



GS
Doji day. Tested and held the SMA(144). Midpoint above the EMA(10). The 38.2% retrace (153.99) didn't hold. No daily 3LB changes (reversal is 152.58).



10YR YIELD
Bearish short day. The 14.6% retrace is relegated to history. Did not hold 0.0% retrace at 28.17 (new). Midpoint below EMA(10). Still below the SMA(21). New low on daily 3LB (reversal is 28.92). Ring. Ring. BB what are you going to do now?



DJ TRANS AVG
Bearish long day. Confirmed hanging man late after removing slack. Still trading above all SMA's. Midpoint above EMA(10). Daily 3LB reversal down (reversal now 4516.35).



LUMBER
Bearish short day. Back below the SMA(21). Still below the weekly 3LB mid. Midpoint below EMA(10). No daily 3LB changes (reversal is 194.60).