AmenRa's Corner

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

Creditcane™: Wee, wee, weeeee!

SPX
Bearish long day. Midpoint below EMA(10). Below the trendline (3/6/09-7/1//10). New low on daily 3LB (reversal is 1075.63). QE2infinity.



DXY
Bearish short day. Held the SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 82.64).




VIX
High wave day. Midpoint above EMA(10). Still holding below weekly 3LB mid but above monthly 3LB mid. Now above the SMA(89) and the SMA(144). New high on daily 3LB (reversal is 25.73).



GOLD
Bullish short day. Too much "hair" for hanging man. Still above all SMA's. Midpoint above EMA(10). Still holding onto gains. No daily 3LB changes (reversal is 1225.00).



EURUSD
Spinning top day. Midpoint below EMA(10). Tested the 23.6% retrace (passed). Still failing the 4x1 Gann. It's above the trendline (11/27/09-3/17/10). New low on daily 3LB (reversal is 1.2752).



JNK
Bearish short day. Did not hold the 61.8% retrace. Still failing to close gap. Still above the SMA(89) and the SMA(144). Midpoint now below EMA(10). No daily 3LB changes (reversal is 37.72).



10YR YIELD
Spinning top day. First gap is the main resistance. New gap is additional resistance. There is a new 0.0% fibo retrace at 24.79 since the previous one at 25.72 didn't hold. Midpoint below EMA(10). Below all SMA's. New low on daily 3LB (reversal is 27.81).



AUDJPY
Bearish long day. Way below the SMA(55). Midpoint below EMA(10). Failed the 23.6% retrace at 75.5696 but held the 14.6% retrace at 74.1352. No daily 3LB changes (reversal is 79.1783).



SLV
Bullish long day. Midpoint below EMA(10). Above all SMA's. Closed at the 76.4% retrace. No daily 3LB changes (reversal is 19.12).



DJ TRANS AVG
Bearish long day. Failed the trendline and the SMA(233). Below the SMA(55) and SMA(144). Midpoint below EMA(10). New low on daily 3LB (reversal is 4236.96). Also below weekly 3LB reversal price.