A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Don't believe the hype. Lying can only get you so far. Until the Reaper appears (aka Foreclosure Felon's brother).
SPXHanging man day. Midpoint above EMA(10). Above all SMA's. Back below 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1165.15). QE2infinity (aka the beginning of the end).
DXYBearish long day. Midpoint below EMA(10). Tested its 85.4% retrace at 76.29 and passed. Well below 78.41 (.0557 from low). New low on daily 3LB (reversal is 77.32).
VIXBullish short day (failed to bullish thrusting which is good). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 21.21). Escaped the "no fear" zone.
GOLDBullish short day. Way above all SMA's. Midpoint above EMA(10). Closed above new 0% retrace (time for another 0%). New high on daily 3LB (reversal is 1354.40).
EURUSDBullish long day. Midpoint above EMA(10). Above its 61.8% retrace at 1.3899. Above all SMA's. New high on daily 3LB (reversal is 1.3840). Table throwing at the G20?
JNKBearish engulfing day. Above all SMA's. Midpoint above EMA(10). Closed back below the 100% retrace. No daily 3LB changes (reversal is 40.01).
10YR YIELDBullish long day (closed gap). The 0.0% fibo retrace at 23.59 has held. Still below the weekly 3LB mid (27.60) and all SMA's. Midpoint above EMA(10). Daily 3LB reversal up (reversal is 23.81).
DJ TRANS AVGHanging man day (and formed a bearish harami). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4583.57).
TLTBearish long day. Closed below SMA(89). Midpoint below EMA(10). Below its 23.6% retrace and upper trend line. New low on daily 3LB (reversal is 104.22). Falling/declining wedge to be broken to the downside?
GOOGBearish short day. Tested and failed the 50% retrace. Above all SMA's. No daily 3LB changes (reversal is 538.23). Closed above monthly 3LB mid last week.
6 comments:
Get them Euros while they're hot!
cv
just got done with a long talk with my client that oversees a large staffing company, by no stretch to they represent the country as a whole, but his words:
"ben, we have seen a very disturbing trend since September with temp hires and the perm. hires have remained weak all year, we honestly have no clue what the hell is going on but it's not good"
now I realize jobs don't really matter in our "new world" but this is the first time all year this client was down about what was going on, he's been very positive otherwise. thought it was worth a mention.
also, watch that wilmington trust.
ok- I give up- why is this guy on roller skates-
http://reason.com/assets/db/12870825361679.jpg
Where can I get fitted for a body bag? In the bay area. Any thots?
Went short the Aussie yesterday, newspapers here are full of articles that AUD/USD is going past parity to $1.10.
Best Bertie
new thread
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