AmenRa's Corner

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

Creditcane™: I wasn't there. Were you? Was anyone there?

Bullish short day. Stop negating reversal patterns dammit :-) Midpoint above EMA(10). Above all SMA's. Held 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1165.32). QE2infinity (aka the beginning of the end).

Spinning top day (confirmed bullish harami). Midpoint above EMA(10). Tested its 76.4% retrace at 76.29 and failed. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).

Bearish short day. Failed morning star. Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. New low on daily 3LB (reversal is 20.71). Still in the "no fear" zone.

Hammer day (reversal coming?). Now below SMA(21). Midpoint below EMA(10). No test of new 0% retrace. No daily 3LB (reversal is 1377.60).

Doji day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.4049).

Bullish short day. Hanging man freed. Above all SMA's. Midpoint above EMA(10). Held the 100% retrace (new one next week). New high on daily 3LB (reversal is 40.23).

Spinning top day. May have confirmed a rising three method a day late. The 0.0% fibo retrace at 23.59 is the line in the sand. Back above the weekly 3LB mid (25.35) and SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 23.81).

Bullish short day (confirming bearish thrusting). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4630.74).

Bullish short day. Failed to confirm dark cloud cover. But it didn't close above yesterdays midpoint so it's still weak. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. No daily 3LB changes (reversal is 299.93).

Bullish long day. Tested and passed the SMA(233). Midpoint below EMA(10). Held the 50% retrace at 81.07. No daily 3LB changes (reversal is 84.00). Rising wedge apex just ahead.


By Appointment to Her Majesty The QE2 Bond Report 10.22.10

Submitted by LEFTBACK, L.B.E.*
(* Lothario of the British Empire)

The recent steepener was reversed today as B/Ds looked forward to the Tuesday POMO in the long end and front-running the Fed was once again the name of the game. Risk in credit was also strong today as HY > IG quite comfortably.

Corpies: LQD 0.13%; AGG 0.05%; JNK 0.37%; HYG 0.46%;
Govies: TLT 0.68%; IEI -0.06%; TIP 0.03%
Hedgies: TBT -1.01%

We did nothing, still waiting to get short to hedge rate risk to our HY.



I-Man said...

OK... I know its friday night and all... but seriously, wtf is this all about???

Andy T said...

Random stuff....

I collected comic books for several years as a younger kid. I actually have the The Thing #1 of the whole series. Unfortunately, Thing was never a very popular character, so it's not worth much money.

Fortunately, I have a large portion of the X-Men series from the glory days. I was a big, big, big X-Men fan in the 1980s....
Was out of it most of the absolutely wrecked on Tokyo Car Bombs last night (Asahi Dark with unfiltered sake shot dropped in) at a hip Sushi place downtown...was far too hip for a 'suburb' guy like me.

Market looked uninteresting anyway....just as well that I was hungover/drunk most of the morning.
College Football:

We like Iowa to cover against Wisconsin. We didn't understand that line (Iowa favored by 6) after the Badgers who wrecked OSU last weekend; therefore, it's the "smelliest" line tomorrow and so we love it.
It's nice to see that BR has completely let any pretense of being a "centrist" finally go by the wayside. His comments at TBP in re: corporate contributions vs. public/private union contributions were "illuminating."
And finally....

Nothing escapes the confines of the YouTube culture any more...

The Self Sanchez

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