AmenRa's Corner

Posted by AmenRa on Friday, November 12, 2010 /
A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



Creditcane™: POMO deeeeez…



SPX
Bearish long day (failed to close above the 11/9/10 midpoint). Midpoint below EMA(10). Above all SMA's. No daily 3LB changes (reversal is 1193.57). The monthly 3LB reversal has been placed on IR (may be back sooner than expected). QE2infinity.



DXY
Spinning top day. Midpoint above EMA(10). Above the 76.4% retrace at 77.60. Now at the weekly 3LB reversal (almost had it). No daily 3LB changes (reversal is 78.18).



VIX
Bullish long day (late confirmation of inverted hammer?). Midpoint above EMA(10). Back above SMA(21). Below weekly 3LB mid and monthly 3LB mid. Slammed the gap shut. No daily 3LB changes (reversal is 21.83). Forced out of the "no fear" zone.



GOLD
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Failed new 0% retrace. Daily 3LB reversal down (reversal is 1410.10).



EURUSD
Spinning top day. Midpoint below EMA(10). Failed its 61.8% retrace at 1.3899. Back below 1.3782 (.09 fib from high). Back below SMA(21). No daily 3LB changes (reversal is 1.4202). Had a weekly 3LB reversal down.



JNK
Bearish long day. Back below SMA(21). Midpoint below EMA(10). Tested and failed the Gann 4x1. New low on daily 3LB (reversal is 41.25).



10YR YIELD
Bullish long day. Confirmed bearish thrusting. The 0.0% fibo retrace at 23.59 is the line in the sand. Closed above SMA(89). Midpoint above EMA(10). Daily 3LB reversal up (reversal is 24.84). Also had a weekly 3LB reversal up.



DJ TRANS AVG
Bearish long day. Completely failed to get above 11/09/10 midpoint. Still above all SMA's. Midpoint below EMA(10). Daily 3LB reversal down (reversal is 4924.46).



CRB
Bearish LONG day (plus a gap down). Midpoint below EMA(10). Now below SMA(21). Still failing the Gann 1x1. Daily 3LB reversal down (reversal is 319.11).



XLF
Bearish long day. Candle addition had said it was bearish. Midpoint below EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 14.23).



1 comments:

AmenRa said...

Someone needs to place a toe tag on POMO "Do Not Resuscitate".

November 12, 2010 at 6:25 PM

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