A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Becoming harder and harder to deny my existence.
SPXDoji day (also bullish thrusting). Midpoint below EMA(10). Still below SMA(21). No daily 3LB changes (reversal is 1225.85). Still below weekly 3LB midpoint and tested the weekly 3LB reversal (again). The monthly 3LB reversal is also hanging around. QE2infinity.
DXYBearish thrusting day. Midpoint above EMA(10). Above the 23.6% retrace at 78.72. Closed above SMA(55). Above the weekly 3LB reversal. No daily 3LB changes (reversal is 76.48).
VIXBearish harami day (another failure coming?). Midpoint above EMA(10). Back below SMA(89). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 18.26). Running from the "no fear" zone to fear.
GOLDBearish short day. Still below SMA(21). Midpoint below EMA(10). Failed new 0% retrace. New low on daily 3LB (reversal is 1403.20). Quickly approaching weekly 3LB reversal.
EURUSDSpinning top day. Midpoint below EMA(10). Closed below its 50.0% retrace at 1.3514. Back below SMA(55). No daily 3LB changes (reversal is 1.4098).
JNKBullish harami day. Still below SMA(55). Midpoint below EMA(10). Completely failed the Gann 4x1. No daily 3LB changes (reversal is 40.80).
10YR YIELDSpinning top day (gap holding). The 0.0% fibo retrace at 23.59 is the line in the sand. Still above SMA(89). No test of SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 24.84).
DJ TRANS AVGBullish harami day. Still below SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 4924.46).
CRBDoji day (possible morning star). Midpoint below EMA(10). Way below SMA(21). Still failing the Gann 1x1. New low on daily 3LB (reversal is 315.25). Below the weekly 3LB reversal.
XLFBearish short day. Midpoint below EMA(10). Still below SMA(21)and now below SMA(55). No daily 3LB changes (reversal is 14.23).
11 comments:
Here's some good PR where I toot my own horn on a forecast made several years ago.
This is the S&P 500 graph from 2004:
This is the audio of my pre-arranged PR interview:
Please excuse my apparent confidence/arrogance. The fact is....I'm just THAT good.
Glenn... then you must be the 2nd most interesting man in the world!
I cannot believe I was left off of this list.
The action today was extremely weak (IMO). MACD is still moving down, %R not at 0, no gap down, and not moving away from the weekly 3LB reversal. Also closing below the SMA(21) has not been good to the SPX (see 5/4/10, 6/24/10, 8/11/10).
Getting some "hops" in the afterhours. 1191 looks like resistance on the S&P futures. To be honest, some sort of 'triangle' development from the highs would not surprise at all.
Maybe some nice congestion between 1227 and 1173 now?
This is the best thing that's happened to me in a few decades.
Lady Antebellum ripped me off
Andy T
Those "hops" are PDs trying to get everyone to believe the IPO is the best thing since daylight ran away the night demons.
This video is really, really wild:
Chinese Dystopia
50% of this Socialist micro-economy is based on steel exports. What could possibly go wrong?
@Glenn Neely,
Thanks for that link, good stuff there.
you da man!
Woke up in time to listen to the business news, and unsurprisingly, futures are way up. Suddenly had a horrible fear that the eod options I bought yesterday were puts instead of calls...I'm so used to clicking on the left column. Jumped out of bed to check, and thank goodness, they are calls. I don't usually make that kind of mistake, but, hey, with the chaos around here you just never know. Should be an interesting day...can't wait to see how that GM IPO opens. Off to make the lunches.
I just wanted to thank the members of this site for allowing me to make more money. It is how I roll! Keep up the good ideas.
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