AmenRa's Corner

Posted by AmenRa on Friday, November 19, 2010 /
A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



Creditcane™: Hmmm…maybe I need to finish my work overseas before dealing with the U.S.



SPX
Hanging man day (we know what happens with these). Midpoint above EMA(10). Now above SMA(21). No daily 3LB changes (reversal is 1225.85). Still below weekly 3LB midpoint but didn't test the weekly 3LB reversal. The monthly 3LB reversal is on IR. QE2infinity.



DXY
Spinning top day. Midpoint above EMA(10). Back below the 23.6% retrace at 78.72 and below SMA(55). Above the weekly 3LB reversal. No daily 3LB changes (reversal is 76.48).



VIX
Bearish long day again. Midpoint below EMA(10). Well below SMA(21). Below weekly 3LB mid and monthly 3LB mid. Daily 3LB reversal down (reversal is 22.67) - ruh roh shorts. Returned to the "no fear" zone.



GOLD
Doji day. Still below SMA(21). Midpoint below EMA(10). New 0% retrace has been holding. No daily 3LB (reversal is 1403.20). I think I've seen gold on the lost & found posters.



EURJPY
Spinning top day. Back above SMA(21) & SMA(144). Midpoint above EMA(10). Approaching its 38.2% retrace at 1.1447. No daily 3LB changes (reversal is 1.1170).



JNK
Hanging man day (double top?). Back above SMA(55). Midpoint above EMA(10). Still failing the Gann 4x1. No daily 3LB changes (reversal is 40.80).



10YR YIELD
Bearish short day (again). The 0.0% fibo retrace at 23.59 is holding. Still above SMA(89). Tested and failed SMA(144) again. Midpoint above EMA(10). No daily 3LB changes (reversal is 24.84). New weekly high confirmed weekly 3LB reversal.



DJ TRANS AVG
Bullish short day. Back above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 4924.46).




CRB
Bearish short day (weakness about to continue?). Midpoint below EMA(10). Still below SMA(21). Still failing the Gann 1x1. No daily 3LB changes (reversal is 315.25). Back above the weekly 3LB reversal.



XLF
Bullish short day. Midpoint below EMA(10). Closed below the SMA(21) and held SMA(55). No daily 3LB changes (reversal is 14.23).



WTI
Spinning top day. Tested and failed the SMA(233). Midpoint below EMA(10). Failed the 50% retrace at 81.85. No daily 3LB changes (reversal is 84.88).



1 comments:

karen said...

good evening! and thank you, AR! since it is all one trade, i guess the aussie and cando candles don't really matter.

missed CV today... look, if i can get along with LB, everyone should be able to get along with everyone! LOL.. with certain persons excepted but mentioned by AT..

November 19, 2010 at 10:55 PM

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This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.