A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Must be the tryptophan keeping me in check.
SPX
Bullish long day. Midpoint below EMA(10). Still below SMA(21). No daily 3LB changes (reversal is 1225.85). Still below weekly 3LB midpoint. QE2infinity.
DXY
Spinning top day. Midpoint above EMA(10). Above the 23.6% retrace at 78.72. Tested but failed SMA(89). New high on daily 3LB (reversal is 78.52).
VIX
Hammer day (odd that it also confirmed shooting star). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 22.58). Keeps returning to the "no fear" zone.
GOLD
Spinning top day. Still above SMA(21). Midpoint above EMA(10). New 0% retrace has been holding. No daily 3LB (reversal is 1403.20).
EURUSD
Bearish short day. Midpoint below EMA(10). Closed below its 50.0% retrace at 1.3514. Back below SMA(89). New low on daily 3LB (reversal is 1.3509).
JNK
Homing pigeon day. Still below SMA(55) but back above SMA(89). Midpoint below EMA(10). Still failing the Gann 4x1. No daily 3LB changes (reversal is 40.30).
10YR YIELD
Bullish long day. Gap was shut so onwards and upwards. The 0.0% fibo retrace at 23.59 has held. Now above SMA(144). Heading for its 38.2% retrace (29.91). Midpoint above EMA(10). New high on daily 3LB (reversal is 26.36).
CRB
Bullish long day. Midpoint below EMA(10). Still below SMA(21). Held the Gann 2x1. No daily 3LB changes (reversal is 315.25).
XLF
Bullish long day. Midpoint below EMA(10). Closed above the SMA(89)& SMA(144). No daily 3LB changes (reversal is 14.23).
AAPL
Bullish short day. Above all SMA's. Midpoint above EMA(10). Held lower trend line. New high on daily 3LB (reversal is 301.59).
HYG
Bullish harami day. Midpoint below EMA(10). Closed back above 61.8% retrace. No daily 3LB changes (reversal is 89.82).
The day the dollar died...
8 comments:
Embedded the video instead of posting the link. saw it over at zerohedge. It's the funniest video I've seen in a minute.
@AmenRa
That video is hyper-inflationistas wet dream.
Will probably happen some day...
There is no such thing as a successful fiat currency and there is no "superpower" that has ever survived as a "superpower." That's just the way of things...
The key is the 'timeline.'
Ra-
not sure if it's funny- frightening maybe
This is where the idea for the video came from: http://johngaltfla.com/blog3/2009/11/18/the-day-the-dollar-died/
Bruce in TN from earlier...
Man, I like that canned Cranberry stuff too. My family always served it growing up....
I know it's "tacky" and considered a little "gauche," but I love it.
I'm also a fan of the "Green Bean Casserole" as well...
So, there you have it....
You can take the kid out of his lower middle class upbringing...but you can't take the lower middle class upbring out of the kid.
Ha!
new thread up
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