A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Still looking for a cure to this bullish hangover.
SPXBullish long day. Midpoint above EMA(10). Still above all SMA's. New high on daily 3LB (reversal is 1254.60). QE2infinity.
DXYBullish harami day. Midpoint below EMA(10). Almost tested the 23.6% retrace (78.72). Still below SMA(89). No daily 3LB changes (reversal is 80.83).
VIXHanging man day. Midpoint above EMA(10). Back above SMA(21). No daily 3LB changes (reversal is 15.45). Concludes that there might be no escaping the "no fear" zone. Still avoiding a monthly 3LB reversal.
GOLDBearish harami day. Still above SMA(21). Midpoint above EMA(10). 0.0% retrace holding. Still above 14.6% retrace (1392.69). No daily 3LB changes (reversal is 1340.30). Must have the precious.
EURUSDDoji day. Midpoint above EMA(10). Still above its 38.2% retrace at 1.3121. Still above SMA(21) and SMA(144). No daily 3LB changes (reversal is 1.3001).
JNKDoji day. Midpoint below EMA(10). Failing the Gann 4x1. Below all SMA's except 144 & 233. No daily 3LB changes (reversal is 40.47). Trying to close that huge gap.
10YR YIELDSpinning top day. The 0.0% fibo retrace at 35.66 has held. Above all SMA's. Back below its 14.6% retrace (33.86). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36).
CRBBearish short day (and possible start of evening star). Midpoint above EMA(10). Above all SMA's. Made a new 0.0% retrace. New high on daily 3LB (reversal is 329.38). Still above trendline of current move.
DJ TRANS AVGBullish long day. Above all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 5037.07). Tired of moving sideways?
XLFBullish long day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace. New high on daily 3LB (reversal is 15.98).
11 comments:
for those looking for Locusts, to go with Oz' Flooding...
Thousands of Blackbirds Fell from the Sky Over Arkansas on New Year’s Eve
January 3rd, 2011
Related?: Dead Fish Cover 20-Miles of Arkansas River
Via: Today’s THV:
Arkansas Game & Fish is trying to figure out why 100,000 fish in Northwest Arkansas turned up dead. They were found along a 20-mile stretch between the Ozark Dam and Highway 109 Bridge in Franklin County.
The 20-mile stretch along the Arkansas River where an estimated 100,000 drum fish were found washed ashore and floating looks much different now.
Keith Stephens with Game and Fish explains, “We got a call last week from a tug boat operator that found the fish out on the river along the bank, in the river channel and we immediately dispatched somebody to the area to take a look.”
Investigators from local and state agencies took samples from the affected area. Stephens says fish kills occur every year, but the magnitude of this one is unusual, and disease could be the cause.
—End Update—
1000? 2000? 5000?
The count is all over the place on this one.
Via: National Post:
With their vague allusions to Biblical plagues and a classic Hitchcock movie, flocks of dead birds falling from the sky make for an especially gripping whodunnit...
http://cryptogon.com/?p=19632
AAIP
It's probably related to the oil spill.
Vix was interesting today for such a strong point rise
I read/heard a lot of really silly shit the last few days, no need to rehash it all, but I think this, from Neely, would be well worth the consideration right now:
No matter who you are, no matter what approach, technology or system you use, you can only trade in one of three ways...
1. Trend Following (buy on strength, sell on weakness)
2. Top/Bottom Picking (sell into new highs, buy into new lows)
3. Bargain Hunting (buy on pull backs of an uptrend, sell on rallies during a downtrend)
Most people, consciously or subconsciously, pick only ONE of the above three strategies; then, they try to get the market to "behave" and fit their trading style. THAT is the reason most do not consistently make money trading. Each strategy is effective only about 1/3 of the time. When your preferred approach does not fit current market conditions, you will lose money (or breakeven) about 2/3's of the time.
The ONLY way to overcome this problem is to learn to adapt your trading style as the market demands it. This is what NEELY RIVER Trading Technology is all about and why I depend on it to such a great extent for the success of the NEoWave Trading services. Most people fail to realize that a good wave count is NOT enough to trade profitably on a regular basis. You need to know exactly how to place stops based on which trading "style" is most effective in the current environment. If a market is trending, your stops and exits must be different (no matter what the count is) than if the market were in a "bargain hunting" or "top/bottom picking" environment.
So, what is the trading style used in the NEoWave Trading service? If you are a long-term subscriber, you have noticed the style that I use to enter, exit and move stops constantly changes. I'm never stuck in a "trend following" or "bargain hunting" or "top/bottom picking" mentality. My approach changes and evolves as NEELY RIVER conditions tell me they must. This is why my stops, from a wave theory perspective, may frequently not make sense, but usually work anyway.
Silver back under $31 with a quickness.
Andy, just FYI, saw your note on the other thread and wrote short reply. (Basically just "acknowledged".)
Andrew Luck does look pretty good.
Would be nice to see two Houston QBs win the Rose and Orange Bowl.
Wunsacon:
Cool. I don't mind getting called out when I say something stupid. Thanks.
Andy, had dinner with a dear friend last night..ret. lt. col... he hates houston with such ferocity.. apparently worked some oil rigs there in his 20s.. anyway.. said he once flew 200 miles out of his way to dump.. oh, never mind..
UFO is exactly what i was thinking..
http://nymag.com/daily/intel/2011/01/birds_died_from_trauma.html
Karen.
I hated Houston when I first move here a decade ago. It's sort of a shithole. But, it's my shithole now....
Ha.
lots of freaky stuff going on all at once.. cross your fingers that so cal doesn't experience the big one, please.. give me another week to get at least one son out of here..
held on to my candos today.. i really want parity!! darn it.. that would be a fun 25% or so gain for me.. and not to be greedy.. i bot them for the safety factor and could just keep them for such..
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