A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: 1% up. 1% down. No stops are safe. Keep taking chances if you want.
SPXBullish long day (yada yada yada). Midpoint below EMA(10). Failed SMA(21). Tested and held the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1340.43). Closed below daily 3LB mid. QE2infinity. "JBTFD" attributed to PT Barnum.
10YR YIELDBullish short day. No test of 0.0% retrace at 37.44. Still below SMA(21). Midpoint above EMA(10). Back above the 14.6% retrace (35.38). No daily 3LB changes (reversal is 34.14).
DXYSpinning top day. Midpoint below EMA(10). Way below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 76.89).
GOLDSpinning top day (weak evening star confirmation). Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1414.00). Still above upper trend line. Must have the precious.
EURUSDBearish long day. Midpoint above EMA(10). Still above 1.3891 (the 61.8% retrace). Above all SMA's. Holding above 1.3782 (fibo .09). No daily 3LB changes (reversal is 1.3805).
LQDSpinning top day. Still below SMA(21). Midpoint below EMA(10). No daily 3LB (reversal is 109.22).
MUBBullish thrusting day. Midpoint below EMA(10). Still below SMA(21). No daily 3LB (reversal is 99.26). Still above the weekly 3LB mid.
TLTBearish short day. Midpoint below EMA(10). Failed SMA(21). Above lower trend line. New low on daily 3LB (reversal is 92.28). Currently does not have a monthly 3LB reversal (down).
WTIDoji day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. No daily 3LB changes (reversal is 99.63). Not much of a reversal. Ruh roh?
SILVERSpinning top day (failed to confirm shooting star). Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Well above upper trend line. New high on daily 3LB (reversal is 34.84).
XLFBullish long day. Midpoint below EMA(10). Still below SMA(21). No test of 0.0% retrace. Tested and failed the 14.6% retrace (16.79). New high on daily 3LB (reversal is 16.39).
YM (Mini Dow)Bullish long day. Midpoint below EMA(10). Held 14.6% retrace (12156.20). Held SMA(21). No daily 3LB changes (reversal is 12022.00). Also held weekly 3LB mid (12098.50).
26 comments:
AR,
nice wrappage (as per..) ~
yes, this one..
http://finviz.com/quote.ashx?t=CQP
what a wreck..
really, though, didn't even know it existed, until Today..
w/that, if I were long, I would have had to have been wondering 'what was up', back in the middle of January..
that 'Ramp n' Dive' had to have to set off 'some Flags', no?
~~
this..
http://finviz.com/quote.ashx?t=TLT&ty=c&ta=1&p=d
is looking 'less constructive', no?
& this:
http://finviz.com/quote.ashx?t=GRM&ty=c&ta=1&p=d
is looking like ~16, yes?
AAIP
AAIP
CQP reversed down on the daily 3LB on 1/19/11, confirmed on 1/20/11 and trending on 2/10/11. Someone knew. Also it kept testing its weekly 3LB mid every week after making the high weekly close on 1/14/11.
AR,
yes, no doubt, that would make sense..
ibid.
From other thread...
THIS thru THIS...
---
"not just our ZIRP and QE.. Japan started it I suppose.. LTCM set the stage as well.
March 8, 2011 4:58 PM
karen said...
$copper.. no chance of that formation playing out either, right? can't have a bull market with copper tanking..
March 8, 2011 5:01 PM
Anonymous said...
http://finviz.com/futures_charts.ashx?t=HG
certainly, doesn't look strong..
may have to re-test ~4,20 ?
although, 4+ is an amazingly rich price for a decent 'Miner' ..
during the '008 unwind, b/e was, roughly, ~1.30/lb. ..
ibid.
LTCM was a 'dress rehersal' for much of what we've been seeing..good point..
---
The UNDERLYING in that exchange is that it's all true...
Everything now is just "stage setting"... (Politics & Central Banking)...
Just put a plate of milk on the back door step and see what the 'sheeple' are willing to lick up (Translation: "How much can we STEAL from them in the process")...
It's a confusing game, because the protagonists phase from the politicians - to the bankers - & back again... THEY"RE ALL PLAYING FOR THE SAME TEAM PEOPLE because they have EACH OTHER'S INTERESTS at stake...
You are going to LOSE because you're not one of THEM...
---
The JAPAN analogy (which has been used abundantly on this blog), will, in fact, play out IN THEORY...
... but in PRACTICE will play out in a much different sense...
- Japan had private SAVINGS
- Japan is an island nation which is geographically about the size of California
- At the TIME of the Japan collapse - the USA/China tango was just getting going (not to mention - the "baby boomers" in the US were just entering their prime EARNINGS years & everything attached to that)...
- The YEN never had "reserve currency" status
---
So while CENTRAL BANKERS may make similar policy moves... The result will be different (except for the "micro" timeframes where things might mimic the past)...
---
CV expects that we'll descend down a staircase of (organized) dollar destruction (not to assume that that the CB's have THAT much control, I just believe that it will somehow work out that way due to some HOPEFUL avoidance of utter collapse (as an alternative), will be LUCKILY avoided...
This makes it more imperative THAN EVER to disengage onesself from the idea of "dollar denominated paper assets" (bank balances, trading accounts, & all the TAX ramifications thereof)...
As Faber might say... "It'll all be WURTHLEZZ"...
Land & physical assets will be what one needs to get thru the period...
When it FINALLY all gets burned down to the ground (& obviously we're not there yet - Obama had his chance, but he chose the DARK SIDE of the force [or - the DARK SIDE just chose HIM because he's basically a dumb fuck])... Sorry for believing in him... so sad, you're mad... So when it finally all gets burned to the ground (on WHOMEVERS watch - be it REPUBLICRAT or DUMBOPLICAN)... we'll finally have the chance to INVEST in a future...
---
SO... Not to be PURPOSEFULLY "anti-blogmatic"... But intraday trading calls in this environment is fairly akin to taking BETS on whether NEANDERTHAL or CRO-MAGNON were going to survive as the SUPER-SPECIES...
IMHO (of course)... CV "possessing" the intellectual quotient of a Nanderthal/Cro-Magnon PRIMATE (as the case may be)...
Excellent wrapper as always AR.
For fun, what does pi sound like?
http://www.collegehumor.com/video:1948828?
No Phi yet...
bob,
if one could play a few instruments, they could make their own video based on Phi:
http://goldennumber.net/music.htm
Also always thought this was very neat:
The Recording Institute Of Detroit built a "Golden Section Studio" to phi proportions. They report that:
"The result of using the Golden Section in studio construction is a remarkable "even" quality with regard to frequencies. Your voice has pretty much the same frequencies present when you talk in any part of the room, the reverb has the same frequency spectrum as the direct sound. Drummers love the way their drums sound and record in this room. There is only approximately 33% of the surface area treated for acoustical absorption making this room quite live. It is a great room to record a distant mic on a lead guitar."
You can see the studio design here:
http://goldennumber.net/acoustics.htm
PT Barnum, definitely!
Speaking of water as we were earlier:
http://beach.orangecounty.com/2011/02/25/pamela-anderson-promotes-waves-4-water-on-ellen-show/33891/
@karen
Well I'll certainly get on board that movement...
How could ANYONE have been so STUPID as to have missed the opportunity earlier???
SURFERS (& PA) changing the world...
WHOCOODANODE???
My 'deep seated' AL GORE - Global Warming/Corn based ETHANOL - Obama - Chevy Volt will solve all our problems answer warning mechanism happens to be kicking in as I read this...
So PLEASE FORGIVE MY DIM-WITTED IGNORANCE... I'll just have to work HARDER to suppress my skepticism when I listen to these GIANTS of human intellectual thought!
Frankly
My impression is that Ellen DeGeneres was simply 'salivating' at the idea of putting her head between Pamela Anderson's tits... While shaking it violently left & right and saying...
"BUBUBUBUBUBUBUBUBUBUBUBUBU...."
Well - at least that's why SOME may be interested in having her on a show...
Love any discussion on the Golden Ratio.
Lots of things have a "triangular" feel up here....
Lots of gnashing back and forth in these markets.
@Andy
Not 'antagonistic' at all... THIS QUESTION...
But what are your 'technical' thoughts NOW about Ag hitting $50 or $21 first???
...after all
It's about SMACK DAB in the middle as we speak...
cv still takes the $50
...From that 'Pamela Anderson' article (linked by karen) comment section...
---
Bruce Ingrassia says:
February 25, 2011 at 1:28 pm 2/25/11
"I feel every human being on Earth is entitled to clean water, food, shelter and medical attention. Unfortunately that is not how things are.
When I get my oil changed the company asks for a $1.00 donation which they match to give clean water in Africa. I donate $5 every time, they match it with $10...
---
What a fucking DOUCHE!
Yeah dude... What about rats & mosquitoes?... Are they, TOO, ENTITLED to clean water, food, shelter, & medical assistance???
No??? Just YOU... Right??? The SAME dude that has the RIGHT to 'fly swat' them out of existence or EXTERMINATE them with poison...
So Yeah... THANKS for your $5.00 donation... It goes to fund some "non-profit" organization that exists to FUND itself in the interest of staffing about a half dozen losers to do blow and get stoned 24/7...
But at least it makes YOU feel better...
"Luckily there are people on this planet who do care about others well being"
kinda like this...
http://www.youtube.com/watch?v=P0q4o58pKwA
Oh wait!...
CV just realized he made a "COLOSSAL" mistake in the (7:50) you tube link...
IN AMERIKA...
We ACTUALLY DO have people WHO LIVE IN A FUCKING DESERT... (Las Vegas, Phoenix, and many parts of California)...
How those folks were convinced to pay a premium on taxes is beyond me...
According to estimates by Shayne McGuire in his new book, Hard Money; Taking Gold to a Higher Investment Level, the typical pension fund holds about 0.15% of its assets in gold. He estimates another 0.15% is devoted to gold mining stocks, giving us a total of 0.30% – that is, less than one third of one percent of assets committed to the gold sector
http://www.zerohedge.com/article/guest-post-driver-gold-you%E2%80%99re-not-watching
---
I'd certainly start with FOOD though... The only Gold you can eat are those chocolate gold coins...
"We ACTUALLY DO have people WHO LIVE IN A FUCKING DESERT"
I was just about to mention that. Furthermore, most of the malnourished people of the world do NOT live in a desert. Otherwise, Sam Kinison was spot on.
"How those folks were convinced to pay a premium on taxes is beyond me"
"Desert" just means there is little rain, nothing more, nothing less.
CV, i think Ellen has better taste than Pamela, altho I did think Pamela has a dulcet voice..
Oddly (or not) enough.. it was a maze of links if you wanted to actually buy one of those filters for yourself to have on hand.. they just want you to donate $$$.
I'll be gone for a bit.. so you don't have to reply to me.. : )
Futures flat, currencies flat, PMs flat. The magic AH wand must be broken.
Props where due. BR on Fast Money actually came out and said banks earnings were BS. Without Uncle Ben and taxpayers they would be insolvent. Of course the FM traders were dumbfounded.
I'm back (again.) Yeah, AR, every now and then BR hits the nail on the head.. gotta luv him.. ; )
I'm afraid to look at futures, but I must! okay, nothing to give me nightmares..
karen
Considering how they are manipulated while we sleep I try not to pay attention to futures until I wake up.
AR, i'm conditioned.. i never let them elate or deject me.. the story is always different at the open..
I wish I could flaunt my new toes in front of DL tonight .. an exquisite combination of two colours.. Miami Beet and Don't You Think I'm Texy.. sighing, see you all in the morning.
"...So Yeah... THANKS for your $5.00 donation... It goes to fund some "non-profit" organization that exists to FUND itself in the interest of staffing about a half dozen losers to do blow and get stoned 24/7...
But at least it makes YOU feel better..."
cv--,
it is, way, too much, like that..
AAIP
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