A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I have become oil. I own you.
SPXShooting star day (ailed to confirm bearish harami). Midpoint above EMA(10). Above all SMA's. Above the 14.6% retrace (1319.09). New high on daily 3LB (reversal is 1313.80). QE2infinity. "JBTFD. Don't question it. Just do it."
DXYBearish short day. Midpoint below EMA(10). Held the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33). Rejected by SMA(21).
VIXBullish long day (yet closed lower from yesterday). Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 18.00). Still in the "no fear" zone. Closed below the monthly 3LB reversal price.
GOLDBearish short day (long tail shows bulls fought back). Midpoint about EMA(10). No test of 0.0% retrace. Still above SMA(21). No daily 3LB changes (reversal is 1394.10). Holding above upper trend line. Must have the precious.
EURUSDHanging man day. Midpoint above EMA(10). Still above 1.3870 (the 61.8% retrace). Above all SMA's. New high on daily 3LB (reversal is 1.3988).
JNKBearish long day (plus it gapped lower). Midpoint below EMA(10). Back below SMA(21,55,89). Closed at its 38.2% retrace (40.21). Still below lower trend line. Daily 3LB reversal down (reversal is 40.52).
10YR YIELDBearish long day. No test of 0.0% retrace at 37.44. Back below SMA(55). Midpoint above EMA(10). Held the upper trend line. No daily 3LB changes (reversal is 34.04).
WTIBullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. New high nodally 3LB (reversal is 98.15). Ruh roh?
XLFSpinning top day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed 23.6% retrace (16.53). No daily 3LB changes (reversal is 16.77).
YENBearish long day. Below all SMA's. Midpoint below EMA(10). Tested and passed its new 38.2% retrace (1.18459). New low on daily 3LB (reversal now 1.21320).
5 comments:
Love the bear picture crying....good one.
Alright folks. I'm out again for the last weekend of the ol' Warrenton/Roundtop antique festival... Spotty intertubes reception in those 'parts.
I'm long VCU to win the whole enchilada...
So, c'mon Shaka Smart....
http://www.marketwatch.com/story/spending-cuts-will-cripple-jobs-recovery-2011-04-01
Outside the Box
April 1, 2011, 3:09 p.m. EDT
Spending cuts will cripple jobs recovery
Commentary: March’s upbeat data don’t tell the whole story
...Interesting little article from Marketwatch. A little too socialist for me. Since the present level of ongoing deficits is unsustainable, whatcha gonna do? How about this title:
Massive tax increases will cripple jobs recovery.
..Wonder if she'd like that better?
it's this easy!
Bruce,
Have you considered doing something like this?
http://news.yahoo.com/s/ap/20110402/ap_on_re_us/us_two_tier_medicare
Final Four Rules: No Blood No Foul.
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