A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
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SPXInverted hammer day. Midpoint below EMA(10). Still below all SMA's. Holding above trend line (3/6/09-7/1/10). Tested and held the 50.0% minor retrace (1300.28). New low on daily 3LB (reversal is 1339.67). QE2infinity. Also below weekly & monthly 3LB mids.
DXYSpinning top day (confirmed bullish harami). Midpoint below EMA(10). Holding its 0.0% retrace (73.51). Still below all SMA's. Failing its weekly 3LB mid. No daily 3LB changes (reversal is 75.75).
VIXBearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% retrace (21.67). No daily 3LB changes (reversal is 15.87). Another escape from the "no fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Failing its 0.0% retrace (1624.30). Still above all SMA's. No daily 3LB changes (reversal is 1592.30). Holding above upper trend line. Must have the precious.
EURCHFBearish long day. Midpoint below EMA(10). Tested and failed its 0.0% retrace (1.1467). Failing all SMA's. New low on daily 3LB (reversal is 1.1732).
JNKSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Held its 61.8% retrace (40.20). No test of 38.2% minor retrace (40.45). Failing trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.86).
10YR YIELDBearish short day. Failing SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (29.56). Still below the upper trend line. No daily 3LB changes (reversal is 31.97).
WTISpinning top day. Tested and failed SMA(55) but held SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (97.98). No dally 3LB changes (reversal is 97.25).
SILVERSpinning top day. Still above all SMA's. Midpoint above EMA(10). Still above the upper trend line. Tested and failed its 38.2% retrace (40.69). No daily 3LB changes (reversal is 39.08).
BKXBullish short day (possible bullish harami). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (46.69). No daily 3LB changes (reversal is 48.32).
HYG/LQDDoji day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% retrace (0.8201). No daily 3LB changes (reversal is 0.8329).
IT HAS BEGUN. BE WARNED.
8 comments:
Not really in love with the choppy/grinding nature of the Silver....it doesn't look bullish.
Andy T
Most of the days are indecision. Not many long days in either direction.
Thx for the wrapRA!
Just watched Man Vs Food for the 1st time... he downed 15 dozen oysters... WOW!
This guy travels around the country looking for the best pigs out food spots... what a job... LOL
dude. 15 dozen oysters during the summer months....
that's pretty impressive. the man has a date with the porcelain goddess...
i friggin' hate oysters. wife loves them, though.
the concept that this d-wave will set a 'new high' in an expanding triangle is some jeopardy, but it's still on the table. A break below 1295 would put the nails in that coffin....it would just be too big of a retrace to still be part of a d-wave that should be expanding. Unfortunately for the bears, it really doesn't matter too much...there are many levels of support below 1295 before we get a real 'technical breakdown.'
Let's face it...we're not even that far off the highs of this big advance.
Andy T
It's like the game of who can stand closest to the edge of the cliff.
The low for USDJPY in March is in danger of being taken out. There have not been any sightings of the BoJ yet.
http://finviz.com/quote.ashx?t=CTL
nice Chart, real 'Bullish', no?
more..
http://finviz.com/quote.ashx?t=VZ&ty=c&ta=1&p=d
http://finviz.com/quote.ashx?t=T&ty=c&ta=1&p=d
looks like the Longs better be praying that the 200-dma holds/helps them out..
on the flipside..
http://finviz.com/quote.ashx?t=NZT&ty=c&ta=1&p=d
one that LB was buying--back in the Spring..
AAIP
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