A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Today was a Rock'em Sock'em Robot trading day.
SPXSpinning top day. Midpoint below EMA(10). Still below all SMA's. Tested and failed trend line (3/6/09-7/1/10). Tested and held the 61.8% minor retrace (1286.32). New low on daily 3LB (reversal is 1304.89). QE2infinity. Still below weekly & monthly 3LB midpoints.
DXYBullish engulfing day. 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).
VIXBullish short day (long hair). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (23.05). No daily 3LB changes (reversal is 16.52). Still running away from the "no fear" zone.
GOLDDoji day. Midpoint above EMA(10). Tested and failed its 0.0% retrace (1631.00). Still above all SMA's. No daily 3LB changes (reversal is 1604.60). Holding above upper trend line. Must have the precious.
EURCHFBearish long day again. Midpoint below EMA(10). Tested and failed its new 0.0% retrace (1.1277). Failing all SMA's. New low on daily 3LB (reversal is 1.1561).
JNKDoji day (possible bearish harami). Midpoint below EMA(10). Tested and failed SMA(21). Failed its 61.8% retrace (40.20). Failing trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.86).
10YR YIELDBearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its new 0.0% retrace (28.05). Still below the upper trend line. New low on daily 3LB (reversal is 29.08).
WTISpinning top day. Tested and failed SMA(233). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (95.94). New low on dally 3LB (reversal is 99.87).
SILVERBearish short day. Still above all SMA's. Midpoint above EMA(10). Still above the upper trend line. Failing its 38.2% retrace (40.69). No daily 3LB changes (reversal is 39.08).
BKXSpinning top day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (46.19). No daily 3LB changes (reversal is 48.32).
HYG/LQDSpinning top day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (0.8084). New low on daily 3LB (reversal is 0.8134). Tested and held its weekly 3LB reversal price (0.8022).
USDJPYSpinning top day. Midpoint below EMA(10). Below all SMA's. Tested and failed its 61.8% minor retrace (77.497). No daily 3LB changes (reversal is 78.24). Calling BoJ. Calling BoJ. Are you all talk and no bite?
IT HAS BEGUN. BE WARNED.
24 comments:
Good news for cv today... Looks like I'll soon be splitting a fortune with Mr. Zuofu... (per this e-mail)...
---
"Compliment of the season. I am Mr. Zuofu from Hong Kong, i have a client that made a fixed deposit of $ 55M USD in my bank branch and he died with his family leaving no next of kin, am ready to share 50/50 with you if you decide to stand as my late client next of kin, then kindly furnish me immediately with the following information for further details.
1, Full name / Age
2, Address
3, Private Mobile. number
4, Private Fax number
Please be informed that this transaction will be legally put in place to guaranteed you 100% safe and risk free, be rest assured Waiting for your kind reply.
Sincerely,
C.zuofuFrom Hong Kong
---
100% safe & risk free!... What could possibly go wrong?
I was amused by the Meredith Whitney interview on CNBC this morning. I wasn't the only person in the office who erupted in laughter when she said she was sticking by her call of a bazillion muni defaults.
What an otherwise slow day.
@Matthew:
I'm not saying she's wrong, but when she uttered the line: "It's going down exactly as I had thought"...
I was a bit baffled.
Note to Meredith: It's OK to be wrong or "early."
The Fuzzy one lightened up on some of his portfolio...
He probably did it a few days ago before the big drop....
http://www.ritholtz.com/blog/2011/08/lightening-up-on-small-caps-emerging-markets/
Because, he's just that good.
Bwhahhahaahahahahah
Oh Shit.
Just checked Daneric's site....
Though we have different counts, we have the same outcome predicted....
http://3.bp.blogspot.com/-Zi_N15b2tT8/TjcJ5KkSnEI/AAAAAAAAJms/sKhVACvw8Vc/s1600/spxdaily.png
This does not make me feel great ...
Oh well.
shit, I haven't been to DE's in a while, he can some right too, but generally that blows.....
CV,
once Jeff Gundlach takes over the Bills they are going back to the bowl baby
Remember when the Bills were awesome, those Jim Kelly teams....they were loaded on both sides of the ball, no Super Bowl victory though.
Bills could never overcome the Scott Norwood moment....
Al Michaels: "No good! Wide right!"
Still, Four consecutive AFC Championships...pretty remarkable. Unfortunately, people don't think of it that way....
Just that they lost all their Super Bowls. Sucks to be second...
Debt ceiling bill passes House & futures are basically flat. I wonder how nervous Congress is starting to get. Because if this is all the market can/will do...
Randy Moss retires.
Or is he pulling a Brett Favre?
If anyone had paid Randy Moss 5MM to run around a field and take a few hits, he would have been back.
He's got enough money in the bank that he's just not going to do it 'for fun'....always been about what's good for Randy Moss.
Super talent...never fulfilled the absolute potential.
Andy T
I read an article where Jerry Jones regrets not picking Moss in the draft. Moss' teams were 8-0 against the Cowboys.
Ben, you'll probably appreciate this one....
If the x-wave did end today, it was an exact 23.6% retrace of the y-wave....
Just like the x-wave was an exact 23.6% of of the w-wave.....
I suppose I would have liked to have seen some 'alternation' between those two x-waves, but there aren't any 'rules' on that one..
the concept of alternation is more pertinent when it comes to impulsions and triangles.
Would be most interesting if we actually bottomed today.
AR:
yeah. I don't care what those players might say in an interview, they hold 'grudges' against teams and players they feel slighted by.
Moss felt slighted by J.Jones...
AT,
Nice, I had not even looked at that, the 23.6%
that would be very interesting, doubtful that very many people are thinking we bottomed today judging by various comments all over the place
I don't know if we've bottomed but 6/16 & 6/23 were the only days that tested the trend line (3/09-7/10). Except today. Today the SPX closed below the trend line. The bat signal for algos was seen over NYC.
>> Bills could never overcome the Scott Norwood moment....
A game of football lasts 60 minutes. Norwood alone did not lose that game. And I *do* credit the Bills with being full of awesome.
http://finviz.com/quote.ashx?t=VZ
http://finviz.com/quote.ashx?t=T&ty=c&ta=1&p=d
that was some Sweet(?) 200dma 'Kick-Save, and a Beauty~!'-accion..
AAIP
http://finviz.com/quote.ashx?t=CTL&ty=c&ta=1&p=d
that puppy, not so much..~
SPX FV around 1283.
(9:38)
"Just that they lost all their Super Bowls. Sucks to be second...
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Yeah... OTHER famous "2nd's" in history:
- John McCain
- John Kerry
- Al Gore
- Bob dole
- Michael dukakis
- George McGovern
- Buzz Aldrin
- William Childs Westmoreland
- Japan (war in Pacific)
- the Redcoats
- Napoleon (at Waterloo)
(Names which, 'co-incidentaly', appear in the "What ever happened to..." lines of questioning...)...
Moss will come back & play... Just wait for the right team to need a wideout that can stretch the field, that also happens to be in playoff contention as one of their stars goes down mi season...
I would hardly count out ANY of the following:
Eagles, Cowboys, Packers, Saints, Cardinals, Chargers, Ravens, Steelers:
Frankly - I doubt it woul be the Jets or Patriots... Moss woul be too pissed that he got passed over for #85 & Plax...
... on the daneric chart
Well it sure looks to me that 1260 (the zone CV has been talking about as "dark cross"-ville for some time now)... Is well contained within that triangle...
Frankly - I'd expect a breakdown below that triangle first (which triggered the dark cross), then some miracle stick save which concludes the triangle)...
Looks like a lot of flag waving (up & down) between now & then...
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