A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Today felt like an unwanted colon cleasning.
SPX
Bullish long day (also a closing marubozu). Midpoint below EMA(10). Still below all SMA's. Tested and held the 38.2% minor retrace (1122.84). No daily 3LB changes (reversal is 1254.05). QE2infinity. Still below daily, weekly & monthly 3LB mids.
DXY
Bearish long day. Midpoint below EMA(10). Holding above its 0.0% retrace (73.51). Failing the 38.2% minor retrace (74.40). Still below all SMA's. No daily 3LB changes (reversal is 75.75).
VIX
Bearish long day (still didn't close gap). Midpoint above EMA(10). Still above all SMA's. Failing its 0.0% retrace (45.40). Tested and failed its 61.8% minor retrace. No daily 3LB changes (reversal is 25.25). Can't escape the "extreme fear" zone.
GOLD
Bearish engulfing day. Midpoint above EMA(10). Tested and failed its new 0.0% retrace (1881.40). Still above all SMA's. No daily 3LB changes (reversal is 1793.80). Must have the precious.
EURCHF
Bullish short day. Midpoint above EMA(10). Holding above its 61.8%% retrace (1.1078). Holding SMA(21). New high on daily 3LB (reversal is 1.1055). This tight range would make me nervous.
JNK
Bullish piercing day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (38.07). No daily 3LB changes (reversal is 39.59).
10YR YIELD
Hammer day (failed to close gap). Failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (20.92). Still below the upper trend line. No daily 3LB changes (reversal is 21.82).
WTI
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (80.32). No dally 3LB changes (reversal is 92.08).
SILVER
Bearish engulfing day. Trading above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (40.69). Tested and failed its 61.8% minor retrace. No daily 3LB changes (reversal is 37.89).
BKX
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (36.25). No daily 3LB changes (reversal is 36.99).
HYG/LQD
Bullish long day. Failing all SMA's. Midpoint below EMA(10). No test of its 0.0% retrace (0.7427). Tested and held its 61.8% minor retrace (0.7682). No daily 3LB changes (reversal is 0.7910).
USDJPY
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.03).
IT HAS BEGUN. BE WARNED.
7 comments:
http://federalnewsradio.com/
4 a 'First Window' on the 'Optics' of/onto the 'Mushroom Economy'--
ibid.
re: TSP, et al. ...
Shanghai Gold Exchange hiked gold margins for the second time in a month. Shanghai hikes gold
cv--
wyhat about this dude's approach/POV...
Gold Slammed
August 23rd, 2011
Warning: This is not a recommendation to buy, sell or hold any financial instrument.
Bid/Ask 1828.70 – 1829.70
Low/High 1822.70 – 1906.80
Change -69.40 -3.66%
It looks like they fed some gold to the rally monkey and let it loose in that pachinko lounge I laid down a bet in yesterday.
http://cryptogon.com/?p=24433
you know, Swimming, in the Seas that We are, no one is Hg-Free, are they?
AAIP
Thanks AR.
Still wouldnt' surprised me to see a marginally lower lower here (sub-1100), but the general them of choppy, whipsaw congestion seems to be playing out ok....
Was reviewing the Neely S&P500 and Gold...can't disagree with the general projection at all...
Moody's downgrades Japan to Aa3.
Yen rises.
Japan's MOF announces $100B facility to deal with the yen rise.
Yen rises.
BWAHAHAHA.
http://online.wsj.com/article/BT-CO-20110823-709045.html
Societe Generale Signs Liquidity Contract With Rothschild
Now is it time to worry?
@Amen (1:34)
Of course not...
Because 'families' who are the shareholders of the large banks that comprise the CB cartels don't have anything to do with anything...
To prove it... Here's a list of fellows to explain how they have nothing to do with anything...
---
"The bank hath benefit of interest on all moneys which it creates out of nothing."
--William Paterson, founder of the Bank of England in 1694, then a privately owned bank.
"The few who understand the system will either be so interested in its profits or be so
dependent upon its favours that there will be no opposition from that class, while on the other
hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."
--The Rothschild brothers of London writing to associates in New York, 1863.
"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay
for the cost of your own slavery, let them continue to create deposits."
--Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.
"I am afraid the ordinary citizen will not like to be told that the banks can and do create
money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people."
--Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.
"The banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents,
financial textbooks, etc. But in the intervening years, and we must be perfectly frank about
these things, there has been a development of thought, until today I doubt very much whether
you would get many prominent bankers to attempt to deny that banks create it."
--H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.
"I believe that banking institutions are more dangerous to our liberties than standing armies."
--Thomas Jefferson, US President 1801-9.
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
--Napoleon Bonaparte, Emperor of France.
'Permit me to issue and control the money of the nation and I care not who makes its laws.'
— Mayer Amschel Rothchild
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