A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: A rubber market is beginning to snap in two.
SPXBearish long day (extended falling three method?). Midpoint below EMA(10). Failing all SMA's. Tested and failed the 61.8% retrace (1168.03). No daily 3LB changes (reversal is 1254.05). QE2infinity. Still below the daily and weekly mids.
DXYBullish short day. Midpoint above EMA(10). Failing the 61.8% minor retrace (78.16). Still above all SMA's. No daily 3LB changes (reversal is 77.19). Still above the monthly 3LB reversal price.
VIXBullish long day. Midpoint above EMA(10). Above all SMA's. Failing its 0.0% retrace (45.40). Tested and held its 38.2% minor retrace (40.86). No daily 3LB changes (reversal is 25.25). Captured and returned to the "extreme fear" zone.
GOLDBearish long day (another harami failure). Midpoint below EMA(10). Tested and failed its 50.0% retrace (1651.50). Tested and failed SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDBearish short day (bearish harami in a down trend?). Midpoint below EMA(10). Still below all SMA's. Tested and failed its 50.0% minor retrace (1.3598). No daily 3LB changes (reversal is 1.3644).
JNKBearish really long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (37.01). No daily 3LB changes (reversal is 39.59).
10YR YIELDBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 17.15).
WTIBearish long day (denied the bullish engulfing confirmation). Failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (80.51). No dally 3LB changes (reversal is 92.27).
SILVERBearish engulfing day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (30.76). New low on daily 3LB (reversal is 36.58).
BKXBearish long day (evening star completed). Midpoint below EMA(10). Failing all SMA's. Holding above its 0.0% retrace (35.39). No daily 3LB changes (reversal is 34.45).
HYG/LQDBearish long day. Failing all SMA's. Midpoint below EMA(10). No test of its 0.0% retrace (0.7375). Tested and failed its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7910).
USDJPYBearish long day. Midpoint above EMA(10). Failing all SMA's. Tested and failed its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.54).
COPPERBearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 0.0% retrace (3.412). New low on daily 3LB (reversal is 3.726).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
Ra,
I tried to post a couple times today and my computer at work would not allow me to post at blogger
seems this was an issue various places today, not sure what to make of the last several sticks
booked that SPY put today for a very nice gain though I sold at the 2 pm bottom not the close!
ben22
Sometimes I have a problem posting. Finally realized that the html code for a link was incomplete. I went a whole day unable to post until figuring it out.
AGoldhamster ... good work guys!
As you may have noticed - the most ugly metal smashes occur in Asia.
No today you have the $HUI, $XAU, Gold and silver, and Indices closing near or at the intraday lows, with $HUI already having made new lows.
Perfect setup for the Asian session!
Take care!
I have the most important part of the coming crash starting from October 15th or so.
Last similar top happened May 2. Legatus. Next meeting in Rome starting from 16th. In GB a few days earlier.
Besides that all my sources pointing towards that week for either a low or a crash. One group expecting a low there. The other group that week the start of a prolonged deflationary period.
Not sure yet which way it will be. Guess after the first 2 weeks we will know.
My latest gold chart
Expecting the Chinese to again step in around the 200 dma. This selloff was predicted by bc shanghai a few days before the major selloff started. From the top minimum 15%. Also it is well known that the Chinese like to step in around the 200 dma.
Something else this guy predicted: @DX towards 85. There I have my doubts, although that guy seems pretty well Fx connected. BTW that guy is already around 40 years in the market.
Also he expects gold to go considerable higher still. Recently he mentioned 3000 in coming years.
On a sidenote - I'm the owner of the marketcyclesresearch blog, where also Cyclist (from Kitco) posts.
goldhamster
great chart, thank you
did you try the 52 EMA on there?
do you have a link to your blog?
tks
""booked that SPY put today for a very nice gain though I sold at the 2 pm bottom not the close!""
NICE!
me, occasionally buying SDS calls, Oct & Nov.
re: marketcyclesresearch blog
searched for it,
couldn't find it
X-Factor
lovin it
AGoldhamster
Thanks for the chart.
What exactly is bc shanghai?
shanghai bc is a chinese pro - 40 y in the markets and guess pretty good connected and posts here and then at global-view.com in the protected area
marketcyclesresearch.blogspot.com is a protected blog - as some of my posters (i.e. Cyclist, but also others) prefer to be under the radar - and we have quite some astro stuff there. Tolerance and respect is a MUST in our group - and although we have our blog now close to a year - there was not one harsh word.
i myself try the "channel" the best input from different places/individuals I am aware of.
I think the cluster of the information available in the blog in the end called all tops and lows. I.e. I have warned May 2 or 3 that this might be a top. Or bc warned of the coming 15% drop in gold. Or Bruce is the guy to listen, when it is time to get in again, Cyclist is the guy with the cycles stuff, etc etc. But we are controversiell - and you have always to be on your own.
Access only via invitation - and after I have an idea of whom I'm going to invite.
As far as time allows (and i have almost none) I share the gist sometimes here or there ...
A source i follow closely is BLR virguan - also posting at global-view.com in the public forex forum. So far this guy had not one wrong trade.
The most remarkable trader I have met in all the years. He also called the 300 points drop well in advance. But time I follow him is not sooo long yet ... maybe 2 months or so.
Anyway worth to have him on the radar.
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