A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
"That was just wrong in so many ways."
Creditcane™: Payback for crowding the plate That last pitch was high and tight.
SPXBullish piercing day. Midpoint below EMA(10). Failing all SMA's. Tested and held the 38.2% minor retrace (1122.84). No daily 3LB changes (reversal is 1200.07). QE2infinity. Still below the daily and weekly mids.
DXYDark cloud cover day. Midpoint above EMA(10). Tested and failed the 100.0% retrace (79.60). Still above all SMA's. No daily 3LB changes (reversal is 78.46). Confirming the monthly 3LB reversal up.
VIXBearish engulfing day (nasty way to confirm hanging man). Midpoint above EMA(10). Above all SMA's. Failing its 0.0% retrace (45.40). Tested and failed its 38.2% minor retrace (40.86). No daily 3LB changes (reversal is 25.25). Still locked up in the "extreme fear" zone.
GOLDBearish engulfing day (but we're not in a trend so not a reversal signal). 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.
EURUSDBullish piercing day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 100.0% minor retrace (1.3350). No daily 3LB changes (reversal is 1.3464).
JNKTakuri day (and yet it gapped lower again). Midpoint below EMA(10). Failing all SMA's. Failing its 0.0% retrace (36.19). New low on daily 3LB (reversal is 36.71).
10YR YIELDBullish short day. Failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (18.96). No daily 3LB changes (reversal is 17.15).
WTISpinning top day. Failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (78.53). New low on dally 3LB (reversal is 79.64). Confirming the monthly 3LB reversal down.
SILVERSpinning top day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (30.76). No daily 3LB changes (reversal is 42.49).
BKXBullish piercing day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (33.63). No daily 3LB changes (reversal is 36.85).
HYG/LQDBullish short day. Failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (0.7375). No daily 3LB changes (reversal is 0.7627).
USDJPYSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
EEMBullish piercing day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (34.71). No daily 3LB changes (reversal is 39.03).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
21 comments:
Italy downgraded three notches by Moody's. Went from Aa2 to A2 - Negative Outlook.
...from other thread
---
"...that "Why?" ..."
...is so much better...
Make Emmitt Smith proud :-) (I miss 'Emmitt Smith-ism's on ESPN)... You know, the ESPN that just stopped airing Hank Williams Jr. ARE YOU READY FOR SOME FOOTBALL? after more than a quarter century because they're afraid of either...
- inciting RACE riots in 'Bristol Connecticut'
- or Obama sending a predator drone in to KILL Hank Williams Jr. for excercising his first Amendment rights... (you know - for his own SAFETY) & the safety for the ears of ALL Americans who 'SHALT NOT' hear anything remotely attached to QUERY regarding the competency of the teleprompter in chief...
Make Stalin proud!
cv
ht/ZH for this...
"So stocks rose 4% on a plan of a plan to plan a plan for a bank they hadn't heard of until this morning. Hmmm."
Pretty much sums up CV's sentiments towards these markets for the past 15 months...
cv
...makes me feel GLAD that I have my 'pattern recognition software to 'fire off the trade'...
or OTHERWISE be this guy...
http://www.youtube.com/watch?v=wHJtIUS6esk
Yeah!... WOW!
cv
This is more like it...
http://www.youtube.com/watch?v=SlFMObZOBaY
cv
I don't even have to write anymore... Because these dudes always SAY IT ALL... (ht/ZH)...
---
"Because while soaring volatility in gold and copper, not to mention silver, results in one after another margin hike to "cool off the speculators", when it comes to financial stocks, especially in the "tail wag the dog" variety where the synthetic drives the stock price, a surge in vol means a cut in margins, or 33% to be precise. As of minutes ago, the biggest futures exchange just cut XAF margins by a whopping 33%, exploding vol be damned, or actually, because of it. The CME would be even more delighted if clients were to pledge their gold as collateral, especially following yesterday's expansion of gold's marginability from $200 to $500 million. So just in case anyone missed the message from today, when fins plunged then soared on a rumor, the CME would be delighted if you could repeat all of that but this time with 23% more margin. Expect more margins cuts, this time in ES offset by margins hike in all other instruments, especially of the public enemy #1 variety such as precious metals and crude."
cv
Hay baby, don worry. we haz teh planz.
You might want to dig in to the veracity of that you tube vid...not that I'm defending BAC or anything close to it...but anybody can create a bit of "theatre" for any agenda going these days. For one ...it's not raining in St. Louis today...just sayin'
I think it's fair to say that whomever writes up a lot of the comments at ZH regarding margin doesn't have an effing clue what they are talking about
no offense CV, calling it like I see it, one stupid ass comment after another about the hidden agenda of margin hikes for months on end now.....yawn.
regarding hank williams, yeah, its funny how Blowhard Obama can say stuff about a huge section of the population clinging to guns and religion and when Spank Williams makes a poor example out of describing two people as opposites he immediately gets the boot
the other guy gets elected president
if you aren't with us, you're most certainly against us
did you get that posting thing worked out, I can't even post at TBP anymore.....such a shame that is, now I can't talk about the forward p/e ratio or whether 19.7% or 20.1% is the real def. of a bear market.....
@ben22--
you probably got booted from TBP for associating with know 'rebels'....
Anyone see the video of Hank Williams Jr?
That dude's mind has clearly melted down over the years....guess excessive drug use early does catch up with you.
AT,
nah, haven't pissed anyone off over there bad enough yet, I can still post at home, but not on the PC over there.
but sure, I'm with "those guys" so....you know.
The "Honey Badger" has gone mainstream now. He's on commercials for ESPN, Madden, and now pistachios. Saw a cnnsi writer refer to a cornerback as the human honey badger.
Those marketing folks pay attention to what's going viral on YouTube.......
Andy T
You referring to the pistacchio commercial?
Mel
It did seem staged. Now if he had gone on his own (without the crowd) it might be more believable. What's funny is that BAC told them to close their account online.
I checked out the Stl BAC video, the guy says "I want to do a run on the bank"
funny thing that..... people have no idea what they are asking for if they start to do that in droves
Detroit cannot hang with the Yanks. They don't have the pitching depth. If you want to win the series, you need to have 3+ solid starters, as many relievers, and solid run support. Detroit is missing the first two of those.
http://www.financialsense.com/contributors/charles-hugh-smith/2011/10/04/heresy-of-a-strengthening-dollar
quote:
"To the true believers of one investment orthodoxy or another, traders are renegades profiting where they “shouldn’t”--being short as the market declines, for example. In other words, the “right” way to “invest” is to choose an orthodoxy and cling to it through thick and thin until proven “right.”
To the trader, this approach is equivalent to lighting one’s capital afire and watching it burn. The trader thinks in terms of probabilities, not certainties, and looks to charts as reflections of human behavior. A forecast is simply an assessment of probability, a snapshot taken in the present of multiple dynamics and timeframes."
Good read.
AAPL
Daily 3LB reversal down (reversal now 413.45). Below its weekly 3LB mid (384.61). Tested its weekly 3LB reversal (364.92). Failing its SMA(21) on the weekly chart. Let's see if todays intraday reversal was for real or just for show.
DXY
Now above the SMA(233) & SMA(89) on the weekly chart. Its also above its 38.2% retrace (78.76). It's also above the trend line (using 11/27/09 & 10/15/10 lows). The weekly 3LB is trending up and currently is making another weekly high.
Don Lapre commits suicide in AZ jail: http://www.avclub.com/articles/don-lapre-king-of-the-infomercials-commits-suicide,62636/
The comments are a mix of sick and funny.
"You too can make $1000 a week by placing a tiny classified ad."
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