Creditcane™: I'm having so much fun with the EU countries.
SPXBearish harami day. Midpoint above EMA(10). Tested and failed SMA(89). Held the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1119.46). QE2infinity.
DXYBearish short day. Midpoint below EMA(10). Failing the 61.8% retrace (77.27). Failing SMA(21). No daily 3LB changes (reversal is 79.43). Not confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint above EMA(10). Held SMA(89). Tested and held its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Can't escape the "fear" zone.
GOLDSpinning top day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1651.50). Tested and failed SMA(21). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDDoji day. Midpoint above EMA(10). Held SMA(21). Failing its 61.8% retrace (1.3903). No daily 3LB changes (reversal is 1.3415).
JNKSpinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (37.62). No daily 3LB changes (reversal is 37.04).
10YR YIELDSpinning top day. Held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 20.76).
WTIBearish engulfing day. Held SMA(55). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (87.30). No dally 3LB changes (reversal is 85.65). Not confirming the monthly 3LB reversal down.
SILVERBearish short day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBearish harami day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 38.93).
HYG/LQDBearish short day. Held SMA(55). Midpoint above EMA(10). Held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7513).
USDJPYSpinning top day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.54).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
14 comments:
Pretty messed up set of candlesticks on the sp500. We had that engulf bearish day two days ago, then a bullish engulfing, and now today's shit show.
As a Texan, I guess I'm supposed to be rooting for the rangers, but I just sort of like berkman and Pujols .... And Tony larusss. Wouldnt mind seeing the cards win this whole thing....
Love, love the unlikely champions...
I have some venom to spit on Texas. I am a Detroit fan and I have been sick of baseball since they were knocked out. Being a Detroit fan seems to be all about broken hearts and lost hope.
Andy T
That's what is bugging me. I see reversal patterns that do not get confirmed. The SPX is still below the monthly 3LB mid so the long term trend is stil down. It's back above the weekly 3LB mid so the near term trend is up. Decisions, decisions.
@Andy
Cards? Unlikely?
Well... All I can say is that they just took down the PHILLIES & BREWERS back 2 back (probably the two best teams in the whole post-season hoopla)...
But then again... The Rangers have the whole GEORGE & LAURA BUSH + NOLAN RYAN 'voodoo' on their side...
All in all... CV handicaps it as a TOSS-UP...
---
Possibly MORE important (for the 'geeks' around here)... Is the idea that 61.8% of GAME ONE WINNERS end up winning the WORLD SERIES (over the past 'something' time (it's relavant & true)... It's relevant - I'm just lazy to describe...
Anyway... what's important about that is not just the GOLDEN RATIO of the dynamic...
But... DRUMROLL...
WHY THE FUCK would any 'statistical anomaly mathematics 'GEEK' from Carnegie Mellon State University (or similar institute of higherlearning thereof)... want to BET his/her or his/her's CLIENTS $$$ on such an outcome???
It would seem MATHEMATICALLY ABSURD to me because it would basically portend to a 61.2 - 38.8 bet being translated into a 50-50 proposition (WHEREBY THE HOUSE COLLECTS 10% JUICE) afterwards... I'm just GUESSING that some genius could explain to me how that ADDS to GDP & solves all of our collective woes in the process... Otherwise, I guess it's all just MENTAL & ECONOMIC MASTURBATION...
Then again... I suppose there are geniuses like RITHOLTZ who can figure out a way to REVERSE SUCK all those aforementioned juices...
For a FEE... of course...
I guess I'd say... GO CARDS (simply because I think there's a SOCIOECONOMIC aspect to CARDS [the 'unpredictable' dynamic thereof])... to be the determining theme going forward...
So GOOD LUCK to all you GAMBLERS...
YOURS TRULY left the same table LONG AGO (because I didn't trust the LOOK IN THE EYE of the dealer)... 'Johnny GUT FEEL' dickhead that I am...
cv
http://www.financialsense.com/contributors/tim-wood/2011/10/19/bull-and-bear-market-relationships
Bull and Bear Market Relationships
@Amen
That's what is bugging me. I see reversal patterns that do not get confirmed. The SPX is still below the monthly 3LB mid so the long term trend is stil down. It's back above the weekly 3LB mid so the near term trend is up. Decisions, decisions
---
It's time to EMBRACE THE FUCKING HORROR...
These markets are FUCKING RIGGED (towards the 'PROBABLY GLIDEPATH ORIENTED' desire of TPTB)...
All CV has EVER received upon this notion is HATRED (by deniers)... That's all well & good... I don't hold it AGAINST such deniers (& as a MESSAGE to you all - I PROBABLY PLAY ON YOUR SAME FUCKING TEAM)...
But listen...
I'm fucking TIRED of reading 'KAREN's 'papers' (which are MONTHS [if not YEARS] behind the times)...
I'm TIRED of hearing about FIBOS (which anyone with a fuckin SLIDE RULE could figure...
START TALKING ABOUT REALITY GODDAMMIT!!!
ROBERT FUCKING PRECHTER IS NOT GODDAMMIT FUCKING REALITY...
- REALITY is people STARVING because of what's going on...
- REALITY IS NOT an 'abandoned' former housewife (on the shores of Carmel, California... living in a $5 million mansion)... telling you what you need to 'TUNE IN' to...
Who knows? Maybe I'm TOTALLY MISSING THE FUCKING POINT... But that's the way I see it...
& of course (AS WITH OTHER BLOGS)... If it's TOTALLY REPREHENSIBLE (what I'm saying)... then it's EAST to either filter me out (or start another blog as the case may be)...
---
So in the end... GOD BLESS YOU ALL (I really mean that)... My only efforts thus far have been towards hopefully seein that you all see TRUTH along the way... If that has failed then I'm sorry, but I can't blame my EFFORTS thereto...
Good Luck! :-)
I'll listen to anyone with a different perspective than me....as long as they've got something intelligent to add....
& if ANYONE has anything to add (or subtract from that) I'd remind them of the following...
I... CV... virtually RAN this blog for an ENTIRE YEAR (subsequent to ANDY T's departure)...
For the RECORD... I 'STILL' give ANDY T the 'medal of honor' for having the GUTS to divorce himself from the RITHOLTZ bullshit & venture on... I consider myself a DISCIPLE to that movement...
I'd have NEVER ventured ONWARDS (& hosted another blog) had it NOT been for ANDY T's departure...
Thankfully... a few souls understood... (& I did my best to ENTERTAIN - but that was largely due to my ENTERTAINMENT skills [not my acumen - which I dutifully acknowledge])...
I have to give AMEN RA 1000% credit for making my endeavor VALID (for so long)... We may JOKE people... But all of us know - THIS IS NO JOKE...
So naturally... It only makes sense that AMEN RA & ANDY T are what this blog is all about... IT SHOULD STAY THAT WAY...
I do what I do... I 'stir things up' a bit when nobody is looking (that's usually because NOBODY EVER SEEMS TO EVER BE LOOKING - but maybe that's just me)...
... as for KAREN...
You know... You are WELL LIKED by this crowd (including myself)... But DAILY input ends up being more understandable by THIS CROWD than anything else...
I'm a fucking stupid ass GROUP FITNESS INSTRUCTOR...
Wanna know something... IT"S THE FRIGGING EVERY DAY that nourishes people...
- It's NOT the star quality
- It's NOT the legacy
IT'S THE EVERY DAY... EVERY DAY means you're ONE OF THEM (hacking it out together with all the rewst of the hacks)... We're ALL hacks in the end...
Participate... BE ONE OF THE PEOPLE... That's where one finds their TRUE love & legacy...
Just saying...
CV
What's with the dig at Karen? The paper was showing how to detect accounting fraud when the numbers reported deviate from the norm.
Fibonacci is a part of nature and is reality.
Who said anything about Pretcher?
Ben From previous thread - Yes I have boughten from them before, but the demigraphics and needs where I was were different then what you are probably wanting to buy them for.
Consider yourself (or those you know) for example, if you are a normal American you have more stuff in your house then you really want or need.
So if you are looking for a storage unit to store your extra stuff, you are going to move your old tv, old end table, old couch out and keep your good stuff and from my experience 95% of units contain the kind of house hold crap that people don't want in the house, but don't want to get rid of either.
However in your neck of the woods people may have some pretty nice crap to store and I am sure there are times people move ma and pa's stuff in and forget about it.
My wife and I use to sell real-estate most of the people we sold to were of lower income, so if we could sell them a washer dryer, dinning room table and what not very cheap, or give it to them everyone benifitted.
From time to time we did run across some really nice stuff that we would keep or trade out, but I never ran across the treasures they show on storage wars, but they do that for a living and know what they want.
I hope that helps.
Also on a side note, I almost started my own storage unit a few years back, came this ".." close to buying the land but didn't, 3 months later a credit union bought the land 3 lots down and the price I could have paid almost doubled - Oh well such is life.
And by the way did you get a chance to read Karen's paper, wasn't it FRICKING GREAT!!!
Mangy Mutt
AmenRa - I think Cevienne is just being grumpy cuz the Seahawks didn't play this weekend and he is going through Seahawk with drawls
Mutt
@Amen
It's not a 'dig' at karen... In my mentally 'MASTURBED' mind I see it this way...
The paper was showing how to detect accounting fraud when the numbers reported deviate from the norm
'DEVIATE FROM THE NORM' are the operative words from that...
Perhaps I'm wrong... BUT MANY TIMES... I read 'deviations' from GOLDEN RATIOS & FIBO TANGENT LEVELS asd being used as the benchmark mathematical justifications for 'ABBERATIONS' (not that I 'universally' discount their statistical probabilities towards reconciliation)...
HOWEVER... (well - lets just dwell on the positive- shall we?)...
I BELIEVE IN GOLDEN RATIOS (you know - in architechture & mollusks & such)... But to apply such ARCHITECHTURE to [what I condider] realtively SMALL sampling sizes of FINANCIAL CHARTS based on prices determined in fiat currencies whereby INTERESTD PARTIES might have even a [less than double digit] input on the intermediate outcome of based on POLICY (& OTHER WELL & GOOD THINGS)]...
Well let's just say that my TRUST dissolves in those instances...
But THANKFULLY there are... PERHAPS... a BLOGFUL of readers here who think OTHERWISE... Therefore... They can PFROFIT IMMENSELY by these incoherent rantings... &...
They will SURELY thank YOU for that in the end...
(so condider me THIS BLOG's 'whipping boy' - for all the ANTI sentiment I offer towards capital markets)...
@Amen
& Frankly... I'd be surprised (MORE THAN ANYONE) if it were YOU that would vocally be two faced about this...
Let's RECAP a bit...
It was YOU & I who somehow 'struck a chord' (Way back in the summer of 2009 - on TBP - on things)...
How did that happen? (BECAUSE I DIDN'T KNOW JACK ABOUT YOU - OR VICE VERSA - AT THE TIME... BUT WE COMMUNICATED 'UNDER THE CHANNELS')...
I was ONE OF THE FIRST MOTHERFUCKERS around to start 'quizzing' you on what the fucking hell a 3LB was...
It went on... (even during Andy T's blog)... The - the rest is history...
Now... EVERYBODY knows & respects 3LB theory (thanks to YOU)...
So what I'm saying is... WHAT IS 3LB TELLIN YOU NOW... (You don't have to answer - I KNOW)...
Because???
3LB doesn't only apply to the S&P but it applies to PM's as well... IF NOT... You would have NEVER started putting those 'QE - YOU HAVE BEEN WARNED' messages down at the bottom of 'Amen Ra's Corner' for the past 8 months...
You know what's going to happen as well as I do... So MY QEUSTION IS why bother shrouding it by 'cow-towing' to an unbelieving blog constituency...?
Just saying...
cv
Post a Comment