AmenRa's Corner

Posted by AmenRa on Thursday, October 20, 2011 /
...can prevent market meltups based on unfounded rumors.


Creditcane™: I'll see if I can crash the EU Summit.


SPX
Bullish short day (didn't confirm bearish harami - duh). Midpoint above EMA(10). Failing SMA(89). Held the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1119.46). QE2infinity.



DXY
Spinning top 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.



VIX
Bullish short day. Midpoint above EMA(10). Held SMA(89). Held its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Can't escape the "fear" zone.



GOLD
Bearish long day. Midpoint below EMA(10). Failing its 50.0% retrace (1651.50). Tested and held SMA(144). No daily 3LB changes (reversal is 1757.30). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Holding SMA(21). Failing its 61.8% retrace (1.3903). No daily 3LB changes (reversal is 1.3415).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (37.62). New high on daily 3LB (reversal is 37.48).



10YR YIELD
Spinning 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).



WTI
Doji day (confirmed bearish engulfing). Held SMA(55). Midpoint above EMA(10). Failing its 61.8% minor retrace (87.30). No dally 3LB changes (reversal is 85.65). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short 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 36.58).



BKX
Bullish short day (didn't confirm bearish harami). 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/LQD
Spinning top day. Holding SMA(55). Midpoint above EMA(10). Holding its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7635).



USDJPY
Spinning 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 77.63).



COPPER
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 0.0% retrace (3.095). New low on daily 3LB (reversal is 3.408).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

ben22 said...

Got cash at BAC?

https://self-evident.org/?p=933

October 20, 2011 at 8:19 PM
Andy T said...

Copper...testing out that 300 support area again....if it sets a new low, it's going to look a lot like a five wave move down from the highs.

October 20, 2011 at 9:23 PM
AmenRa said...

ben22

I put up a couple of links about that last night. BAC is just wrong I tell you.

October 20, 2011 at 11:19 PM
QQQQ said...

""BAC is just wrong I tell you""

...and what I see funny is when many asians come to America, I've noticed they seem to get accounts at BAC, guess because it's "the" bank of america. I still tell ya, you'll see these shares for sale at the 99¢ ONLY stores. If it wasn't for Buffy's crazy deal, they might be there by now.

...accumulating SDS (a few months out) now and before now

October 21, 2011 at 1:21 AM

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