Creditcane™: I'm watching the game. Let me know when the markets are ready to reflect reality.
SPXHanging man day again. Midpoint above EMA(10). Tested and held SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Still above monthly & daily 3LB mids.
DXYBullish short day. Midpoint above EMA(10). Tested and failed the 61.8% retrace (77.27). Held above SMA(21). No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.
VIXBearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Failing its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). Escaped the grip of the "fear" zone.
GOLDBullish long day (confirmed bearish thrusting). Midpoint above EMA(10). Held its 38.2% retrace (1714.40). Now above all SMA's. New high on daily 3LB (reversal is 1594.80). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (1.3713). No daily 3LB changes (reversal is 1.4201).
JNKBearish short day (barely confirming previous dragonfly doji). Midpoint above EMA(10). Held above SMA(89). Held above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).
10YR YIELDBearish short day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). New low on daily 3LB (reversal is 23.95).
WTIBullish short day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 38.2% retrace (92.96). New high on dally 3LB (reversal is 93.96). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).
BKXBullish short day. Midpoint above EMA(10). Held above SMA(21). Held above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).
HYG/LQDDragonfly doji day (or a hanging man POV). Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).
USDJPYDoji day. Midpoint above EMA(10). Failing SMA(144). Tested and matched its 38.2% minor retrace (78.074). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts. Still waiting and waiting.
COPPERDoji day. Midpoint above EMA(10). Tested and failed SMA(55). Holding below its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.449).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
Ra,
do you put less weight on the S&P hanging man since it's not at the high/or an all time high?
Not sure about what the 'technicals' say...
But it would occur to me that if you PUT A WEIGHT on a HANGING MAN...
Then he would hang faster...
cv--
the 'funnymentals' "Argument" had filtered into the 'Mainstream'(?), by now..
TA (some of), esp. as evinced by AT's & AmenRa's Work, has shown to be of, at least, some, Merit, no?
to me, I'd say so..
differently, "iffin' ya have somethin' to say..Speak it Plain."
:)
AAIP
@AAIP
SPEAK IT PLAIN
Let me put it to you this way...
"Johnny GUT FEEL" is ticklish (translation: has a FUNNY BONE)...
Evidently, humor is often lost around these parts because I suppose too much FIAT is on the line (which I respect - I really do)...
I've said many times... I like TA as a 'map'...
But in many ways... "cartographically speaking"... It comes down to KNOWING that the EARLY GAMES are going to kick off at 1:00 PM Sunday & the LATE GAMES are going to kick off at 4:05 or 4:15... (or I suppose the last 10 days of them [candles] - where 1258 was likely to be the end of the road - was all a mirage)... Where is that McHappy anyway?...
In any case, same could be said for the CRIMSON TIDE, I suppose...
- defense, did, in fact, prevail (in that game)...
- It was hard fought
- WHOCOODAKNOWDE that they would miss 4 FG's & drop a TD pass on the goal line at the end of the game...
Cartography... A voodoo all in of itself...
As always... History is written by the WINNERS (not the CARTOGRAPHERS)...
To a bettor, regardless of which side you take, it's important to know that (above all else)...
ben22
The hanging man should come at the end of an uptrend usually preceded by a bullish long day. If in a trading range it's more of a bullish/bearish short day.
I'm going against Maclin in both my leagues....
C'mon man!
Ra,
Love mr.bob orange picture ... Awesome.
thanks ra, that makes sense, nisson seemed to stress them being at major tops or ideally all time highs but you see them in minor trends a lot, especially in individual names.
"its a good reminder for anyone young trying to build a reputation that it only takes one wrong move..."
Ben....amen to that brother.
Da Bears!!!
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