Creditcane™: I decided to deep fry a turkey in celebration of my return.
SPXBearish long day. Midpoint below EMA(10). Tested and failed SMA(89) & SMA(55). Tested and failed the 50.0% retrace (1204.50). New low on daily 3LB (reversal is 1218.28). QE2infinity. Now below the weekly and monthly mids.
DXYBullish short day (didn't confirm hanging man). Midpoint above EMA(10). Tested and held the 61.8% minor retrace (78.16). Holding above all SMA's. New high on daily 3LB (reversal is 77.93). Not confirming the monthly 3LB reversal up…yet.
VIXBearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.
GOLDBearish long day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1714.40). Further below SMA(21,55,89). No daily 3LB changes (reversal is 1639.80). Must have the precious.
EURUSDSpinning top day. Midpoint below EMA(10). Failing all SMA's. Still failing its 61.8% minor retrace (1.3596). No daily 3LB changes (reversal is 1.3707).
JNKBearish short day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 38.2% retrace (37.62). New low on daily 3LB (reversal is 39.51).
10YR YIELDSpinning top day. Failing SMA(55). Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 22.32).
WTIBearish short day. Still above all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% retrace (97.35). New low on dally 3LB (reversal is 97.79). Not confirming the monthly 3LB reversal down.
SILVERBearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.58).
BKXBearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (36.60). Daily 3LB reversal down (reversal is 41.97).
HYG/LQDBearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (0.7643). New low on daily 3LB (reversal is 0.7776).
USDJPYSpinning top day. Midpoint below EMA(10). Tested and failed SMA(55). Failing its 61.8% minor retrace (77.497). No daily 3LB changes (reversal is 75.70).
Nat Gas (weekly info)trend=no
direction=down (1 bar)
low= 3.310
rev= 3.920; mid= 3.615
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
New Englands D is young, they should get better over time, but wow do they suck.
AT,
Didn't get a chance to say it earlier but thanks for the updated S&P chart, seems we are pretty much on our way to your target with that triangle breakout, you've been aces with your calls for quite a few months man, seriously.
Hussman: http://www.hussmanfunds.com/wmc/wmc111121.htm
Breaks down why the ECB can't "print" unless there is a rewriting of the EU treaty.
Ben22
Thanks for the comments man...wish I had had more time last few months to put out more thoughts/ideas...
In re: the New England defense...
I'll take it...they scored a shit ton of points for me tonight.
I'm watching the posting,e of the Monday night football game....
Trent Dilfer and Steve young are mentally masturbating themselves about which AFC team is the best....
Not of those guys mentioned the Houston Texans.
If I was Gary Kubiak, I would play that clip over and over again...
Another decent read on ECB "printing": http://doug-huggins.blogspot.com/2011/11/legal-issues-involving-ecb-as-sovereign.html
AT,
Didn't get(take the) chance to say it earlier but thanks for the updated S&P chart, seems we are pretty much on our way to your target with that triangle breakout, you've been aces with your calls for quite a few months man, seriously.
November 21, 2011 9:31 PM
thanks McB..
x2 !
AAIP
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