"Thanks for buying the dance tickets JPM. Will you have any more available next week?"
Creditcane™: JPM is trying to usurp my gig.
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 50.0% minor retrace (1357.98). New low on daily 3LB (reversal is 1382.20). Had a weekly 3LB confirmation of the reversal down. QE2infinity.
Bullish short day. Midpoint above EMA(10). Tested and failed the 38.2% minor retrace (80.33). Still above all SMA's. New high on daily 3LB (reversal is 78.92). Still above weekly 3LB mid.
Bearish short day (w/long tail). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
Bearish short day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1598.10). Failing all SMA's. New low on daily 3LB (reversal is 1614.10). Still below its monthly 3LB mid. Must have the precious.
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Failing its 38.2% minor retrace (1.3057). New low on daily 3LB (reversal is 1.3341).
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Bearish short day (closed gap). Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (18.96). No daily 3LB changes (reversal is 18.35).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 50.0% retrace (99.04). New low on dally 3LB (reversal is 97.94). Still below the monthly 3LB mid.
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (29.92). New low on daily 3LB (reversal is 29.46).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 61.8% retrace (46.14). New low on daily 3LB (reversal is 47.93).
Doji day. Tested and failed SMA(21,144). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% retrace (3.660). New low on daily 3LB changes (reversal is 3.721).
Bearish short day. Failing SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 560.28).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (0.8011). No daily 3LB changes (reversal is 0.8348).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
"Thanks for buying the dance tickets JPM. Will you have any more available next week?"
Classic.
And here I thot it was going to be the Silver market that was going to bust them out....
bwahahahaah.
Silver Market = Puny Tiny Insignificant
Credit/Debt Markets = Really Fucking Big
Take care of all the Moms out there....
"Silver Market = Puny Tiny Insignificant
Credit/Debt Markets = Really Fucking Big"
This.
http://www.bloomberg.com/news/2012-05-11/greek-president-to-tackle-post-vote-political-stalemate.html
Greek President to Tackle Post-Vote Political Stalemate (Update 2)
quote:
"Troika Flexibility Report
While Greece would probably be granted an extension to that deadline, any attempt to significantly renegotiate its program would be unacceptable to the so-called troika of the European Commission, IMF and European Central Bank, Fitch said.
The troika is willing to make six important changes to Greece’s program if a pro-European government is formed in the country, Athens-based Real News reported in pre-release today of a story in its Sunday. These include an extension by one year, to end 2015, of the time Greece has to cut its budget deficit as well as to proceed with a restructuring of loans.
The troika is also willing to maintain the force of collective labor agreements, to alleviate the level of pension cuts or restore certain pensions to previous levels and to keep wage levels in the private sector and reduce the average tax burden on employees, the newspaper said.
IMF spokesman Raphael Anspach in Washington declined to comment on the report."
Greece to Troika: Do you want vaseline (y/n)?
Weekly 3LB Update 5/11/12
"Do you want vaseline?"
That's always the key question in any one-sided negotiation....
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