"If it wasn't for Monday we would have already been Greaving."
Creditcane™: Don't let the small higher closes fool you. There's danger lurking.
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1330.66). QE2infinity.
Bullish short day. Midpoint above EMA(10). Holding above the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.38). Now above weekly 3LB rev.
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). Daily 3LB reversal down (reversal is 25.10).
Doji day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2724).
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.02).
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). No dally 3LB changes (reversal is 93.19). Still below the monthly 3LB mid.
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).
Bullish harami day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (3.423). No daily 3LB changes (reversal is 3.517).
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 530.12).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (0.7800). No daily 3LB changes (reversal is 0.7930).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
The 10 year bond is 1.76
The 10 year bond is 1.76
The 10 year bond is 1.76....
Just because it has happened slowly doesn't mean it isn't ominous...
Forget how Bernanke has done what he's done...Europe is breaking up and the 10 year is at 1.76...
...I have been pondering this a little after supper and it strikes me as very bad. I guess we'll just see what it leads to..
1.76?
That seems like a "good deal" right?
BinT & Andy T
The 10yr was at 1.702 the other day. BB was having nightmares.
-tage..
"For the great majority of mankind are satisfied with appearances,
as though they were realities, and are often more influenced
by the things that seem than by those that are."
-- Niccolo Machiavelli
(1469-1527) Italian Statesman and Political Philosopher
Source: Discourses, 1513-1517
http://quotes.liberty-tree.ca/quote_blog/Niccolo.Machiavelli.Quote.A7B6
"Those who can make you believe in absurdities
can make you commit atrocities!"
-- Voltaire
[François Marie Arouet] (1694-1778)
http://quotes.liberty-tree.ca/quote_blog/Voltaire.Quote.C2AD
ibid.
Well, it seems to me if Europe was breaking up and the 10 year was 5.5, we might say there was at least something that could be tried. But Europe is breaking up with ZIRP about as low as it can be pushed (since that is what Ben has chosen) already, and this is the ominous part of it...
...Maybe Iceland will buy all of Europe and things will be rosy..
Ben has chosen the path that his study of the GD warranted in his mind, anyway. Yet Europe is breaking up, and more of the same is coming from Ben...it seems almost Roubiniominous..
Arrggh! Knee wrap and immobilizer. Stretched and tore some of the ligaments.
Damn. Who keeps buying? Must be orders to not let the Dow close with a three handle loss.
""Damn. Who keeps buying? Must be orders to not let the Dow close with a three handle loss.""
Only thing I've been buying is VCV, FAX and a few others. Either I go down in flames in months/years or have a nice huge divy payout each month... mostly tax free until the bastards change them rules!
funny how the spooz bounced off 18's 1294ish then hit resistance at 1325ish... trading within last week or so.
1375 above
1244 below
Enjoy the long weekend. New thread up.
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