"Is it time yet? Well?"
Creditcane™: Otra vez: There should have been more pain.
Bearish short 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 1416.51). QE2infinity.
Bullish short day. Midpoint above EMA(10). Tested and held the 50.0% minor retrace (79.96). Now above all SMA's. Daily 3LB reversal up (reversal is 78.71). Back above weekly 3LB mid.
Spinning top day (w/volatility). Midpoint above EMA(10). Now above all SMA's. Tested and failed its 50.0% minor retrace (20.22). 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 1645.10). Still below its monthly 3LB mid. Must have the precious.
Bearish long 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 1.3465).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(233). Failing its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (18.96). New low on daily 3LB (reversal is 18.80).
Hammer day. Now failing all SMA's. Midpoint below EMA(10). Failing its 50.0% retrace (99.04). New low on dally 3LB (reversal is 98.49). Still below the monthly 3LB mid.
Dragonfly doji day (which is usually a reversal in an uptrend). Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (29.92). New low on daily 3LB (reversal is 30.42).
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 48.87).
Spinning top day. Tested and failed SMA(21,144). Midpoint below EMA(10). Failing 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 (reversal is 3.736).
Bullish short day. Failing SMA(55). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 560.28).
Bullish short day. Midpoint below EMA(10). Failing SMA(89). Holding above its 61.8% minor retrace (7.37). New low on daily 3LB (reversal is 8.11).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
12 comments:
2012 Recession Process In Motion
http://www.financialsense.com/contributors/danielle-park/2012-recession-process-in-motion
quote:
"The truth is that the seeds of the incoming cyclical recession were sown in the reckless excess of the stock boom period of the 90′s, and the credit orgy to 2006 (to 2011 in Canada). The economy is not about to blow up. It already did. We are now just moving through the rationalization, deflation and clean up phase. Central banks may continue to intervene, but the weight of the downturn has a gravity born of the dizzying heights of the bubbles before it. No governments or central banks can stop the process of mean reversion. And that is a good thing. The next organic secular boom period can only start after asset prices have been fully wrung out and capital can be efficiently redeployed in productive business ventures rather than extractive financial shell games. Wise investors will get out of harm’s way and let this process unfold in its due course."
"No governments or central banks can stop the process of mean reversion."
They can make it take a long time. In our case, that is depressing because of the direction of the reversion.
Inflation-wary Bank of England to halt money-printing press
http://finance.yahoo.com/news/inflation-wary-bank-england-halt-230511247.html?l=1
By Sven Egenter
LONDON (Reuters) - The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high.
It is amazing that the world is such a big place and that so many different ideas about how to "solve" the debt bubble are voiced..I am still Brer Rabbit..
http://finviz.com/quote.ashx?t=S&ty=c&ta=1&p=d
that 'Buy/Write', on the Weekly, 2.50 Call has been workin'..~
AAIP
It doesn't appear that the market can hold. A lower close s/b in the works right about now.
http://finance.yahoo.com/news/dow-way-breaking-six-day-155423077.html?l=1
Dow on its way to breaking six-day losing streak
US stocks rise after unemployment claims report; tech stocks fall on Cisco warning
...wanted to capture this headline before the close.
Watching TICK and the bulls are buying like crazy to avoid a lower close.
Damn. The headline won't have to get changed LOL.
http://finance.yahoo.com/q?s=vpco.ob
this is the Slam-_______-Dunk "Five Stare"_Lock of the Week..~
ibid.
(yes, note S*rcasm)
I still think that even the the markets closed higher it was a victory the bears. It was a stick save in the final five minutes that led to the higher close.
Nuevo.
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