Creditcane™: The longer you wait the worse it will be.
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held the 38.2% minor retrace (1372.42). New high on daily 3LB (reversal is 1341.45). QE2infinity.
Bullish short day. Midpoint below EMA(10). Now failing the 0.0% retrace (83.61). Still above all SMA's. No daily 3LB changes (reversal is 83.57).
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (18.81). New low on daily 3LB (reversal is 17.98).
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Tested and failed SMA(21). No daily 3LB changes (reversal is 1634.20). Must have the precious.
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.2272). No daily 3LB changes (reversal is 1.2206).
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (39.62). New high on daily 3LB (reversal is 39.48).
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 16.25).
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (89.91). New high on dally 3LB (reversal is 87.98).
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% retrace (46.14). No daily 3LB changes (reversal is 44.46).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7711).
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 592.52).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
Initial claims back on its upward trajectory. Spain 10yr back over 7%. MS misses big.
YGBFKM: http://finance.yahoo.com/blogs/breakout/handipcapping-qe3-move-bernanke-120828245.html?l=1
Handicapping QE3: What Will it Take to Move Bernanke?
With the market at these levels Bernanke will not move. You'd think they would have figured this out by now.
Starting from the low on 6/4/12 on a daily chart. Is this the fifth leg up using EW? Should the three legs down start after this?
Ra,
Its' not an implusive formation so no fifth wave likely
I like neely's count instead, first leg of an expanding triangle as part of a more complex wave structure, this first leg is common in those types of triangles due to the grinding nature of how it has begun, ....we should take out the april highs later this year if this is correct, and probably above that
New thread.
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