"So...when is dinner served?"
Creditcane™: CAVEAT EMPTOR.
Hanging man day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1401.35). QE2infinity.
Bearish short day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Tested and failed SMA(55). No daily 3LB changes (reversal is 82.21).
Inverted hammer day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (14.27). New low on daily 3LB (reversal is 15.32).
Bearish long day. Midpoint above EMA(10). Holding above its 61.8% retrace (1605.10). Tested and failed SMA(89). No daily 3LB changes (reversal is 1638.90). Must have the precious.
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2417).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.33).
Bullish short day (didn't close gap). Still failing SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). No daily 3LB changes (reversal is 15.77).
Spinning top day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (90.23). No dally 3LB changes (reversal is 88.06).
Bearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).
Bearish short day (dragonfly doji?). Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). No daily 3LB changes (reversal is 46.48).
Spinning top day. Tested and held SMA(55). Midpoint above EMA(10). Still failing its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7501).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (3.359). No daily 3LB changes (reversal is 3.540).
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). New high on daily 3LB (reversal is 574.97).
Spinning top day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 38.2% retrace (40.13). No daily 3LB changes (reversal is 40.29).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
not a jetpack, but still awesome:
http://news.yahoo.com/blogs/lookout/military-test-hypersonic-jet-could-zip-across-u-181638605.html
b22
Best comment on the article: "It'll take longer to check in than the actual flight."
lol Ra
Maybe the key is to get on that one with a baby...then you get in line first.
:-)
The last time the VIX was this low was March 2012 and June 2007.
Ra,
I wouldn't be shocked at all to see the VIX even lower before year end:
http://allstarcharts.com/tell-me-again-why-cant-the-vix-go-lower-from-here/
b22
Most are probably using OOM options so the more accurate reading might be SKEW.
Retail sales. For July since 1992 there have been only three times that SA has been higher than NSA. If you go back to 2002 this would be the first time that SA has been higher than NSA. Coincidence? Election year? The average difference over 20 years (1992 to 2011) is +/- 4160 (in millions). So w/o the fudge factor SA should be 397828 or -0.712% MoM and +2.55% YoY instead of +0.81% MoM and +3.46 YoY.
Ra,
maybe. though, I think when other data is considered outside the VIX it is awfully hard to claim that sentiment is in any way overly bullish right now, or that investors are somehow extremely complacent. I"m not seeing that in much of anything else I follow, VIX aside.
It gets to a point where seeing the same thing happen in the final thirty minutes over and over again will drive one nuts. That is all.
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