Nuff said.
Creditcane™: No help from the Fed or ECB allows me to run free.
Bearish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1337.89). QE2infinity.
Bullish short day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(21). No daily 3LB changes (reversal is 83.71).
Bearish long day (probably buying OOM instead). Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 15.45).
Bearish short day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1605.10). Tested and failed SMA(21). No daily 3LB changes (reversal is 1638.90). Must have the precious.
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2071).
Bearish short day (confirmed "possible" hanging man). Midpoint below EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Bearish long day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). No daily 3LB changes (reversal is 14.04).
Bearish long day. Tested and held SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (88.56). New low on dally 3LB (reversal is 90.17).
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).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 61.8% retrace (46.14). No daily 3LB changes (reversal is 46.33).
Bullish short day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7501).
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 50.0% minor retrace (3.359). Daily 3LB reversal down (reversal is 3.540).
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 614.32).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Still failing its 38.2% minor retrace (15.38). No daily 3LB changes (reversal is 15.49).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
http://money.cnn.com/2012/08/02/news/economy/low-pay-jobs/index.htm?iid=HP_MPM
NEW YORK (CNNMoney) -- Stuck in a job with lousy pay? Better get used to it.
Some 28% of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010, according to a study by the Economic Policy Institute.
The study defines low-paying jobs as those with wages at or below what full-time workers must earn to live above the poverty level for a family of four. In 2011, this was $23,005, or $11.06 an hour.
The economy won't support much growth in jobs with higher salaries, said Rebecca Thiess, policy analyst at the left-leaning Economic Policy Institute, who crunched government data to come up with these projections.
NFP 163k +99k
Private 172k +99k
U3 8.3% +.1%
U6 15.0% +0.1
LFPR 63.7 -0.1
Temp 99k +5k
Part time 8246 +36k
Wkly hrs 34.5 +0.0
B/D 52k
May-June Rev -6k
equals no need for QE
Someone explain. With no help from Fed, no "all in" from the ECB and NFP BTE doesn't that mean QE is off the table?
I do believe this move is only good until 11:30 (EU close). It allows EU traders to exit before the weekend.
Until Spain comes begging for help their yields are heading to the stratosphere.
LOL, Mitt already talking about what He's gonna do at the end of his second term...
...and then you have the Obomber, stating what He's done, created 4.5MM jobs since he took office....
show me the numbers!
Unemployment Level
Jan-2009 = 12,049,000
Jul-2012 = 12,794,000
Employment Level
Jan-2009 = 142,187,000
Jul-2012 = 142,220,000
http://data.bls.gov/cgi-bin/surveymost?ln
...fu<k1ng knuckleheads
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