Creditcane™: Let's get ready to rumble!
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1372.42). New high on daily 3LB (reversal is 1390.99). QE2infinity.
Spinning top day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Still failing SMA(21,55). No daily 3LB changes (reversal is 82.64).
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (18.81). Daily 3LB reversal down (reversal is 20.47).
Spinning top day. Midpoint above EMA(10). Holding above its 61.8% retrace (1605.10). Tested and held SMA(89). No daily 3LB changes (reversal is 1638.90). Must have the precious.
Bearish short day. Midpoint above EMA(10). Still failing SMA(55). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2317).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Now failing its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.33).
Spinning top day. Holding above SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). New high on daily 3LB (reversal is 15.55).
Doji day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (90.23). No dally 3LB changes (reversal is 88.06).
Spinning top 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).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (46.14). New high on daily 3LB (reversal is 44.45).
Spinning top day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7501).
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.540).
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 574.88).
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 61.8% minor retrace (5165.32). No daily 3LB changes (reversal is 4847.73).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
http://www.rttnews.com/1942907/german-industrial-production-decline-worse-than-forecast.aspx?utm_source=rttnews&utm_campaign=popup
German Industrial Production Decline Worse Than Forecast
"With the supposedly ultra-competitive German manufacturing sector in recession, the omens for the rest of the euro-zone economy are extremely worrying", Capital Economics Chief European Economist Jonathan Loynes said.
"Such a weak economic environment will make further fiscal progress in the indebted peripheral economies very difficult indeed," he added.
US 10yr auction 1.680% previous 1.459%. Not the direction the US wants it to go. Means the US interest payments are increasing.
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