"You want me at your party. You need me at your party. You dream of me. Stop denying yourself."
Creditcane™: Write about my wrath in your memoirs.
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 1394.23). QE2infinity.
Bullish long day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(55). Daily 3LB reversal up (reversal is 82.21).
Inverted hammer 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 20.47).
Bullish short 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 long day. Midpoint above EMA(10). Still failing SMA(55). Holding above its 0.0% retrace (1.2154). Daily 3LB reversal down (reversal is 1.2417).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Still failing its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.33).
Spinning top day. Tested and failed SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). New high on daily 3LB (reversal is 15.77).
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).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). New high on daily 3LB (reversal is 45.91).
Bearish short day. Tested and failed SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (0.7678). New high on daily 3LB (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).
Bullish short 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).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
"You want me at your party. You need me at your party. You dream of me. Stop denying yourself."
RA, I'll join the party... started buying puts today. Up against my high of the year guess of 1406... again.
AmenRa said...
US 10yr auction 1.680% previous 1.459%. Not the direction the US wants it to go. Means the US interest payments are increasing.
http://www.usdebtclock.org/
Normally you look at the debt clock just for the raw numbers, but as far as spending, now the payment on debt is greater than all federal pensions, and more than a third of SS...
Large deficits X time = Insolvency.
Spain 10yr back to 6.90%. Going to be a rough weekend for them. Lots of jawboning.
Weekly 3LB Update 8/10/12
Another day and another squeeze to close out the day.
Spain 10yr 6.842% (-.065). Not much relief there.
Japan GDP QoQ 0.3%, previous 1.2%, consensus 0.6%
Annualized 1.4%, previous 4.7%, consensus 2.5%
Whoops.
Weekends over. New thread.
Merkel's back. Draghi hiding under the table.
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