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Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
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Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1556.77). New high on daily 3LB (reversal is 1544.26). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
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Bearish short day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 82.28).
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Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 0.0% retrace (11.50). New low on daily 3LB (reversal is 13.06).
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Bullish short day. Midpoint above EMA(10). Still failing its 61.8% retrace (1609.30). Tested and held SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.
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Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3056).
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Bullish short day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (40.58). New high on daily 3LB (reversal is 40.92).
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Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).
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Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (93.12). Dally 3LB reversal up (reversal is 90.12).
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Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
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Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (57.22). New high on daily 3LB (reversal is 56.27).
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Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7783).
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Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.692). No daily 3LB changes (reversal is 3.493).
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Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 450.50).
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Bullish long day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 50.0% retrace (547.13). New high on daily 3LB (reversal is 544.79).
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IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
http://www.zerohedge.com/news/2013-03-14/ubs-great-rotation-much-ado-about-nothing
If the Fed and Global CB's hold the majority of UST's then who actually is rotating out of bonds into equities?
The determination to make new highs on the SPX is unstoppable. Just get it over with and let the new sheep get sheered.
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