Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed the 50.0% minor retrace (1613.34). No daily 3LB changes (reversal is 1651.81). QE2infinity. Still failing trend line and RSI(14) below 50.
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Now above all SMA's. New high on dally 3LB (reversal is 82.44).
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 16.30).
Spinning top day. Midpoint below EMA(10). Tested and failed its 0.0% retrace (1221.00). Still failing all SMA's. New low on daily 3LB (reversal is 1277.10). Must have the precious.
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 38.2% retrace (1.3151). No daily 3LB changes (reversal is 1.3146).
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 38.2% retrace (39.54). No daily 3LB changes (reversal is 39.97).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.19).
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.30). No dally 3LB changes (reversal is 98.67).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (19.42). New low on daily 3LB (reversal is 19.85).
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Still failing its 0.0% retrace (62.49). No daily 3LB changes (reversal is 61.80).
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.8010).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (3.042). No daily 3LB changes (reversal is 3.380).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (406.99). Still failing BB(2,200). New low on daily 3LB (reversal is 413.50).
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 50.0% minor retrace (30.83). No daily 3LB changes (reversal is 31.99).
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,144). Still failing its 0.0% retrace (99.60). No daily 3LB changes (reversal is 99.51).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
EOM is one thing. Now combine that with EOQ and you have a bear killer. Also add in MF who have to get in positions 3+ days. Head spinning at all of the fireworks.
Read the commentary on GDP at Consumer Metrics Institute
quote:
"And we continue to note the one truly serious domestic issue within the data:
-- Real per capita disposable incomes took yet another hit. The astonishing annualized contraction of real per capita disposable income has now reached -9.21% -- dwarfing the -7.52% contraction rate recorded in the first quarter of 2009 (the worst quarterly contraction recorded during the official duration of the "Great Recession").
From time to time we may quarrel with the quality of the BEA's deflaters. And frankly we may even find that at face value the lackluster numbers amount to nothing more than a sham "recovery." But the most shocking part of this report is glaringly obvious from the real per capita disposable income numbers: all of the unprecedented fiscal and monetary stimulus has left American households materially worse off than they were two years ago."
Just when you thought the bulls were going to pull it off...BAM! Hard selling into the close.
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