Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
-change (above mid)
trend=no
direction=down (2 bars)
low= 163.65
rev= 170.95; mid= 167.30
monthly info new high 168.71
trend=up
high= 168.71; rev= 156.67; mid= 162.69
new high 42.16
trend=up
high= 42.36
rev= 40.57; mid= 41.37
monthly info MONTHLY CONFIRMATION new high 40.48
trend=no; direction=up (2 bars)
high= 40.48; rev= 29.35; mid= 34.92
new high 83.95
trend=up
high= 83.95
rev= 80.27; mid= 82.11
monthly info MONTHLY CONFIRMATION new high 82.42
trend=no; direction=up (2 bars)
high= 82.42; rev= 58.51; mid= 70.47
-change (above mid)
trend=no
direction=down (1 bar)
low= 19.44
rev= 20.81; mid= 20.13
monthly info new high 20.49
trend=up
high= 20.49; rev= 18.21; mid= 19.35
WEEKLY REVERSAL new high 46.21
trend=no
direction=up (1 bar)
high= 46.21
rev= 44.04; mid= 45.13
monthly info new high 45.16
trend=up
high= 45.16; rev= 40.97; mid= 43.07
new high 32.26
trend=up
high= 32.26
rev= 31.59; mid= 31.93
monthly info MONTHLY CONFIRMATION new high 31.73
trend=no; direction=up (2 bars)
high= 31.73; rev= 28.85; mid= 30.29
-change (above mid)
trend=no
direction=down (2 bars)
low= 39.43
rev= 41.94; mid= 40.69
monthly info new high 41.39
trend=up
high= 41.39; rev= 38.09; mid= 39.74
-no change (below mid)
trend=down
low= 36.54
rev= 40.73; mid= 38.64
monthly info -no change (above mid)
trend=up
high= 41.25; rev= 28.91; mid= 35.08
-change (above mid)
trend=no
direction=down (2 bars)
low= 49.22
rev= 51.36; mid= 50.29
monthly info new high 51.02
trend=up
high= 51.02; rev= 46.01; mid= 48.52
-change (above mid)
trend=up
high= 60.72
rev= 57.55; mid= 59.14
monthly info new high 59.37
trend=up
high= 59.37; rev= 54.61; mid= 56.99
-no change (above mid)
trend=up
high= 77.38
rev= 71.98; mid= 74.68
monthly info new high 76.21
trend=up
high= 76.21; rev= 66.09; mid= 71.15
-change (above mid)
trend=down
low= 77.88
rev= 81.28; mid= 79.58
monthly info new high 81.68
trend=up
high= 81.68; rev= 70.39; mid= 76.04
-change (below mid)
trend=no
direction=up (2 bars)
high= 2.96
rev= 2.70; mid= 2.83
monthly info -no change (above mid)
trend=up
high= 3.04; rev= 2.50; mid= 2.77
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
good Charts Amen Ra
those ETF Tracking stocks help tell the current story..
AAIP
Weekly 3LB Update 9/13/13
A nice little vignette from a commenter at the Washington Post after hearing about Larry Summer's withdrawal today:
In the Spring of 2000, my friend and former colleague Zack Exley arrived in Washington, DC, to observe the protests that had engulfed the city during the World Bank's annual meeting. Driving into Washington from the airport, out the window of his taxi he saw "a teenage white girl with long dreadlocks who wore a homemade t-shirt proclaiming: WE NEED A NEW SYSTEM."
Later that evening he attended a party at the home of then-Secretary of the Treasury Larry Summers along with "ambassadors, politicians, esteemed professors and what seemed like the entire combined senior economist staff of the IMF, World Bank and Treasury."
It turned out Larry Summers had seen the girl too and was eagerly telling his guests about an interaction he had with her:
And so I asked the girl: 'What is this new system that you want? Tell me about it!' And the girl had nothing. Nothing! She had no ******* clue what this magical new system was supposed to be. No one is saying that there aren't problems with the world economy the way it is today. But these kids out there -- they don't know what they want!
"Mr. Secretary," said Zack. "You've got 50 economics PhDs in this room who pretty much run the world economy. And you're asking that girl for a better system? Aren't the solutions your job? You admit billions are living in hell, but it's up to that girl to fix it?"
Still can't believe futures are screaming higher just because Summers pulled out of the nomination for the Fed chair. What makes people think he would have stopped the printing? Hell, he would have opened the spigots.
Thanks AAIP.
Gus - Summers made bad investment decisions at all of the positions he held.
New.
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