Creditcane™: The Creditcane signal has appeared in the sky. Time to suit up.
SPXSpinning top day. Midpoint above EMA(10). Tested and held SMA(55). Well above the 61.8% minor retrace (1168.03). No daily 3LB changes (reversal is 1200.07). QE2infinity. Still above the daily 3LB mid and failed test of the weekly 3LB mid.
DXYBullish harami day. Midpoint below EMA(10). Failing the 61.8% minor retrace (78.16). Tested and failed SMA(21). No daily 3LB changes (reversal is 79.60). Still confirming the monthly 3LB reversal up.
VIXBearish short day. Midpoint below EMA(10). Failing SMA(55). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 50.0% retrace (1651.50). Tested and held SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDHanging man day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (1.3657). New high on daily 3LB (reversal is 1.3217).
JNKBearish harami day. Midpoint above EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (36.62). No daily 3LB changes (reversal is 35.34).
10YR YIELDSpinning top day. Tested and failed SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (21.37). New high on daily 3LB (reversal is 20.16).
WTIDoji day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (85.62). New high on dally 3LB (reversal is 82.59). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBullish short day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 50.0% minor retrace (37.51). New high on daily 3LB (reversal is 35.40).
HYG/LQDBearish short day. Failing SMA(55). Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7241).
USDJPYSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
30YR BONDBullish harami day. Midpoint below EMA(10). Tested and held the 61.8% minor retrace (139.442). No daily 3LB changes (reversal is 146.062).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
5 comments:
On Tuesday October 11, 2011, 6:24 pm
BRATISLAVA, Slovakia (AP) -- Slovakia's Parliament rejected a key euro bailout bill Tuesday, threatening Europe-wide efforts to ease a debt crisis that is threatening the global economy. The vote triggered the collapse of the government, but the outgoing prime minister and her main opponent both said they would now work to approve the bill quickly.
The agreement to talk came shortly after parliament voted against an expanded euro bailout fund -- a vote that Prime Minister Iveta Radicova had tied to a confidence measure. Parliament is scheduled to convene again Thursday, but it is not clear when another vote might be held.
The eyes of officials and investors around the world are on the small central European country, because expanding the fund requires the approval of all 17 countries that use the euro currency. Sixteen countries have already approved, and now Slovakia -- with a population of just 5.5 million people -- holds in its hands the fate of a measure that will affect all Europe, and by extension, the global economy.
But the statements of the country's leading politicians late Tuesday left little doubt the Slovakian Parliament will approve the measure soon.
"We decided that we have to do it as soon as possible," Radicova said after announcing her party will hold talks with the primary opposition party, led by former Prime Minister Robert Fico.
Fico took much the same line.
"Slovakia has to approve the fund," he said.
http://finance.yahoo.com/news/Slovakian-politicians-work-apf-1181339657.html?x=0
the flippin' Dude's name is "FICO" ??
zounds..from Novels, you'd never believe it..
AAIP
http://www.financialsense.com/contributors/lee-adler/2011/10/11/foreign-central-banks-selling-us-treasuries-at-unprecedented-levels
Foreign central banks and primary dealers selling treasuries...
AAIP
Ever wonder why an elephant is afraid of a mouse?
AmenRa,
on occasion, with little Satisfaction..
though, pray tell?
ibid.
AAIP
It was a reference to EU vs Slovakia.
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