Creditcane™: I'm vacationing in Europe. I'll be touring Spain, Portugal, France and Greece (again).
SPXBearish long day. Midpoint above EMA(10). Held SMA(55). Tested and failed the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1099.23). QE2infinity.
DXYBullish long day. Midpoint below EMA(10). Failing the 61.8% retrace (77.27). Failing SMA(21). No daily 3LB changes (reversal is 79.43). Not confirming the monthly 3LB reversal up.
VIXBullish long day. Midpoint below EMA(10). Held SMA(89). Failing its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Ran back to the "fear" zone.
GOLDBearish short day. Midpoint above EMA(10). Holding above its 50.0% retrace (1651.50). Tested and held SMA(21). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDBearish long day. Midpoint above EMA(10). Held SMA(21). Tested and failed its 61.8% retrace (1.3903). No daily 3LB changes (reversal is 1.3415).
JNKSpinning top day. Midpoint above EMA(10). Held SMA(21). Failing its 38.2% minor retrace (37.52). No daily 3LB changes (reversal is 35.65).
10YR YIELDBearish long day. Held SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (22.11). No daily 3LB changes (reversal is 20.76).
WTIBearish thrusting day. Held SMA(55). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (87.30). No dally 3LB changes (reversal is 82.98). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% minor retrace (36.60). Daily 3LB reversal down (reversal is 38.93).
HYG/LQDSpinning top day (confirmed hanging man). Held SMA(55). Midpoint above EMA(10). Held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7513).
USDJPYBearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
COPPERDark cloud cover day. Midpoint above EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (3.393). No daily 3LB changes (reversal is 3.273).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
http://online.wsj.com/article/SB10001424052970204774604576631333856825052.html?mod=ITP_moneyandinvesting_4
"Bursts of enthusiasm aren't uncommon in bear markets. But they should be watched with caution."
BinT
After the German Finance Minister said there's no miracle cure for EU woes, the bulls knew they needed oto lock the fence to keep the bears out. That would also mean that the G20 meeting is for naught. The market may start to reflect that reality before the weekend.
http://www.hussmanfunds.com/wmc/wmc111017.htm
Europe: Just Getting Warmed Up
Well worth the read.
Thanks for the linkage to Hussman.
"ben22 said...
as I'm to understand it the sales tax would not apply to used goods
CV has talked a lot in the past about "underground markets" in Europe.....one could actually envision more good than bad coming out of a system like that, for starters, I'd bet you'd be seeing a lot less electronic equipment in the dump that still works...."
BINGO.
Wha?! A more efficient and less wasteful society? Say it isn't so....
@Andy (7:53)
(Re: 'underground markets' - Europe or, basically 'wherever')...
For anybody willing to get their testas out of their culos for just a few moments...
There are black markets for just about anything...
http://www.washingtonpost.com/local/cooking-oil-theft-arlington-police-charge-two-with-increasingly-common-crime/2011/10/13/gIQA3SsSiL_story.html
---
The entrepeneurial spirit is alive, well, & thriving...
Only problem is... Most miss most of the action because they waste their time buried in...
- political discussions
- stock charts
- Apple gizmos
Not that there's anything wrong with that...
TIDBIT
The 'sharps' (Vegas) are all over the Dolphins tonight... I WANNA GO THERE (really do)... But it's a non-starter 4 me...
I can't rightfully go with OTHERS telling me which way to go...
So I'm OFF this evening... I'm just waiting for Reggie Bush to come in score a brazillion fantasy sports because some coach from the 'card section' got into the owners ear... :-)
I keep getting asked about 999 in meetings, just had a 5 and a 6:30 and both of them brought it up
so whether the establishment likes it or not more and more people are at least paying attention to Cain
I knew once I saw him pissing so many people off I had better start paying closer attention to him
no politician is going to be perfect, generally though, he seems pretty solid to me on the surface
"Wha?! A more efficient and less wasteful society? Say it isn't so...."
AT, for starters, think about how many plastic bottles that wouldn't likely just be thrown out under that system...
AT,
you made the point that krugman finds Koch's economic ideas of lesser value than say, his own.
I'm curious, does anyone know any examples of Krugmans students that have gone on to have good (great) business success?
http://www.youtube.com/watch?v=oTZ0idRGDjc&feature=player_embedded#!
Joe Gilliam: What Could Have Been But Never Was
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