...can prevent market meltups based on unfounded rumors.
Creditcane™: I'm still vacationing in Europe. Don't listen to what they say. Watch what they do.
SPXBullish long day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and held the 50.0% retrace (1204.58). New high on daily 3LB (reversal is 1119.46). QE2infinity.
DXYDoji day. Midpoint below EMA(10). Tested and failed the 61.8% retrace (77.27). Failing SMA(21). No daily 3LB changes (reversal is 79.43). Not confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint below EMA(10). Held SMA(89). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Couldn't escape the "fear" zone.
GOLDBearish short day. Midpoint below EMA(10). Tested and held its 50.0% retrace (1651.50). Tested and failed SMA(21). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDDoji day. Midpoint above EMA(10). Held SMA(21). Failing its 61.8% retrace (1.3903). No daily 3LB changes (reversal is 1.3415).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (37.62). New high on daily 3LB (reversal is 37.04).
10YR YIELDBullish short day. Held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 20.76).
WTIBullish long day (confirmed bearish thrusting). Held SMA(55). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (87.30). New high on dally 3LB (reversal is 85.65). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Failing all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 38.93).
HYG/LQDBullsih short day (possible 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).
USDJPYDoji 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).
EEMBullish short day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 61.8% minor retrace (38.06). No daily 3LB changes (reversal is 34.36).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
some people might be interested in reading this:
https://self-evident.org/?p=932
"I have received a number of emails from people (mostly those familiar with my thesis that, generally speaking, state and local governments are experiencing policy crises, and not debt crises) requesting that I explain Harrisburg, Pennsylvania’s Chapter 9 bankruptcy filing.
I do not think anyone would dispute that Harrisburg is involved in a bona fide debt crisis. Harrisburg’s situation, however, is not typical of government borrowers in the municipal bond market. Of course, the only way to make this point clear is to go into detail about how Harrisburg landed itself in financial distress. So let me tell you a story. (My fascination with project finance is endless, so you might want to get comfortable.)....
ben22
Interesting article. Harrisburg messed up because they threw the necessary steps out of the window.
AmenRa....
The Smokey the Bear and slogan are instant classics.....
Please keep those in the arsenal....
Awesome
Amazing how the sp500 runs into speed bumps and the major fibbo moving averages...
Ben.
The good news in fantasy football is that two of my top scoters from last week are on byes. The bad news is that half your team is on bye.
There's a lot of luck involved in FF....if your number one pick goes down with injury....it gets real rough.
http://www.zerohedge.com/contributed/federal-reserve-and-bank-america-initiate-coup-dump-hundreds-billions-dollars-losses-ame
Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer
http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html
BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit
BAC moved the derivatives to the part of the bank that is insured by the FDIC (aka the tax payers).
Ra.
Now you know why true blue Libertarian types don't really back things like the FDIC.
It gives people a "false sense of security" ... Why is the FDIC insuring some of this SHIT?
Andy T
Actually the FDIC wants BAC to move it back. The Fed wants it to stay. There's no way the FDIC can handle it if it blows up.
yes, the FDIC is FOS.
it, too, needs to Go..far, away...
AAIP
We should read, more of, 'The Founders'..
LSS: We shant coddle 'Idiots', lest We become like them..Gold & Silver Coin allows "Savings" for those without the Will, or the Wit, to deal with the Vicissitudes of Paper..
http://www.thefreedictionary.com/vicissitude
AAIP
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