...can prevent market melt ups based on bs IMF rumors.
Creditcane™: You are under my spell.
SPXSpinning top day. Midpoint below EMA(10). Failing all SMA's. Failing the 50.0% retrace (1204.50). New low on daily 3LB (reversal is 1216.13). QE2infinity. Now looking to test the 61.8% retrace.
DXYSpinning top day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (78.16). Holding above all SMA's. No daily 3LB changes (reversal is 77.93). Not confirming the monthly 3LB reversal up…yet.
VIXBearish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.
GOLDBullish short day. Midpoint below EMA(10). Failing its 38.2% retrace (1714.40). Still below SMA(21,55,89). No daily 3LB changes (reversal is 1639.80). Must have the precious.
EURUSDBullish short day. Midpoint below EMA(10). Failing all SMA's. Still failing its 61.8% minor retrace (1.3596). No daily 3LB changes (reversal is 1.3707).
JNKBearish long day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% retrace (37.62). New low on daily 3LB (reversal is 38.40).
10YR YIELDBearish short day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). New low on daily 3LB (reversal is 20.01).
WTISpinning top day. Still above all SMA's. Midpoint below EMA(10). Tested and held its 50.0% retrace (97.35). No dally 3LB changes (reversal is 102.60). Not confirming the monthly 3LB reversal down.
SILVERBullish long day. Failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.58).
BKXBearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (36.60). New low on daily 3LB (reversal is 41.97).
HYG/LQDBearish long day. Now failing all SMA'a. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (0.7592). New low on daily 3LB (reversal is 0.7639).
USDJPYSpinning top day. Midpoint below EMA(10). Tested and held SMA(55). Failing its 61.8% minor retrace (77.497). No daily 3LB changes (reversal is 75.70).
TLTBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (118.79). New high on daily 3LB (reversal is 115.88).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
Trading been very slow and lethargic in the energy area this entire week. Not sure you can make heads or tails out of anything witnessed this week.
All the local schools are out tomorrow. I'm expecting tomorrow to be even slower.
Will be camping with friends this weekend, but will be back to post a sunday update.
It's not really "camping" when you're in cabins, but I will be 'thankful' for the TVs....
Looking forward to all the games.
futures been fun tonight....
ben22
Understatement of the year :-)
B22
you short?
I am again, have been, almost made back everything since I got bitch slapped (-5%) going short too early last time... still kind of feeling we may get a little Xmas rally but that feeling has been fading.
Dexia looking to renegotiate terms. HSBC China PMI drops to 48.
@Andy
Happy CAMP/CABIN-ing...
I won't need a TV (well - at least after dinner)...
I've decided I'll be at M&T Bank Stadium Thanksgiving Night...
Futures look like bears will be eating turkey with a side dish of bull for Thanksgiving.
you know, for this Week to be weak should be telling..
~usually, it is ramped into T-Day, and, if, sold on Friday..
thining AmenRa has it Correct, here: "Futures look like bears will be eating turkey with a side dish of bull for Thanksgiving."
past that, there seem to be some 'problems' afoot..
Euro-landia Cash Crunch..
and, MF Global Cash Grab, as, but, two..
AAIP
AAIP,
it is telling, in that those things that are always repeated over and over again
thanksgiving week is up, the monday after is down
are merely tendencies, they dont "mean" anything.....
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