"That one left a mark."
Creditcane™: All you did today was make matters worse.
SPXBullish long day (confirmed inverted hammer but did so on rumors). Midpoint below EMA(10). Still failing all SMA's. Tested and held the 61.8% retrace (1168.03). No daily 3LB changes (reversal is 1192.98). QE2infinity. Back above daily 3LB mid but still below weekly & monthly 3LB mids.
DXYDoji day. Midpoint above EMA(10). Failing the 100.0% retrace (79.60). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Still confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Failing its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.
GOLDBullish long day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1714.40). Tested and failed SMA(55). No daily 3LB changes (reversal is 1639.80). Must have the precious.
EURUSDBullish short day (possible bullish harami). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 100.0% retrace (1.3350) again. No daily 3LB changes (reversal is 1.3511).
JNKBearish short day (confirmed morning star). Midpoint below EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (36.86). No daily 3LB changes (reversal is 37.63).
10YR YIELDBearish long day. Tested and failed SMA(21,55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 19.94).
WTISpinning top day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (97.35). No dally 3LB changes (reversal is 99.38). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).
BKXBullish short day (confirmed bullish harami). Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% minor retrace (36.60). No daily 3LB changes (reversal is 40.05).
HYG/LQDSpinning top day (confirmed bullish harami). Failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7619).
USDJPYSpinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).
COPPERBullish short day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 38.2% minor retrace (3.316). No daily 3LB changes (reversal is 3.374).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
@CV,
was just leaving the gym, couple kids coming out right in front of me and they pass by some other guys
other guys: "you guys aren't playing basketball tonight?"
guys in front of me: "man, they got zumba tonight, both courts are full, it's packed in there"
other guys: "I hate zumba, lets come back at 8:30 when its over"
lol, thought of you right away
cv--, McB,
did you see this "Wired" article, on Bitcoin, that Ritholtz posted?
http://www.wired.com/magazine/2011/11/mf_bitcoin/all/1
ibid.
snippage, from art. ..
"...Even the purest technology has to live in an impure world. Both the code and the idea of bitcoin may have been impregnable, but bitcoins themselves—unique strings of numbers that constitute units of the currency—are discrete pieces of information that have to be stored somewhere. By default, bitcoin kept users’ currency in a digital “wallet” on their desktop, and when bitcoins were worth very little, easy to mine, and possessed only by techies, that was sufficient. But once they started to become valuable, a PC felt inadequate. Some users protected their bitcoins by creating multiple backups, encrypting and storing them on thumb drives, on forensically scrubbed virgin computers without Internet connections, in the cloud, and on printouts stored in safe-deposit boxes. But even some sophisticated early adopters had trouble keeping their bitcoins safe. Stefan Thomas had three copies of his wallet yet inadvertently managed to erase two of them and lose his password for the third. In a stroke, he lost about 7,000 bitcoins, at the time worth about $140,000. “I spent a week trying to recover it,” he says. “It was pretty painful.” Most people who have cash to protect put it in a bank, an institution about which the more zealous bitcoiners were deeply leery. Instead, for this new currency, a primitive and unregulated financial-services industry began to develop. Fly-by-night online “wallet services” promised to safeguard clients’ digital assets. Exchanges allowed anyone to trade bitcoins for dollars or other currencies. Bitcoin itself might have been decentralized, but users were now blindly entrusting increasing amounts of currency to third parties that even the most radical libertarian would be hard-pressed to claim were more secure than federally insured institutions. Most were Internet storefronts, run by who knows who from who knows where...."
AAIP
aaip,
I haven't been to fuzzy's in a minute, just sort of stopped going there recently, but thanks very much for that link, only skimmed it so far, there's a lot there
just my simple opinion that this is the future of "money", not nec. bitcoin, but the concept, maybe thats a very distant future, time will tell
this is the future of "money"
McB,
yes, I tend agree..
if you recall "Running Man" (Movie, w/ Ahnold, and Richard Dawson) ... "Credits" were the 'Coin of the Realm'..
now, Today, with (sp-)iPhone 'technology'--pocket-sized, serious, Computing Power + GPS -- it doesn't take, much, imagination to see one's (sp-)iPhone become the, only, 'Approved' Gateway to Travel/Commerce, in other 'definitions'="Currency" ...
get the 'SmartGrid', or some vague semblance thereof, powered-up, and you could, based on the 'info' on, or not, one's (sp-)iPhone..pretty much make sure that the PNG (persona non grata) froze in the Dark/baked in the Heat of the Noonday Sun..
to say nothing of being DK'd, at Wally-World, trying to 'buy' a barrel of Cheez Doodles..
LSS: Collective Ignorance leads to Dystopia(s)
AAIP
I see rumba posters all over my LA Fitness
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