The original crew:
The Fed, ECB, Bank of Japan, Bank of Englandand the new inductees:
Swiss National Bank, Bank of Canada and two new members still being initiated.
Creditcane™: I went to kick in the door at the exchanges and broke both feet.
SPXBullish long day. Midpoint above EMA(10). Tested and held SMA(21,55,89,144). Tested and held the 38.2% retrace (1241.13). New high on daily 3LB (reversal is 1158.67). QE2infinity. Back above weekly 3LB mid but below monthly 3LB mid.
DXYBearish long day (confirmed hanging man). Midpoint above EMA(10). Tested and failed the 50.0% minor retrace (78.43). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Failed to confirm the monthly 3LB reversal up.
VIXDoji day. Midpoint below EMA(10). Tested and failed SMA(144). Failing its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated.
GOLDBullish long day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1716.70). Tested and held SMA(21). No daily 3LB changes (reversal is 1643.50). Must have the precious.
EURUSDBullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 100.0% retrace (1.3350) again. No daily 3LB changes (reversal is 1.3511).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(21,55,89). Tested and held its 38.2% retrace (37.62). Daily 3LB reversal up (reversal is 36.43).
10YR YIELDSpinning top day. Tested and held SMA(21,55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). New high on daily 3LB (reversal is 18.79).
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% retrace (101.74). New high on dally 3LB (reversal is 96.17). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Still failing all SMA's. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).
BKXBullish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Tested and held its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).
HYG/LQDBullish short day. Holding above SMA(21,89). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). New high on daily 3LB (reversal is 0.7466).
USDJPYBearish long day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).
TLTBearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (118.79). Daily 3LB reversal down (reversal is 122.58).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
15 comments:
AmenRa,
re: previous thread/NFLX
yes, I saw that, was why I 'threw that out there..'
~~~
http://www.finviz.com/futures_charts.ashx?t=ZO
'Oats' with a big 'snapback', over the last couple of Days..
AAIP
personally we'll no we are on our way to infinity and recessions banished once the isle of man gets involved
AAA bitches
wow, am I serious
no
know
I just make stuff up
Jetpacks bitchez!
http://www.guardian.co.uk/world/video/2011/nov/28/man-in-jetpack-races-aircraft-video
wow, that was really cool, he even landed on his feet, wasn't sure if those wings would weight him down or not
one time I was in Ceasars Palace in Vegas looking at Breitling watches with a buddy who asked the guy:
"when do these go on sale"
to which he replied
"as soon as you give me a check or a credit card"
quote:
"as soon as you give me a check or a credit card"
LMAO
"as soon as you give me a check or a credit card"
LMAO X2
Wow.
Some shorts took in the pooper today...
I know I've mentioned this before....
But markets that rally "this" sharply are due normally to short covering and are not sustainable.
I'll be looking to re-initiate shorts in the not to distant future.
AT agree, 6 day (21st-29th) inverted H&S is finished, we may go more but did start buying SDS calls today. Been on the right side for a while... using small money, still gunshy from going massively short 1st and 2nd week of Oct. AND not using the 18's!
18's possible reverse prices...
...1294
1244
...1194
...1162
1112
...1071
BinT
Lumber getting kiled this week. Taking out previous lows.
It actually made another new low on the monthly 3LB.
AMZN
MONTHLY REVERSAL new low 192.29
trend=no; direction=down (1 bar)
low= 192.29
rev= 222.52; mid= 207.41
LUMBER
new low 218.20
trend=down
low= 218.20
rev= 260.00; mid= 239.10
NIKKEI
new low 8434.61
trend=down
low= 8434.61
rev= 10546.44; mid= 9490.53
ATHENS
new low 682.21
trend=down
low= 682.21
rev= 1204.15; mid= 943.18
M (Macy's)
new high 32.33
trend=up
high= 32.33
rev= 28.88; mid= 30.61
V (Visa)
new high 96.97
trend=up
high= 96.97
rev= 70.75; md= 83.86
I saw this mentioned somewhere today. The real behind the CB's move was because short term USD funding had dried up in the EU. Many US financial institutions had pulled funds from the EU banks. Any thoughts?
http://www.aclu.org/blog/national-security/senators-demand-military-lock-american-citizens-battlefield-they-define-being
Senators Demand the Military Lock Up of American Citizens in a “Battlefield” They Define as Being Right Outside Your Window
This passed today. Maybe they were told that the financial system is on the verge of collapse and the cops are going to need all the help they can get. "There are no coincidences."
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