"Why do you continue to try and free the man in the funny red suit?"
Creditcane™: Who at the NYSE keeps praying to the Theoi Ouranioi?
SPXBullish long day (another hanging man freed). Midpoint above EMA(10). Holding above SMA(144). Holding above the 38.2% retrace (1241.13). New high on daily 3LB (reversal is 1211.82). QE2infinity. Still above weekly 3LB mid and now above the monthly 3LB mid.
DXYSpinning top day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (79.38). Still above all SMA's. No daily 3LB changes (reversal is 79.14). Confirming the monthly 3LB reversal up.
VIXBullish short day. Midpoint below EMA(10). Failing all SMA's. Now failing its 38.2% minor retrace (21.62). New low on daily 3LB (reversal is 24.29). The grip of the "fear" zone has been eliminated (for now).
GOLDBearish short day. Midpoint below EMA(10). Holding above its 61.8% retrace (1592.30). Holding above SMA(233). No daily 3LB changes (reversal is 1802.90). Must have the precious.
EURUSDDoji day (indecision or fear?). Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (1.3022). No daily 3LB changes (reversal is 1.3252).
JNKSpinning top day (evening star forming?). Midpoint above EMA(10). Holding above SMA(144). Still above its 50.0% retrace (38.24). New high on daily 3LB (reversal is 37.87).
10YR YIELDSpinning top day. Failing SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
SILVERBearish short day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (29.76). No daily 3LB changes (reversal is 30.05).
BKXBullish long day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 40.05).
HYG/LQDDoji day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7693).
AUDJPYSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and failed the 38.2% retrace (0.7841). No daily 3LB changes (reversal is 0.8231).
DJ TRANS AVGBullish short day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (4966.03). New high on daily 3LB (reversal is 4946.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
"Just a little bit more and I can make a run for it."
17 comments:
This is the 8th week after the weekly 3LB reversal up. Will this failure to make a new high on the fibonacci week be the straw? Or will we have to wait for week 13?
Gold support appears to be SMA(55) on the weekly chart. So no reason to fear the move lower just yet.
BAC is pleased that the holiday season is also a low volume melt up in the markets. Any excuse to stay above $5.
This rally is also helped by the fact that the EU leadership has been bound and gagged this week. Outside of Draghi not a peep.
http://www.ecb.int/mopo/implement/omo/html/index.en.html
ECB Open Market Operations
some highlights (in euros):
1) MRO (Main Refinancing Operation) - 12/21/11 - 7 days - $169.024B @ 1%
2) LRTO - 12/22/11 - 98 days - $29.7407B @ ???%
3) LTRO - 12/22/11 - 1134 days - $489.19075B @ ???%
(non-euro)
4) USD - 12/8/11 - 24 days - $50.685B @ 0.59%
5) USD - 12/22/11 - 14 days - $33.0037B @ 0.57%
***that's over 80 billion in two weeks***
My question is who needed $169B for 7 days @ 1%?
Found it. There were 146 banks in need.
Thanks Ra, hope the management has noticed all the little extras you do, might want to ask for a raise next year!
this guy, has some very low predictions for DJIA next year, gold too.
BULLISH SENTIMENT TUMBLES, so does bearish sentiment, but neutral jumps 11.9 percentage points.
maybe you support the occupy movement... now you can show it.
waterfall decline... hmmm...
"Big Picture on Stocks (Updated) – We bottomed the first phase of a global bear market on 10/4 and we are in a large corrective rally that has morphed into a contracting triangle on the daily chart. We believe that this triangle will break hard to the downside in a 3rd wave down after the 12/26 New Moon Timing Window."
2012 stock market predictions
SPX... 1400 before 700-900
QQQQ
That line looks ominous if it plays out.
It's good for your digestive tract, Assists the immune system, Pain reliever and reduces inflammation, It helps you time the stock market better
ok, i made up that last sentence. If you mixed this with the acai berry, damn, you'd feel like superman! No?
Ra, you ever sleep?
QQQQ
Sometimes :-)
well, maybe... food for thought
done surfing, now todo the real important stuff
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