Morning Corner 12.7.11

KEBID (weekly info)
-no change (below mid)
direction=down (1 bar)
low= 22.75
rev= 31.63; mid= 27.19

The KEBID (EU Large Cap Bank) is struggling this week after last weeks big move (hopium). It's still below all SMA's. it's below the 38.2% minor retrace. It's below the weekly 3LB mid. Expect last weeks move to be eradicated when the EU Summit fails to deliver (again).

GOLD (weekly info)
-no change (below mid)
direction=down (2 bars)
low= 1626.00
rev= 1880.60; mid= 1753.30

Gold is trying to hold its 50.0% minor retrace (1700.20). It's still above SMA(13). It's failing the weekly 3LB mid (for now). Doesn't appear ready to go down just yet.

Double Vision by ARCIMBOLDO


QQQQ said...


SPX, 30min, last 15 days or so, cup-n-handle?

AmenRa said...


It's not the pattern that matters but the rumor that is manufactured.

Andy T said...

Was out last night at Holiday parties and hosting big dinners....

Treasures seemed really slow...maybe it was because it was Tuesday night.

BinT said...

By the way, today Iceland reported a 4.3% Q/Q increase in GDP and a 3.7% increase Y/Y....

...Perhaps we can borrow some money from them...

BinT said...

Declining output in Norway, Denmark, Italy, Belgium and other areas of Europe today..see above...

Anonymous said...

Quotage (sans Link..)

"God who gave us life gave us liberty.
And can the liberties of a nation be thought secure
if we have removed their only firm basis:
a conviction in the minds of men
that these liberties are the gift of God?
That they are not to be violated but with His wrath?
Indeed, I tremble for my country when I reflect that God is just;
that His justice cannot sleep forever."
-- Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President


Anonymous said...

these "Fierce-" sites I find to be worthwhile..

and, with:

it's funny to compare that type of 'development', with peep, still, heard bleating about "Grandma on CatFood"..

as an aside, flippin' "CatFood" is, often, more expensive than 'Chef Boyardee'..


AmenRa said...

No mas. You can't stop the final hour rumor mills. Bastids. This implosion will be epic.

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