Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1463.76). No daily 3LB changes (reversal is 1432.12). QE2infinity.
Spinning top day. Midpoint below EMA(10). Holding above the 50.0% retrace (78.72). Still failing all SMA's. No dally 3LB changes (reversal is 79.89).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Now failing its 0.0% retrace (14.27). New low on daily 3LB (reversal is 14.60).
Doji day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Still above all SMA's. No daily 3LB changes (reversal is 1705.60). Must have the precious.
Spinning top day (evening star not confirmed). Midpoint above EMA(10). Still above all SMA's. Now failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2870).
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.38).
Spinning top day. Tested and failed SMA(144). Midpoint above EMA(10). Still failing its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 16.82).
Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% retrace (95.94). Dally 3LB reversal down (reversal is 99.33).
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.15). No daily 3LB changes (reversal is 32.41).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 49.29).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7645).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.688).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its new 0.0% retrace (702.33). New high on daily 3LB (reversal is 691.28).
Bullish long day. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (22.79). New high on daily 3LB (reversal is 18.06).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Japan's exports down 5.8% in August...They are joining a rather large club.
China PMI (HSBC) 47.8 prev 47.6
France PMI (Mfg) 42.6 prev 46.0
France PMI (Serv) 46.1 prev 49.2
Germany PMI (Mfg) 47.3 prev 44.7
Germany PMI (Serv) 50.6 prev 48.3
EMU PMI (Mfg) 46.0 prev 45.0
EMU PMI (Serv) 46.0 prev 47.2
Spain 10yr auction 5.667% prev 6.647%
Spain 3yr auction 3.845% prev 3.676%
US Initial Claims 382k, consensus 375k, prev 385k (revised from 382k)
We are also below the 50% retrace of the post FOMC move in the markets.
http://www.ritholtz.com/blog/2012/09/mbia-accuses-bear-stearns-jpm-of-intentionally-concealing-mortgage-due-diligence-data/
MBIA Accuses Bear Stearns (JPM) Of Intentionally Concealing Mortgage Due Diligence Data
Bear Stearns altered excel files to remove data showing loans were bad. MBIA bought these loans not knowing their true value.
Damn that's shady.
@Hoffer,
if reading this
how long ago was it that we were looking at bottom in S
that stocks been hot
New.
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