"O' QE how I love thee. Let me count the ways..."
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Tested and held the new 0.0% retrace (1432.12). New high on daily 3LB (reversal is 1399.48). QE2infinity.
Bearish long day. Midpoint below EMA(10). Still failing the 61.8% minor retrace (81.51). Tested and failed SMA(144). New low on dally 3LB (reversal is 81.25).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (18.81). New low on daily 3LB (reversal is 17.98). Now below monthly 3Lb reversal price.
Bullish long day. Midpoint above EMA(10). tested and held its 38.2% retrace (1730.90). Still above all SMA's. New high on daily 3LB (reversal is 1687.60). Must have the precious.
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (1.2750). New high on daily 3LB (reversal is 1.2582).
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 61.8% minor retrace (40.10). Daily 3LB reversal up (reversal is 39.86).
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 15.62).
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (95.94). No dally 3LB changes (reversal is 97.26).
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.15). New high on daily 3LB (reversal is 31.44).
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 38.2% minor retrace (49.1). New high on daily 3LB (reversal is 46.89).
Bullish short day. Tested and failed SMA(144). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7738).
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144,233). Holding above its 61.8% minor retrace (3.430). Daily 3LB reversal up (reversal is 3.297).
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its new 0.0% retrace (680.87). New high on daily 3LB (reversal is 668.87).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
Weekly 3LB Update 9/7/12
Bears win! Maybe next time Andrew (un)Luck(y).
Is Robert Griffin III the real deal? Redskins might be playoff bound.
This will not end well:
http://finance.yahoo.com/news/lawmakers-push-increase-white-house-155605119.html?l=1
Lawmakers Push to Increase White House Oversight of Financial Regulators
Financial regulators may face a new obstacle in their efforts to police Wall Street.
Lawmakers are pushing a bill that could curb the influence of the Securities and Exchange Commission, the Commodity Futures Trading Commission and other regulators, according to Congressional staff members and government watchdog groups.
The measure, which a Senate committee is planning to debate this month, aims to empower the president in the rule-writing process. The proposal would allow the White House to second-guess major rules and mandate that agencies carefully study the economic effects of new regulation. The change could, in effect, delay a number of rules for the financial industry.
Some legal experts say the White House already has ample authority to impose such demands on independent agencies like the S.E.C. But critics say that the bill would stymie financial reform and threaten the autonomy of regulators that operate outside the presidential cabinet.
"Those who support preserving the status quo where Wall Street regulates itself will find much to like in this legislation," said Amit Narang, a regulatory policy advocate at Public Citizen, a nonprofit government watchdog group.
The bill, introduced in the Senate last month, would offer a path to challenge the Dodd-Frank law, the sprawling regulatory overhaul passed in the wake of the 2008 financial crisis. Regulators have already encountered significant delays as the financial industry mounts legal challenges to the law.
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