"It's too late. There is no escape."
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1459.99). QE2infinity. Still below the trend line and also below the lowest trend line.
Bearish short day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Holding above SMA(21). No dally 3LB changes (reversal is 80.10).
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(144). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 14.05).
Spinning top day. Midpoint below EMA(10). Still failing its 38.2% retrace (1730.90). Tested and failed SMA(55). No daily 3LB changes (reversal is 1737.60). Must have the precious.
Spinning top day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2862).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).
Bearish short day. Still above all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (87.97). No dally 3LB changes (reversal is 91.84).
Spinning top day. Still failing SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 32.74).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 51.64).
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7800).
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (3.673). New low on daily 3LB (reversal is 3.569).
Bearish short day. Tested and failed SMA(144). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (612.20). New low on daily 3LB (reversal is 628.10).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 61.8% minor retrace (570.80). New low on daily 3LB (reversal is 587.50).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Weekly 3LB Update 10/26/12
Markets to be closed Monday due to Sandy. Possible closure on Tuesday also.
To any readers out East: Be Careful and stay safe. I've heard from a friend whose car was blown two lanes over (luckily there was no traffic). He promptly turned around and went home.
The Street did a good job of providing needed liquidity this morning.
Market open tomorrow. Couldn't let the month end w/o getting the books in order.
Market doing all it can to hold the open price. Resistance is futile.
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