...can prevent market melt ups based on NFP shenanigans.
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Doji 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. Back below the trend line.
Spinning top day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Now failing all SMA's. No dally 3LB changes (reversal is 78.83).
Bullish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and held its 0.0% retrace (14.27). No daily 3LB changes (reversal is 13.88).
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Still above all SMA's. No daily 3LB changes (reversal is 1778.00). Must have the precious.
Spinning top day. Midpoint above EMA(10). Now above all SMA's. Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.3128).
Bearish short day. Midpoint above EMA(10). Holding above SMA(55). Tested and held its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).
Bearish long day (didn't confirm bullish engulfing). Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (90.85). No dally 3LB changes (reversal is 92.48).
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.69).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 51.64).
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7847).
Spinning top 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).
Bearish long day. Still failing SMA(21). Midpoint below EMA(10). Still failing its 0.0% retrace (703.99). New low on daily 3LB (reversal is 673.54).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Weekly 3LB Update 10/5/12
FYI: On Tuesday, Vanguard announced that it is changing benchmark providers from MSCI to FTSE.
http://community.nasdaq.com/News/2012-10/vanguard-says-good-bye-to-msci-fee-cuts-for-22-index-funds-ahead.aspx?storyid=178439
It says $170 billion in assets are covered by this change. Of interest to me is VWO, which is the largest EM ETF (almost $70 billion). Some of the big changes in fund weights are as follows:
Brazil 12.7% -> 16.2%
South Africa 7.8% to 10.5%
India 7% -> 9.6%
Taiwan 11% -> 13.1%
Malaysia 3.6% to 4.9%
South Korea 15.5% -> 0%
I'm not sure when these funds will be rebalanced or what will be the impact on markets. It will be interesting to watch.
That's weird. 10yr note is higher AND 10yr yields are higher. How?
Not one positive TICK reading in the first ten minutes. Don't see that often.
AmenRa,
as per, Nice Going~
mucho appreciado ~!
AAIP
New (yeah yeah I know it's late).
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