Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1463.76). No daily 3LB changes (reversal is 1432.12). QE2infinity. Still below the trend line and daily 3LB mid.
Bullish long day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Tested and held SMA(21). New high on dally 3LB (reversal is 78.83).
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 0.0% retrace (14.27). No daily 3LB changes (reversal is 13.88).
Bearish long day. Midpoint below EMA(10). Holding above its 38.2% retrace (1730.90). Tested and failed SMA(21). New low on daily 3LB (reversal is 1796.50). Must have the precious.
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.3128).
Bearish short day. Midpoint below EMA(10). Holding above SMA(55). Tested and held its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).
Doji today. 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).
Bullish long day. Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (90.85). No dally 3LB changes (reversal is 92.48).
Spinning top day. Still failing SMA(21). Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.69).
Bearish 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 51.64).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7847).
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.688).
Bearish short day. Still failing SMA(55). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (629.73). New low on daily 3LB (reversal is 659.39).
Bearish long day. Tested and failed SMA(21,55). Midpoint above EMA(10). Holding above its 38.2% retrace (4966.03). No daily 3LB changes (reversal is 4847.73).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Sheesh! There are three Fed speeches today. At least the speeches are after the close. First up will be Kocherlakota then Tarullo and finally Fisher.
This is the first time that RSI(14) for SPX has been under 50 since 7/25/12.
Ra,
I learned a lot about different ways to use RSI from Connie Brown:
Bear market RSI (14) tends to have a low end support zone of 20-30 and a high end resistance zone of 55-65
Bull market RSI (14) tends to have a low end support zone of 40-50 and a high end resistance zone of 80-90
haven't marked this up in a long time but you'll get the idea:
http://tinypic.com/r/10ydmaf/6
re: ISIL
I'm likin' that, more and more..
Anyone, else, see any 'Holes' I might be missing?
AAIP
http://finviz.com/quote.ashx?t=ISIL
now ~6.86
b22
I remember her ranges. Bull is 80-30 and bear is 65-20. Or something like that.
New post up.
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