Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed the 61.8% minor retrace (1383.13). New low on daily 3LB (reversal is 1408.75). QE2infinity. Still below all trend lines and RSI(14) still below 50.
Doji day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Tested and held SMA(89). No dally 3LB changes (reversal is 80.81).
Bearish short 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 19.07).
Spinning top day. Midpoint above EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and held SMA(21). No daily 3LB changes (reversal is 1675.20). Must have the precious.
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (1.2759). New low on daily 3LB (reversal is 1.2773).
Bearish short day. Midpoint below EMA(10). Still failing SMA(89). Tested and failed its 50.0% minor retrace (39.86). New low on daily 3LB (reversal is 39.93).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 16.14).
Bearish 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 88.71).
Bullish short day (still confirmed hanging man). Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 30.86).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 38.2% minor retrace (49.10). New low on daily 3LB (reversal is 49.20).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (0.7536). New low on daily 3LB (reversal is 0.7573).
Doji day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.494).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (555.47). Still failing BB(2,200). No daily 3LB changes (reversal is 595.32).
Spinning top day. Midpoint below EMA(10). Still failing SMA(233). Tested and held its 38.2% retrace (557.71). No daily 3LB changes (reversal is 565.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
Todays theme...
11 comments:
http://www.rttnews.com/2005667/eurozone-sep-industrial-output-falls-more-than-forecast.aspx
Eurozone Sep Industrial Output Falls More Than Forecast
11/14/2012 5:10 AM ET
Eurozone industrial output dipped by a seasonally adjusted 2.5 percent in September from a month ago, Eurostat reported Wednesday. Economists had forecast a 2 percent fall after rising 0.9 percent in August.
On a yearly basis, overall production was down 2.3 percent in September, bigger than the 1.3 percent drop logged in August. The annual decline also exceeded a 2.2 percent drop forecast by economists.
Production of durable consumer goods fell 4.3 percent month-on-month and capital goods production dipped 3 percent. Non-durable consumer goods production was down 2.8 percent and intermediate goods dropped by 2 percent.
..Does make you wonder about Christmas...
Doesn't appear the bounce attempt will be successful (again). Another close below the 200EMA may open the trap doors as the market tries to hold on to what little gains they have.
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BinT
Why do you think retailers start holiday advertising around Halloween instead of waiting for Thanksgiving? They know the consumer is tapped out. Eventually the ads will start around Labor Day (snark).
Israel just assassinated one of the military leaders of Hamas. Maybe the Mayans were onto something.
http://www.zerohedge.com/news/2012-11-14/israel-assassinates-hamas-armys-chief-staff-precision-airstrike-hamas-vows-infernal-
http://news.blogs.cnn.com/2012/11/14/israel-head-of-hamas-military-wing-killed/?hpt=hp_t3
The daily spike into the EU close is currently underway. Sometimes the moves are just too obvious.
Plus with DXY up and EURUSD up which currency is getting sold?
Amen,
Where I now live, up high and away from the madding crowd, retailers here during the week don't seem to do much. My wife and I live on a very large farm (we don't farm) 15 miles from the next town, and Dollar General put in a store about 3 miles from us. This essentially put the few Mom and Pops OOB in a few months..and even then they weren't doing much.
This administration has been very unfriendly to business..and the next four years I think will be even worse. Can't wait to see what tax rates are in 2013.
And...it's gone.
K-A-T-H-E-R-I-N-E!!!
SPX Aug low of 1354.65 breached. Up next the July low at 1329.24.
Now below the 61.8% minor retrace (1384.97) on the weekly 3LB chart. Next support the 38.2% retrace (1335.03.
Or using the weekly SPX chart we are below its 38.2% minor retrace (1361.43). Next support the 61.8% retrace (1228.74).
Shady azz market. Hard push at the close to send the SPX back above its Aug low.
If DXY and EURUSD both close higher does that indicate that there is repatriation of EURUSD going on overseas?
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