Bulls, are you paying attention?
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish short day (confirmed hanging man). Midpoint above EMA(10). Holding above SMA(21). Tested and failed the 50.0% minor retrace (1399.90). No daily 3LB changes (reversal is 1386.89). QE2infinity. Still below 2 of 3 trend lines and RSI(14) back below 50.
Bullish engulfing day. Midpoint below EMA(10). Holding above the 38.2% retrace (79.97). Still failing SMA(21). No dally 3LB changes (reversal is 80.80).
Bullish engulfing day. Midpoint below EMA(10). Still below all SMA's. Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.64).
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Tested and failed SMA(55). No daily 3LB changes (reversal is 1726.00). Must have the precious.
Bearish short day (confirmed bearish harami). Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (1.2759). No daily 3LB changes (reversal is 1.2777).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 40.01).
Bearish short day. Tested and failed SMA(21,89,144). Midpoint above EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 15.89).
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).
Bearish engulfing day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.19).
Bearish short day (confirmed bearish harami). Midpoint above EMA(10). Tested and failed SMA(21,89). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 46.68).
Doji day (3rd in a row). Holding above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7529).
Doji day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.470).
Bearish short day. Holding above SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (555.47). Still failing BB(2,200). No daily 3LB changes (reversal is 536.88).
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 50.0% minor retrace (574.84). No daily 3LB changes (reversal is 568.04).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
Appears Mark Carney is a suporter of TBTF banks and that might have been why he was selected (other than the fact he worked for the Vamp Squid). The others on the short list wanted to break them up and make them more manageable.
Was that move from 10:15 to 10:55 a way to prop up EU markets before their close?
n/m It was the Boehner comments. As long as the markets are subject to the whims of the politicians it's probably better to be on the sidelines. At least until the fiscal cliff issue is settled (aka kicking the can again).
It seems that US bonds don't agree with the enthusiasm in the equity market. Just sayin'
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