"Damn you MSCI rebalancing!!!"
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Doji day. Midpoint above EMA(10). Tested and held SMA(89). Tested and failed the 38.2% minor retrace (1416.67). New high on daily 3LB (reversal is 1409.15). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Spinning top day. Midpoint below EMA(10). Holding above the 38.2% retrace (79.97). Tested and held SMA(55). No dally 3LB changes (reversal is 80.80).
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(55.89). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.41).
Bearish short day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and failed SMA(21). New low on daily 3LB (reversal is 1753.70). Must have the precious.
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Holding above its 61.8% minor retrace (1.2759). New high on daily 3LB (reversal is 1.2811).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 40.26).
Doji day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 15.89).
Bullish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).
Bearish long day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.45).
Bearish short day. 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).
Spinning top day. Tested and failed SMA(89,144). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). New high on daily 3LB (reversal is 0.7587).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55,233). Holding above its 61.8% minor retrace (3.443). New high on daily 3LB (reversal is 3.541).
Spinning top 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).
Bearish engulfing day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (574.84). No daily 3LB changes (reversal is 568.70).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
http://www.zerohedge.com/news/2012-11-30/european-rescue-mechanism-loses-aaa-rating
Since Moody's downgraded France to Aa1 you knew this was coming:
MOODY'S DOWNGRADES ESM TO Aa1 FROM Aaa, EFSF TO (P)Aa1 FROM Aaa
QQQQ,
Thanks for your reply yesterday. I was self-employed for 35 years, and I feel like a child again, not having to fool with government red tape, as I quit 2 years ago. The last 6 years I belonged to a group rather than a one man show, and even though I enjoyed the guys and gals, they were awful businessmen who couldn't keep overhead under control. After I left, they all went to work for a company. Sad, really, these professionals working for someone other than themselves.
I guess I haven't gone Galt, as there is no way I could be talked into going back to work, but I do think we will languish under Obama the next four years. And the incredible thing is, this is all a voluntary surrender to socialism. Amazing..
Why not start your own business?
WASHINGTON (CBS DC) – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.
According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets
Weekly 3LB Update 11/30/12
Alabama/Georgia. Great game. Georgia almost pulled off a victory. Almost.
I don't think Nebraska will be ranked #12 after the azz whuppin they're getting from Wisconsin.
http://www.telegraph.co.uk/finance/debt-crisis-live/9718188/Debt-crisis-Spain-requests-39.5bn-bailout-from-EU-live.html
Debt crisis: Spain requests €39.5bn bailout from EU - live
Spain requests bailout but will they get conditions?
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