"Follow me! The ground is soft and will provide a bounce!"
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish long 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 1413.11). QE2infinity. Still below all trend lines and RSI(14) still below 50.
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Holding above SMA(55). No dally 3LB changes (reversal is 80.23).
Bearish short day (bearish harami? yeah right). Midpoint above EMA(10). Tested and held SMA(144). Now failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.80).
Bullish short day. Midpoint above EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and held SMA(21). Daily 3LB reversal up (reversal is 1675.20). Must have the precious.
Bearish short day. Midpoint below EMA(10). Still failing SMA(55). Tested and failed its 61.8% minor retrace (1.2759). New low on daily 3LB (reversal is 1.2831).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% minor retrace (40.10). New low on daily 3LB (reversal is 40.20).
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).
Bullish short day (bullish harami?). Now failing all SMA's. Midpoint below EMA(10). Still failed its 38.2% minor retrace (87.97). No dally 3LB changes (reversal is 88.71).
Bullish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.24). Daily 3LB reversal up (reversal is 30.86).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 38.2% minor retrace (49.10). New low on daily 3LB (reversal is 51.02).
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 0.0% retrace (0.7536). New low on daily 3LB (reversal is 0.7585).
Bullish short 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).
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (555.47). Still failing BB(2,200). New low on daily 3LB (reversal is 595.32).
Bullish short 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.
7 comments:
Futures higher in the overnight session (again). Someone keeps hoping it will carry over into the day session.
I think the 53% have decided things are coming to a head. I wouldn't be surprised to see the Greek tragedy end by the first of the year.
And we've lost the idea of the American dream. It isn't a home, etc...it is the ability to raise oneself out of a life born into poverty. It would seem the 47% would rather have a government program than live the dream.
Ra,
have you been trading AAPL at all? that has been quite the fall of late
I've been able to make a couple intra-day shorts....a couple days ago I thought it might find very short term support in the low 570's and I was going to place a stop around $569 for a long but by the time I sat down after a morninig call it had already plowed right through that level and I'd have been stopped out anyway.
b22
No trading of AAPL. Just using it as a guide since so many are heavily invested in it.
We all probably know that the fiscal cliff resolution will be to kick the can down the road. The question is will the market will have a negative reaction.
Seems like they could let the 50SMA get taken out but will not allow the 200SMA to be violated. Not before the weekend anyway.
Is it the 200SMA or the 200EMA that freaks out the market the most?
Post a Comment