Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day (bullish harami?). Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed the 61.8% minor retrace (1383.13). No daily 3LB changes (reversal is 1413.11). QE2infinity. Still below all trend lines and RSI(14) still below 50.
Bullish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Tested and failed SMA(89). New high on dally 3LB (reversal is 80.71).
Hanging man day (2 in a row). Midpoint above EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.80).
Doji day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1730.90). Tested and failed SMA(55). New high on daily 3LB (reversal is 1675.20). Must have the precious.
Bearish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and failed its 61.8% minor retrace (1.2759). New low on daily 3LB (reversal is 1.2793).
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and held its 50.0% minor retrace (39.8). New low on daily 3LB (reversal is 40.03).
Bullish short day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 17.64).
Bullish short day (weak confirmation of bullish harami). 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).
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.24). New high on daily 3LB (reversal is 30.86).
Doji day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 51.02).
Bullish short day. Now failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7585).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.494).
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (555.47). Still failing BB(2,200). No daily 3LB changes (reversal is 595.32).
Bearish short day. Midpoint below EMA(10). Still failing SMA(233). Tested and failed its 38.2% retrace (557.71). No daily 3LB changes (reversal is 565.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
http://www.reuters.com/article/2012/11/09/us-germany-france-economy-idUSBRE8A80MO20121109
Exclusive: Worried Germany seeks study on French economy
"The biggest problem at the moment in the euro zone is no longer Greece, Spain or Italy, instead it is France, because it has not undertaken anything in order to truly re-establish its competitiveness, and is even heading in the opposite direction," Feld said on Wednesday.
Weekly 3LB Update 11.9.12
Hmmm...if the equity market can't escape the grasp of the 200SMA on a day when bonds aren't trading then tomorrow just became a lot more interesting.
http://www.reuters.com/article/2012/11/12/us-eurozone-greece-idUSBRE8AA0IV20121112?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+(Business+News)
No aid for Greece on Monday despite austerity vote
By Robin Emmott and Jan Strupczewski
BRUSSELS | Mon Nov 12, 2012 10:54am EST
BRUSSELS (Reuters) - - The euro zone will not authorize more money for Greece on Monday, despite the country approving a tough 2013 budget, because there is still no agreement on how to make its debts sustainable.
Finance ministers meeting in Brussels should, however, give Athens two more years to meet its goals in talks about unfreezing lending to Greece.
Loans have been held up after Athens went off-track with promised reforms and budget cuts, largely as a result of holding two elections in the space of three months.
The Greek parliament passed an austerity budget for 2013 late on Sunday and a structural reform package last Wednesday, meeting the conditions for the release of the next tranche of 31.5 billion euros of emergency loans from the euro zone.
But a variety of officials have said the money will not be released yet.
"I am impressed by Greece's recent performance. Greece is on track to meet its commitments step by step," the chairman of euro zone finance ministers, Jean-Claude Juncker, told reporters on arrival for the meeting.
"There won't be any definitive decisions today, but I think the general feeling is that we would like the next disbursement to done in the most efficient way possible," he said.
Post a Comment