Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(55,89). Tested and held the 38.2% minor retrace (1416.67). New high on daily 3LB (reversal is 1407.05). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Bearish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Tested and failed SMA(21,89). No dally 3LB changes (reversal is 79.67).
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21,55). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 15.06).
Bullish short day. Midpoint below EMA(10). Still failing its 38.2% retrace (1733.20). Tested and failed SMA(89). No daily 3LB changes (reversal is 1718.80). Must have the precious.
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21,55). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.3101).
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 40.44).
Spinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.93).
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).
Bullish short day. Tested and held SMA(21,55). Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 34.42).
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 47.66).
Bullish short day. Holding above SMA(89,144). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). New high on daily 3LB (reversal is 0.7622).
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 38.2% retrace (3.681). New high on daily 3LB (reversal is 3.650).
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). New low on daily 3LB (reversal is 589.53).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (570.80). Daily 3LB reversal down (reversal is 575.22).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
http://www.just-auto.com/news/western-europe-car-sales-down-105-in-november_id129664.aspx
The forecasting company said that the coming months, as we head into 2013, are also going to remain weak and it is forecasting a further market decline of 3% for 2013.
The German car market was down by 3.4% in November, with the year-to-date market down by 1.7%. The German market registered another sub-3m unit a year selling rate, and looks set to come in at 3.1m units for 2012, according to LMC estimates.
The French market saw another big fall in November – car sales down by 19.2% on last year. The French car market full year total is projected at 1.9m units which would make it the weakest result in France since 1997. Italy and Spain are also set for significant declines for 2012, with lack of confidence and rising unemployment having put off potential new car buyers, LMC says.
...Both Italy and France are down 20%...and the balance of trade numbers for the US today were not good...
..maybe if we lower rates?? Uh, wait...
One of the lowest optimism readings in survey history
WASHINGTON, December 11, 2012 – The small-business community exhibited an overwhelmingly negative response to the presidential election through a dramatic drop in owner confidence, reported by the National Federation of Independent Business (NFIB) Small Business Optimism Index. In one of the lowest readings in survey history, the Index dropped 5.6 points, bottoming out at 87.5.
http://www.nfib.com/press-media/press-media-item?cmsid=61576
BinT
NFIB companies are where most of the jobs come from. So will the government pick up the slack before the next NFP release?
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