Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day (confirmed bearish engulfing). Midpoint above EMA(10). Still failing SMA(89). Still failing the 38.2% minor retrace (1416.67). Daily 3LB reversal down (reversal is 1416.18). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Bearish short day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (79.97). Now failing all SMA's. New low on dally 3LB (reversal is 80.22).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 15.06).
Bearish long day. Midpoint below EMA(10). Still failing its 38.2% retrace (1733.20). Tested and failed SMA(89). New low on daily 3LB (reversal is 1736.70). Must have the precious.
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (1.2759). New high on daily 3LB (reversal is 1.2988).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.26).
Bearish short 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 15.89).
Bearish short day. Still failing SMA(55). 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 failed SMA(21,55). Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.24). New low on daily 3LB (reversal is 34.42).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 46.68).
Spinning top day. Tested and held SMA(89,144). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). New high on daily 3LB (reversal is 0.7602).
Doji day. Midpoint above EMA(10). Tested and held SMA(55,233). Holding above its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.549).
Bearish short day. Tested and failed SMA(233). Midpoint below EMA(10). Holding above its 38.2% retrace (555.47). Still failing BB(2,200). No daily 3LB changes (reversal is 536.88).
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55,89). Tested and failed its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 568.70).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
http://www.npr.org/templates/story/story.php?storyId=166513174
New Inflation Gauge Would Cut Benefits, Hike Taxes
quote:
"The inflation measure under consideration is called the Chained Consumer Price Index. On average, the measure shows a lower level of inflation than the more widely used Consumer Price Index.
The chained CPI assumes that as prices rise, consumers turn to lower-cost alternatives, reducing the amount of inflation they experience. For example, if the price of beef increases while the price of pork does not, people will buy more pork. Or, as opponents argue mockingly, if the price of home heating oil goes up, people will turn down their heat and wear more sweaters."
Didn't they already tweak the CPI to cut costs? The same can be said for NFP (tweak it to make it look better). "Here pick a card. Any card".
Bulls: the bell doth toll for thee.
This is one of the problems with socialism. When the benefits promised by the government cannot be matched by the incoming revenues, the benefits will suffer.
Amen, it isn't that we suffer from a poor populace, although we do, it is that our leaders just don't lead. I could write several books about the problems, but when people get to Washington, they just don't make the correct choices. The Germans pass a balanced budget amendment to their constitution at the start of the Great Recession, we run up deficits at 6-8 times the rate of increase of the GDP...
Meh...
http://www.reuters.com/article/2012/12/05/us-usa-fed-idUSBRE8B219420121205
Fed to launch fresh bond buying to help economy
..QE, the gift that keeps on giving.
My sincerest condolences to AAPL for that azz whuppin you took today. That is all.
BinT
It's all about getting reelected. That and making as much money (lobbyists) as possible before leaving.
Post a Comment