Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day. Midpoint above EMA(10). Still failing SMA(89). Still failing the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1416.18). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Bullish short day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Still failing all SMA's. No dally 3LB changes (reversal is 80.22).
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 15.06).
Spinning top day. Midpoint below EMA(10). Still failing its 38.2% retrace (1733.20). Still failing SMA(89). New low on daily 3LB (reversal is 1718.80). Must have the precious.
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2988).
Spinning top 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. 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).
Bearish short day. Still failing SMA(55). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).
Spinning top day. Tested and failed SMA(21,55). Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 34.42).
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 46.68).
Bearish long day. Tested and failed SMA(89,144). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7602).
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 3.605).
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% retrace (555.47). Still failing BB(2,200). Daily 3LB reversal down (reversal is 589.53).
Bullish short day. Midpoint below EMA(10). Tested and held SMA(55,89). Tested and held its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 568.70).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
1 comments:
http://www.bloomberg.com/news/2012-12-06/greek-bond-buyback-leads-s-p-to-cut-to-selective-default.html
Greek Bond Buyback Leads S&P to Cut to Selective Default
Greece’s credit grade was reduced to SD, or selective default, by Standard & Poor’s from CCC after the government began buying its bonds back from investors, a statement on the rating company’s website said yesterday.
The buyback “constitutes the launch of what we consider to be a distressed debt restructuring,” S&P said in its statement. “Any potential upgrade to the CCC category rating would reflect, among other factors, our view of the debt relief that is being delivered through the buy back and its contribution to putting the sovereign’s public finances on a sustainable footing.”
The SD designation “includes the completion of a distressed exchange offer, whereby one or more financial obligation is either repurchased for an amount of cash or replaced by other instruments having a total value that is less than par,” according to S&P’s website.
***Let the games begin.
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