Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1470.96). New high on daily 3LB (reversal is 1430.36). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Bearish long day. Midpoint above EMA(10). Tested and failed the 38.2% retrace (79.97). Tested and failed SMA(21,55,89). No dally 3LB changes (reversal is 79.25).
Inverted hammer day. Midpoint below EMA(10). Still below all SMA's. Still failing its 100.0% retrace (14.27). New low on daily 3LB (reversal is 13.83).
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1670.30). Tested and held SMA(21,233). No daily 3LB changes (reversal is 1693.80). Must have the precious.
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3259).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 100.0% retrace (40.86). New high on daily 3LB (reversal is 41.03).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Still failing its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.27).
Bullish short day. Holding above SMA(21,55,89,144). Midpoint above EMA(10). Holding above its 61.8% minor retrace (92.32). New high on dally 3LB (reversal is 91.82).
Bullish long day. Still failing all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 51.60).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). New high on daily 3LB (reversal is 0.7763).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.536).
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.59).
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (557.71). Daily 3LB reversal up (reversal is 550.49).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
Futures Flat Following Trade Balance Data
8:35 AM ET, 01/11/2013 - Briefing.com
[BRIEFING.COM] S&P futures vs fair value: +0.70. Nasdaq futures vs fair value: flat. Equity futures saw little reaction to the latest trade balance and export/import prices. The S&P 500 futures are registering marginal gains.
The trade deficit widened to $48.7 billion during November after a downwardly revised prior month deficit of $42.1 billion. Economists polled by Briefing.com had expected that the deficit would come in at $41.8 billion.
Export prices, excluding agriculture, decreased by 0.2% in December after they had decreased by 0.7% during the prior month. Excluding oil, import prices decreased by 0.1%, which follows the 0.2% decrease experienced in the prior month.
...Well, somebody is still cautious with their Benjamins....I wonder what the Helicopter is thinking today..
SPX spent all week trying to break through the Sep 2012 highs. When will they give up?
Ravens bitchez!
Weekly 3LB Update 1/11/13
CV is a dick... But I do give credit to Peyton Manning for being a CLASS ACT [because he understands the 'depth' of things ON&OFF the field of battle...
~~~
http://espn.go.com/nfl/playoffs/2012/story/_/id/8840307/peyton-manning-denver-broncos-visits-ray-lewis-baltimore-ravens-locker-room-postgame
Western governments may soon borrow in renminbi
Western governments may soon borrow in renminbi-dominated bonds, which would help facilitate its use as a reserve currency and help Europe and the U.S. continue to borrow at cheap rates, writes David Marsh. See full story.
.../from MarketWatch this am...if this is true, and not just some hype, then western governments are going to drink the hemlock...if they think that moving to the Chinese currency will enable rates to stay at these low levels, they are simply stupid. No one really looking at how that plays out comes to that conclusion...
BinT
China likes the idea (part of their long term goal to usurp Western governments).
New.
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