"Was that the bat phone?"
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1502.27). No daily 3LB changes (reversal is 1492.56). 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 79.25).
Bullish short day. Midpoint above EMA(10). Still below all SMA's. Holding above its 0.0% retrace (12.29). Daily 3LB reversal up (reversal is 12.43).
Bearish short day. Midpoint below EMA(10). Still failing its 50.0% retrace (1670.30). Still failing all SMA's. No daily 3LB changes (reversal is 1693.80). Must have the precious.
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% retrace (1.3436). No daily 3LB changes (reversal is 1.3346).
Bearish 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 41.27).
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 18.23).
Bearish short day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 61.8% minor retrace (92.76). No dally 3LB changes (reversal is 94.68).
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (31.30). No daily 3LB changes (reversal is 29.67).
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 100.0% retrace (53.88). No daily 3LB changes (reversal is 53.73).
Shooting star day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7907). New high on daily 3LB (reversal is 0.7850).
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.536).
Bullish piercing day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 501.75).
Bearish short day. Midpoint below EMA(10). Still failing SMA(55). Holding above its 38.2% retrace (557.71). No daily 3LB changes (reversal is 566.74).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Sorry for the late post. Mondays & Fridays are late days for me.
seems these Equity 'marts' are getting 'a little' overextended..
been lining up some 'Shortin' Stocks' ..
XRX? wtf? did they find some kind of misplaced Royalty Agreement signed by AAPL?
hopefully it doesn't pay off in AAPL..
~~~
poor attempt @ "humor"..but XRX is 'overcooked', as, but, one ex.
AAIP
...In keeping with our long-term forecast, brutal competition among producers for the dwindling purchasing power of the American consumer will continue to thin the producer herd until there are only two majors left standing in each consumer segment, who by virtue of lack of competition gain pricing power, driving inflation further up and consumer purchasing power deeper down.
This promises to be a year where inflation stirs beyond food and energy prices, but not enough to gain the public notice of a Fed that has committed itself in writing to zero interest rates through 2015.
Thanks to an 11th hour compromise between the White House and the GOP to end the fiscal cliff standoff, America's $40,000 median household income will shrink by an average $1,000 as payroll tax deductions rise.
The folly of raising taxes during an output gap will be relearned in 2013 but not until the second half of the year. By then the cumulative impact of weak and declining demand in Europe and the U.S. may join with higher taxes and low productivity gains to leave the economy vulnerable to minor shocks. The stock market is on track to rally right into it, as it always does, creating a trade opportunity for the adventuresome who seek advantage over the herd.
The herd is driven by two kinds of fear: fear of losing money and fear of losing out on gains that the other guy might be making. The second kind of fear, the fear of missing out, motivates the masses to take great risks. It is commonly mistaken for greed. Greed exists but is exceedingly rare. One in a million investors is wily and courageous enough to be greedy whereas the vast populace seethes with resentment at any friend, neighbor, or random stranger who has or appears to have more than they do, no matter how hard they worked for it. The unscrupulous populist politician taps into this deep and ever-ready reservoir of resentment for votes, quick and dirty. The statesman avoids it because the genie of resentment of the strong by the weak once released is loathe to return to captivity. Ask Chairman Mao.
As the dust settles from 2012 it will be learned that quite a few investors made a lot of money in the stock market last year. This will anger enough investors who have been sitting it out since 2009 to inspire them to chase the dream in 2013. They will drive up stock prices, at least in the early part of this year, and even drive bond prices down in the bargain, fulfilling the Great Rotation wish of many a fund manager pining for a fat 2013 bonus....
http://www.itulip.com/forums/showthread.php/24555-Hope-and-Fear-%C2%96-Part-I-Year-of-Promise-Eric-Janszen
I'm liking the sound of that Thesis..
AAIP
http://opinionator.blogs.nytimes.com/2013/01/26/the-rise-of-the-permanent-temp-economy/?ref=business
The Rise of the Permanent Temp Economy
"Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created. Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families.
A quarter of jobs in America pay below the federal poverty line for a family of four ($23,050). Not only are many jobs low-wage, they are also temporary and insecure. Over the last three years, the temp industry added more jobs in the United States than any other, according to the American Staffing Association, the trade group representing temp recruitment agencies, outsourcing specialists and the like.
Low-wage, temporary jobs have become so widespread that they threaten to become the norm."
"You can't find a stock of .22 or 9-mm ammunition for sale anywhere in this town," said Hill, owner of Classic Arms, an 8-employee shop in Cordova. "For every box of .22s, you have 100 people who want that box."
Whether it's made by Federal, Hornady, Remington or any other mass producer, ammunition for rifles and hand guns in particular is in tight supply in a country where it's not unusual for a single shooting enthusiast to have 1,000 to 10,000 rounds stored nearby. But this winter, consumer demand outstripped capacity even of the mega-plants like Remington's 45-year-old factory at Lonoke, Ark., which is scaled for 1,000 employees to make 2 billion rounds per year.
http://www.commercialappeal.com/news/2013/jan/28/faced-with-heavy-demand-wal-mart-limits-sales/
New.
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