Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXBearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1563.32). No daily 3LB changes (reversal is 1544.26). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYBearish long day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Still above all SMA's. Dally 3LB reversal down (reversal is 82.92).
VIXBearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 0.0% retrace (11.50). No daily 3LB changes (reversal is 13.06).
GOLDBullish short day. Midpoint above EMA(10). Still failing its 61.8% retrace (1609.30). Tested and held SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.
EURUSDBullish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3063).
JNKBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). New high on daily 3LB (reversal is 40.96).
10YR YIELDBearish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).
WTIBullish short day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (93.12). New high on dally 3LB (reversal is 90.12).
SILVERDoji day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
BKXBullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (57.33). New high on daily 3LB (reversal is 56.59).
HYG/LQDBullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7783).
COPPERBearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.692). No daily 3LB changes (reversal is 3.493).
AAPLBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 450.50).
CCISpinning top day. Midpoint above EMA(10). Tested and failed SMA(233). Tested and failed its 38.2% retrace (557.71). New high on daily 3LB (reversal is 553.98).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
One word...Cyprus.
http://finance.yahoo.com/news/cyprus-savers-bear-brunt-unprecedented-174302569.html?l=1
'THEFT, PURE AND SIMPLE'
"The bailout was smaller than initially expected and is mainly needed to recapitalize Cypriot banks that were hit by a sovereign debt restructuring in Greece.
The deposit levy - set at 9.9 percent on bank deposits exceeding 100,000 euros and 6.7 percent on anything below that - will take place on Tuesday after a bank holiday on Monday.
To guard against capital flight, Cyprus took immediate steps to prevent electronic money transfers over the weekend.
At one cashpoint in the capital Nicosia, a pensioner couple said they had visited several automatic teller machines without success. "We are trying to pull as much as we can," one told Reuters, reaching for a wallet containing four debit cards.
"I'm extremely angry. I worked years and years to get it together and now I am losing it on the say-so of the Dutch and the Germans," said British-Cypriot Andy Georgiou, 54, who returned to Cyprus in mid-2012 with his savings.
"They call Sicily the island of the mafia. It's not Sicily, it's Cyprus. This is theft, pure and simple," said a pensioner."
Weekly 3LB Update 3/15/13
They tried to close positive. But BS can only keep you higher for so long.
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