Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXSpinning top day. Midpoint above EMA(10). Still above all SMA's. Still failing 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.
DXYBullish short day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 82.92).
VIXBullish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Holding above its 0.0% retrace (11.50). New high on daily 3LB (reversal is 11.30).
GOLDBullish short day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1609.30). Holding above SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Still below all SMA's. Still failing its 38.2% retrace (1.31345). New low on daily 3LB (reversal is 1.3003).
JNKBearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.02).
10YR YIELDBearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).
WTIBearish long day. Tested and failed SMA(21,89,144,233). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (93.12). No dally 3LB changes (reversal is 91.05).
SILVERSpinning top day. Tested and held SMA(21). Midpoint at EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
BKXBearish short day (confirmed hanging man). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (57.33). No daily 3LB changes (reversal is 56.59).
HYG/LQDBearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed 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. Tested and failed its 61.8% minor retrace (3.443). New low on daily 3LB (reversal is 3.555).
AAPLBearish short day. Holding above 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 420.05).
CCIBearish short day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 38.2% retrace (557.71). New low on daily 3LB (reversal is 556.38).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/daylight-robbery-in-cyprus-will-come-to-haunt-emu/
quote:
"As for Spain, we learn from leaks in the Spanish press that officials from the ECB and the Commission warned Eurogroup ministers that the raid on Cypriot savers posed a grave contagion risk to Spanish banks, threatening to set off deposit runs.
EMU commissioner Olli Rehn promised that there will be no losses imposed on depositors in other countries, but the decision will be made in Berlin, the Hague, Helsinki, Vienna. He has no authority to make such a pledge. He is just a civil servant.
The danger may not be immediate but if the economies of Portugal, Spain, and Italy languish through this year in deep slump with no green shoots of recovery starting to sprout in the second half – as many fear – this new dispensation will be tested. The fatal precedent of haircuts for depositors will start to matter a great deal. Hell hath no fury like a saver robbed."
Novus.
Post a Comment