"Can I come out now? Or are you messing with me?"
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXBearish long day (confirmed hanging man). Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1597.35). No daily 3LB changes (reversal is 1541.61). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYBearish short day. Midpoint below EMA(10). Tested and held the 61.8% minor retrace (81.51). Tested and held SMA(89). New low on dally 3LB (reversal is 82.13).
VIXBullish long day. Midpoint above EMA(10). Tested and held SMA(21,89). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 13.36).
GOLDBearish long day. Midpoint above EMA(10). Holding above its 100.0% retrace (1407.40). Tested and failed SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 38.2% retrace (1.3145). Daily 3LB reversal up (reversal is 1.2995).
JNKBearish short day (after gap lower). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (41.63). Daily 3LB reversal down (reversal is 41.75).
10YR YIELDBearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 16.94).
WTIBearish long day. Tested and failed SMA(21,144). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (92.33). No dally 3LB changes (reversal is 86.97).
SILVERBearish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (22.55). No daily 3LB changes (reversal is 22.86).
BKXBearish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (53.87). No daily 3LB changes (reversal is 54.03).
HYG/LQDSpinning top day. Tested and failed SMA(55,89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7752).
COPPERBearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (3.102). Daily 3LB reversal down (reversal is 3.239).
AAPLBearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (406.99). Still failing BB(2,200). No daily 3LB changes (reversal is 390.53).
GSCIBearish short day (confirmed bearish harami with conviction). Midpoint below EMA(10). Tested and failed SMA(144). Tested and held its 38.2% minor retrace (30.62). No daily 3LB changes (reversal is 31.56).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
Thanks, Ra.
For fun:
Taking the NFP from 5/11 to 3/13 and finding the average=124.957k.
The geometric mean is 66.136 and the harmonic mean is 33.517.
Since the harmonic mean is already 1/2 of the geometric mean then add/subtract the harmonic from the average.
April NFP prediction (can't be any worse than the other economists mystical predictions):
High 158.474k
Low 91.44k
Divided States comment on ZH about what happens on the Fed QE exit:
9:30:00 Market Opens
9:30:01 First Circuit Breaker (10%) triggered
10:30:01 Market Reopens after 1 hour halt
10:30:02 Second Circuit Breaker (20%) triggered
12:30:02 Market Reopens after 2 hour halt
12:30:03 Third Circuit Breaker (30%) triggered. Market halted for rest of day.
Markets opened for a total of 3 seconds.
Call it a day and time to go home. Repeat process the next day. NOW that is whats gonna happen.
This had me cracking up. My coffee tried to come out of my nose.
No problem Jennifer.
New.
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