The comment section has gone into flatline mode so I must assume that many of you guys are enjoying an extended weekend. Well, the market waits for no man (or woman) – since it’s only the hardcore crew I’ll be brief but I will make it count as we have nice setups today:
So I told you guys to short near 2010 and judging by the thundering silence none of you rats did. A bit frustrating, but not for yours truly as I pocketed some green on the way down. I can tell you where the good spots are but if you guys don’t pull the trigger – well, refer to my comment in the intro.
Now what does this chart above tell us? Quite a bit of short term [...]
Once again the onus is on the bears to drop the ball and they’re doing a smashing job of it. When it comes to rolling over and running for the hills at the slightest sign of buying pressure the remaining gang of grizzlies can’t be beat. Darwinism at its finest and I guess four years of Pavlovian conditioning with a cattle prod does leave some psychological marks.
I’ll be quick tonight as I am knee-deep in slinging code and want to put CrazyIvan into alpha testing by the end of this week. The greenback was no match for Bernanke’s foot as the daily stomping near its key inflection point of 84.5 was more than it could take. Down she goes and it [...]
As Scott as well as Ivan have said in the past – the market does speak to us and if you want to gain an edge its a matter of you learning the language. If you keep losing then you may be suffering from Cool Hand Luke Syndrome – or in other words: ‘What we have here is failure to communicate – some men you just can’t reach!’
Oh, he likes it alright 😉
What we do here at Evil Speculator is to approach the tape from different angles. If you’re a Zero subscriber for instance then the gyrations of the past few weeks have not come as a big surprise to you. The only candle that may have tripped you was that final quick [...]
See there are two types of traders – the ones on the inside who make things happen and the ones on the outside who ask you what the heck just happened. Unfortunately most of us have to eek out a living on the outside and as such we best ignore the news as it just represents a feeble human need to attempt to rationalize events that have already happened. Yesterday morning everyone on the outside got the legs cut from underneath them and by the time the smoke settled the big question on everyone’s mind was ‘what the hell just happened?’ Which was the cue for a multitude of explanations and rationalizations from pundits across the land (European elections, [...]