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Archive for October, 2013
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The Bulls Just Blew It (Maybe)

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October 31, 2013

The Bulls Just Blew It (Maybe)

I wanted to make sure everyone sees this before I hit the hay over here in Spain. In a nutshell – the bulls just blew a major opportunity to stick it to the bears and given the recent participation we need to entertain the notion that we may see a more thorough correction. Now, the fat lady has not sung yet but we need to make sure to watch that hungry bitch before she raids that refrigerator again:

So this is where we are at – there’s an hourly NLSL at 1750.25 plus the daily dons one at 1751.5. So let’s just call it 1750 and be done with it – shall we? If we breach today’s lows overnight or tomorrow then I think this thing will [...]

 

Fun With Forex

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October 31, 2013

Fun With Forex

Well today surely wasn’t a boring day but most of the action happened on the Forex side. As a matter of fact I have been posting short term setups throughout the day on my brand spanking new Facebook page. Yes, after years of holding out I finally caved and joined the evil empire of social suicide. Scott had suggested it as a way to expand my audience a bit.

Obviously I’ve got a lot of catching up to do and if you’re a FB addict then I would very much appreciate a visit and a few thumbs up. Perhaps even follow the page or pimp it to your friends? Unfortunately FB.com/evilspeculator was taken but that didn’t stop my evil inclinations as I thought up a [...]

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Misprint My Foot

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October 30, 2013

Misprint My Foot

Whether or not they’ll label this a misprint post facto – that early morning spike on Mr. VIX perhaps was a harbinger of the nasty tape we’d be seeing today on the equities side. Which is a good segue into the situation on the volatility side – let me walk you through it:

So first I thought it was just a TOS retail data misprint but I double checked it on stockcharts.com and my (much more reliable and paid for) Kinetick feed and both confirmed a spike to 21.26 today. Now when I suggested yesterday that we should expect a jump in volatility that certainly was not what I had in mind.

Fearless offered his own pertinent musings in the comment [...]

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Things Are Looking Up

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October 30, 2013

Things Are Looking Up

I’m feeling quite a bit better today, so things are looking up – and apparently also so on the equities side (what else is new…). Sorry, but no equities setups again this morning – still too little context as the bot sponsored melt up higher continues. Alright, due the time change back to standard time over here in Europe last weekend I’m running one hour ahead, so let’s get to the setups. Once again all the fun seems to be happening on the Forex side:

This is a nice but speculative one. Obviously this sideways range could easily continue for another session or two but I cannot ignore the Bollinger compression on both the 100-h and [...]

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