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Scottish Quadruple Witching Alibaba Friday
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Scottish Quadruple Witching Alibaba Friday

Scottish Quadruple Witching Alibaba Friday

by The MoleSeptember 19, 2014

I’ll be very brief this afternoon for two reasons. First, it’s been a very rough session across the board as it’s not only quadruple witching Friday (definition here) but just to juice the goose a bit more Alibaba [BABA] went IPO today and the Scott’s decided to remain part of what remains of the once great British Empire.

Great_Witches

So volatility and confusion in spates and thus I’ve been mostly staying out. Took a ST long position this morning which however was stopped out when the ES dropped through 2006 and proceeded to test the 2k mark (as in scenario B I mentioned this morning).

2014-09-19_play_the_swings

Which means until further notice we are back in the ‘play the swings’ zone again. You know – the dreaded 20 handle trading range between 1990 and 2010. The 25-hour BB touch this morning was a first foray into leaving it behind but today surely was not the day – quite frankly I should have probably known better. But the Mole was otherwise occupied to be frank.

Which brings me to the second reason I hinted at above in the intro. Here’s the skinny: For the past two months I have been laboring behind the scenes on something new and extremely exciting. Scott (roughly) knows what it is but even he has no idea what exactly I have been cooking up in my evil lair. Well, I’m getting closer to making an announcement and quite frankly I think it’s going to blow everyone’s socks off. Trading will never be the same for any of us – that’s all I can say for the moment.

And now that I have tickled your collective curiosity let me crack open a cold one and allow to me get back to work – I better live up to my sensationalistic promises. See you guys on Monday!

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Cheers,

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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