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Appetizer
72

Appetizer

by The MoleJuly 5, 2009

We need a little comment cleaner – so here’s a little appetizer before tomorrow’s post:

It’ll all come down to one number on Monday – 888 – that simple. More details tomorrow – I got tons of charts for my stainless steel rats :-)

I see some fireworks from my window right now as it’s the night of July 4th at around 11:00pm here in Los Angeles. But the real fireworks – the one with the grand finale – are scheduled for later this year.

Cheers,

Mole


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 various social media waterholes below.
  • http://www.pacfreehotwater.com steveo77

    Hey, in Asia 888 is a very lucky number (same as 777).

    I got this Chart last fall from Comstock which is a great site that offers original material.

    Then as events seemed to line up with the cycle descriptions, I wrote downt he current month.

    Comments appreciated. I know what I am seeing in the Hawaii business market is matching this process perfectly. Comments from mainland and Europe, Canada, Mexico, Australia (this BLOG's major followings) also appreciated.
    http://oahutrading.blogspot.com/2009/07/cycle-o

  • onorio

    The blue cenario would be fun, cause everybody is in position for the H&S and for a nasty down move, so that would give a hell of a squeeze!

    In a EW perspective i could count a ED as wave (i) and a nice flat as a wave (ii), the 5 wave move from 932 would be C of (ii).

    In my opinion we`re in for the orange cenario, but i will wait to load on puts arround the 910/915 area, if we go much above that than we prabably are in for some blue.

  • http://www.pacfreehotwater.com steveo77

    Mole, so here is the deal….thank you so much for doing what you do…the only real time EW based trading BLOG, alot of people expressed their opinion that we are trained and ready to carry on without you….and that is a bunch of bull….yes we can continue on for a day or two but without your larger EW perspective and the other trade factors that you bring to the table at the right time..well, or sucess would be diminished. So, thank you for what you do.

  • barebull

    thank you mole i missed your technical expertise and your great sense of humor ………..and i'm glad that you take care of yourself by getting away from it all [ for just a little while] take care ………let's make lots of money!!

  • annamall

    Hi all, I hope everyone is having a great Independence weekend! I just have to say this, I am sitting here on pins and needles watching Federer and Roddick! What a match~! Please Roger I am so for you!!!

    Thank you Mr. Molecule for your little appetizer hehehe, I will wait for confirmation tomorrow to see what happens for this week. I am fairly uncertain at this point and not taking any huge bets either way!

    Gooooooooooooooo Rogerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!

  • annamall

    Hey Big O,
    I am in your camp as that would give me an opportunity to load up on puts, otherwise you're just chasing the tape and I hate that! :)

  • Lordted

    Couldn't stand the pace – so just clicked in here to get away from the game… That's right nice of you to root for Roger – given that A Rod is one of yours….. See Pistol Pet has turned up to watch!! – No pressure Roger… I fear Pandy may do it!! – If he deos he really deserves it!

  • annamall

    Hi Ted, funny I was thinking about you over there, your guy Andy did a fine job too! Roddick has a serve that would kill you if it hit you or at the very least know you out. hehehe

    I said it may come down to the serve and Roddy has that nailed down. I like him, but not like Roger!

  • Lordted

    Magic play just now from Roger… But this is the best I have seen A Rod play in years!! – He really believes out there… I am now going down on my knees to the gods of tennis for a few mins… LOL

  • molecool

    Actually I have been charting all weekend – I just can't help myself.

  • annamall

    Did you just see that Break set!!!!!!!!!!!!!!!!!!!!!!!!! OMG I am crying I am so happy for Roger. YES!!!!

    One to one now, what tennis! BTW Ted, you called for these two to play! +1

  • molecool

    That's actually my goal – if you are all able to carry on the day I get hit by a steam roller I accomplished my mission. So I'm not worried about that.

    However – if I'm gone – who's going to serve up those corny jokes?? So you guys better behave or I just might elope with Annamall 😉

  • annamall

    :-)

  • Lordted

    We could here kids cheering in the house next door!!

    I nearly had kittens…

  • annamall

    WHOOO HOO 2 to 1 come on baby! I can't stand it…heheheh

  • Peasant

    I think about 9 out of 10 chartists see the orange or green scenario playing out. It seems a foregone conclusion that the very obvious head and shoulders will happen and the ST downtrend will conclude with a nice size selloff the Monday following july opex. Which is why I'm really worried. Will the PPT intervene? God it sucks trying to trade un-free markets.

  • Lordted

    Neither can I… Making myself watch! A Rod is not caving in though… And some thought this was a forgone conclussion??

    Poored myself a large Pimps… !! It's making me feel ill…

  • annamall

    heheheheh!

  • Lordted

    5th set… I hoope Roger can get a break – if not Pandy wins … The only weakness for a Rod is can he get trhat last ball over the net?

    My DVD recorder is running – we have switched chanels as we can't stands it popeye!

  • salvadorveiga

    hey sweetie… I'm watching it too… what a bloody match !!

  • standard_and_poor
  • barebull

    there has never been a free market

  • ropey

    Go figure this, i'm up in vancouver and i still see very little of the recession, it's nuts – house prices here have hardly budged and they just clocked their biggest monthly rise ever in June over last June…
    I see 'for lease' in lots of places so you'd think aha…but then some nutters are buying properties here for 500,000 for 500-600 sq ft…that's not far off London UK prices…

    Maybe it's the pending olympics then they'll dump but i'm still scratching my head..

  • annamall

    I am quivering watching this, you would think he was my husband! heheh Gosh please putll it out Rog!

  • annamall

    Hi Sal, what a match, unfreaking Real. I am on pins and needles. :-) 10/9 Roger A Rod to serve next, can it getting any BETTER THAN THIS??????????????? I don't want it to end..heheheh

  • http://esecfutures.com Vladz

    CBOE Put Call Ratio closed above 1.05 again:
    http://screencast.com/t/pmE4Pdlceh
    suggesting we might get at least some bounce here, it did a pretty good job on last 6 occasions.

    Also, as Peasant said below, there are way too many chartists / traders taking orange / green scenario playing out as foregone conclusion, which has me a bit skeptical that we plunge here immediately. Maybe SPY 92 max pain will come into play and we chop around in this “wonderful” range for several more weeks.

  • bist

    I agree with your view. The hourly stochs are totally oversold and we're due for some kind of brief bounce monday or sideways chop action. But I think the ultimate resolution is to the downside as all the lackluster earnings reports pour in, the dollar strengthens, and commodities sell off.

  • salvadorveiga

    really amazing match… Roddick deserves better than only 1 Slam…if it weren't for FED Roddick would've already have 4-5 slams in his pocket…

    I hope Fed wins though… please please

  • fuw

    yes, awesome match. The serves are unbelievable.

  • salvadorveiga

    this is the 10th “virtual set” they're playing !!! jeeez

  • salvadorveiga

    I'm tired already….

    Federer unbelievable… 109 winners, 50 aces !! I think they should call it a tie…

  • annamall

    This is got to be one of the best EVER expecially if Rog wins!!

    A. Rod has come a long way in his playing! God the speed on those serves is frightening..:)

    me too.

    I feel it coming for Rog “THE WIN” is near!

  • annamall

    Now 15!!! and they both look great!

  • salvadorveiga

    NUMBER 1 !!!!!!!!!!!!!!!!!!! YEAHHHHHHHHHHHH

  • annamall

    ITS DONE I knew it was close!!! OMG I am so happy!!!!!! Congratulations ROGER!!!

  • annamall

    WHOOOOOOOOOOOO HOOOOOOOOOOOOOOOO! so happy so thrilled. yes!

  • annamall

    I love the commercial where Fed is lugging his trophies to the airplane!!! hehehe

  • fballislife

    Odd comment to make considering how close it seemedbut it felt like Fed had that the whole time during the extra time, no?

    Great Match!

  • salvadorveiga

    i feel bad for A-Rod … 3 times runner up in Wimbledon all against Roger =/

  • molecool

    Can we go back to trading now before I start deleting comments here?

  • annamall

    yes, sweetie! 😀

  • Lordted

    YESSSSSSSSS……

    What a match!!! I'm exhausted here….

    BBC feed has got Borg, Sampras, Roger and Laver together by the Winners
    board… History or what?

    My hart goes out to A Rod,,,

  • Lordted

    6 week rest now… thank God.

    See you all on Monday.

  • onorio

    The worst cenario possible was something like this :

    888-930 was a wave (a) of 2/A
    930-896 was a wave (b) of 2/A (Flat)
    and we`re in for a (c) of 2/A above the 932

    This woudd make a second right shoulder (like the left) and the the majority of people that are ready for the H&S out of the way.

    That way and if (a)=(c) we`re in for 938pts, arround the 72% retrace of 956-888.

    Max pain is the name of the game.

  • http://trading-to-win.com/ DavidDT

    Few trading ideas while waiting for my plane…eh for the plane.

    PPH (and biotech in few days) – short on weekly (and a lot of big pharma names look prime for substantial downside.

    SPX – I think this is what is going to happen
    it will close few dyas in the rows in the area of 890.35
    then there are two possibilities:
    1. down to 875.2
    OR
    2. down to 847.2
    where (and it has to be watched WHEN) – it will proceed to 1020 area and this is where the next big shorting opportunity will present itself.
    http://www.screencast.com/t/IZvIIKRF

    Latest trade signals
    http://screencast.com/t/vuYTZeVen3P

  • OJuice

    I live part time in the US and part time in Vancouver. I agree, the housing market is completely insane. I wouldn't even consider buying property at these levels, but, I know a lot of people are.

    Perhaps it will just take much longer for Vancouver to feel the crunch. Post olymipics and new levels of pain in the US might be a perfect one two combo for March 2010….

  • ropey

    Huge OI mentioned before at 90 and 95 – i think they'll chop till after June – we closed at 920 last opex i think so somewhere in 890-910 would seem right, i don't see >930 at all unless they pull a rabbit out of the hat. I think you're right on the skepticism, my belief is late June/early August is when they'll break the range – people have place huge bets either side of the market and the most pain right now is to hold the market in that range until after opex.. The banks report in 2 weeks ( the week of opex ), i'm expecting a blowout from GS – question is where will the price be prior to that, if they close 130s/low 140s i maybe tempted for a qukck pop to long side >150-160 – it's entirely feasible.
    As for C/BAC blargh…who knows, i wouldn't touch them with a bargepole personally.

  • Keirsten

    Hope everyone had a safe and sane 4th. I did not see Curly, but I did flip the bird at the Fed Reserve building.

    Here's my chart on the VIX going into tomorrow.

    http://tinyurl.com/o9spy7

  • annamall

    Hey sistah, hahah you are too funny!!!

  • onorio

    I think VIX is gonna break that TL soon.

    It seems like a clear ABC if not complete, almost complete…(c) wave is 0.6 of (a) arround 25.

    Sorry for use your chart K. :-)

    http://www.screencast.com/t/ULPBs5kH

  • Keirsten

    Okay- but every time I do the truth serum I end up blurting out something I wish I hadn't said- so BE CAREFUL! ROFLMAO. For me tequila is truth serum.

  • Keirsten

    Nah- glad you did that Ono- the more we huddle on these things the better for our bottom lines. 😉

  • http://www.ambgtrading.com/ amgrant

    There is a lot of money here from all parts of the world. Vancouver probably has more millionaires per capita than any other city in Canada.

  • annamall

    I just sent you an email! OMG it is!! I have to make sure I am careful! (I have done the blurting too in the past!) YIKES

  • Iguanadon

    Interesting stuff developing over the weekend. Seems some important computer code was stolen from Goldman Sachs… There's a story on CNBC website, but Zero Hedge is on top of it in more depth.

    http://zerohedge.blogspot.com/2009/07/is-case-o

  • http://www.pacfreehotwater.com steveo77

    The infamous “Boatload O’ Candle Patterns”

    Appreciate comments, I will likely enter short orders — ignore the longs — but if someone sees omething that I don't please advise.

    Here are some interesting tickers, and on the link, you get annotated charts

    AMB, AMZN,AUXL, BKD, BX, BXP,CHK, CRI

    http://oahutrading.blogspot.com/2009/07/boatloa

  • http://www.pacfreehotwater.com steveo77

    Futures dropping and taunting the lowest channel line…..

    If this breaks….then TSHTF.

    http://oahutrading.blogspot.com/

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    Careful – it's a monster post.

  • molecool

    “but if someone sees something that I don't please advise.”

    Kindly divert your attention to my latest post 😉

  • ropey

    Huge OI mentioned before at 90 and 95 – i think they'll chop till after June – we closed at 920 last opex i think so somewhere in 890-910 would seem right, i don't see >930 at all unless they pull a rabbit out of the hat. I think you're right on the skepticism, my belief is late June/early August is when they'll break the range – people have place huge bets either side of the market and the most pain right now is to hold the market in that range until after opex.. The banks report in 2 weeks ( the week of opex ), i'm expecting a blowout from GS – question is where will the price be prior to that, if they close 130s/low 140s i maybe tempted for a qukck pop to long side >150-160 – it's entirely feasible.
    As for C/BAC blargh…who knows, i wouldn't touch them with a bargepole personally.

  • Keirsten

    Hope everyone had a safe and sane 4th. I did not see Curly, but I did flip the bird at the Fed Reserve building.

    Here's my chart on the VIX going into tomorrow.

    http://tinyurl.com/o9spy7

  • http://www.hotoptionbabe.com annamall

    Hey sistah, hahah you are too funny!!! Tonight is sushi and SAKE ( truth serum!! ;-))

  • Onorio

    I think VIX is gonna break that TL soon.

    It seems like a clear ABC if not complete, almost complete…(c) wave is 0.6 of (a) arround 25.

    Sorry for use your chart K. :-)

    http://www.screencast.com/t/ULPBs5kH

  • Keirsten

    Okay- but every time I do the truth serum I end up blurting out something I wish I hadn't said- so BE CAREFUL! ROFLMAO. For me tequila is truth serum.

  • Keirsten

    Nah- glad you did that Ono- the more we huddle on these things the better for our bottom lines. 😉

  • http://www.ambgtrading.com/ amgrant

    There is a lot of money here from all parts of the world. Vancouver probably has more millionaires per capita than any other city in Canada.

  • http://www.hotoptionbabe.com annamall

    I just sent you an email! OMG it is!! I have to make sure I am careful! (I have done the blurting too in the past!) YIKES

  • Iguanadon

    Interesting stuff developing over the weekend. Seems some important computer code was stolen from Goldman Sachs… There's a story on CNBC website, but Zero Hedge is on top of it in more depth.

    http://zerohedge.blogspot.com/2009/07/is-case-o

  • http://oahutrading.blogspot.com/ steveo77

    The infamous “Boatload O’ Candle Patterns”

    Appreciate comments, I will likely enter short orders — ignore the longs — but if someone sees omething that I don't please advise.

    Here are some interesting tickers, and on the link, you get annotated charts

    AMB, AMZN,AUXL, BKD, BX, BXP,CHK, CRI

    http://oahutrading.blogspot.com/2009/07/boatloa

  • http://oahutrading.blogspot.com/ steveo77

    Futures dropping and taunting the lowest channel line…..

    If this breaks….then TSHTF.

    http://oahutrading.blogspot.com/

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    Careful – it's a monster post.

  • http://evilspeculator.com molecool

    “but if someone sees something that I don't please advise.”

    Kindly divert your attention to my latest post 😉