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Back From Whence We Came
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Back From Whence We Came

by The MoleOctober 31, 2012

A quick update on the E-Mini. This morning I was lamenting that we had missed that 100-hour breach. Then I stepped out for the gym for two hours and just came back to see this:

Most interesting – we just dipped below. Also note that the daily NLBL seems to be holding thus far. It’s a bit early to jump to conclusions here but I wanted to make sure everyone is at point. It’s permissible to be short here with a stop above the 100-hour, which is doing us a favor by moving sideways.

However, I don’t think the fat lady has sung just yet. The downside range on today’s Zero Lite is very minimal. A -1.0 signal would be more promising, -2.0 or higher would be ideal. The -0.4 spikes down here speak of minimal participation while everyone is kicking the tires of the U.S. markets.

The inflection point on the hourly is valid – but I would monitor it regularly as a surprise spike would not be uncharacteristic based on prior precedence.

Cheers,


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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  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Tough choice to make. I am currently long the mkt with a tight stops through the treasuries. I am new here to… Did 0 shows a divergence bcos the second low (double bottom?) was made with less selling participation than the first bottom at 0 lite? Tks.

  • http://dartht.blogspot.com/ Darth_Gerb

    I concur.  that fib fan line, is going to support, and 1400 is a psyche level too.
    [ES]
    http://s7.postimage.org/gxlpcgfmx/temp1.png

  • Skynard

    Long /ES now, see what happens. ZL does not seem to support the move.

  • Skynard

    IH&S hourly.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    okie, let’s hope we dont hug and die together… for admin. amusment… lol 😉
    side note – i think i can understand and relate to the red-green lines better than the white line… Treasuries didnt make a higher high so far.

  • Joe_Jones

    Closed 1/2 of short position on that pos div. Leaving 1/4 in case we visit ES 1390. 3/4 in cash now.

  • http://evilspeculator.com molecool

    The Zero is a compound of the red and green lines. BTW, the new Mole signals are based on those as well. I’m currently coding it in NinjaTrader and am discovering very interesting things. Will keep you guys posted.

  • http://evilspeculator.com molecool

    Does f…ing ZH put up a tweet every 30 seconds now? Seriously… talking about tweetarrhia..

  • Joe_Jones

    who cares….

  • http://dartht.blogspot.com/ Darth_Gerb

    what is ZH?  (Gerb stuffs the mag under the covers)

  • Joe_Jones

    VIX is getting very close to busting its upper 20 d BB

  • ridingwaves

    SVM looks like Cup and handle complete on daily…now time for big move north…sitting on 20, 50 a tick or 2 away…I’m scaling in…

  • Joe_Jones

    If ZL can’t turn positive now, I think I’ll add a 1/4 short

  • Rightside_ot_trade

    Their adrenals must be completely burned up

  • newbfxtrader

    Meh currency markets don’t agree mate.

  • bdoone

    Wonder if its some kind of ‘hurricane sandy’ premium the MM’s are adding since we’re only -.2% and VIX +5.5%.  Could be a slow walk up to catch shorts napping, start some covering, dip buyers get in the act, VIX drops like a rock, MM’s cha-ching $$$.
    I bottom picked a handful of YM 12992.

  • newbfxtrader

    Just follow the money ahem FX markets.

  • Skynard

    Election next week folks, someone needs to look good:)

  • ridingwaves

    look at the fx vix for utter mm domination…

  • http://evilspeculator.com molecool

    I just can’t wait for it to be over.

  • Tronacate

    Such a mess of lies……stupid

  • http://evilspeculator.com molecool

    Spoos back at 100-hour buy line – don’t miss it.

  • Skynard

    Second that, we could have solved the hunger problem from the amount of LITTERature that I received in the mail:)

  • ridingwaves

    republicans and democrats, same shit, 2 different piles…

    great bumber sticker…brings lots of ugly looks and you could care less…

  • AMCabrera

    hello everyone. Well I cleared up my eur/usd (long at 1.2930) and eur/jpy (long at 103.00) both I figured would range and thats all im taking is range profits, finally my usd/sek short worked when I re entered 6.680. NOw all three are dead to me. My new project will be the eur/aud so Ive entered here long with a stop at 1.2450. Then there is one more I want to try and im only trying it because I think it could become explosive usd/cad (long just now) stop will be 50 pips away.

  • AMCabrera

    LOL!!

  • http://dartht.blogspot.com/ Darth_Gerb

    who cares?  I want to know what your old lady is trading.
    ;-P

  • Joe_Jones

    Expanding 20 sma BBs on VIX could be conducive for a rocket move
    http://stockcharts.com/h-sc/ui?s=$VIX&p=D&b=5&g=0&id=p00951622599

  • Joe_Jones

    I wonder what GS has in mind…

  • Joe_Jones

    added 1/4 short QQQ

  • Skynard

    Full position long /ES

  • Skynard

    5 min IH&S.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • Skynard

    Next stop SPX 1420 test

  • Joe_Jones

    bitch!

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/d7fea376-6818-469d-8986-ea770bf8a0c6/2012-10-31_1552.png
    lol funny you ask…shhh dont tell anyone but I saw what she did. at 14:00 is where she apparently entered again, she was stopped out at 4:00. I guess she entered again at around 6:00 then she took profit at 14:00. I dont blame her but I would have probably like that one run.

  • ghostlines

    Is that the depth of your thinking? God have mercy, Christ have mercy.