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Bear Trap!
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Bear Trap!

Bear Trap!

by The MoleJanuary 28, 2009

UPDATE 10:13am EST: I expect the Yen to bounce back any second now as we just touched its S1 pivot (1.1195 on JYH9). But take a look at this:

We gap at the open and then drop along with the Yen. Right…. we’ve seen that one before. If you’re bearish today, be careful – I think the trend remains to the upside.

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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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