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Not Bucking The Down Trend
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Not Bucking The Down Trend

Not Bucking The Down Trend

by The MoleMay 22, 2009

2:10pm EDT: Sorry, I couldn’t think of a clever title. In any case – watch our purchasing power literally evaporate before our very eyes:

If we breach below 77 we might be in real trouble as this could start looking like a third wave – the implications of which would be that we’ll drop a lot further. What’s interesting is that equities are not exploiting this. Meanwhile Gold is on the run – glad I didn’t short that sucker a week ago.

Pretty soon I’m going to have to ask for all subscriptions to be settled in Euros or Yen – I’m only half kidding folks 😉

2:46pm EDT: Quote Of The Day:

Possibility and probability are different — Robert Prechter

BTW, 896/897 is in reach now and I’ll be loading up on puts yet again once we touch that mark. 900/902 will be the next.

3:25pm EDT: Damn it! I was waiting for one more point when it all fell apart – LOL. Well, my existing puts are smiling big time now – nice way to head into the weekend.

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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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