Yes, it’s that time of the week again – when Mole’s mental gymnastics attempt to catch a small glimpse at what the future might have in store for all of us. Let’s not forget – no matter which way the tape swings, for every winner inherently there will be a loser. The market is a seductive but cruel mistress whose insatiable appetite for an unremitting flood of gamblers and suckers is only matched by its merciless swiftness when enacting punishment on any poor soul lured into betting on yet another ‘sure thing’.

My goal in presenting the following charts, views, and analysis is to keep you out of reach of the most punishing blows the [...]

Here are two late night goodie for you guys:

CF looks pretty shot to hell to me – long position and I’ll set a stop below those two trend lines.

CHK is about to run off it seems – do not chase it. Only grab it if it drops below 23 tomorrow or on Wednesday. If it does set a step roughly where I am pointing here.

The story is on the chart – FSLR looks like it’s ready to get its ass whopped again. Short with a tight stop as it doesn’t look very clean on my momo indicators.

Cheers,

Mole

This is one of my favorite charts, and it continues to be worth gold:

Not sure how this works and why (well, I do have a theory) but every time we hit the bottom or top of this trend channel the tape makes a u-turn. Based on prior occurances chances are the down trend continues, at least for a few days. I’d give it to about 0.5 – then take profits and call it a trade.

Disqus is down again today it seems – sorry, but this one is out of my hands. Why they have to put a new database into production on a Monday morning is beyond me quite frankly…

FWIW – I’m not trying to be a drama queen. After some meditation on the subject (and dozens of emails giving me shit for quitting) I stick with my point that the current format is not what I envisioned when I started Evil Speculator.

I only have myself to blame. In the past few months I have not given you guys everything I could to make you succeed. This whole blogging thing started to turn into a routine: Go bearish near the top – have fun – endure a relentless reversal – get stopped out. Meantime Geronimo was doing fine but I did a lousy job communicating that and also neglected my daily updates on the Zero. The tape was clearly wearing [...]