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Dance Of The Parasites
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Dance Of The Parasites

Dance Of The Parasites

by The MoleSeptember 12, 2012

The EU parasites are dancing in the streets today after Germany’s highest court in Karlsruhe paved the way Wednesday for the creation of Europe’s €500 billion ($640 billion – almost real money) rescue fund for indebted governments rejecting calls to block it. Since I speak the language I regularly visit pertinent German political forums and let me tell you: The voters there are not pleased – and that’s a vast understatement.

Once again this proves my point – it’s useless to spend much time or energy on this silly media circus (and the same goes for the current U.S. presidential election). Those guys are going to push through whatever they already set out to do decades ago. Will of the people be damned. Any vestiges of resistance will be chiseled away or creatively navigated around. The system will get what it wants eventually – it’s just a matter of time and cost. Cui bono.

At the danger of sounding like a broken record: You can’t beat the system – just go with the flow. That is our mantra here at Evil Speculator – like it or not. And it is not a defeatist attitude – it is a realistic one as we understand the forces at work and we do not fight battles we are unable to win. If you have any trouble accepting this then at least make sure to keep this ole’ tune running in a loop during trading hours. It’s one thing to be upset – it’s another to be upset and broke at the same time.

Not surprisingly equities are continuing to melt higher. I don’t see anything of value on the daily chart but the hourly panel was worth pointing out today. That 100-hour SMA has been acting as firm support recently and it seems that now the 25-hour is joining the fray. This could lead things higher and has the side benefit of giving us an early warning system for when equities are ready to roll over . In the meantime I suggest to simply follow support higher – use both SMAs as your support line and you should be good to go.

The Nursery

My ZN long got stopped out below the 100-day SMA today and I am now short as this could lead much lower. However, there is a distinct possibility of a ‘last kiss goodbye’ move. So if you missed the short entry then I would probably wait for that bounce.

Copper gave us good entry and has now officially met our target objective. Cash out and wait for further instructions.

Ole’ bucky approaching support. However as I mentioned yesterday – I will not make the mistake of underestimating its suicidal tendencies. So before I even think about a long position here I want to see some bullish candle pattern or signs of a floor. Obviously I will post an update if something of interest transpires.

After I posted the cotton setup yesterday it dropped through both SMAs and I decided to take a small short position. Which was rewarded today as we moved quite a bit. I am not taking profits just yet – waiting for 71.9. This was a quick move and if I’m lucky we get a bit of a long squeeze.

It’s a pretty slow day but I dug deep and and managed to produce three juicy setups. Subs, please step into my lair:
[amprotect=nonmember] More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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Coffee has been on a rampage lately – those are some massive candles. Now we’re getting an inside day + NR4. That’s almost textbook and I can’t wait for a breach here. Great setup and this thing knows how to move.

To sweeting things up here is sugar. Someone mentioned it today and as coincidence has it we just touched a daily NLBL. Now I am currently short here but am hoping for a long breach. Reason is clear – this thing has not managed to make it through a NLBL for weeks now and if it does it’ll start a serious short squeeze. Simple trade – be short and have your stop above the NLBL. If stopped out flip the sucka for a long and put your stop below the NLBL. Done.

AUD/JPY – officially a long after the NLBL. BUT it’s at resistance and I am probably going to add more positions if it breaches through. If you missed the first entry then this is your big chance – make sure you wait for at least 82 and then put your stop below the SMA – done.

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Cheers,

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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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