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Diagonal Bull Stop
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Diagonal Bull Stop

Diagonal Bull Stop

by The MoleApril 9, 2009

UPDATE 3:38pm EDT: Yeah, that was some extended breakfast 🙂 200 comments – are you guys insane? I thought everyone was leaving for the long weekend already. You rats hardcore, I give you that.

Anyway, it seems we are closing in on that diagonal I’ve been pimping for over two weeks now. This should provide a much needed damper to all that irrational exuberance of our mouth breathing friends.

“But – oh evil overlord – iconic (and handsome) leader of all lowly rat minions – what is that coveted diagonal you speak of?”

Well, there you have it. Isn’t it a beauty? I’m actually tempted to load up on some puts here, ahead of the long weekend – not much, just a few for shits and giggles. What say you – rats of bearish inclination?

Alright, 25 minutes to go – maybe the bulltarts can push this shit up a few more points 🙂 BTW, did you guys see that gap in the VIX – we’re around 37 right now! IV crush alone should be good for a few bucks on Monday – heck, I’ve seen a lot worse setups…

Bonus chart!!

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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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