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Exxcellent!
46

Exxcellent!

by The MoleAugust 27, 2013

You may be thinking that I’m crying over being stopped out of Friday’s long entry but nothing could be further from the truth. As a matter of fact this is exactly the scenario I was hoping for (and I think I mentioned that on Friday as well as yesterday). Sometimes winning one battle can lead to you winning the war.

So what exactly is the reason for Mole’s sinister enthusiasm? Well – let me put it this way: Where certain myopic others merely see a single failed campaign I happen to focus on the broader picture. And in my not so humble opinion we may just have been handed the big one – the real McCoy – the big Kahoona. As in the type of setup that only happens once or twice per year – IF that.

Exxcellent…

But before I dispense the goodies let’s catch up with yesterday’s short entry on the Dow. Obviously it remains to be the weakest of the equities trifecta and I couldn’t resist a short when it was trading below its NLBL and that 100-day SMA. Looking good today and perhaps this was the proverbial last kiss goodbye (LKGB). If you followed me into battle here then do nothing – let ‘er run.

Alright – on to the big kahoona – unfortunately I could not possibly share this one with the leeches. So if you want to play then jump over the fence and become a proper steel rat:

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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 various social media waterholes below.
  • momac

    ahh, come on, share it with the leeches. :-)

  • SS_JJ

    Thanks for making it easy Mole.

  • SS_JJ

    Maybe you should start a focus group with the Gerb and attempt guessing what’s behind the paywall.

  • momac

    sounds like a plan. :-) what ‘d you think Gerb

  • http://evilspeculator.com molecool

    Hehehe – sorry no can do. I’m running a business and if I can’t pay the bills then Evil Speculator goes away.

  • http://dartht.blogspot.com/ Darth_Gerb

    don’t anger the Cap’n, he’ll throw us over board.
    do put your ear to the door, maybe you can get a whiff.
    -DG

  • momac

    agree on that. :-) thanks for the post Mole!!!

  • Dyellowflash

    negative5792 – ZL 5m really looks like Trend Day material today :)

  • momac

    damn, the ppt better step in quick, es has lost the fib and 100 day, and sitting on a nlsl.

  • Skynard

    Wow, did not expect this move. WTF!

  • momac

    the miners and platinum are getting whacked, alot of times, they lead gc and si. might be time for a pull back, it’s been a good run

  • ridingwaves

    on the bright side for housing/fed is the 10 yr has dropped from 2.93-2.71…go fed go…

  • Ronebadger

    VIX “step 1” is still cranking

  • Skynard

    Amazing how the ZL signal remained small until the last push, capitulation?

  • Skynard

    Marines are back,

  • Dyellowflash

    Hi Mole, can help update the daily zero? thanks a million!

  • Skynard

    Hehehe, AUD tearing it up now. Bullish sign:)

  • beentohardknocksU

    Not being gifted with prophecy, I can’t see where the see-saw will shake out but I will say that Mole seems to have called the battle line: right here at /ES 1631.5.

  • http://evilspeculator.com molecool

    And there she goes…

  • http://evilspeculator.com molecool

    Will do mate – tomorrow morning.

  • http://evilspeculator.com molecool

    The fact that it’s expanding is extremely interesting. Can’t wait for the close.

  • http://evilspeculator.com molecool

    What do you say folks – shall we have those stow-aways walk the plank?

  • Skynard

    That was an amazing day, learn more everyday:)

  • ridingwaves

    bull pushes are met with some heavy selling..added to shorts

  • amokta

    Looking like a trend day, if im not sadly mistaken :-)

  • Skynard

    That is one massive div now 5 min.

  • Darkthirty

    Profit taking ramp or GMTFO! tank for EOD?

  • Dyellowflash

    It seems like there was intense volume after the previous low for ES was taken out. That seems strange – I mean r there a lot of people who put stops a few points below the previous low asking for MM to stew them out?

  • amokta

    1630 round number, lets see reaction

  • ridingwaves

    throwing some stuff at that 130-1 number

  • SS_JJ

    Imagine what would have been the day without POMO ;-P

  • http://evilspeculator.com molecool

    Check it out guys – growing selling pressure into the close:

  • ridingwaves

    rats are getting out..block trade selling looks like distribution on any bull pushes…

  • ridingwaves

    Merkel: Greece should not have been let into the the Euro..no kidding..

    I would visit Greece within a year on switch back to drachma.

  • Ronebadger

    VIX Step 1 … now what?

  • Darkthirty

    2?

  • BobbyLow

    Hey what’s a few more Billion Euros? LOL

    I was just thinking the other day that we hadn’t heard much about the PIGGS especially Greece lately and Boom’ – here we go again?

    As the old saying goes, “The more things change, the more they remain the same”.

  • http://evilspeculator.com molecool

    Seriously? She said that? I guess she really wants to win that election in three weeks. A lot of Germans are pissed – I read Spiegel almost every day and the comments are very negative across the board. But in the end the old bird will probably somehow pull through – you know how it goes – voters are sheep and they are afraid of change.

  • http://evilspeculator.com molecool

    Wait until AFTER the German election – they have been keeping things quiet throughout the summer.

  • http://evilspeculator.com molecool

    Three votes – two more and you guys sleep with the fishes.

  • RacerXX

    Mole said we should all follow him on his TSLA short.

    http://youtu.be/HkvYvk8vxuw

  • http://evilspeculator.com molecool

    FYI – CrazyIvan.30 on the AUD/JPY in the past day:

  • http://evilspeculator.com molecool

    Forgot the image:

  • convictscott

    NEW POST!!!

  • convictscott

    spectacular!

  • http://dartht.blogspot.com/ Darth_Gerb