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Get Out Of Dodge
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Get Out Of Dodge

by The MoleDecember 2, 2010

A friendly reader reminded me to check the ISEE last night – and boy was I in for a surprise. Listen folks – they will play their game during the X-Mas season and make sure that all those December index puts will expire worthless. But be this as it may – it’s time to get out of dodge.

Why? Look at this juicy chart:

Quite frankly folks – it doesn’t get much sweeter than this. As I said in the teaser – they will probably keep equities on crotches until after OPX, but I expect some serious fireworks once the bus is completely empty. A 327 reading is simply ridiculous – especially if it follows on the footsteps of a 113 reading. Also worth noting is that both were way way outside the 2.0 Bollinger.

In case you are a noob and don’t know what the ISEE is point your browser here.

Bottom Line:

We all know December is paint the tape month – so I don’t expect an instant response here. Be this as it may, my point stands. Get out of dodge as soon as possible – equities are a train wreck waiting to happen.

Wait a minute – what did I just board to get out of dodge… crap!

😉

Mole


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.