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Moving on…
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Moving on…

by The MoleSeptember 24, 2008

Alright, I have decided to yield to public pressure and to press on with my daily shenanigans. We might have to skip a day here and there but we’ll keep it coming. Obviously it’s a bit too late for a full analysis tonight but yesterday’s post should get you through as not much has changed.

However, in a nutshell: Although remaining steadfast in our bearish proclivities Berk and I are expect a bull run any day now, as Congress invariably will make concessions and approve ‘some kind of bailout’. This may come before or after the weekend. In the interim I encourage everyone to keep your exposure extremely limited as the market can turn on a dime on such low volume. Many participants have moved to the sidelines, leaving the door open for much volatility and the occasional monkey business.

We also believe that a bull rally would actually benefit us bears more than a continuous drop at the current time. First, we would be able to enjoy cheaper options due to a lower VIX, secondly we would benefit from additional downside potential, and thirdly it would move us further away from the ‘PPT panic line’ (hence coined PPTPL) I charted over the weekend (if you haven’t seen it take a look) and reduce the risk of further interventions of free functioning market activity.

For the impatient bears among you: Remember, revenge is a dish best served cold.

Many thanks to everyone for all the warm and encouraging words and the big vote of confidence for Evil Speculator. We will reward your mindless loyalty with extra devious ramblings and a new and improved plan for market domination. I leave you with this little goody:


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

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  • C.C. Rider

    I'm not going to take it anymore!And who is an illusion?

    http://www.youtube.com/watch?v=MTN3s2iVKKI&feat

  • http://www.slopeofhope.com Tim Knight

    Good to see you back in the saddle. And I have the same concerns about “some kind” of bailout being put together.

  • bianchitigre

    hey molecool! i'm relatively new to the slope and i've been following your comments and guides. your market insight has helped me tremendously. i've been seriously trading about a year now. i'm still busy learning how to trade/survive in this market and i honestly have lost quite a bit of money so far 🙁 but luckily i found out about the slope of hope recently and i'm now in good hands^^ so please don't stop and don't forget that people like me are counting on you even though we may forget to express our appreciation. thanks mole!

  • C.C. Rider

    Tim, since we are on the same page, why can I not post on the Slope?Have I been Beannied?I spoke with you on the phone last week and it's not on Disqus end or your end.You want people to voice their concerns about your issues.I would like the same benefit in an open forum.

  • Archangel

    As you have returned to the fold foregiveness is granted. Do not pay attention to the faint-hearted venting off frustration when you're seeking market domination.

  • boomer55

    Mole

    Thank you, thank you!!!!!

  • angelo10

    I will watch 1212.00 in SP, for possible short entry. I hear that's where they would sell from the pits. They are still eying 1178.00 below. If 1212.00 goes they call 1222.50 as pretty strong resistance. Good trading to all.

  • Falcon

    Welcome back! Keep up the good work! As to teh whole points thing…”Points? We don't need no schtinking points!” It's just some 3rd Grader posing as an adult. Don't sweat it

  • JZT_CHIL

    I gained 50% last week alone – thanks to Timmay & other posters like you, I was wondering why everyone was complaining about losing so much. I use TA to my advantage, though I know I still have a lot to learn in this changing, global market. We'd love to see more of your analyses, Molecool! Consider that comments on YouTube reflect on average only 0.01% of “views” – your comments here may reflect the same small slice of your “viewership”… when people come back on a constant basis, that in itself is a great compliment to you & your blog. (^_^) Keep it coming, Mole!

  • urszula

    Loved the clip. And even better than that the brilliance of Mole will continue to be seen on these pages. Great news!

  • jcoors

    Awesome, glad you decided to stay – your site is incredible. IMO, you're not getting a lot of comments on this site – even though I'm pretty sure your reach is widening – because you post on Slope. Tim doesn't post here, he only posts on his blog, and so people read and comment on his blog in order to get his advice. You post there as well, often even more than you post here, so why should people post here when they can just talk to you at Slope?

    If you post exclusively, or almost exclusively, to your site, I'm sure your comments here will increase. Just a thought.

  • Ukla the Mokk

    Molecool…thank you for coming back!

    http://www.youtube.com/watch?v=rq2_YKQGE_U

  • Insect Overlord

    Molecool…thank you for coming back!

    http://www.youtube.com/watch?v=rq2_YKQGE_U