Now Reading
Process Of Elimination
317

Process Of Elimination

Process Of Elimination

by The MoleJuly 21, 2009

10:17am EDT: LOL – that was one rough candle right at the open. Probably swept a huge amount of stops by merely one tick or so:

Some bears are having a Turrets attack just about now – I’m sure. Boy, I can’t help but adore the nefarious nature of this market – very entertaining – LOL 🙂

Alright, ladies and leeches – Soylent Blue just bit the dust – it suffered from sudden cardiac arrest when we breached the June 11 high of 956.23. Simple process of elimination bestowed us with one last scenario standing – which is Soylent Green. We might make another run for the top but after the obligatory VWAP reversion games I do see a bit of downside ahead. There will be the expected flailing around and head fakes but down we go – if not today then tomorrow.

The open looked like a good ole’ blow off top to me. Let’s just see what happens – I for one would enjoy some red candles for a change – remember how those look like?

Sign up here to receive my FREE early morning briefing:

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!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator