Now Reading
Quite Elementary My Dear Watson
122

Quite Elementary My Dear Watson

Quite Elementary My Dear Watson

by The MoleAugust 4, 2009

Well, its’ quite elementary, my dear rats. The key in cracking this mystery lies in the Dollar:

Which is getting pounded into the sand again this morning. Unless this thing finds a bottom and snaps back equitity traders (most of them being bullish at the moment) have little incentive to start taking profits. And that in turn is the rub – the big bears are MIA and selling will only ensue once the bulltarts think it’s time to take profits.

So watch the ole’ buck – which might turn today, tomorrow – tough to say. I’d venture that it will happen ahead of 76.15 – if we breach that one we are all seriously fucked.

As I said – quite elementary 😉

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