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Rubber – Meet Road
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Rubber – Meet Road

Rubber – Meet Road

by The MoleFebruary 12, 2009

UPDATE 9:39: Now, that was a nice little treat for a delta negative rat like me. My Feb SPY puts are smiling big time 🙂

We got ourselves a clean breach here and it’s just a matter of time now until the rest of the damn gives. Yes, we might slip back into the triangle today but the damage has been done and this is a significant event.

But hre is the really good news: Yen is heavily oversold already and the ES futures were dropping along – nice. However, keep an eye on the NQ, as it’s making a run for the upside right now – it keeps being the leading index, so let’s see if the ES will follow. If so we might fill that gap before we drop further.

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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.
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