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Soylent Rainbow
106

Soylent Rainbow

by The MoleFebruary 3, 2010

Here’s is the updated Soylent Rainbow chart:

As you can see we either completed Minute {1} of Minor 1 of Intermediate (1) of Primary {3}  yesterday or will be doing so by Friday/Monday. Cycle wise it’s also possible we build something more complicated that takes us into the middle of February – we shall see. Today’s closing A/D ratio of 0.623 wasn’t so hot and it would take some renewed buying interest tomorrow to push us towards 1,112 or higher.

Cheers,

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.
  • n2thezonez

    Thanks for posting. I'd lean towards soylent green, though I'd prefer soylent orange.

  • Anonymous

    We’ve made several attempts recently to poke above 1102-1104 and all have failed. (Check Jan. 26, 28, and yesterday.) Soylent green doesn’t seem terribly likely to me.

  • joeynickels

    Really enjoy these EW posts Mole. Am prepared for either scenario. After your last post I added to short positions above 1104 and if we can get higher will put on more.

  • yudhisthira

    Awesome. It seems if the euro breaks through the floor, we have orange.

    If today's euro decline is just a b of 2, then green it is.

  • gcocks83

    Nice post mole, Thanks for you efforts.

  • alessiov

    Following Friday’s sell-off below Key support at 1080, the S&P established a capitulation point a 1066. (I hope not)

    Monday’s pre-market action indicated a rejection of Friday’s low. The initial move up consolidated between 1076 and 1086, allowing professional insiders to reinstate long positions from which the exited last week, i.e. short covering. The S&P went on Tuesday to rally up to near term resistance at 1100.

    All Sectors posted declines, except Technology.

    The S&P traded up to 1099 at the open, pulled-back to 1090 and spend the majority of the session consolidating between 1096 and 1093.

    Today’s price action occurred on below average volume on the NYSE and above average volume on the NASDAQ.

    Consolation after two up-days is normal market behavior. There is nothing unusually about investors taking profit. However, in the context of the recent sell-off from the 52 week high and the retracement back to near term resistance, the question is, will the rally continue or the will the correction return? (It should continue)

    Consolidation is synonymous with two-side trade, i.e. buyers and sellers evenly balanced. As in today’s session, consolidation takes place within defined parameters. Trade activity develops around the session’s mean, with the majority of trade being transacted with 1 standard deviation above and below the common price.

    Consolidation is one of two dominate phase of market activity. Directional movement, i.e. trend is the other. Trends end in consolidation and out of period of consolidation new directional movement begins.

    IF, during the consolidation phase, as bias begins to emerge the astute observer can often get a head up on the likely direction the market will move. For example: look of today sector performance data, check the stocks within the sector that represent the Sector leaders, i.e. large cap stocks that are outperforming.

    IF, during tomorrow session, the negative bias observed today changes and the sectors begins to move higher on increasing volume, the conditional probability would than favor a break-out above the consolidation limit. In the case, the projected move would be an attempt to re-test the 52 week high.

    Alternatively, IF, during tomorrow session, the negative bias observed today continues and the sectors begins to move lower on increasing volume, the conditional probability would than favor a break-down below the consolidation limit. In the case, the projected move would be an attempt to re-test of support.

    It should be noted that, regardless of which direction the S&P attempts to move from the price level, there is both supply/resistance above (1100) and demand/support below (1090).

    Market is very delta negative -77k contracts (lots of new shorts established in today's rth upper range)

    Cheers.

    http://screencast.com/t/ZjkxZDhl

  • ClutchShorter

    BIDU looks like a tasty short. It's running up into earnings. Maybe a few OTM puts for a lottery play. I wish I had one of those in my life time. =)

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    wellcome back boss, nice of you using the rainbow soylent term (and nicer still… err… more evil posting us that candy)

    Agree on 1112 only as a dangerous overthrow, 1105 would be the confortable zone for a down move.

    IF it happens I'd bet on the 1047 area as a first stop and maybe 1105 for a second stage

    beyond 1112 we might be having some helish soylent

    hamster time tonight? too messy…

    bpspx still under ma208, bearish, but flat lately

    spx:gold could use a 1% rise before falling

    spx:cpce ma6 flat after indulcing a dive an bounce from ma208

    gold seems poised to go to 1145 … or maybe not (not first time “god” plays with gold)

    slv:gold seems at support, a jump from here to 0,0152 seems likely, but afterwards, unless it breaks and sustains 0,015, 0,013 is a good target

    hummm, so… gold breaking to 1088 but spx falling less hard, silver rising a good bit

    fair enough boss?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    NEWSFLASH!

    it's FreeWeek at elliottwave.com! Now through Feb. 10

    you know the drill, and at this price you can peruse a lot of doubly expensive stuff (expensive subscriptions, and expensiver advise…. just jocking on that last part, you are always the only culprit of your gains and losses, remember that)

  • http://www.portfoliotilt.com PortfolioTilt

    The S&P 500 fell .55% on light volume. Prices momentarily traded above the key psychological 1100 level, but ultimately closed just under at 1097 for the session. It appears as though we are one “down day” away from a bearish 20/50 day EMA cross http://bit.ly/dwYDlc

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    OOOPS!

    it's the forex data that they're giving for free (and right now everybody and his dog knows it's not the moment for bitchslapping good old bucky in the midle of a 3rd of a 3rd… regardless of this being impulse or corrective you don't play against 3's or C's)

  • http://evilspeculator.com molecool

    If this type of comment count continues I'm going to stop posting here – seriously.

  • http://trading-to-win.blogspot.com/ DavidDT

    brown, definitely brown

  • ClutchShorter

    Come on rats! This is EVIL SPECULATOR!!!!! Bent on market abomination.

    Market will probably trade sideways over the next few days up to the employment report Friday. There are rumors about an 800,000 upwards revision in unemployment. I'm not sure how valid that is but we'll have to wait to see if the 10% holds. If it's below 10% fade the early morning rally. If it is above 10% I expect to see some selling strength.

    HotOptionStud

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    probably dinner time for yankees and past bed time for europeans

    I already did my part, commented on your post, did my home work, and gave a bonus (EWI forex free week info)

    RATS! come over here and show Mole it's a timming issue (I want to see some likes for our evil overlord)

  • ClutchShorter

    Does anyone know how I can subscribe to all comment threads via email? I don't want to keep subscribing to each thread.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    1045 or 1005? is it shit bricked or sprayed?

  • MariAroma

    Mole, did you know that Disqus was “down” on this site earlier Wed? And has been “acting up” from time to time here and elsewhere?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    clutch… that “hotoption” stuff just works if you talk about your lingerie… and I don't care how good people say you look on lingerie….

    Post a photo and I'll ban you

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    share some love, give our master a like, click a link, buy a t-shirt, send him an underage Phillipine girl…HELP ME

  • MariAroma

    And the real-time update feature keeps going back to “Pause” each time I refresh.

    For those that like to keep the rolling comments coming in, click on “Enable” under the comment box above.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    step one subscribe to current thread
    step two, IF message= “NEW POST” you open your browser READ THE GODDAMNED POST just 2 or 3 daily, and subscribe to the thread… simple

  • ClutchShorter

    Thanks HotOptionHamster

  • http://trading-to-win.blogspot.com/ DavidDT

    since Mole is secretly visiting my lonely place and while there intensively clicking and clicking without taking credits for that – I always return the favor, every day, long time….

    where is that thingy I suppose to click again???

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    in his comment (and some links would help for advertisment) for the philipine girl… send her to me I'll test drive her first

    and thanks mad russian 😉

    BTW With the visible likes I saw Kerstein drops by more often than most, any chance she might want to comment from time to time?

  • gcocks83

    Thanks for the nice post.

  • momac

    Is this because of the numbers from the beginning of last year being updated? I heard about that a couple of months ago.

  • momac

    I agree, I think it's got a bit more to the upside first and then hammer time. :-)

  • ClutchShorter

    I am not too sure. It's possible but we know that they can't keep playing these games. They are just deferring the inevitable.

  • charles_smith

    Is that a teeny little gap at 1127? I hate to say it but the general skittishness, the put/call and rising VIX make me think this retrace will have more legs than most expect. I know H&S are like mirages on a desert highway, with the warm small of colitas rising up through the air, i.e. they're always shimmering on the horizon, but this looks like a complex H&S to me, with the triple top marking the head and the shoulder line around 1135.

    If the SPX clears the 1114/50-day MA level then the odds favor another leg up. Too much short interest/puts for my taste. Too many people are betting on the big leg down. All those punters have to be blown out before the next short setup. Too many punters are already targeting the 8th as a top, so it seems likely it will run the full 10 days as per the moon cycle.

    OK I've had a glass of excellent Zin (Sobon Estates) and these are intuitive meanderings… but I've got a bad feeling about this expectation of a major plummet by 2/8 or 2/9….BTW Mole I STL so please count my post five times….

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    You test the hamster's leniency? 😉

  • momac

    I would like to order soylent orange please. :-)

  • charles_smith

    Momac, I understand your order, but a double helping of soylent green to the 1132-35 level will make a better setup.

  • http://trading-to-win.blogspot.com/ DavidDT

    OMG!!! Are you saying that she and DavidDT still visiting this rotten, decadent, rodent infested place????? I need a drink, I need to figure out what I will do from now on :(((

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    careful what you ask for, beyond 1110's I'll probably take my losses and go long till 1170's

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    once a rat, always a rat…

    drink a caipirinha to the hamsters

    Na zdrovyeh

  • http://trading-to-win.blogspot.com/ DavidDT

    Mole said: “Plus they have boobs – I like boobs… :-)”

    Did you say it like that: http://www.youtube.com/watch?v=sZHCVyllnck ?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    seriously, I see 1005 as a bit of a line in the sand, 1047/1005 if we break here, 1172 if we don't… what are your numbers?

  • http://trading-to-win.blogspot.com/ DavidDT
  • skynard

    What if we 1120 was in order?

  • elliott_surfs

    Same problem here, usually unaware of recent comments because the pause keeps resetting with the refresh – what MA says

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    you also have 1047! )it's lower BB13,2.618

    as for 1113 acceptable ONLY with a close below the ma13

    thank you!

    p.s. what about the 1005? any news from the russian front? I'd like at least a touch of the lower bb104,2.618 and a test of the ma208

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    not now it isn't, if it is then 1135 is a bare minimum

  • skynard

    What will this data produce for Friday? Even larger job losses.

    http://www.bloomberg.com/insight/birth-death-mo

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    short only at 470, and careful , drop some at 430, 410, 390 and any new highs after the drop from 470 means 540 is just around the corner

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    REPOST

    Our beloved evil leader said

    “If this type of comment count continues I'm going to stop posting here – seriously”

    I SAY

    share some love, give our master a like, click a link, buy a t-shirt, send him an underage Phillipine girl…HELP ME

    P.S. And apart from reposting my original request , and obviously… POST/COMMENT, anything fresh? any trade? ideas? critics?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    Any moderator avalable? I'M LOGGING OUT

  • http://trading-to-win.blogspot.com/ DavidDT

    no life guard on duty???

    Uh-ha!!! I can finally misbehave !!!!

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    you want to see the hamster in “NKVD mode”?

    just tell me if you also see 1005 next;-)

  • momac

    I agree, but by then I'll be freaked out again and afraid to pull the trigger.

  • boldventure

    ” IF this type of comment count continues I'm going to stop posting here -seriously”
    Grap a tampon you pussy. Everytime things don't go the way you like you post this bullshit about how your going to stop posting and close the site….. Do it,,,! You look like a total asshole making your idle threats time after time. If you knew your ass from a hole in the ground you wouldn't have to make these threats let alone be starting other business ventures other than trading. I've never met you in person or know you personally, but I'm sure I know a great deal about you. Prolly spoiled since a youngster , maybe only child or baby of the family. Prolly never invested any of your hard earned money, only that…. that was given to you. You wear your emotions on your shoulder like my sister. You get your panties in a bunch everytime the results aren't what you want. I'm sure as a trader ( if you really even do trade real money) Your emotions make you break even at best, and most likly you have lost most or all of the money your daddy or mommy gave you. Get real, get a life and quit making your idle threats to the sheep who know no better and follow you.

  • http://trading-to-win.blogspot.com/ DavidDT

    too far out for me :)
    really need w4 to confirm (this is where SPX possible at right now, but minimum requirements are not there yet)
    Still painting targets based on Fib off w1 – works damn well for now – 1135-1144 was a show stopper based on Fib/DeMark combo – worked like charm…for now.

    “NKVD” JeeWiz Luise – someone younger then 100 years and living outside of the former box also known as heaven with no crime and drugs know what that is? Impressed I am Master HamS_Ter

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    BOLD! remain civil or else

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    ok, keep me posted on your numbers… please

    p.s. knowing the past is important for seeing when it comes around again.. and it is slowly creeping back (watch out from 2020's onwards)

  • Sleepynaptime

    Can't find the link but I think what I read earlier today indicated that the 800,000 revision was to the 2008 numbers.

  • http://evilspeculator.com molecool

    Meh – I got over it – but it's still a bit frustrating.

  • BigHouse(Aka Mr Vix)

    Its a great time to buy Dec spy puts….If Primary Wave 2 is done, then Dec puts are a good bet….

  • PRSGuitars

    Tangential Lady Gaga lookalike research…

    http://screencast.com/t/NzZlYmRhYjYt

    I am personally very impressed, as this reference is both VERY close to her outfit AND exceptionally random! Like, seriously, if I could pull connections out my head like this all the time, I'd go on Jeopardy.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    I expected as much, but couldn't hurt giving a hand 😉

  • bananaben

    Somehow I get the feeling we are all going to get hosed again and I think I detect a lack of conviction from Mole. Anyway, I'm sticking to plan. I'm about 70% short the rest in cash. Will go fully short by 1110-1115 if it's reached. I'm moving my stop up to 1121 (62% retrace). If we drop from here and we break 1080 convincingly again I will also go fully short at a higher price.

    I truely believe in a P3 wave with every fiber in my body. This is the best setup for it since Oct. Everything is in place but I still feel we need a catalyst – something that the market really doesn't expect. You have to give it to the money printers – they have done an incredible job of keeping a lid on this shitstorm so far and we cannot underestimate them going forward. Hope to see you all on the other side!

  • http://evilspeculator.com molecool

    “I detect a lack of conviction from Mole”

    You are so full of shit.

  • bananaben

    I hope I'm wrong. We'll be all in together then!

  • jacksoo

    Just kicking some things around; thinking 1102 and 1087 are important, typically we're being held smack in the middle – b'stards.

    http://www.screencast.com/users/jacksoo/folders

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    boss, i thought you only had two colors on the rainbow and both strongly pointing down within less than 15 points up, one of the most “hardcore predictions” that i have seen… (i have stronger doubts)

    if that's lack of conviction…

    well, rest and cool down 😉

  • http://retracementlevels.zstock7.com/ zstock, Pro Select!

    I have more winners, lined up! I'm hoping AMTD goes to 16.5.
    -AMTD chart, Long at $16.5–

  • http://retracementlevels.zstock7.com/ zstock, Pro Select!

    Isn't the market usually down, ahead of the employment report?

  • http://evilspeculator.com molecool

    I'm just so sick of people and their big mouth without being able to back anything up.

  • http://oahutrading.blogspot.com/ steveo77

    Waves! 1 to 5
    I find it curious that so many people expect an imminent drop into Primary 3….the wave that erases centuries of irrational exuberance. And that this here, right now, this week, is the start of that….the end of 2. It would look like this.

    Maybe this picture is “true”.

    However, maybe we need ought to consider that the administration may different plans….another round of punch…

    Maybe this represents better where we are and what we got coming.

    Hope you like the graphics, please drop a comment if you do. And an opinion!

    http://oahutrading.blogspot.com/2010/02/waves-1

  • kanur

    “If this type of comment count continues….”

    Real-time updating is paused. (Resume)

  • rosocecasita

    Been a long time since i've seen one of your charts like this, last one was around jan/feb before the final selloff! (i personally profited from that and the subsequent call for a move up)

    good to see ya back!

  • kanur

    Not bad, though I hafta say a character from He-Man also comes to mind

    http://tinyurl.com/ya5kljt

    Either way, a perfect outfit for an evil speculator.

  • bobthehorse

    How about a euro crisis with Greece, Portugal, Ireland and Spain all seeing their bonds spreads blow out? It's already started. That will be the catalyst.

  • de3600

    I detect a lack of conviction from Mole …………There some kind of punchline coming if so let me know

  • PRSGuitars

    I think that this (passing 4th 133.3 line on EUR to downside now) is a fakeout. I think we head higher here, into 3, and overnight. Won't be around to trade it but if it breaks 20 pips lower, let it roll (1.3843 is pivot an 1.3815 is a major fib level, 1.38 nominal support… should hold on first bounce). It ought to come back up, but, beware — this is the Alamo for EUR/USD longs coming up.

    Oh, and this: http://screencast.com/t/MTk2ODcxM

  • aussiebinlaughin

    Interesting article re. how employment figures are cooked and potentially interesting for those of you that bravely trade the news.

    http://globaleconomicanalysis.blogspot.com/2010

  • K.I.M.
  • CorporalCarrot

    Bob,

    Do you think this is possible? I was chatting to some London based traders who were in for the Greek auction yesterday. They were basically of the opinion that behind all the bluster about no bailouts etc etc, that ultimately the ECB had no choice but to come in and save Greece because of the potential domino effect if they didn't, so they think the yields being offered are fantastic and they are not worried (perhaps foolishly) about loss.

    Whats your view?

  • CorporalCarrot

    Two killer posts Mole, really enjoyed them. Unfortunately, I have received some vaccines over the last two weeks (yellow fever, cholera, typhoid, hep A&B etc etc) to prepare for an African trip and I have come over all flu-like and haven't been able to post much.

  • kanur

    Ouch. Sorry to hear that buddy.

    Have you started your Mefloquine treatment yet?

    http://www.youtube.com/watch?v=T8oxLKo0htc

  • gatopeich

    Europe redish, Spain is 'bloody' red.

    Yesterday, Spain biggest bank (Santander) and one of the 10 world biggest was being badly smacked even *while every market was green*, with *no news* about it.

    Today it reported apparently good results for 2009, and 'better than expected'. Then it crashed again, and harder. It down 9% from Tuesday, 20% from January's top.

    Right now, IBEX (Spain's SPX analog) has broken every kind of support and is ready to start a free fall, shall the rest of the world turn to the real-red zone.

    Who is long today, eh?

  • http://iberianviews.blogspot.com/ catracho

    London Stocks Slide, Confidence Wanes
    0941 GMT [Dow Jones] FTSE 100 drops deeper into the red as the health of neighboring economies intensifies, knocking confidence, a trader says.

    seems like everybody has forgotten what a real “slide” is!!

  • raised_by_wolves

    This is my approximation of what Mole's orange and green paths to hell would look like on $SPX/$VIX:
    http://screencast.com/t/MzE1YjlhN

  • tradejane

    Thanks for the warning. Greece is down about the same and banks are the second worst performing sector this morning (with the first being Basic Resources)

    The DAX appears fairly tame in comparison… other than an hourly close below the 5640 and a major sell signal on the daily chart.

  • gatopeich

    > seems like everybody has forgotten what a real “slide” is!!

    [Cross fingers]
    We shall remember soon!

  • raised_by_wolves

    My guess is that K.I.M.'s blue line will be reached within two hours if/when the tape breaks down below his pink line. That's why you won't catch me sleeping in anytime this week or the beginning of next.

  • gatopeich

    Nice graph, I expected a much more distorted thing.
    Thanks for NOT using screencast which I can't see with my browser (Firefox 3.5).

  • gatopeich

    Bloomberg: Stocks and bonds fell in Spain, Portugal and Hungary on concern governments will struggle to fund their budget deficits as spending cuts in Greece trigger strikes. The dollar rallied.
    http://www.bloomberg.com/apps/news?pid=20601087

    Strikes, did I hear strikes?
    http://news.smh.com.au/breaking-news-world/gree

    And a ton of other related news is flooding the media, IMHO to justify market action ;-).

    Looking for US big banks to short-term short today.
    How does Citigroup look?
    And the Squid, always the Squid, how is it doin?

  • tradejane

    Citi is down about 2% in Frankfurt – the Squid was only slightly red, last time I checked.

  • gatopeich

    Thanks!

  • gmak

    There's a new post, and Disqus is acting up.

    http://evilspeculator.com/?p=14471

    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    boss, you know that I read and respect your opinions, I have (and share) mine, and I trade them (with the available products for me)

    That and I do my best to give back what I take.

    ES was the place where I found out about EWT, and though I make a bastard use of them (courtesy of TARP et al) I still find EWT critical for what I do.

    So a “thank you” is all I say (though there are time when I wished you discused some of my loony ideas, this is your blog and you're the boss)

  • rg64

    Thanks Mole

  • kanur

    Ouch. Sorry to hear that buddy.

    Have you started your Mefloquine treatment yet?

    http://www.youtube.com/watch?v=T8oxLKo0htc

  • gatopeich

    Europe redish, Spain is 'bloody' red.

    Yesterday, Spain biggest bank (Santander) and one of the 10 world biggest was being badly smacked even *while every market was green*, with *no news* about it.

    Today it reported apparently 'better than expected' results for 2009. Then it crashed harder. It is down 10% from Tuesday top, 20% from January's.

    Right now, IBEX (Spain's SPX analog) has broken every kind of support and is ready to start a free fall, shall the rest of the world turn to the real-red zone.

    Who is long today, eh?

  • http://iberianviews.blogspot.com/ catracho

    London Stocks Slide, Confidence Wanes
    0941 GMT [Dow Jones] FTSE 100 drops deeper into the red as the health of neighboring economies intensifies, knocking confidence, a trader says.

    seems like everybody has forgotten what a real “slide” is!!

  • raised_by_wolves

    This is my approximation of what Mole's orange and green paths to dining in hell, er heaven, would look like on $SPX/$VIX:

    http://content.screencast.com/users/raised_by_w

  • http://twitter.com/tradejane tradejane

    Thanks for the warning. Greece is down about the same and banks are the second worst performing European sector this morning (with the first being Basic Resources)

    The DAX appears fairly tame in comparison… other than an hourly close below the 5640 and a major sell signal on the daily chart. (Needs a close below 5500)

  • gatopeich

    > seems like everybody has forgotten what a real “slide” is!!

    [Cross fingers]
    We shall remember soon!

  • raised_by_wolves

    My guess is that K.I.M.'s blue line will be reached within two hours if/when the tape breaks down below his pink line. That's why you won't catch me sleeping in anytime this week or the beginning of next.

  • gatopeich

    Nice graph, I expected a much more distorted thing.
    Thanks for NOT using screencast which I can't see with my browser (Firefox 3.5).

  • gatopeich

    Bloomberg: Stocks and bonds fell in Spain, Portugal and Hungary on concern governments will struggle to fund their budget deficits as spending cuts in Greece trigger strikes. The dollar rallied.
    http://www.bloomberg.com/apps/news?pid=20601087

    Strikes, did I hear strikes?
    http://news.smh.com.au/breaking-news-world/gree

    And a ton of other related news is flooding the media, IMHO to justify market action ;-).

    Looking for US big banks to short-term short today.
    How does Citigroup look?
    And the Squid, always the Squid, how is it doin?

  • http://twitter.com/tradejane tradejane

    Citi is down about 2% in Frankfurt – the Squid was only slightly red, last time I checked.

  • gatopeich

    Thanks!

  • gmak

    There's a new post, and Disqus is acting up.

    http://evilspeculator.com/?p=14471

    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST
    NEW POST

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    boss, you know that I read and respect your opinions, I have (and share) mine, and I trade them (with the available products for me)

    That and I do my best to give back what I take.

    ES was the place where I found out about EWT, and though I make a bastard use of them (courtesy of TARP et al) I still find EWT critical for what I do.

    So a “thank you” is all I say (though there are time when I wished you discused some of my loony ideas, this is your blog and you're the boss)

  • rg64

    Thanks Mole