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Sweet Mercy

Sweet Mercy

by The MoleJune 15, 2009

11:00am EDT: FINALLY – we have confirmation:

This seems to confirm that the peak of (Y) was last Thursday. Now we wait for a little bounce. FYI – I’m long the ES since 919.25 – I think we might get a little bounce here.

1:18pm EDT: The Dollar painted a nice inverse H&S today:

Looking pretty good for our 84 medium term target.

1:24pm EDT: Alright, that ES trade didn’t work out – probably should have known over and hour ago when we weren’t pushing up after that entry signal. Anyway, what I’m however seeing now is a very distinct divergence between the ES and the NQ. I think the prop desk monkeys are trying to push the tape higher via the NQ/NDX but it’s not working. Bears have smelled blood and had enough of the games – seller is stepping in every time we touch 919.

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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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