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Tip Of Your Spear
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Tip Of Your Spear

by The MoleJuly 10, 2012

I’ve been slumming it at the competition and the majority is either confused, bored, bored & confused, on vacation, or too scared to make a move. Not the Mole – I love times like this. Moments when everyone else sees only chaos and nothing seems to make any sense.

But if you look carefully – if you ignore your inner fears and if you pay attention – then it suddenly all makes sense and things come into focus. And then you simply snap into action and simply follow the tape’s direction. No need to over think this. It’s all out there for the taking. I’m the tip of your spear – follow me into battle:

AUD/JPY – super sweet here dancing below its daily NLSL. I am short right now with a very tight stop just above 81.25. If breached this will hopefully become the long trade that leads equities into the Full Monty (see my weekend update).

A lot more where this came from – dress for battle and step into the evil lair:
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More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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Similar setup on the AUD/USD – very little risk being short here as your stop is only a few pops away. And if you wonder – yes, I would flip this for a long in a heartbeat.

EUR/CAD – inside day + NR4 – you know what to do. If not please check the cheat sheet.

On to commodities – natgas is dropping back to its NLSL. I would like to see it get a wee bit closer to take out a long position with a stop below 2.742.

Copper – I am long with a stop right below 3.4 which is where we find the 25-day SMA acting as support. Would also flip this one if it drops below.

I do like cotton right here – we have an inside day + NR4 combo. If we get a short breach the NLSL right below at 69.97 would be our confirmation. Either that or it bounces back there – heck, do you want to live forever!!?? 😉

Last but not least – crude – beautiful inside day + NR4 combo. Would take either side here, so watch this puppy as tomorrow’s session unfolds later tonight.

Have at it and don’t over think it – directional traders have their asses handed to them in tape like this. Don’t have an opinion –  just follow where the tape takes you. You’ll sleep better, which means you’ll be hitting the gym more often, which means your wife and children will love you. Your boss will promote you and your rich uncle put you in his last will. Either that or you’ll lose your ass and sleep on park benches. Life isn’t fair – embrace the pain 😉

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Cheers,


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.
  • http://practicalt.blogspot.com/ Darth_Gerb

    tonite, we dine in Espana!

  • http://evilspeculator.com molecool

    I’ve got tapas on the menu!

  • gsavli

    what else is here, let’s see: AAPL is bullish, VIX hardly gone anywhere and V1X was down 6% today! (That’s europe’s DAX). Both things very bullish.

  • Skynard

    Whoa, SL @ 1340 currenly. If that is taken out will simply reverse /ES trade:)

  • http://practicalt.blogspot.com/ Darth_Gerb

    Is today a trend day?…..NO, don’t TELL ME.  
    let’s leave it as a surprise for Market close.
    LOL.

  • DarthTrader

     Penn State Advertising an online degree here. 

    Don’t they know sometimes it is best to lay low for while?

  • gsavli

    Europe is becoming cheap. US, UK citizens and other non-EMU members, come visit us, it’s a great opportunity. Of course, it might get even a better one, in which case – don’t miss out Europe, with all its inumerous sights. And it’s not just Paris, Venice and Rome. 🙂

  • http://practicalt.blogspot.com/ Darth_Gerb

    any pediatric degrees? child studies?

  • http://evilspeculator.com molecool

    Aaah, no – sorry, had to restart NT.

  • http://practicalt.blogspot.com/ Darth_Gerb

    maybe Rome, my bull friend and spawn were there last month.

    still. dropping over 10K is not my kind of thing!

  • http://evilspeculator.com molecool

    I prefer Spain – Rome is a bit too busy for me and Italy a bit too dirty in many places. But whatever floats your boat of course… all in all I’d be rather in Europe than in L.A. at this point. Cost of living is lower here all in all and the quality of life (I’m sorry to say) is a lot higher.

  • http://evilspeculator.com molecool

    We need fucking engineers and scientists – not more lawyers or psychiatrists.

  • http://evilspeculator.com molecool

    Oh, and local farming, while we’re at it.

  • http://practicalt.blogspot.com/ Darth_Gerb

    yes, thank you for the input!
    I’ve heard Italy is a bit dirty, and that was 15 years ago.

    can you slip over to portugul for the weekend?  and give us a report?  I’ve (done) some google map drives on the coast.

  • gsavli

     I was actually going to write that Rome sucks, but I didn’t want to offend any Italians here. 🙂

  • amokta

    BobtheHorse preparing for market meltdown? 🙂
    http://resourceclips.com/wp-content/feature_images/goya_lg.jpg

  • saints51

    1338.50 to 1335 i will look to go long. If it breaks that then 1327.50 to 1325.50 we should see a bounce off a previous breakout. it never retested it so i will be looking for a play here. 1322 area will be my next area for a CT. Just my 2 cents.

    http://www.screencast.com/t/hDradxgh

  • http://practicalt.blogspot.com/ Darth_Gerb

    where is JJ? he went cold stone offline.

  • amokta

     just noticed, but may be on holiday for week or so?

  • http://practicalt.blogspot.com/ Darth_Gerb

    we have plenty of engineers.  it’s the finance guys who FUCKED it all up.
    😉

  • http://practicalt.blogspot.com/ Darth_Gerb

    most likely.  i’m not going to hunt it down.

  • Skynard

    Ya, short now from 1341:)

  • http://practicalt.blogspot.com/ Darth_Gerb

    excuse me, while I go pour myself some T.

    http://postimage.org/image/a9s4jb9r9/full/

  • saints51

    Darth what is the T stuff. Any material I can read about it. Just curious.

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    silver is not looking good.  descending triangle.

    http://finviz.com/futures_charts.ashx?t=SI&p=d1

  • http://practicalt.blogspot.com/ Darth_Gerb

    it’s called T-theory, or equal time symmetry.
    basically, Markets won’t go to zero, or infinity in whole.  so equals parts of TIME up and down, can be found.
    it could be lumped in with cycle timing.

  • http://practicalt.blogspot.com/ Darth_Gerb

    neither is gold.  hence my name change.
    Mole really called the top on silver, I suspect he will perk speak up, if any thing major comes up on radar.

  • saints51

    thanks Darth. Will look it up

  • http://practicalt.blogspot.com/ Darth_Gerb

    alert on the /ES, big ole fib fan touch.

    http://s16.postimage.org/42ickiaoz/temp2.png

  • Schwerepunkt

    Somebody piss in the pool?  Is that a snickers bar floating by?  What happened? I spent two hours putting a new BBQ together and just came back to a Caddy Shack market.

  • http://practicalt.blogspot.com/ Darth_Gerb

    [removed]

    snicker bar? ick!

  • Skynard

    Out of /ES short, now long.

  • ridingwaves

    as mentioned previous thread…PFG liquidation is in the works….lots of margin calls on missing money…

    I used to date a girl called missy money..she took me for everything…
    http://cdn.bleacherreport.net/images_root/slides/photos/000/642/291/RosariaCannavo_display_image.jpg?1295236589 

  • StrikeFirst

    Mr. Vix:

  • http://evilspeculator.com molecool

    I hope at least the sex was good….

  • http://evilspeculator.com molecool

    BTW, did you get my email about your sub?

  • Skynard

    Danm! She is hot, could see why:)

  • amokta

    What is the liquidation value of the large assets in the chart you attached?

  • BobbyLow

    It’s amazing how “they” keep Crude relatively quiet for many hours and then in the last 30 minutes of Open Out Cry “they” sell the shit out of it.  

    Unless we get a turnaround which I doubt, it looks like we’ll be going Bullish to Bearish at COB.

    http://screencast.com/t/XjSlTRDji 

  • gsavli

    might want to touch 1330 or so first…

  • amokta

    Tomorrow we feast on bear steak

  • ibtrader

    I don’t get it, usually nat gas rallies when everything else goes down. But today everything included nat gas is going down. Anyway took the nat gas entry at NLSL. thanks mole.

  • gsavli

     nope, looks like you were spot-on again.

  • gsavli

    I really hope bulls make another move. However, HG and DXY have to reverse, and hard. And quickly- like now.

  • BobbyLow

    OTOH, from the CL close on July 2, to the close today we’ve gone nowhere with a massive Up Day on 7/3 and a very strong Down Day on 7/6. Overall this looks like horizontal action to me with opportunities to get screwed on both sides in the short term.  

    I might just sit tight.    When this stuff goes horizontal with good sized daily candles that give the impression of movement but really go nowhere over a few days, it is a big circle jerk.  I’m looking for a direction that might stick for more than a day.

  • amokta

    Agree – must be now or never (mind you, never say never)

    Not sure if Mole approves of fortune-telling, astrology, or water divining, but i ‘feel’ we have tested bottom today, and will rally into close!

  • gsavli

    this tape is all just “barbwire”, going nowhere, but lots of micro up and down movements (not just CL, but everything). sitting tight might be the best policy here.

  • DarthTrader

    Dollar is still not confirming this sell off . . .

    Doesn’t mean it won’t at the close or tomorrow’s open but still not yet

  • MrMargin

    The engineers and scientists are probably busy building more HFT bots.

  • AMCabrera

    clean it up guys.

  • MrMargin

    http://scharts.co/NeIDDf

    Nice rejection at the 100d, now we run into 25 and 50. I think we need to hold here or this could turn ugly.

  • Skynard

    Added long /ES, Europe was up and we have a div on the 5 min:)

  • finansreven

    Is it the Zero you talk about? I really can not see any div there.

  • amokta

    Sitting Bull, or Running Bear?

    May i interest any of you in a Goldman Sachs trading chair – designed to keep you awake, no matter how boring the tape.
    http://anticopozzo.com/blog/wp-content/uploads/2011/11/chair-with-spikes-200×300.jpg

  • Skynard

    Yes, the ZL.

  • http://evilspeculator.com molecool

    Remember the 1335 warning level – see the P&F I posted over the weekend.

  • AMCabrera
  • Skynard

    Playing to VWAP:)

  • http://evilspeculator.com molecool

    Subs – I just sent out an email to everyone. Please make sure you see it.

  • newbfxtrader

    You are a trading machine!

  • Skynard

    Nice call Bro!

  • RacerXX

    you must not have gotten the memo.

  • http://practicalt.blogspot.com/ Darth_Gerb

    teee heee

  • Skynard

    :))

  • supervilin

    nice bounce from 1330 – at 50MA, trendline and 61.8 fib retracement

  • Skynard

    Thanks for the update Mole, very much appreciated!

  • http://practicalt.blogspot.com/ Darth_Gerb

    *Market Closed*

  • saints51

    Yep usually a C leg at that level. The guy who said Bear steak tomorrow may be correct.

  • Skynard

    Usually watch them religously, thanks for posting it.

  • Fibz

    I wonder if there’s any quantifiable similarity between black holes near the the center of our galaxy and the one at the center of our market.

  • Tronacate

    Large H&S on the silver hourly……could be the breakdown and if so I suspect equities will follow along……..Japan style deflation perhaps?

    And these missing millions do little to instill confidence in brokerage houses…….lots of foxes in the hen house

  • http://practicalt.blogspot.com/ Darth_Gerb

    speaking of, from a friend of a friend – chart
    terminal velocity around December I say

    http://s7.postimage.org/9sydgme3v/gravity_well.png

  • Tronacate

    I shorted gold at 1594 today…….holding this for awhile

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    i updated my paypal account.  should be good.

  • Skynard

    Taking another crack at /DX short here with a stop just above the May high. WTH!

  • Tronacate

    Just wondering…..daily looks like an i h&S…….

  • Skynard

    Failed retest of the May high on lower volume. Thought we had an ID yesterday, but it’s not.

  • Tronacate

    And for something more fun:

    http://www.youtube.com/watch?v=PjpkVv9OrZQ

  • Skynard

    Mole, is /NG still plausible with a breach of the NLSL? Well, took it anyhow, see what happens.

  • http://evilspeculator.com molecool

    Closed right above the NLSL – great entry with little risk.

  • Skynard

    Thanks, looked like a good entry:)

  • http://practicalt.blogspot.com/ Darth_Gerb

    Pandemonium definition:
    1. the abode of all demons; Hell.
    2. any scène of wild confusion or disorder.

    BPSPX, 
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=2&dy=0&id=p89755893822

  • Planspieler

    You see, I lived in Spain for 2 years and I am done with the country. Italy on the other side has just so much more to offer. Further, I find that the mentality just fits my style much better.

  • arkhamb

    Trend works until it doesn’t?

  • AMCabrera

    http://www.youtube.com/watch?v=bw_GhedOX70
    I would love to see it already to be honest.

  • Skynard

     Like it!

  • Skynard

    EURUSD 60 min signal, Mwahahahahahahaha!

  • Skynard

    Damn! /ES flatter than my first girl friend:)

  • AMCabrera
  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/e408c658-6aa6-4fa9-a3a7-d728042bb7d1/2012-07-10_1957.png
    http://www.youtube.com/watch?v=jzY099ihULs
    I slight warning. A snap back will more than likely happen in equities. Along with equities snapping back this pair will probably crawl back to the lower BB. However, if it fails there which will more than likely mean S&P fails around 1410. Then my friends we may have trouble. AGAIN just be wary of this limbo area and setup accordingly.

  • Skynard

    Big time div here, trying another short on this MoFo:)

  • newbfxtrader

    Did you miss the Adams apple?!

  • Skynard

    LOL! Ya, those were the day’s.

  • Skynard

    Throwing a sucker punch!

  • MrMargin

    Looks good. Short a bit more attractive according to the weekly chart, but I’d take it long too.

  • Skynard

    Good place here testing yesterday’s high as I type>added short;)

  • MrMargin

    BTW /ZC is in play in a similar manner.

  • Skynard

    Actually looks better, histogram already moving downward on the daily. Thanks!

  • BobbyLow

    The ES has got to be hard to trade in A/H tonight.  I just looked and it has been flat lined since the 4:30 PM Candle and needs a hospital crash cart.   🙂

     

  • Skynard

    LOL! Should see some action soon AUDJPY on the move, enjoy it sometimes in the A/H since it’s allot less chaotic:)

    Edit: something else interesting that I noticed was during the big move up from last year this is how the /ES reacted repeatedly.

  • http://practicalt.blogspot.com/ Darth_Gerb

    see some action soon
    that’s what the first girlfriend said.
    😉

  • Skynard

    LOL!:)

  • Skynard

    Here we go!

  • Skynard

    Sucker move in /ZC now:)

  • ajit kumar

    If dollar does what it should do then I m seeing very bullish set ups across boards Gold, Silver, Ags, ES, EM,Nikkie, Europe….Am I blinded or because I m born bear and have been the last one to turn bull before market dropping….but anyway they can’t have my money 🙂 as I m born to beat and eat the meat….:)

    http://www.bubbleshort.blogspot.in

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

    I’m short from the ID as well. Not that confident in it though as I have a bullish cross on my weekly MACD lines and a growing gap on my dailies. Don’t know how to post the chart.  Will try to figure it out. 

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

    Not sure who moderated you but it must have been for posting links. 

  • neowave

    Mole,

    in the section “show me how it is done”
    this qualifies..?

    Long AUD/JPY
    with stop at 81.2
     

  • http://evilspeculator.com molecool

    @MrMargin:disqus Congrats – you’re a moderator now.

  • http://evilspeculator.com molecool

    Yes, the AUD/JPY seems like a good long now as it breached its NLSL. 81.2 appears to be a decent stop.

  • http://evilspeculator.com molecool

    @Gerbil_Gold:disqus And you as well – you old freeloader!

  • Skynard

    Time to squeeze those dollar bulls?

  • Skynard

    No problem Mate, just take a look at 5y-mon and you will see:) Look out below!

  • Skynard

    Think it may be time for some /KC on a pullback.

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

    Flipped the /NG. Now short.

  • Skynard

    Nicely done! That SOB:)

  • http://evilspeculator.com molecool

    Ha! 🙂

  • http://evilspeculator.com molecool

    it’s right at the NLSL – I think we need a bit more time here. I know, it’s tough when it happens early in the session – easy to get whipsawed.

  • neowave

     stopped out

    but I guess 2 more tries (if I understand correctly from previous posts)
    buy stop at 81.271
    stop loss at 81.200

  • Skynard

    Seems like allot of activity going on in the futures this morning.

  • neowave

     stopped out again
    one more shot

  • MrMargin

    Let my reign of terror begin!

  • AMCabrera

    Ah you are officially a vassal of the Kaiser.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/4d209e7f-2052-41e4-a1d5-82d72f784da7/2012-07-11_0902.png

    doesn’t get any easier. Ill go short or long on breaks and flip if first one doesn’t work. I’m also prepared to take the time to deal with whipsaws.

  • supervilin

    I remain short, stop above todays highs. sometimes it is good to have more roomy stops, but the R is higher..

  • AMCabrera
  • supervilin

    Hey AMC, how did you get the NR4 code on TOS? could you pass it to us?

  • http://practicalt.blogspot.com/ Darth_Gerb

    thank you Master.

  • BobbyLow

    As I mentioned yesterday CL has been traveling along the Horizontal Line to Hell with big moves along the way that eventually go nowhere.   In the name of capital preservation, I cut my 1/2 Long Position to a 1/4.

    There is a long way to go before the close and I’m still waiting for this thing to move one way or the other for longer than one day.  

  • AMCabrera

    def range = high – low;
    def na=double.nan;
    def plotter=high+range*0.3;
    def isnr7 = (range <= range[1] and range <= range[2] and range <= range[3] and range <= range[4] and range <= range[5] and range <= range[6]);
    plot nr7 = if isnr7 then plotter else na;
    nr7.SetDefaultColor(Color.yellow);
    nr7.setstyle(curve.points);
    nr7.setlineWeight(3);
    Its not nr4 Im using nr7. But this is the code I have inside the editor for studies.

  • MrMargin

    /CT on watch, below 70.57 it would turn into a Fakeout Sell.

  • supervilin

    Thanks buddy!

  • MrMargin

    $SIMO breaking down

  • Fibz

    VVIX just jumped 7%

  • ajit kumar

    Thats not a problem..i figured….you are like DronaCharya to me…if you have time google story of Eklavya and Dronacharya….

  • Rightside_ot_trade

    Aud/jpy seems to have so far held the daily 20ma
    Trend trade up. Im holding for that 100 DMA

  • AMCabrera

    http://www.allforexindicators.com/indidetail.aspx?name=NR7-NR4
    also, I have this for my metatrader account. it is a combo of both NR4 and NR7 so you will see both. Just put the file into your indicators folder for metatrader 4.

  • AMCabrera
  • ds2

    No trend day alert?

  • MidLife

    nothing for me either

  • saltwaterdog

    I do one on my own, tracks very well to the TDA at 1015EST, though on fewer data pts…. 58% = Probably Not a TD

  • saltwaterdog

    Nice call SIMO… couldn’t get borrow yesterday but appreciate the post

  • MrMargin

    From the looks of it, it’s not going to be a TD. More likely to be a sideways consolidation day. We may get an ID. Right now we’re sandwiched between 20d and 50d SMA. A break to either side should tell us what’s next.

  • Rightside_ot_trade

    /ZW RTV Sell triggered on the 60
    Possible Fakeout sell setting up on the daily
    waiting for more confirmation before taking either

  • Skynard

    Long /ES on the lower BB touch:)

  • gsavli

    Who is long this POS? Markets acting weird today. And astonishing bullishness in aud/jpy – if it holds till japan session, it smells funky. Maybe another boj intervention around the corner?

  • DarthTrader

    Dollar rallying to test the highs or break out. 

    Waiting to see what happens there . . . 

  • MidLife

     Thanks!

  • MrMargin

    For sideways days like this a seemingly forgotten one of Scott’s methods could be very useful:

    http://evilspeculator.com/?p=20618

  • Skynard

    Full pos long the /ES:)

  • neowave

    3rd try was the one

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    the last macd negative cross failed.  looks like a negative cross so far this time.  histogram in negative territory, rsi below 50.

    http://stockcharts.com/h-sc/ui

  • http://practicalt.blogspot.com/ Darth_Gerb

    TLT,
    I don’t like the way it’s hanging out.  the break above 128.20 fizzled after 90 minutes.
    I suppose it’s the dollar.  watch the dollar.

    http://s10.postimage.org/5l8gd6y87/temp1.png

  • StrikeFirst

    Dollar may(may) have put in a top here.

  • Rightside_ot_trade

    /CC update on the RTV sell with inside day on the Daily,
    breached to the upside, reversed to yesterday’s low
    Still holding above daily NLSL per mole’s trade

  • Skynard

    1340 test

  • DarthTrader

     Dollar Tested high, broke above, Reversed again just like yesterday.  Though Yesterday it did not head down from there it just pulled back and held.  This market is building pressure for something BIG

  • DarthTrader

     For What?

  • Rightside_ot_trade

    60 m RTV sell looking good in the 2nd hour
    1st target 806.25

  • MrMargin

    Damn, missed the /ZC Fakeout Sell spot. But there may be a second chance if it breaks the 100d at 707.62.

    EDIT: /ZS also on Fakeout Sell watch below 1531.

  • MrMargin

    Long $PAY @ 35.28, Stop 34.95

  • gsavli

    Yep, it kinda does smell of some gay move around the corner.

  • http://evilspeculator.com molecool

    F..ing data provider died on NinjaTrader – I’m relaunching it. Have filed a support ticket with Kinetick and unless I get back something productive I’m going back to DTN.

  • AMCabrera

    I have closed my long in USD/NOK. Resetting again on this candle.

  • http://evilspeculator.com molecool

    Damn – that WAS a fake out!

  • http://evilspeculator.com molecool

    Hey, did you get my emails? Not feeling the love here…

  • http://evilspeculator.com molecool

    LOL – I know what you mean – this shit feels as fake as L.A. boobies.

  • http://evilspeculator.com molecool

    Sorry guys – see above. Kinetick is acting gay again.

  • MrMargin

    Holy tanking soybeans, Batman!

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

     nice call

  • StrikeFirst

    LOL

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

    AUD.JPY coming off it’s steroid rush.

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

    I’m short /ZC and /ZS on these reversals.  Thinking about piling on a bit.  Anybody have thoughts on that?

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    no I did not get your e-mails, but I got e-mails from paypal, so I updated my paypal account yesterday. I responded to your post yesterday.  you still having problems with my paypal account?  

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    the chart is for dow.  

  • http://practicalt.blogspot.com/ Darth_Gerb

    actually, very bad,
    look at that spike!!! (just now)
    129.30 daaaaam.

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

    Cue the saccharine music…  Mole thanks for the setups in HG and CL.  B/W that and ZC and ZS, I’m having a nice day.

  • http://profile.yahoo.com/X3UHQ24EPYQVH62MCJVJM4KIJI peter

     Sorry, was looking at ZB, which was spiraling off its highs when I wrote.  Figured TLT had done same but didn’t know level.  Filling in now.

  • Skynard

    Took half off the table, don’t want to be greed:)

    Edit: /ZS snapping back now.

  • MrMargin

    /CT also on the verge of faking us out. Daily chart looks interesting. Could go a lot lower if it fails here and breaks the lower diagonal.

  • amokta

    Ditto – nice call on SIMO by the MrMarginator!
    (i thought it was stuck in a range)

  • http://practicalt.blogspot.com/ Darth_Gerb

    dollar 5min, watch it – whipsawww

  • DarthTrader

    Dollar selling off, working off recent gains heading into release of Fed Notes at 2:00

    Could reverse sharply so wait for News reaction to clear

  • http://practicalt.blogspot.com/ Darth_Gerb

    Fed at 2?
    shiiite.

  • ridingwaves

    fed forgets hopium in minutes…

  • http://practicalt.blogspot.com/ Darth_Gerb

    SPY kicked in the TEETH.

  • gsavli

    wow, nasdaq and it’s leaders aren’t going anywhere – this shit is gonna collapse. :O

  • Tronacate

    Gold……very nice drop

  • MrMargin

    Short /CT

  • Skynard

    There goes the dozer!

  • Tronacate

    Is the zero flat or just stuck?

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    Flat as a flounder.

  • ridingwaves

    vix inverted looks like a rounded bottom with higher lows about ready to explode..