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Treading Cautiously
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Treading Cautiously

by The MoleAugust 4, 2017

Something’s cooking and although I’m not sure what exactly is going on, my Spidey senses are tingling and that usually means that it’s best to tread cautiously and assume a wait and see position. It’s either that or someone spiked that mushroom soup I had last night, in which case I hope you’ll enjoy my very last post ever. Now all joking aside, my suspicion is that we may be approaching at a temporary bounce in the USD, which may just be the reason why several of my open campaigns are currently in the process of reversing. Let’s take a look:

2017-08-04_DX_Hades

The USD has now descended to a crucial inflection point I highlighted a few days ago. The weekly panel on the left shows you long term support produced by our lower 100-week BB plus two spike lows in the 92.1 vicinity. I hate to be a drama queen but if the Dollar continues straight lower from here then a whole boat load of stops will be triggered and we may just descend all the way into hades with no hope for a bounce until around 87.

By that point you’ll be using Dollar bills as toilet paper or wallpaper if your house is really small. By the way, why is it toilet paper but wallpaper (together)? English doesn’t make any sense and every Spaniard I ever met seems to agree. Anyway, I am somewhat exaggerating of course as the Dollar was just fine in the 80 range between 2011 to 2015 but those were different times and I have an inkling that Draghi and his ECB cohorts weren’t prepared for a 20% increase in the EUR/USD exchange rate when predicting sunny days ahead across the European Union.

Either way, if the Dollar drops this low I’ll be in a very very crappy mood, so you better hope it doesn’t happen. By the way, about the featured image: it is literally this hot here in Valencia right now, except that it’s also humid as hell. When turning on the cold water faucet late in the evening we need to watch out as to not burn our hands – no joke. And they always claim that building standards are so much better over in Europe. Bullpucky…

Campaign Updates

2017-08-04_ZB_update

Alright, let’s observe the damage. Bonds are probably going to be stopped out today as it’s nose diving and is now trading only a few ticks away from my trail. On the upside that would lock in about 2.2R and that’s ain’t bad. Alright, please stop reading now – the rest of the post is not very interesting… have a good weekend!

schneider_weisse

 

2017-08-04_gold_update

Damn it, you just couldn’t help yourself, could you? Well, gold just gave me a yikes and here I was thinking that the express elevator was waiting. Which apparently it was but it’s going the wrong way. Not stopped out yet but seeing futures drop like this across the board isn’t exactly promising.

2017-08-04_crude_update

Crude has been sickly since my entry and odds of survival are now pretty low. This definitely was worth a shot however as the general setup is extremely juicy until about 48 plus minus a few ticks. There’s a bunch of daily support accumulating there and although it may not help us with with this campaign it seems we at least may get a chance for revenge (yes, I’m joking – never trade your emotions – only trade technically sound setups).

2017-08-04_copper_watch

Now copper has me fascinated right now but clearly today isn’t the right moment to strike. What I would love to see here is a fast drop toward that upper 100-day BB which scares all the children and gives us adults a chance to buy in cheap. I know being long after such an advance may ‘feel’ risky but that’s just an illusion. Statistically trend break outs like these (see 100-week BB) have a good chance of continuation *after a retest and breach of the previous highs*. To be clear – the entry is a coin toss but once it breaches the previous highs the odds of success not only jump to 75% or higher but you often also see big trend moves. Which means that if you aren’t greedy a small position pays off handsomely. Hope that makes sense – if not please do not ask in the comment section  **

One entry however I cannot refuse today:

evil_separator

It's not too late - learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

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** It’s already happening! The lower the Dollar drops the more abusive I get.


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://evilspeculator.com Sir Mole III

    @Julie – you asked about quant and HFT trading. Here’s my comment from the previous thread:

    Quant trading is the future, and traditional trading is slowly going away. The majority of historical edges, e.g. candle patterns, indicators based trading, etc. have long been arbitraged away. The future is automated systems, machine learning, and quant based trading,

    About 8 years ago we had hundreds of comments here per day. A lot of them left to chase false prophets, e.g. ZeroHedge and similar perma bear fatalist doomsayers. Meanwhile I invested heavily into automated and quant based trading which is only now slowly paying off. The learning curve is significant and was tough for me although I have been coding for well over 25 years.

    There will always be a small number of people who are able to produce a solid edge but it’s perhaps 5% of all human traders – it’s a very rare skill. That considering that perhaps 1 out of 10 people is able to last more than a few weeks in the financial markets. And then you take 5% of the ones who last perhaps a year and those are the ones who make it. That’s around half a percent of all people? And how many of them are sufficiently capitalized and emotionally mature enough to outlast one or two large draw downs?

    It takes full dedication and constant improvement. Contrary to common belief it’s 90% hard work and 10% talent. A bit like martial arts actually – the ones who truly make it to the top are the ones who can sustain the pain and have a laser like dedication to making it work.

    On the other hand quant trading is something everyone with math ability is able to do. The challenges there are very different as it takes a very analytical mind, someone who doesn’t mind running simulations and statistical analysis for weeks on end. Once they find an edge they implement it and then start testing the edge with small exposure. If the forward test supports the hypothesis of a real edge then you scale up exposure. R sizes are usually relatively small and you average out across a large number of systems. Which stands in contrast to human traders who often bet exorbitant R sizes on a single position. For quants it’s all about a small consistent edge which produces continuous results on an average basis. They inherently understand the concept of compounding and minimizing losses via sophisticated capital commitment rules.

    Very few human traders are able to assume that type of mindset. Which is why I think quant trading now pretty much rules the day and will do so in the future.

  • Julie

    MOLE THANKS CHIEF !
    JULIE

  • http://evilspeculator.com Sir Mole III

    You bet!

  • Julie

    Mole Humans program the machines…… The flash crash this could happen again … Somehow they all share the same system … WOW ! This must be a very guarded secret on Wall St …. Maybe I am wrong but what if they somehow were compromised and retail lost trust in the Street …..
    JULIE

  • ridingwaves

    Julie, you must live in shangri la or Montana….
    Retail lost trust in Wall St long ago…should we count the ways…
    How about that libor rigging….now they are doing away with the Libor index….its no longer a measurement they care about….only after they gamed it for 20 years

  • Julie

    Amother note Mole EWT is out the window as the programs are aware of it and can circumvent … You have opened my eyes Chief
    JULIE

  • BobbyLow

    Speaking of Gold, I got stopped out this AM for a small profit. I didn’t like seeing a lot of my profit disappear before I could get out, but the market doesn’t give a shit what I like. :)

    Waiting to go short now.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    RW I am aware that retail lost trust … The Libor rigging and gold and silver manipulation… I belong to an investment club in Bozeman and it’s always a main topic RW.
    JULIE

  • Tomcat

    A profit is a profit regardless how small and needless to say, better than a loss.
    I am looking into another PM that Julie I think brought up a few days ago:
    Platinum. I am looking to enter long Platinum and short Gold as a hedge.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    barrier had been met. My ratio channel rarely fails.
    😉
    EDIT: free of charge, professional courtesy.
    gold down, dolla up.

    http://stockcharts.com/h-sc/ui?s=GLD%3AUUP&p=D&yr=1&mn=0&dy=0&id=p67874146445

  • ridingwaves

    I might go back a year and see what gold does on NFP days, my bet and it seems I looked at it once is 50%+ of time its hit hard….

  • Julie

    BL Thanks for reply on last thread i.e. last evening
    JULIE

  • BobbyLow

    Maria Fartiromo, now that’s a name from the past.

    It’s been 7 years, 54 Days since my last CNBC Financial News viewing. One day at a time folks. . . :)

  • ridingwaves

    I like Ted’s place for a cocktail and steak…damn tasty…

  • Julie

    Tomcat I have been following platinum and SWC is a platinum producer in MT and were recently acquired
    JULIE

  • Tomcat

    I usually favor the commodity vs the miners. But to each their own.

  • Julie

    The Oasis in Manhattan MT just west of Bozeman is great also. The Old Faithful Bar in Gallatin Gateway approx 10 miles south of Bozeman is our favorite
    JULIE

  • Mary

    Say what you want about Maria, but she called the bottom during the selloff on election night … very matter-of-factly .. no hype.

    Very few were willing to make that call publicly … she did …

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..but Captain is talking about the dollar, which I concur.
    love the Hades part.
    We are at the rectangle, significant. https://uploads.disquscdn.com/images/f138b5ec0f1c7bc6a849c890de2065f2ffa62a76577d44638f6615a87e1e3224.png

    History shows both possibilities.
    1) bounce – see green arrow.
    2) grind EVEN Lower. – see blue arrow.

    The WEEKLY RSI is at 30 (circles), very rare. If you have been shorting the dollar,
    you are a GREEDY fuck, take some off the table Mate.
    Plan the Trade, Trade the Plan ©
    -GG

  • Mark Shinnick

    Yeah… short 3x miners re-entered other day now reached objective so stops again very tight.

  • Mark Shinnick

    Ok, so exited that one.

  • Mary

    Was the break of the lowest line in mid November considered a rare failure GG? Just curious … trying to figure out how you read these charts you post …

  • ridingwaves

    OK, you left the door open Mary….Were they fake/botox lips or not?

  • Mary

    I don’t understand your question RW …

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Most excellent question – glad you asked.
    with the shown timeframe, yes an extreme aberration.

    However, always look at a larger timeframe.
    No, it has happened before in the past, and could
    have been advantageous for you. You just needed a wider
    channel.

    http://stockcharts.com/h-sc/ui?s=GLD%3AUUP&p=D&yr=5&mn=0&dy=0&id=p56297118935

  • OJuice

    FWIW, I still like the /CL long Mole. Looks like ~49.20 is where the sleep easy zone is. If it could clear it today comfortably that would be wonderful.

  • ridingwaves

    You said say what you want? I’m thinking enhanced….
    https://www.youtube.com/watch?v=YHimia_Fxzs

  • Julie

    RW If you drive up Highway 101 in Oregon There are some great places in Astoria. Bend Madras area will be a total mad house on solar eclipse August 21 and John Day as you mentioned previously would be a great altenative. We will be at Custer’s Last Stand in MT for the event
    JULIE

  • Mary

    so do you enter as a pair trade and scale in more at the next level if you get that type of anomaly?

  • BobbyLow

    I’ve got nothing against Maria, or any of the CNBC crew. And perhaps she got one right. It’s just that I found their reporting in general to be hazardous to my financial well being. There was a time when I actually paid attention to the TV talking heads and often looked for one of them to confirm my personal bias. But then after a few years, I found that they really didn’t know anymore than you or me or anyone else here at Evil Speculator. CNBC reccomendations were either a crap shot or often way after the horse had left the barn while screaming buys at market tops and screaming sell at market bottoms.

  • OzarkHillBilly

    I always enjoy your perspective and I appreciate the time you take to share it.

    In other words, you’re saying that successful trading is boring. :)

  • Grant

    Quant trading is still based on real life numbers…. These numbers come from human efforts in the long term. I understand the spoofing, stuffing, and the lot but that is short term trading. Edges become tougher on shorter time frames and higher leverage. The key is no to less leverage and longer time frames. The candlesticks still have an edge but you have to look for them.

  • Mark Shinnick

    I think I’ll go fly the eclipse corridor, so anyone here have some suggestions for where the best overall areas might be for that?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    one could. I do not. IMHO, if the trade goes against your position, you have pain from both ENDS. not good.

    I use the chart to time entries and exits of gold.

  • Mary

    I agree with all that BL. I think she just expressed her personal opinion at the moment, not the industry line. It seemed like that anyway.

  • BobbyLow

    You’re welcome Julie. :)

  • Julie

    Mark GG recently posted a map of the eclipse path. Wyoming would be a great place to get away from crowds……
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I was in Astoria once, back in 1992.
    Such a small, quiet, peaceful place.

    and that BRIDGE, that BIG F*CKING BRIDGE.
    😉

    https://upload.wikimedia.org/wikipedia/commons/thumb/d/d7/USACE_Astoria-Megler_Bridge.jpg/1200px-USACE_Astoria-Megler_Bridge.jpg

  • ridingwaves

    I would say Idaho Falls area or heading East out of Bend towards Baker City….Bend is going to be a madhouse…..1 million folks expected…..

    We made a group decision to cancel the house reservation…..12 hour wait in traffic expected….that doesn’t jive with me….there telling folks to bring food, water, worried about running out of gas

    Found 6 nights at Westin plus RT from SFO to Puerto Vallarta for $575 total per person….worked out cheaper and now I get to go to all my favorite places to eat and drink tequila

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    (too damn windy)

  • saltwaterdog

    Bobby, a couple of months ago we briefly discussed trailing strike rate as an input to R/position sizing… did you ever look into it?

  • HD

    Great perspective. Think a majority of market participants realized they weren’t going to beat the market day trading and just said eff it. Long term buy and hold. A few people I know gave up on futes and buy stocks exclusively. Has paid off too I suppose.

    If you can quantify the pivots and have a decent oscillator I think that’s been the best/simplest method for a while. Simple S/R levels & OB/OS. And of course Elliot Wave. :-)

  • Julie

    LITE took 1/2 of short this a.m as reached initial target 59.61 (actual low 59.30) and stop for remainder is 61.78
    JULIE

  • Julie

    SPX and USO Possible triangles developing ….. I have a USO short from yesterday and watching like a hawk
    JULIE

  • Mark Shinnick
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    away from the coast. clouds.

    people always forget that part.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    LOL! Where on earth do you find these things ! Hilarious !
    JULIE

  • BobbyLow

    I use an ATR Trailing Stop that TOS calculates automatically during and after each candle is completed. (I set the parameters) At entry which is almost always at a close of a given candle, I’ll take my initial ATR Stop and add a little bit to it as a fudge factor to help protect against opening gaps that can go against me. Once this number is established then it’s a simple calculation. For example let’s assume that my Initial ATR Stop is $2.00 per share. Then it’s a matter the Dollar Value of my R. If my R Value is $500 then my position size is $500/$2 = 250 Shares. If my R value is $1,000 then it’s $1,000/$2 = 500 Shares etc. Depending upon what I’m trading and the price per share at entry, I’ll (usually) have a Maximum Initial Stop Calculation of $2.50 Per share and a Minimum Initial Stop of $.50 per share.

    So it’s quite a simple process really but I did do a lot of back and forward testing before feeling confident using it. I am confident using it now and believe it to be a systematic way of matching my position size with the maximum amount of money I want to put at risk (R) on any given trade.

  • HD
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s a gift. Only Mole has the unique ability.
    we keep it a secret.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..ever since MOle pointed out the point of recog on Autozone, I keep seeing these.

    Peak Starbucks?

    https://uploads.disquscdn.com/images/5e37dfad78c626d0ae9a0a248849a50e7822fd724e6bcec811a548b2cec0c739.png

  • Julie

    Per post below I have a triangle too
    JULIE

  • Mark Shinnick

    Yes, all true, and this can further morph into yet another pattern. There are times when all the technicals sum into very little to objectively guide a trade. As time keeps blurring perceptions here I think single-point event risk is what we have to be most prepared for.

  • BobbyLow

    Short Gold via DGLD

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    USO I am looking at tea leaves which I usually do not BUT USO appears to be triangulating per earlier post below. USO 10 min chart a series of 3 waves denoting a possible triangle https://uploads.disquscdn.com/images/7a6b61dfe8801034052f31f631cfd7f2949c6a42e70dc549b3eb506d343eabc2.jpg A triangle breakout I have 10.64 target
    JULIE

  • Mark Shinnick

    Parked near that .64 Facinating…. penny for your thoughts?
    What about a brief visit to .56 zone?

  • Grant

    For the upcoming year….. if the bond bubble pops, which would be more profitable? The S&P 500, short side of bonds, nasdaq, or fang?

  • TS

    Is the Zero Lite indicating that this wind up is most likely going to resolve up?

  • Julie

    LITE Next lower target 56.27
    JULIE

  • HD

    2477 defines IMO

  • Mark Shinnick

    Are you short?

  • Julie

    GG BAC 60 min chart Horizontal Red Line Resistance Horizontal Green Line Support. This a.m. on open gap up above resistance Now up into 24.92 resiatance not shown. GG and Everyone Have A Great Weekend
    JULIE https://uploads.disquscdn.com/images/5f9aa2d73ed41190fd4af603282c826e199f76922dc49443969af94d5da13230.jpg

  • Julie

    Yes Mark I nailed the entire move down. This a.m. my 1st target 59.61 was attained and I took 1/2 off short.
    JULIE

  • Julie

    Clarification Mark From 63.56 the lower high off the weak bounce off the daily 55 ema following the breakout failure at 67

  • http://evilspeculator.com Sir Mole III

    No – the signal is simply too small to be predictive today. No participation.

  • http://evilspeculator.com Sir Mole III

    No offense but nothing you just said is backed up by evidence or statistics. 90% of trading volume today is quantitative. That does not mean traditional technical analysis is completely useless but you have to be VERY good and make sure you are considering a variety of technical context. Quant trading is the future, whether we like it or not. I personally do like it but if I did not I would still embrace the facts.

  • http://evilspeculator.com Sir Mole III

    YES, it SHOULD be boring because otherwise you’re better off in Vegas 😉

  • Mark Shinnick

    Ok, so you seem to be using these variable technicals as objectives. I see lower objectives still with non-variable line charting. The most credible objectives seem to be where the greatest number of potential participants happen to be lurking.

  • ridingwaves

    never say never on the .56, seems very strong short hands in this…. almost like a prgm
    https://uploads.disquscdn.com/images/0edb9216f0b203cc234c1f763c2c09a19e2051259db00938e04af47fda41b51e.png

  • http://evilspeculator.com Sir Mole III

    We just have way too much time on our hands 😉

  • http://evilspeculator.com Sir Mole III

    I’ve got to go and rinse my eyes out – with bleach!

  • http://evilspeculator.com Sir Mole III

    @July – wow, less than 20 charts today? You’re slipping!

  • Julie

    Mark You mean Volume By Price ?. I use that too
    JULIE

  • Mark Shinnick

    Roger that.

  • Julie

    Mole The Day is not over ! LOL !
    JULIE

  • Mark Shinnick

    Nothing specific about your own technicals…whatever your model happens to be, I just like to get a rough idea of what everyone is more-or-less doing.

  • http://evilspeculator.com Sir Mole III

    j/k – quality over quantity – by the way I very much prefer your BAC chart below. Clean and focuses on price. Not sure about those two horizontals but I have done worse. What’s clear however is that there’s a gap and it seems to me that BAC has a tendency to reverse after a gap once you see a spike high.

  • http://evilspeculator.com Sir Mole III

    ^^ see comment above reg. BAC

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Mole I use resistance and support levels http://www.stockta.com and they invariable line up with my own levels I try to ascertain my own levels first then go to that website to double check my work. Presently BAC now up into the upper channel and 24.92 resistance and overbought 60 min chart with the daily chart approaching overbought. BAC in a defined trading range since March https://uploads.disquscdn.com/images/26c6753a4345fe864297deb37efa0933216bb4fcab30c27917906724e3e1a60e.jpg
    JULIE

  • Julie

    GG I brought up a monthly chart BAC and saw the retracement level too Thanks GG !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I see the R:R as $25 to $29 or $25 to $24.
    nobody *really* knows what’s going to happen.

    that’s a Reward:Risk of 4:1
    not bad, but not GREAT. I’m not sure I want to wait several quarters to find out.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Yes.
    ;-D

  • Julie

    Mole GG and Everyone I want to learn P & F Where is the best place to go for that ? Thanks Everyone !
    JULIE

  • Mark Shinnick

    ??

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Name it GG ! Will send check !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    LOL.
    Evil Spec is a treasure trove, waiting to be exploited.

    are you blind woman!?!?
    don’t answer that, you follow $BKX. he he.

    http://evilspeculator.com/point-and-figure-frenzy/

    http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts

  • TS

    Answer: Apparently not.

  • Julie

    The check will be from an Iraq bank ! LOL !
    JULIE

  • ridingwaves

    just them saying it will pop most likely means they will do everything to keep it from happening….Speaking of bonds, where have the bond vigilantes been over last 8 years…
    I would drift into commodities quickly if the bubble bursts…

  • Julie

    Thanks for the links GG
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Good stuff :)

  • Julie

    LITE A clean chart showing how I use exp fib moving averages aligning with support and resistance levels.
    JULIE https://uploads.disquscdn.com/images/b69166aa0fe1037cfffea10e3bc989feb055ae34a2bfdb535d06804b2147da66.jpg

  • Mark Shinnick

    Yeah…computers and graphics have made learning in the the investing field a lot more engaging. When might you venture into writing code to help execute your ideas?

  • Julie

    Mark In your spare time the ichimoku cloud use parameters 8,21,55 in lieu of the standard 9,26,52.It is amazing how the fib parameters align with fib retracements in all time frames i.e. 8 conversion line and 21 baseline. For extensions I use 1.272 — 1.414 — 1.618 and 2.I can be within pennies with those extension mumbers.USO I nailed the advance from 9.00 to 9.78 within 2 cents. 9.63 – 9.00 = 0.63 0.63 x 1.272 = 0.80 Now 9.00 + 0.80 = 9.80 It went to 9.78 and pulled back.
    JULIE

  • Julie

    Mark I had to edit I put 9.00 = 0.80 = 9.80 I had the = sign and should have been the + sign
    JULIE

  • http://evilspeculator.com Sir Mole III

    You should because there is no context – fib fans have little meaning to be frank. They only work if there is accompanying context and then – why bother and not just use that context?

  • http://evilspeculator.com Sir Mole III

    That’s a very personal question, Mark!

  • http://evilspeculator.com Sir Mole III

    100 comments on a Friday – during the middle of summer. Not bad!

  • HD

    RN Elliot circa 1948 is not the only EW methodology. Sheesh that’s archaic. You guys need to adapt. 2017 fellas.

  • Julie

    Mole I have one more chart forthcoming that you may find interesting
    JULIE

  • Julie

    This chart compares high beta stocks with low beta stocks High beta is SPHB. Notice the divergence ….. Traders perhaps showing signs of distress or lack of enthusiasm for the higher beta stocks?
    JULIE https://uploads.disquscdn.com/images/1aca420b8536e307a776702d1e4a24b314daa3dad8b23a9d81b2c9ce1b940e90.jpg

  • Julie

    Everyone Have A Great Weekend !
    JULIE

  • Mark Shinnick

    Yeah, that might mess a little with code execution :)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m looking forward to more exciting markets.

    meanwhile, this is what I had fun doing last month.
    *warning – coaster spoiler alert*

    https://www.youtube.com/watch?v=BaHCyahkiAY

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    you too. Read up on PnF, there’s a quiz.

    I myself will be dreaming about machine quants.
    https://www.youtube.com/watch?v=lt-udg9zQSE

  • http://evilspeculator.com Sir Mole III

    Very nice ratio. Seems to precede several turns on the SPX but lately is being ignored just like many of my momo charts. Thanks though – it’s a keeper.

  • ZigZag

    Saw on Quora that Scott was in ICU for 6 days – Hope he is doing better.

  • http://www.captainboom.com/ captainboom

    WTF? That’s serious shit. I too hope he’ll be okay.

  • http://www.captainboom.com/ captainboom

    Here’s a good link for weather odds.
    http://eclipsophile.com/americas-eclipse/