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Wait For It
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Wait For It

Wait For It

by The MoleJune 12, 2009

10:11am EDT: That’s a nice start but I encourage everyone to wait for confirmation before jumping into bearish positions with both feet:

927 would be a good start and I personally am hoping to see 922 get taken out. Until that happens we are still only bouncing around inside the house of pain.

11:25am EDT: Dollar is bouncing back a little this morning:

The developing H&S would be not as clean but still perfectly valid if we press on higher from here. A drop at this point would be a bad omen that more downside is looming. Again, this is not an H&S yet – we need to see 81 to complete the touch of the neckline.

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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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