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Whipsaw Galore
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Whipsaw Galore

Whipsaw Galore

by The MoleMarch 25, 2009

UPDATE 12:45pm EDT: Boy, that’s some ugly tape – hating it. Frankly, right now I don’t have much to offer besides this:

We seemed to have transitioned into a new channel – observe how we gyrate up/down with some pretty wide swings. I think daytraders are loving the action today but as you know that’s usually not my cup o’ tea.

Anyway, instead of babbling on about this crazy tape I will probably remain quiet into the close unless something exciting happens. Prefer to keep hacking on that new pet project I’ve been talking about. For the record: I don’t even think I’m going to touch any of this until we arrive at what seems a pronunced low [i.e. 2 of (A)] – anything in between is chop suey.

UPDATE 2:46pm EDT: Well, glad I held those puts – just have been letting them ride all afternoon. Not much to say otherwise. Another reason why we fade the news, rats 😉

UPDATE 3:35pm EDT: I think we just got ourselves a nice B wave:

I will add to my puts towards the closing bell as we might gap down tomorrow morning.

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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 the usual social media waterholes.
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