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MMMR Alert
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MMMR Alert

MMMR Alert

by The MoleNovember 9, 2011

You guys probably recall that mysterious Market Maker Mind Reader I introduced a week ago:

Well, it’s now telling us to take profits on our short positions. And actually it told us to be short yesterday – should have added that to my pile of evidence I presented in yesterday’s post.

Anyway, Mr. VIX is near the 2.0 BB line – not a bonafide VIX buy signal (relative to equities) but good enough for ‘govumint work’ as they say 😉

Now, that does not mean there is no further downside on the horizon on a medium basis. But a forward thinking trader would probably call it a day after a 50 handle drop in the spoos.

You have been briefed – and consider this my good deed (a.k.a. freebie) for this week.

Cheers,

Mole

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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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