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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.

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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