Finally!!
Since I already elaborated on the implications of the Dow rising above 11,587 in my previous post, I’m going to get right to the point: First, I think it is fair to announce that we eliminated the former heavy weight…
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.
C-ya!!
Very quick update right after the bell – I will follow up with some more details later this evening. Here’s the gist of it: As the $INDU breached $12,587 we eliminated the near term bearish case – the $SPX is…
A as in Apple
Apple is up almost 3% today, but that’s not why I’m posting this. Rather, it’s pretty obvious that Scenario A has transpired and that A+ (the immediate push down) can be discarded. As I’m writing this we are actually touching…