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Back To Basics
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Back To Basics

by The MoleOctober 19, 2010

Here is one sign that is sometimes early – but rarely wrong:

Well, I have a better one – simple but effective πŸ˜‰

Nice cross-over on my weekly stochastic – the heat is on for the longs. This chart has only failed me once on a long term basis – which was obviously in summer/fall 2009 when nothing could stop a relentless POMO induced melt up.

Let’s see what happens this time. But the odds are slowly starting to shift now. I want to see the Dollar punch higher here as well – in order to bring down equities we need to see several factors combine and produce a downside pull that even Bernanke’s printing machines cannot cope with.

Again, I don’t have high hopes for anything significantly bearish ahead of the election. But wouldn’t it be fun to see a meaningful slide just going into the final weeks? Yes, maybe a dash of Schadenfreude here – sorry, it’s genetic πŸ˜‰

Cheers,

Mole


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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