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Bear Trap!
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Bear Trap!

by The MoleJanuary 28, 2009

UPDATE 10:13am EST: I expect the Yen to bounce back any second now as we just touched its S1 pivot (1.1195 on JYH9). But take a look at this:

We gap at the open and then drop along with the Yen. Right…. we’ve seen that one before. If you’re bearish today, be careful – I think the trend remains to the upside.


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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