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Better Triptych Than Cryptic
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Better Triptych Than Cryptic

Better Triptych Than Cryptic

by The MoleAugust 29, 2014

I can literally see you guys scratching your collective heads, so let’s precede the charts with what the heck a ‘triptych’ is supposed be. Here you go – lifted right off Wikipedia: A triptych is a work of art (usually a panel painting) that is divided into three sections, or three carved panels which are hinged together and can be folded shut or displayed open. It is therefore a type of polyptych, the term for all multi-panel works.

2014-08-29_spoos_update

Well, I guess that cleared it all right up then, didn’t it? And you’ll be happy to know that all triptychs presented today were painstakingly hand-carved by yours truly. That’s right – we spare no expense here at Evil Speculator! (RIP Richard!)

Alright now seriously – it’s the end of the month and since the tape is diddle daddling around the 2k mark, pretending that it has any real meaning, this is as good a time as ever to revisit a few of our long term charts. And guess what – we’ll do it triptych style, meaning we look at the daily|weekly|monthly panels side by side. This way we are able to better discern where potential inflection points are present.

2014-08-29_spoos_triptic

Starting of course with equities here we have the E-Mini futures – purists would insist on charting the cash but on the long term side I think it’s acceptable to use them as price differences sort of wash out. As you can see there is – well, actually there’s almost nothing to be seen here in terms of upside resistance. I see a truck load of weekly and monthly support, for that matter. For instance there’s the brand spanking new NLSL on the weekly backed up by the 25-week SMA. On the monthly we’ve got the diagonal from hell which has been frustrating the bears for several years now. And every month higher produces another stepping stone for the bulls per the Net-Line rules (see the cheat sheet).

So we are looking at a solid trend here folks and if you cut out all the noise it’s never been really threatened this year, despite the little drop we recently played quite effectively.

2014-08-29_DX_tryptic

This chart paints a big smile on this lowly expat’s silly face – old bucky finally got its groove on and there’s really nothing holding it back until about 83.5. That is where I expect to be scaling out of those long positions which have been adding much ill-gotten gains to my trading account.

More non-cryptic triptychs below the fold – secret decoder ring required:

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Well, it’s been a fun and most of all – very profitable – summer for us steel rats. If you played along then you pad yourself on the shoulder and reward yourself with generous helping of your favorite malt beverage. Your mileage may vary but you know what that means for this old market megalomaniac 🙂

german_beer2

Prost!

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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