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Breach Attempt 2.0

Breach Attempt 2.0

by The MoleMarch 4, 2009

UPDATE 9:41am EST: 250 comments over night – you guys are animals!

That’s a nice channel breach on the Spiders. Could be for real – I expect a little re-test maybe and then we’ll either go gang busters or it falls apart like my wife’s soufflé. I for one would appreciate some upside for a chnage – player needs a rip.

UPDATE 10:32am EST: Well, that didn’t last very long – we are below VWAP on the ES and the YM. NQ seems to be leading today again – keep an eye on that. The Yen tried to make a run for it and got swatted down again. Don’t write the bulls off just yet however – we have been in the 890 – 710 region for 12 trading hours now and unless we breach this level soon this might be accepted as a temporary market bottom.

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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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