Now Reading
Not Bucking The Down Trend
185

Not Bucking The Down Trend

Not Bucking The Down Trend

by The MoleMay 22, 2009

2:10pm EDT: Sorry, I couldn’t think of a clever title. In any case – watch our purchasing power literally evaporate before our very eyes:

If we breach below 77 we might be in real trouble as this could start looking like a third wave – the implications of which would be that we’ll drop a lot further. What’s interesting is that equities are not exploiting this. Meanwhile Gold is on the run – glad I didn’t short that sucker a week ago.

Pretty soon I’m going to have to ask for all subscriptions to be settled in Euros or Yen – I’m only half kidding folks 😉

2:46pm EDT: Quote Of The Day:

Possibility and probability are different — Robert Prechter

BTW, 896/897 is in reach now and I’ll be loading up on puts yet again once we touch that mark. 900/902 will be the next.

3:25pm EDT: Damn it! I was waiting for one more point when it all fell apart – LOL. Well, my existing puts are smiling big time now – nice way to head into the weekend.

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator