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Bulls MIA?
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Bulls MIA?

Bulls MIA?

by The MoleJuly 8, 2009

11:25am EDT: Alright, we have arrived at an important inflection point – if the bulls can’t hold 876 this market is going to shit in a hand basket – right now:

The yellow line is important – officially we have breached that H&S neckline and if there will be a final head fake they have to bring it on now otherwise gravity will accelerate this thing into terminal velocity.

12:37pm EDT: Market still can’t catch a bid it seems – the slow melt-down continues. Here’s a channel while we watch things unfold:

This thing can go anywhere right now – zero lite is solidly negative – don’t try to catch a falling sword.

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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