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Channel Magic
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Channel Magic

Channel Magic

by The MoleJune 15, 2009

1:42pm EDT: My little scalp didn’t work out so well. Geronimo is still in the game but might hold through all the intra-day whipsaw. Here’s a reasonable channel for you rats:

We seem to be sliding down the lower border – bulls are suspicously MIA.

3:16pm EDT: Careful rats – we might get a repeat of 4/20 here – hat tip to Eric_in_SF.

4:51pm EDT: Guess Eric and I were right – let’s see what the last few minutes bring. BTW, breadth on the SPX right now is 24:1 declining issues – if we get a pop it’s pure program trading.

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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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