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Come To Daddy!
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Come To Daddy!

by The MoleJanuary 24, 2012

It never fails – on the few occasions I leave town for a few days something really interesting happens – this time was no different. Boy, where do I begin? It all unfolded Friday evening when the VIX closed outside its 2.0 Bollinger:

And that of course put a potential VIX sell signal (relative to equities) onto our watch list. In case you are a noob – here are the rules again:

For a VIX confirmed signal you need 3 events:

  1. A close outside of the 2.0 Bollinger Band (20-day SMA)
  2. A close back inside the 2.0 BB – this issues the signal
  3. A higher close (sell) or lower close (buy) than the close of the day back inside the 2.0 BB – this confirms the signal.

Once you get those three events a major reversal usually occurs within the next week. The sell signals used to be far more accurate than the buy signals, but in the past two years that relationship has reversed, thus I think it is dependent on the ongoing trend, which kind of would make sense. By the way, I’m adding this to our cheat sheet – for obvious reasons 😉

Yesterday we actually closed higher and inside the Bollinger – which satisfies step 2. And unless the VIX drops rather strongly in the next two hours I think we just may have ourselves a bonafide confirmed VIX sell signal here! And you know what that means – at the very least do not be long here.

It’s a bit late in the game but just FYI – the MMMR also painted an exhaustion signal to the long side on Friday. Great timing for me to head for Vegas – as I said, it never fails and the rats refer to it as the ‘Mole Factor’ – the ultimate contrarian entry signal.

Now, thus far we have been just fucking around sideways – as usual the tape is playing dangling carrot with the bears. If you we really get a meaningful correction here then there is a cluster of support that first needs to be breached. And unless we do so in the next week then whatever correction we may get may just be to the downside.

Another reason why I still remain a bit skeptical about any real fireworks on the bearish side is the AUD/JPY which has been happily pushing higher toward its target zone near 82.35. Volar did a great job applying his quant skills to the contradicting furball that we are dealing with right now. And I agree that we may just get a little shake out in equities before turning EUR momentum on the currency side continues to float all boats in stocks. I for sure would not want to be short the Euro or long the Yen right now.

Talking of which – our EUR/JPY trade is starting to look pay off in spates. When we took our entry near 98.5 we were a bit skeptical about the signal and expected to be stopped out during a more complex bottom fishing expedition. Well – for once we were proven wrong in a good way and the beast just kept on pushing up, making quick business out of that 25-day SMA near 99.6. At this point there’s only air above and I plan to hold this sucker all the way into 102.6.

Which brings me a few more FX setups we’ve got on our plate today. I also have one special chart you simply cannot miss and may just turn into the trade of the year. We have been waiting for a while and it seems all those chickens we sacrificed at full moon seem to have appeased the evil forces running this tape:

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More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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Behind door number one we have the USD/CAD, which is sitting right at a delectable medium term support line. I’d be long here expecting a push into 1.0187. If stopped out below that lower 25-day BB I would take my business to the downside and be out near par or a bit below.

Behind door number two lurks the USD/CHF – but it’s not ready for a real commitment just yet. I would let this one mature a bit and jump on it with a long position once it gets near 0.92.

And behind door number three we have the EUR/AUD which is now in the process of painting a floor. Its first attempt at breaching two consecutive NLBLs near 1.244 were thwarted but it’s back with a vengeance. I think you know the drill here and if you get stopped out you can flip this trade and bank a few pips into 1.23.

And finally the chart you have been waiting for – I’m sure you remember the 30-year treasury setup I have been pimping for the past two weeks. And it may just be right for the plucking.

That 25-week SMA appears to be giving way and I would be short here with a target around roughly 137. Watch that daily chart however – we have some possible potholes on the way near 137’25, so I would lighten up there and keep a few lottery tickets into 136.

Should this setup fail – meaning if you get stopped out – then I think we have a nice support level trade into 134’13 – not as juicy as the downside but as omnivorous stainless steel rats we take whatever we can get.


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Cheers,


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!

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  • Fibz

    lol @ that last chart. i’ve been watching that… technicals and options suggest to me it might be a bucking bronco though.

  • Joe_Jones

    Yum of a post! Welcome back Rat Boss!

  • https://evilspeculator.com molecool

    Same here – I can only take Vegas for three days max 😉

  • https://evilspeculator.com molecool

    Either way works – what’s important is that we are at an inflection point.

  • Joe_Jones

    You guys saw how VIX closed today’s opening gap? LOL!

  • nyse

    Any longer than that its like, “What the hell am I doing here? I gotta go.”

  • Joe_Jones

    Also closed the gap on the spoos

  • https://evilspeculator.com molecool

    We need to close above 18.67 today – 30 more minutes.

  • https://evilspeculator.com molecool

    I popped by the Cosmopolitan and it’s nothing like MTV wanna-be ghetto crowd – shudder. Maybe I’m getting old…

  • https://evilspeculator.com molecool

    I stayed at the Vdara – and can definitely recommend it, especially if you’re not the gambling type. Hot chicks galore and the ambience is nice.

  • Anonymous

    I figured you’d be at the Hard Rock, given the adult entertainment expo going on. 🙂

    http://www.adultentertainmentexpo.com/

  • Joe_Jones
  • Anonymous

    Heh. Look at that closing candle on AAPL. Can anyone say “stop run”?

  • Kudos

    And they destroy earnings by over 30% 
    13.87 vs 10.14 eps expected. Shares halted

  • Anonymous

    AAPL crushed estimates.

  • Anonymous

    Wow aapl doubled earnings! $46 Billion USD

  • Anonymous

    Nice up spike in /es !

  • Anonymous

    Hopefully, that 445 covered call I wrote will get me called away in the morning.

  • Fibz

    This should get the top buyers in.

  • https://evilspeculator.com molecool

    Well, we got that confirmation signal – let’s see what happens now 🙂

  • https://evilspeculator.com molecool

    Wow!

  • volar

    sometimes i like to short random crap… they wont let u borrow BVSN LOL
     

  • Anonymous

    I wouldn’t be surprised if this turns out to be the final blow-off top for AAPL before dropping with the rest of the market, but let’s wait and see.

  • Anonymous

    Heh. That made me laugh. I just looked at the chart for BVSN. Textbook exponential curve.

  • Kudos

    No options either. At least shld has options even though you cant find shares

  • http://practicalt.blogspot.com/ Gold_Gerb

    I’m surprised!
    ..as long as you know the odds.
    I guess it’s SAFE.

    http://www.unwinnable.com/wp-content/uploads/2011/03/Russian-Roulette-1.png

  • Joe_Jones

    Oh Damn: http://stockcharts.com/h-sc/ui?s=BVSN&p=D&b=5&g=0&id=p74456817204

  • Kudos

    Any Statistics on Vix sell signals or even buy signals? Like average return for S&P over 1 month, 2 weeks. Average gain/fall in vix?

  • http://practicalt.blogspot.com/ Gold_Gerb

    450 afterhours.
    it’s a $500 stock, right?
    it was inevitable, right?

    now.  can they top it in 13 weeks?

  • TwinTurboRX7

    How do you trade the 30 Years Treasury? Is it thru ETF?

  • Anonymous

    /zb futures.

  • TwinTurboRX7

    I guess, can’t trade it in TDA. Is there an ETF for it?

  • Anonymous

    They needed that, daily MACD just went negative with the bear cross.

  • Fibz

    interesting chart per zeroedge. so basically if europe tanks, apple’s sales tank:

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Sequential%20Mac%20Sales.jpg

  • Anonymous

    20yr you have tbf short and tlt long.

  • Anonymous

    TBT is also short 20yr but leveraged.

  • Anonymous

    Not sure about this play in particular, but I’m told SureTrader is supposed to be a great new broker for getting hold of borrows even for obscure, hard to borrow issues, but I haven’t tried them personally. Also, they’re (non-US) offshore.

  • jigdaddy

    MF global part 2…last thing volar wants to do is place his money with an unknow broker…

  • Anonymous

    The Gerb is back in town, with colt-45 🙂

  • Joe_Jones

    They’ll have to deliver the IPAD3 / iphone 5 this semester, for America’s sales to grow again.

    http://www.bloomberg.com/news/2011-04-05/apple-s-weight-in-nasdaq-100-to-be-reduced-as-microsoft-cisco-are-raised.html 

    AAPL was 13% of the NDX last April.

  • Anonymous

    Mole – are you going to provide those forex broker recommendations soon?

  • Joe_Jones

    Why don’t you find that for us lazy rats?
    😉

  • Joe_Jones

    Perhaps a kiss goodbye to the 100 days top BB:
    http://stockcharts.com/h-sc/ui?s=AAPL&p=D&b=5&g=0&id=p68480889709 
    Quite a bit of divergence on the RSI (5) to overcome.

  • Fibz

    Apple’s suppliers (ie. Broadcom) are looking pretty toppy. I think the top of the bell curve has been reached in terms of max profitability. I think suppliers will become a bottleneck for Apple’s profits once their own margins are crimped.

  • Anonymous

    Been waiting to short this pig for a long time. Ever since my shares were sold and tomorrow open looks like a good opportunity:)

  • Anonymous

    What could POSSIBLY go wrong? 😉

  • Joe_Jones

    The man is older than Art Cashin, has been trading with a method since the Fifties! He has something to say now: http://bloom.bg/wwk1XE#ooid=pmcXdjMzohe5-X5HaXT_alH5XOepNPDs

  • TwinTurboRX7

    I think if we follow that with TBF, then get long TBF with stop of about 31?

  • Anonymous

    My friend. At these market levels I will be long TLT not TBF. That would be my play. I am expecting equities to move down.

  • Fibz

    they always leave out the “from where” part to confuse the retail investor.

  • Joe_Jones

    I hope you find shares to short.
    😉

  • Anonymous

    and AUD/JPY is off to the races.

  • Anonymous

    WTF was that? AUD/JPY spiked.

  • Anonymous

    Just shorted that MF:)

  • Anonymous

    EUR/AUD got shanked

  • Anonymous

    SPY Monthly DeMark signals look convincingly bearish to me.  Interesting how the 13 signal hesitated for the summer dip just like in 2007-2008 13 signal hesitation.

    http://www.screencast.com/t/izrLg6vglP6V

  • Anonymous

    Is the 13 high above the Countdown 8 close ?

  • TwinTurboRX7

    I thought mole setup was to short /ZB which is the same as long TBF?

  • Anonymous

    Actually the countdown 8 is at 1327.22 (light blue line)
    If we close JAN over the close of bar 8 of countdown (1327.22) the signal is given.

    For DeMark’s alignment to work all the signals should work. However,
    since stops are based on closing prices, trading over 1327.22 and then
    reversing sharply would set up a massive alignment of sell signals such
    as we see only once in several years.

  • Anonymous

    Guys yen crosses are highly susceptible to down moves now. These moves higher are very suspect. I have gone short AUD/JPY now. stop is set 30 pips from price and take profit for now is the target of 80.00

  • Anonymous

    Aussie news

  • Anonymous

    yes

  • Anonymous

    Wow – look at that candle on AUD/JPY!

  • Anonymous

    Yeah. CPI came in cooler. I would definitely fade that move.

  • Anonymous

    yeah, higher above 1327.22 first for a completed Countdown Sell

  • Anonymous

    Flushing shorts?

  • Anonymous

    It’s being attributed to Aussie inflation fears ( i.e. possibly no interest rate reduction).

    http://www.cnbc.com/id/46123835

  • Joe_Jones

    Could have also been attributed to the solar storm, same thing to me.

  • Anonymous

    Maybe  some drop-off  beginning of Feb (3 – 6th?)  then a recovery high to end of  Feb 

  • Anonymous

    Looking at copper’s strength makes me think twice about shorting AUD/JPY.

  • Anonymous

    Yeah, the fault, dear JJ, is not in our stars, But in ourselves.

  • Joe_Jones

    true that. Greed and fear.

  • Anonymous

    Geez! On a mission.

  • Anonymous

    I have decided to increase my buffer in AUD/JPY, took some weight off increase stop 30 pips higher. This move smells really bad.

  • Fibz

    I was reading this pamphlet from Morgan Stanley recently about their 2012 investment ideas and one of their strongest recommendations was water. Found that hilarious. I wonder if they can manufacture scarcity of it like oil. Water isn’t destroyed. It evaporates and falls back down as rain.

    http://en.wikipedia.org/wiki/Water_cycle

  • Anonymous

    Water is a problem in places like China and India. Its actually not a bad recommendation. Water is a scarce resource. Did they say how you can play it?

  • Fibz

    I didn’t see mention of specific plays.

  • Anonymous
  • Skates

    Nestle SA

  • Fibz

    True it’s scarce in certain areas, but I think globally, the amount of fresh water probably doesn’t change much – it’s just distributed to other spots.

  • Anonymous

    Yep, added on the fireworks as well.

  • https://evilspeculator.com molecool

    Fibz – unfortunately you are misinformed. Champagne water is rapidly becoming a scarcity globally and I think the next big war is not going to be fought over oil but over water. Google around a little bit to get an idea of how limited our supply is in the face of an exploding world population paired with climate change.

  • Joe_Jones

    that is one strong signal on the 5 min

  • https://evilspeculator.com molecool

    Yes, very soon, mate.

  • Anonymous

    Not done yet:) Now we need one of those out of EURUSD.

  • Fibz

    An exploding world population is another thing I’m not sold on. 🙂

  • Anonymous

    Hahaha you should travel a bit.

  • Anonymous

    Looking forward to it.

  • Fibz

    I have… been to over 20 countries.

  • Anonymous

    Wow nice! I wish I could say the same.

  • Joe_Jones

    Agreed. Exploding world population growth is based on a sustained global economic growth, no global wars or pandemics and absence of population growth controls. And all those assumptions are not given.

  • Anonymous

    From what I read there’s very little correlation between worsening economy and birth rate.   In fact some economists and anthropologists are trying to link a relationship between improving economy and LOWER birth rates.  But that’s neither here nor there – the census numbers are proof enough that we’ve had geometric growth in population in the past 100 years.  Much of that growth on the back of improving food processing via industrialization via the use of natural and fossil fuels – if this is a spurious relationship or not is still up for debate, but the explosive growth in global population is a fact.

  • Joe_Jones

    Personally I also think the global warming turned climate change theory is one big scare tactics to collect more taxes from the sheep. The sun intensity has a much bigger effect on temperatures than any other source, and the planet auto-regulate itself when it’s too hot.
    Plus excess Carbon produced by green house gazes is consumed by coral reef and vegetation in their growth.  I don’t know if you noticed but during the last 4 years when the sun intensity was at its minimum, it felt damn cold during winter, we had record snow storm, and the ice polar caps actually grew bigger.

  • Fibz

    A list of other factors as well, such as increased awareness (selective breeding) due to the internet, gender equality, etc.

  • Anonymous

    You might want to research this a little more as you are incorrect on many points..

  • Fibz

    I think gender equality is actually responsible for slowing population growth, which increasing wealth is a catalyst for. The question in my mind is what happens to population growth once gender equality is established in a developed country with a declining economy. I don’t think there is a precedent for that.

  • Joe_Jones

    The truth is nobody masters fully the science on how mother nature behaves but there are enough credible stories and facts out there that raise questions about the real motives of the “elites” in pushing climate change on people. Here some readings:
    http://www.wnho.net/global_warming.htm 
    http://www.globalwarminghoax.com/news.php 
    http://en.wikipedia.org/wiki/The_Great_Global_Warming_Swindle

  • Joe_Jones

    Scandinavian countries experienced quite a boom during the 90’s and 2000’s decades thanks to good social policies and economic growth

  • Anonymous

    Fresh clean water is already a big problem in countries like India. Here, even states fight big time among themselves for water resources. And ground water levels have been falling alarmingly. Next wars, definitely over water. China already recognizes this and is very aggressive over control over water which flows across countries.

  • https://evilspeculator.com molecool

    Thirteen years ago we reached six billion. Today we just marked seven billion. Ever heard of an exponential curve? Do the math, mate.

  • Joe_Jones

    Looks proportional to the global debt creation.
    What would happen in a global deleveraging environment?

  • Fibz

    seems that transporting water is the main issue:
    http://www.livescience.com/2639-water-shortage-myth.html

  • Anonymous
  • Fibz

    thanks… i’ve been researching and stumbled across CCC and ERII which seem interesting too.

  • http://iberianviews.blogspot.com/ catracho

    developed or developing?  BIG difference…

  • http://iberianviews.blogspot.com/ catracho

    gives you an idea of how much FRESH water is actually freely available.  We live in water shortage area in Spain..

  • Anonymous

    Oh dont you worry. Copper will go down with the rest.

  • Anonymous

    @Skynard:disqus Getting fully loaded here. Buckle up!

  • Anonymous

    Short AUD/JPY, /HG, /GC stopped out of my /ES trade. Long /DX. Let’s see if Apple can keep this market up alone:)

  • Anonymous

    I am picking short aud/usd, long usd/cad, long /dx short /es, oil seems weak hence cad will be weak too.

  • Anonymous

    /CL looks like a broadening megaphone.

  • Turps

    Mole this is a seriously well behaved blog, conversations on climate change on any other blog would result in name calling, hot tempers and troll rants. Well done! 

    Fibz, WRT water I  think the thing that struck me the most when I came to the states and Canada for the first time was just how much fresh water there is over here. It seriously freaked me out.
    I read stat somewhere that stated that the outflow of the mississippi annually was more than the entire rainfall of Australia! considering that both the Mississippi and Murray rivers drain about the same amount of both North American and Australian continents the difference is staggering. The Murray is salt water and tidal for miles inland as opposed to what the Mississippi pushes out.  

  • Anonymous

    I think birth rates are more strongly tied to undeveloped companies, rather than developed nations.  Don’t think global deleveraging has much effect on people who don’t have anything.

  • Anonymous

    FYI..Big Volume hole for / NG at @ 2.83 to 2.967

  • Anonymous

    I think /NG needs to blast past today’s High of 2.710 (also top of the last significant volume bar) and its off to the races.

  • Schwerepunkt

    You are correct. The US and Canada have mind-boggling amounts of water resources. The problem, of course, is distribution.

    I live on the St. Lawrence Seaway. As you probably know, it drains the entire Great Lakes basin east to Quebec. 
    Upon reaching the Gulf of St. Lawrence, it discharges 16,800 m3/s (590,000 cu ft/s).  That’s a lot of water. 

  • Anonymous

    As most rats on here know. I do follow what central banks (dungeon masters) have planned to say or what they think they will say. It is pretty obvious that the markets especially equities are waiting for the statement of what ole Benny will say going forward. Of course what he has going forward has the potential of creating  “pegged markets” but a worse scenario for the general economy will be that there will be too many large one way bets in the markets and the inability for the flows to reverse back to normalcy could be volatile and destructive to the general economy, because of the supposed transparency they are trying to give off. But just MAYBE this will cause a trickle effect back to normalcy (pegged markets). I salute you Benny good luck!

  • http://practicalt.blogspot.com/ Gold_Gerb
  • http://practicalt.blogspot.com/ Gold_Gerb

    I use to blame golf courses for water consumption.
    but realistically….it’s FOOD.

  • http://practicalt.blogspot.com/ Gold_Gerb

    indeed, the Market is waiting.
    (dam theta burn, glad I wasn’t trapped!)
    http://i41.tinypic.com/2ew2l9g.png

  • Anonymous

    Please correct me if I’m wrong, but is that an RTV Sell I see on the daily /ES?

  • Anonymous

    Greetings all.  Feeling comfortable with my shorts here and have some breathing room.  Still think we need to pull back here somewhat and the market doesn’t have the energy to hit new bullmarket highs without one.  Glad to see the Vix signal is on my side but a little wary of the Fed………..as AMC so correctly points out anything can happen.  Its hard to tell whats priced in at this stage, but I suspect any upwards moves following anything Bernanke says are to be faded. 

    Also opened a starter long EURCHF position at 1.2069, will add to it every 10 pips lower.  This is a long term strategic position (I have Swiss real estateinvestments) with mental stop below the peg. 

  • Anonymous

    I have been stopped off my quick term short yesterday and did not enter back. But I still think it wouldn’t push further up unless it revisits a near low, either 2.51 or even the 2.26. I base this on the thinking it didn’t accumulate enough for a significant push or didn’t shake enough weak long hands.

  • Anonymous

    Shorted Silver and ES at open.  Still watching the bonds.

  • Anonymous

    MM’s decimated the weak longs…capitulation was everywhere on msg boards..I thought some UNG holders had already loaded bullets

  • Anonymous

    back into a quick short at ~2.64. stop at ~2.668
    approximate because i am trading indirectly through an ETF (HNU.TO)

  • Anonymous

    why not buy 2014 jan. calls for .38c? could be easy double…

  • Anonymous

    what has happened to the aud/jpy to equities correlation this morning?

  • Anonymous

    Went short /ES @ 1308

  • Kudos

    Pre Fed shenanigans

  • Joe_Jones

    yep fade the pre-Fed action

  • Schwerepunkt

    Is FOMC at 12:30 now?

  • https://evilspeculator.com molecool

    Thanks mate – the reason is that my stainless steel rats have learned to fade emotions and simply focus on the facts. It serves us well when it comes to trading 😉

  • Kudos

    Took the /ZB trade with stop above 100 day at 141’3, 100 hour stop at 141’29 and yesterdays inside day stop at 141’25 . Lots of resistance

  • Joe_Jones

    Yes according to http://www.forexfactory.com/

  • Schwerepunkt

    And then we get the Uncle Ben report at 2:15pm. The expert in converting Rice to shit and back again.

  • Anonymous

    I hold WTR for years

  • Anonymous

    Rate announcement: now
    Forecast: 2pm
    Bens Press conference: 2:15

  • http://practicalt.blogspot.com/ Gold_Gerb
  • Schwerepunkt

    GaaaaaaaK. 

  • Schwerepunkt

    Green. What a surprise. 

  • Anonymous

    WTF!

  • Anonymous

    here’s the fake out…

  • Anonymous

    Did you buy the dip today?

  • Joe_Jones

    Yum. Here goes my appetite.

  • Joe_Jones

    Yep. Always fade the first move.

  • Schwerepunkt

    McKaka?

  • Joe_Jones

    Especially when zero’s not participating

  • Anonymous

    GS is getting redder…

  • Joe_Jones

    Here’s your short entry

  • Anonymous

    Stopped out and reloaded, maybe our blow-off:)

  • Anonymous

    SLV at the 100 sma

  • Tronacate

    Is this an RTV sell???    Just not sure on all this……

    http://screencast.com/t/xEAl03MBIR

  • Anonymous

    I’m moving my sell order in the AUD/USD up to 1.06. Since I already have AUD/JPY which has been cut into half position at the moment. So update ZAR I took profit I was long ZAR only mini lot. Aud/Usd sell order at 1.06 and 1.05, be very careful men do not get overly bearish

  • http://practicalt.blogspot.com/ Gold_Gerb

    (GG dumps his SLV longs)

    too hot.

  • seek_truth

    FAZ not buying this move up by /ES

  • Fibz

    check out USD… ouch.

  • Anonymous

    Gold now at its 61.8% retracement and the upper Bollingers. Would be a good place to turn around, but I’m not going to short into this strength directly.

  • Anonymous

    gold settlement tomorrow…seems ready for beat down…can anyone see if russell pushed above upper bb

  • Anonymous

    Check out 5 min GBPUSD on ZeroFX. Cant even get above zero the last two hours.

  • Schwerepunkt

    VIX not cooperating with a sell-signal scenario.

  • Anonymous

    Gentlemen this is the way I see it.  Confidence is not good. Equity markets would rally more if rates were not set that low for a longer period. What we are seeing in AUD and ZAR is a interest rate play. Meaning real hot money.

  • EvilTrader

    Bears , capitulation ??

  • Anonymous

    Russell 2000 (IWM) RSI not confirming this rally today

    Divergence short term

  • Anonymous

    Gentlemen I cannot stress enough you need to be patient. 

  • Tronacate

    Guess I need to study…….worked…..but want to know if it was a true RTV sell setup

    http://screencast.com/t/xEAl03MBIR

  • Anonymous

    Blow-off IMO, should know soon enough:) ZL definately not buying it.

  • Anonymous

    Sell signal is in effect, I believe, as criteria was met. The most important part of Moles above post is ‘a major reversal usually occurs within the next week’. I’m sure he put the last part in italics just for reasons like today…We still  broken convincingly thru Mondays SPX hi of 1322.23, yet AUD/JPY has climbed very close to his T-target of 82.35 (just touched 82.26).

  • Anonymous

    put option vol. on USO is interesting…

  • Anonymous

    dude – are you still in this?

  • Anonymous

    Good short!

  • http://practicalt.blogspot.com/ Gold_Gerb

    currency move.
    dollar down, equities up?

  • Schwerepunkt

    SPX high just fell.

  • Schwerepunkt

    Hard to take a position ahead of Uncle Ben. Better to wait.

  • Anonymous

    Yeah I just saw that also, price has stopped at the overlap of the hourly BB’s, 25 & 100.
    now looking for a setup sell

  • Anonymous

    15 min inside bar may have failed to continue, may need to wait for the 30 minute  inside bar

  • Anonymous

    looks ok to me  all the setup happened within 5 bars, triggered on the 6th bar from the high 

  • Anonymous

    SPG hit top of channel…might make good short
    http://finviz.com/quote.ashx?t=spg&ty=c&ta=1&p=d 

  • Anonymous

    Ahhh! Uncle Ben up now.

  • Joe_Jones

    L…OL!

  • Anonymous

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/68e5b94d-0a9c-499d-a0b9-12e931c9f22a/2012-01-25_1401.png
    mmm, looks like yellow oval is finished doing what it does best…Remember our conversation  JJ.

  • Joe_Jones

    🙂

  • Anonymous

    AUD/USD been triggered short. 1.0590 was good enough for now. Stop set at 30 pips above.

  • https://evilspeculator.com molecool

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