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Diagonal Bull Stop
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Diagonal Bull Stop

Diagonal Bull Stop

by The MoleApril 9, 2009

UPDATE 3:38pm EDT: Yeah, that was some extended breakfast 🙂 200 comments – are you guys insane? I thought everyone was leaving for the long weekend already. You rats hardcore, I give you that.

Anyway, it seems we are closing in on that diagonal I’ve been pimping for over two weeks now. This should provide a much needed damper to all that irrational exuberance of our mouth breathing friends.

“But – oh evil overlord – iconic (and handsome) leader of all lowly rat minions – what is that coveted diagonal you speak of?”

Well, there you have it. Isn’t it a beauty? I’m actually tempted to load up on some puts here, ahead of the long weekend – not much, just a few for shits and giggles. What say you – rats of bearish inclination?

Alright, 25 minutes to go – maybe the bulltarts can push this shit up a few more points 🙂 BTW, did you guys see that gap in the VIX – we’re around 37 right now! IV crush alone should be good for a few bucks on Monday – heck, I’ve seen a lot worse setups…

Bonus chart!!

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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