Now Reading
Drip Drip Drop
200

Drip Drip Drop

by The MoleJanuary 31, 2018

Human psychology has always fascinated me and if you are  interested in herd behavior then what’s been happening in the crypto space over the past few years surely offers an abundance of research data. Of course to us older steel rats none of this new as we’ve seen it all before in 2008, or some of you dinosaurs even further back in 2000. HODL tweets have now become an omni-present battlecry on my twitter feed, all intellectually justified and emotionally rationalized for ‘philosophical reasons’. As if losing your ass whilst holding a currency somehow advances the human condition or in some way engenders social justice. Oh paaleeze – get over yourself people!

Now look here cryptobugs – what we’ve got right now is a pretty solid sequence of lower highs and lower lows. Buying here isn’t a bad spot obviously, much better than at 14k obviously. But the crypto bulls have effectively been put on notice and until $13 is confidently reconquered we may at minimum see a bit more whipsaw. BTW, a push < 9230 could trigger all kinds of fun, meaning a massive sell off that sends a wave of panic selling through the entire crypto space.

We are used to this kind of stuff, sort of I guess as we probably have been conditioned to the upside over the past few years. But at least we’ve seen blood flowing in the streets and that’s not an experience you are soon to forget. Most of those crypto kiddies however only read about market crashes in some old dusty books, if they could find any. 2008? Boy, that’s like – ancient history, right?

Anyway, if you want to be long here have a stop in place slightly < 9230. Don’t be stupid and HODL just because everyone else is – you’ll thank me later.

The E-Mini looks very very juicy here and I had to muster up a bit of self discipline to not grab a long position. Why? Just yesterday I was talking about the VIX/VXV ratio (to the subs) and how I wasn’t prepared to go short this market. Well, I am also not prepared to grab long positions after the monthly candle we are most likely in the process of finalizing today. Don’t get me wrong – I have nothing against hopping on a trend, but this is a bit more than I feel comfortable with. As the saying goes about bold and old traders – I happen to be one of the latter.

Dumbing it all down: I have no problems participating in a market that I hate, but I can and will not participate in a market that I do not understand. And equities right now make little sense to me. They may again after a little healthy shake out.

The Dollar continues to piss me off and although my campaign is still in play its odds are now sinking faster than a rubber dinky near the coast of North Korea.

That reversal I had in mind should have taken off by now but after two lackluster sessions I’d give it only a 33% chance at the point. 50% odds are pointing toward a visit of 87.5 and there is even a lesser chance that we drop all the way to 85. At which point I’ll probably have to reconsider the wisdom of over regulated child labor laws again. Unfortunately I have no kids so I was wondering if any of yours would be interested in a fun summer camp I plan to set up right here in Spain.

I’m glad that I didn’t jump the gun and advanced my stop to break/even yesterday as it’s finally taking off after a bit more whipsaw. So our stop now goes to b/e and hopefully it’ll rocket higher for the remainder of the week.

For more charting goodies and new setups please join me below the fold:

evil_separator

It's not too late - learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.


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

  • Mary

    Bonds and equities are positively correlated – at least for the present.

    This is not typical.

    I’m not sure of its importance – if any.

  • StockTalker

    Rode her to 26080 and went long, short now.

  • Yoda

    To my lens, today’s price action on the main indices will be really important as it will define the shape of the monthly candle and may give us a good insight about February’s action.

  • StockTalker

    Noticed that as well, very strange.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    faster than a rubber dinky near the coast of North Korea

    good one.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Edgy

    It’s getting harder to hold up the house of cards.

  • StockTalker

    -3 /YM avg 26263:) Most definitely running out of steam 3 0f 3

  • StockTalker

    Who is playing on fed day?

  • StockTalker

    Getting ready to long /NG again.

  • TS
  • Mary

    and?

  • Yoda

    the piper

  • BobbyLow

    I’m currently holding a short in Oil and Oil Services OIH that I’ll have no problem flipping if the situation presents itself. I’m on the sidelines with Gold until after the Fed Ann.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    future cuckold. poor kid.

  • BobbyLow

    Speaking of Dinosaurs, I had to look up the term HODL. 🙂

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    LOL.

    I just found out back at TurkeyDay.
    😉

  • StockTalker

    Exited 26228, waiting for a spike high (stop run) to go short again.

  • StockTalker

    -2 /YM 26278, may be early but may not get that spike either.

  • Mary

    heads up – crude oil inventories in 3 minutes …

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Ouch:) Still short

  • BobbyLow

    6.8 Million Bl Build. vs. .1 Million Est. This is a higher build than the API last night. Price is holding and have to see how it shakes out.

    Still Short

    EDIT
    Most of the time, Supply and Demand to the end consumer doesn’t mean squat.

  • StockTalker

    short /6E 1.2509

  • StockTalker

    Exit 26223, wait for another.

  • Darrell Osgood

    Mole, is this a martial arts camp? I have a snowflake that could use some whipping into shape. The school is undoing manliness faster than I can man them up. The wife and I are not in a position to become full time teachers, though I do what I can.

  • BobbyLow

    55 Points. That’ll buy you a nice breakfast this morning. 🙂

  • StockTalker

    Lol, do this all day long

  • BobbyLow

    You’re good at it!

    I tried scalping /YM for awhile and had mixed results so I went back to what was a better fit for me.

  • StockTalker

    I tend to be bias on longer time frames so this is my ticket:) 2R thus far today

  • StockTalker

    Will long /NG on a back test here.

  • Mark Shinnick

    labd new local high. Local objective about 2.5% away.

  • StockTalker

    So many ways to skin today, good day to be trading.

  • StockTalker

    BTC in trouble here!

  • Darkthirty

    Look in the mirror. You can talk at them all day, yet they’ll watch and emulate you…

  • Mark Shinnick

    I wrote it off the moment one could get a house in some places for around 20k. 50% correction I guess supports BTFD HODL’ers argument so this has been a fun joust to watch 🙂

  • Ian Naugler

    One of the all time best Bitcoin talk posts ever!

  • Yoda

    market is littered with booby traps today

  • StockTalker

    +2 /NG avg 2.9915

  • StockTalker

    I like boobies:)

  • BobbyLow

    Not loving the price action on /CL. Smells like an old fuckerooskie play at work with buyers holding price up after a big build.

  • Mark Shinnick

    Yes…a way to bide time with head fakes.

  • HD

    Bull market stats from ‘09. February has produced a HH 6:8 times. Feb ‘16 being one that didn’t but that was the start of PIII up. The other was ‘10 arguably also a bull wave kick off.

  • HD

    People aren’t long BTC from $19,000. They are long from $0.19. Let that sink in.

  • Mark Shinnick

    Ok. So now we observe the % 35 year break of trendline.

  • HD

    JMho but “fading the herd” is a terrible investment strategy.

  • Mark Shinnick

    Yes. for most of the trend it truly is.

  • BobbyLow

    Closed out short oil and short oil services for combined +1.65 R. All in cash until after Fed.

  • StockTalker

    L /YM 26166, wave complete.

  • HD

    FOMC 2:00 today?

  • StockTalker

    Yep

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Here comes the dollar

  • StockTalker

    Time For an /NG run now. Will hope to hold for that gap fill.

  • HD

    FANG is a perfect example of herd mentality- https://uploads.disquscdn.com/images/ede1631ffb3c3d52b615ce7cc6f0772ad2a80e62614c394ac8e9b68e14e6932c.png FOMO. You’d have a hard time finding a mechanical system that beats that portfolio, even managed futures guys won’t say they can beat it.

  • Julie
  • Julie

    UNP and XHB the lower high on a bounce What I have been waiting for
    JULIE

  • StockTalker

    Out of /6E .52 R, take the money and run to the next trade.

  • Julie
  • StockTalker

    Got bitch!

  • BobbyLow

    LOL

  • StockTalker

    Not me, zero game bro

  • StockTalker

    If 26200 holds will place a stop/short there.

  • Julie

    BL GDX looking for another leg down to perhaps the 55 ema or support approx. 22.82 – 22.95 JULIE https://uploads.disquscdn.com/images/5a0d075569afa1699a79ae6b60ddfb0333451f8aeb96f3c26bcf9d187ec8df0d.png

  • Julie

    Who in their right mind is buying the Banks ? BAC fills the gap on a bounce retracing 76%. Looking for Monday and Tuesday’s drop and consolidation to drop further today. Opened a short probe yesterday (very small position)
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    give in to the Dark Side. use Keltner channels.
    😉
    http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:keltner_channels

    “There are two differences between Keltner Channels and Bollinger Bands. First, Keltner Channels are smoother than Bollinger Bands because the width of the Bollinger Bands is based on the standard deviation, which is more volatile than the Average True Range (ATR). Many consider this a plus because it creates a more constant width”

  • HD

    From a time POV the initial wave off ‘09 was 26 months. This wave just completed 23 months. Relentless

  • Tomcat

    Looks like its closing the gap on Jan 23. Also be mindful of seasonality

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    The banks of course.
    https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp

    Curse Jaime Dimon – I spit on him.
    😉

  • Julie

    GG UNP and XHB the lower high on the bounce
    JULIE

  • Julie
  • Julie

    GG I like Keltner channels using 21 in lieu of the 20 and it is ema in lieu of sma
    JULIE

  • Mark Shinnick

    Banks have, even more brazonly, taken over more control of key governments.
    Their agents are fully protected by their militarys.
    They have no fear of consequences and who really seems to care?

  • StockTalker

    Ya, they screw with you on contract roll too.

  • StockTalker

    Maybe 5%, the rest are caught right now

  • Julie

    Hi Mark Everyone seems to have forgotten TARP Too Big To Fail. Like GG says curse Jaime Dimon
    JULIE

  • StockTalker

    Stop/short is in now, let r rip!

  • StockTalker

    Fuck it, went short 26226

  • BobbyLow

    This has been my best January for booked trades in many years. The key https://uploads.disquscdn.com/images/d7b118ecb09fca28267714c740e7a8ba288aa8eb2b5e9fa1a1d4ba10e1fc6779.jpg is to maintain a decent degree of consistency in February and beyond . . .

  • Julie

    Stalktalker SPX must close above the Ichi Cloud conversion line (8) at 2840.50 JULIE https://uploads.disquscdn.com/images/3e5533843bde516199af62a10ac5995ef2f45f00159842d87192bd6541cbec50.png

  • Julie

    Excellent BL
    JULIE

  • https://evilspeculator.com Sir Mole III

    Comparatively quiet today. What’s happening guys?

  • https://evilspeculator.com Sir Mole III

    It’s Bobby Low’s earning season 🙂

  • BobbyLow

    Thanks Julie

    What I have to do now is keep from reverting to some of my old bad habits which sounds easy but can be a challenge at times. Trade my plan and follow my own rules. . .

  • Julie

    Hi Mole definitely subdued today Doing fine Chief
    JULIE

  • Mary

    VIX LOD …

  • BobbyLow

    Thanks Mole. 🙂 I learned how to how to keep the stats above from being here at Evil Speculator. You, Scott and others here have really contributed to my game.

  • StockTalker

    /NG moving

  • Julie

    BAC Check this out guys Monday a shooting star. Yesterday a gap down then a rejection of Monday’s low a resistance closing near the LOD beneath the conversion line (8) and the daily 5 ema. Then this crap today ! JULIE https://uploads.disquscdn.com/images/c3cf7b39a8bcc3182bd3e83acc3dcf17906335d79a5360bda3cfb44b35b132e9.png

  • StockTalker

    Allot of pressure on this market here, maybe time to move the cheese.

  • StockTalker

    Nice wrap sheet bro!

  • https://evilspeculator.com Sir Mole III

    BTC scraping 10k again.

  • Julie

    BAC 10 min chart observe the consolidation i.e. triangle abcde. Usually I mean usually this is a precursor for another drop BUT I crapped my pants tis a.m when it opened higher then a rejection of the upper triangle trend line Good Grief just a small position Shown BAC 10 min chart JULIE https://uploads.disquscdn.com/images/f5dddfc0367380e403d894704c226380a5ad58f47a524c36219d59131efb3e8a.png

  • Mark Shinnick

    Its intriguing, to be sure Mole. But, hey…the planet’s big whale capitalized game is equities.
    Navigating a presumed ever-smaller exit door is my own primary focus.

  • Mark Shinnick

    Yes… biding time as I believe is being used to reposition after the 35 year trendline break.

  • CandleStickEmUpper

    I am long btc futures, 9980. Long NQ 6960 for a scalp

  • StockTalker

    Dammit tried to add. Never filled. here we go.

  • HD

    As mentioned yesterday. 2834 gatekeeper! Shakenbake

  • BobbyLow

    It’s accommodative forever folks!

    https://www.federalreserve.gov/newsevents/pressreleases/monetary20180131a.htm

    “. . .In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/4 to 1‑1/2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation. . .”

  • StockTalker

    Lol

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    translation please..

    Zimbabwe B!tchez??

  • Mark Shinnick

    Meanwhile their track record of assessment has been very poor.

  • BobbyLow

    2 percent inflation my ass. Anyone gone food shopping lately?

    How fucking stupid do they think we are? Even if it was a 2% inflation rate can anyone calculate what the net inflation would be exponentially in 5 years? 10 years?

  • BobbyLow

    That’s for sure Mark.

  • Yoda

    Looks how flat the zero is for a hint

  • StockTalker

    Die B$$$$!

  • Julie

    OLED Looking to short a lower high on an oversold bounce. Down to it’s daily 144 ema; lower cloud boundary and support zone May go long with a bullish close above it’s 5 ema not shown which was the high today https://uploads.disquscdn.com/images/15df84e29fba1aba07ddd4c92cb8687ddb1ff19fa8b1b8b43f6770bc4f9210d2.png JULIE

  • HD

    When was the last 3 day hit? Might see buyers defend yesterday’s low. Jmho

  • StockTalker

    Big move coming, be afraid:) Armageddon maybe!

  • StockTalker

    Kiss good bye!

  • HD

    But the VIX….. 🙂

  • StockTalker

    EOD will give up the answer.

  • HD

    We have a market.

  • Yoda

    Closed the long GDXJ trade for break-even

  • StockTalker

    Lol, late in the game for any long positions unless scalping

  • Mary

    until tomorrow

  • Mary

    how do you measure ‘pressure’?

  • Julie

    Yoda IMO another leg down GDX posted a chart below
    JULIE

  • StockTalker

    Conditioned you are! 26k test right now coming

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I take partial credit. Keeping you on the ‘straight and narrow’
    ;-D

  • Julie

    UNP and XHB Yeah ! Now if anyone wants to short CAT A bounce off it’s daily 34 ema and having trouble at it’s Ichi Cloud conversion line (8) ; https://uploads.disquscdn.com/images/bfef08fabeac0652d7c390bcbf325f7c012c3e4aeda22e1098eb921c4e71bdd0.png baseline (21) and daily 21 ema JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I went to lunch.

    back to work you scurvy rats!!

  • Mary

    conditioned to avoid predicting 🙂

  • Mark Shinnick

    How about a “set it and forget it” trade? sh breech of this inflection with tight stop until out of the woods if this is for real.

  • Ian Naugler

    Long from 9780…we’ll see. Turning out to be a hard earned support or resistance if we drop through this chop.

  • StockTalker

    All in the game, no prediction. Market will in fact test support. If it fails, guess what happens?

  • Tomcat

    Thats the thing BL, they removed food and gas prices from calculations a long time ago

  • Mark Shinnick

    New local highs labu in route to local objective. Nearby objectives from there presently indicate about 10% more to go short term.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that was the first clue.

    ever get the feeling…?

    http://www.welovetheiraqiinformationminister.com/images/07-minister.jpg

  • Julie

    BAC added to short probe double failure at 32.25 resistance
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    #LabsMatter

  • StockTalker

    Dead cat bounce, will get long again at 26k

  • Yoda

    Damn! I think Mrs. Market just taught me a lesson about too tight stops

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    The heck with the Rails Homebuilders and Banks ! YEAH !
    JULIE

  • Mark Shinnick

    Ok, so first objective practically met…see what happens.

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    GLD,
    stops? “we don’t need no stinkin stops”

    a line is nice, but never forget how far your special line has been crossed. (before)
    so you can set a wide stop.

    https://uploads.disquscdn.com/images/7f670a924865de26524cc7538539c7c592d1bc4b3d8335aad2a53dc7897191d3.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    XHB,
    the high missed the median by 2 pennies.
    you go gurl. RSI sub 50.

    http://stockcharts.com/h-sc/ui?s=XHB&p=D&yr=0&mn=2&dy=0&id=p99655794990

  • Julie

    Yoda GDX T https://uploads.disquscdn.com/images/a56b84ee23ea89f0069a7966fe1013561a9ace843d826fcec822b8908e570964.png here it is Bro the leg down to the daily 55 ema Exactly ! JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Telecom was the only green yesterday, VZ
    I think even the strong are ready to puke?

    http://stockcharts.com/h-sc/ui?s=VZ&p=D&yr=1&mn=0&dy=0&id=p54294051989

  • Julie

    UNP too hit my target Thanks GG
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I can’t follow your trades, very numerous.
    you sure you are using your log?

    http://stockcharts.com/h-sc/ui?s=UNP&p=D&yr=0&mn=2&dy=0&id=p41897602985

  • Julie

    Yoda IMO Be careful on the bounce GDX watch 23.92 – 24.04
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    if daily silver can get another 20 cents higher into clear territory..

    EDIT: GDX will be more than a bounce, IMHO.

  • Julie

    Yes I only have 3 trades covered F
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yes, how is F? are you short or waiting for a low?

    http://stockcharts.com/h-sc/ui?s=F&p=D&yr=0&mn=9&dy=0&id=p27654738862

  • Mark Shinnick

    Damm nice BTFD justifications around here, historically. That was before the TY trendline break.
    In my view, the bull momo of late isn’t quite holding.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    TY trendline breaks can be back kissed, yes?

  • Yoda

    Thanks Julie

    Bought back some junior miners after seeing them reversing hard. Will add to position tomorrow if move is real. I’ll keep in my that 55 ema.

  • Julie

    GG I had a short probe then added Covered on the weekly with a bounce off the weekly upper cloud. However F still dumping No need to squeeze every drop
    JULIE

  • Mark Shinnick

    Why not…but its the fact itself that’s put all the generations living under it finally on notice.

  • BobbyLow

    Going with the flow and Long Oil via UCO and Long Gold via UGLD

    On sidelines with Oil Companies for now. . .

  • Mary

    adding more XIV

  • Mark Shinnick

    Yes, very high historically proven buy point….unless the game has finally changed.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Yoda

    Not overdoing it, but I want at least one foot on the ship now.

  • Julie

    GG I commented previous post several days ago INTC The breakout above 47 then a pullback to 47 resistance now support Yup Bro she is a happening Bro ! JULIE https://uploads.disquscdn.com/images/2b293b202d6e7da9bc7ad21ba8bc00661e9130e23bf7fffb25e02afb7c584a8d.png

  • ridingwaves

    130 is solid wall, tried earlier and got bushwhacked….seeing a trend change starting to take place on VIX.. some big opportunities coming for going L

  • Julie

    Mary XIV too volatile for the Cougar. Glad you have a handle on it. Good job!
    JULIE

  • ridingwaves

    one of my long term lens views has XIV hitting 80 in next 4 months…

  • Julie

    I hear ya Yoda !
    JULIE

  • Mary

    I don’t day trade – I swing trade. XIV has been very good to me.

  • StockTalker

    For now, see if it holds. Yes, I am bearish on this market

  • Mark Shinnick

    Its thread-the-needle moments like this I like so much.

  • Mary

    You could be right, but unless we have a YUGE gap problem I’ll be out way before that.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    thanks. the ema40 is overhead now. a line of DooM IMHO.
    unless, the printing press is turned back on (HYG).

    I’m not good enough to catch a falling knife, and hold it on a bounce. I’m always left holding the bag.

  • Yoda

    You mean the PPT?

  • Mark Shinnick

    The spreads and instant executions.

  • Julie

    RW TRXC I am foaming at the mouth https://uploads.disquscdn.com/images/3b2c56823b749c1f4989963579c469d8ac4e97d541ae504d4646261ac8f7e680.png A falling wedge Very strong resistance 2.02 A bullish close above 2.02 could be a moon shot JULIE

  • ridingwaves

    think XIV is fine to 130….so your free to roam….that will be inflection point per my view…but everyone has different view…I made some nice change also off XIV, good trading Mary..

  • BobbyLow

    There’s not too much that can beat the challenge of this business. 🙂

  • Mark Shinnick

    Right on; its pure honest warfare …at least between the retail participants.

  • ridingwaves

    gaps in biotech seem to play out to higher % than other sectors…be leery…..1.50 buy point better 🙂

  • Julie

    See it RW Good eye 1.50 will close the gap
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    meh, those outliers in Oct are messing with your tingles.

    10 cents to the downside, best chance.

    http://stockcharts.com/h-sc/ui?s=TRXC&p=D&yr=0&mn=6&dy=0&id=p90407969298

  • Yoda

    Too fast for my style

  • Julie

    Thanks GG
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    *someone’s* got to be the skeptic around here!

  • Yoda

    Still haven’t been shaken out of VXX, but boy what a ride it has been so far

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that’s it.

    close your Books!

  • HD

    Green close barely. No 3 red days still on the chart. Ran the stops on yesterday’s low before the best rally of the week. Still objective until 2834 close above. Jmho

  • Mark Shinnick

    Hopefully you get some front row seating from time to time….and the exit doors can be passed through with ease 🙂

  • Julie

    BID I think one more leg up to complete a wedge then a nice shortsky ! JULIE https://uploads.disquscdn.com/images/7b5eebf10b5851a7619dda94e5eecf554f6c03a31d32626643a660de2ea8edab.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    BTC may turn up overnight.

    but for this moment..Muwahaha
    http://stockcharts.com/h-sc/ui?s=%24NYXBT&p=D&yr=0&mn=6&dy=0&id=p78386941592

  • StockTalker

    -3 /YM avg 26158

  • Mark Shinnick

    Seems realistic…not really fine, but makes sense.

  • Julie

    Chief GG and Everyone Have A Great Day Must get my work done !
    JULIE

  • ridingwaves

    watching the hourly charts now on XIV as a change is under way, still could go up and test old high. 130 on hourly is important via my lens, my apologies on file size, quik snip and gotta go….
    https://uploads.disquscdn.com/images/3457df90fac03c57ce0fc0667c8bd0d73146ad54c48bd69628a4fa12a97c2b25.png

  • Julie

    XIV Oversold down to the 89 ema ; lower cloud boundary and gap support. However there could be one more leg down. In a post this morning I mentioned another leg down GDX to it’s 55 ema or a support. That did occur on the penny GDX at the 55 ema. Same thing may occur XIV https://uploads.disquscdn.com/images/a073cd9c78d2c269d42a96e7c03ba0a0a3e648ed0ddc2a95cde735d498d8dbed.png another leg down JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    A blonde goes into work one morning crying her eyes out. Her boss, concerned about his employee’s well being, asks sympathetically, “What’s the matter?” The blonde replies, “Early this morning I got a phone call saying that my mother had passed away.” “I m terribly sorry to hear that. Why don’t you go home for the day… we aren’t terribly busy. Just take the day off to relax and rest.”

    The blonde very calmly explains, “No, I d be better off here. I need to keep my mind off it and I have the best chance of doing that here.” The boss agrees and allows the blonde to work as usual. “If you need anything, just let me know,” he says. A few hours pass and the boss decides to check on the blonde. He looks out over his office and sees the blonde crying hysterically. He rushes out to her, and asks, “Are you going to be okay? Is there anything I can do to help?” “No,” re plies the blonde, “I just got a call from my sister, and she said that HER mom died too!”

  • Julie

    GG Rolling on the floor Will show this to everyone in the office. laughing so hard I am crying ! Thanks GG
    JULIE

  • https://evilspeculator.com Sir Mole III

    Come on – let’s make it 200!!

  • https://evilspeculator.com Sir Mole III

    I think my instincts were right this morning – short or long we would have gotten our asses kicked today.

  • https://evilspeculator.com Sir Mole III

    Atta girl!!

  • Mary

    I think you’re right. It doesn’t seem to want to go down after sever tries, so it looks like up for now.

  • http://www.captainboom.com/ captainboom

    My wife and I now spend about as much on food for two of us, as we used to spend on a house full of kids. We eat a bit better, but you are correct, big increase.

    I notice at the local hardware store that even the nuts and bolts have gone up significantly. Whereas I used to get a single something for under a dime, it’s often .12 to .24 now. Percentage wise, that’s a huge increase in the past year.

  • StockTalker

    Long now /YM26k

  • https://evilspeculator.com Sir Mole III