Now Reading
Embrace The Pain
326

Embrace The Pain

Embrace The Pain

by The MoleSeptember 16, 2009

The ole’ buck keeps getting it up the rectum – I gave up on the diagonal as the third wave now started to stretch out longer than the first one. It was academic anyway – there’s not much difference in terms of the wave count:

The regular count still has us completing Minor 5 of (C) – and we’re now in my 76 target zone, which offers support going back to September 2008 (yes, it’s been one year). If 76 does not hold things could get ugly in a hurry as I don’t see any type of support until 72. Get ready to plunk down $4/gallon at the pump again…

We’ve also reached my preliminary 1060 target on the SPX. There is a count that sees us completing here but I frankly merely give it a 30% chance – most likely we’ll push into 1080 before the pain stops. And yes, I just bulked up on more puts – October this time.

Sign up here to receive my FREE early morning briefing:

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
PayPal: https://paypal.me/evilspeculator