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Even Less Ado About Nothing
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Even Less Ado About Nothing

Even Less Ado About Nothing

by The MoleJune 9, 2009

11:24am EDT: As I expected last night – we are still inside that dreaded new triangle formation:

Mind you – it might not be counted as such – but for now we continue to coil up. Once there is a release in one direction or the other we will finally have confirmation of the medium term trend. In the meantime it’s swingtraderbalooza – bring your own party gown.

11:51am EDT: Another way of looking at the past six weeks of brain aneurysm inducing tape:

We basically jumped from one sideways range into another one – 880/930 gave way to 925/950.

BTW – my favorite news of the day:

JPMorgan, Morgan Stanley Among 10 Banks to Repay TARP Funds, Cut Oversight

Translation: So Long, And Thanks For All The Fish!

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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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