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Everyone Gets It Today

Everyone Gets It Today

by The MoleSeptember 30, 2009

The tape turns on a dime today – much to the chagrin of anyone who’s either bearish, bullish, or not a primary dealer. Oh, sorry – you didn’t get the memo at 2:46pm EDT?

That’s right – everyone gets it today.

3:20pm EDT: And now get read for the obligatory bounce back. VWAP reversion at its finest.

Oh, I sound a bit cynical today? Whatever do you mean?

3:33pm EDT: Here come the marines – just in time for the 3:30pm ramp up.

3:50pm EDT: No EOD wrap up today – need to catch up on some chores. Program trading update: All strategies took it up the ass – even geronimo had an early morning stop out. Another day like this and I’ll need a vacation again.

3:55pm EDT: I hate to be right on the snapback – sorry rats – but the script is so blatantly obvious these days.

4:07pm EDT: Someone asked for an updated BAA-TYX chart:

Not looking so hot IMNSHO – BAA keeps dropping and the only consolation for the bears is that the TYX is dropping along, thus keeping it from breaching the 2% mark.

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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