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Four Digits On The Horizon

Four Digits On The Horizon

Four Digits On The Horizon

by The MoleJuly 26, 2009

As you can imagine I was not pleased when I checked my account Friday evening. The bears are way beyond capitulation but the worst short squeeze rally in trading history appears to continue to the upside unabated. What’s regrettable is that geronimo could have kept me out of a lot of losses if fucking AT&T would bother to deliver SMS messages between Los Angeles and San Diego. The joys of living in the way-over-the-hill state called California.

The wave pattern at this point looks incomplete so expect another push to the upside fed by panic selling tomorrow morning. This is not going to stop until the last bear has been taken out.

Quite frankly, I didn’t miss the market the tiniest bit over the weekend – this is not fun anymore as program trading rules the day and I feel silly posting charts. So, more of the same tomorrow – the futures are already pushing pushing up hard – the 1000 mark is at the bull’s beck and call.

Maybe I should have stayed in San Diego for another week  – I’m actually considering taking a whole week off or so and waiting things out until the end of Primary {2} is in sight. And I’m not going to touch equities until that happens – plus FX is a lot more fun right now (and actually profitable).

Many thanks for Fujisan for holding the fort on Friday.



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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