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Get Out Of Dodge

Get Out Of Dodge

by The MoleDecember 2, 2010

A friendly reader reminded me to check the ISEE last night – and boy was I in for a surprise. Listen folks – they will play their game during the X-Mas season and make sure that all those December index puts will expire worthless. But be this as it may – it’s time to get out of dodge.

Why? Look at this juicy chart:

Quite frankly folks – it doesn’t get much sweeter than this. As I said in the teaser – they will probably keep equities on crotches until after OPX, but I expect some serious fireworks once the bus is completely empty. A 327 reading is simply ridiculous – especially if it follows on the footsteps of a 113 reading. Also worth noting is that both were way way outside the 2.0 Bollinger.

In case you are a noob and don’t know what the ISEE is point your browser here.

Bottom Line:

We all know December is paint the tape month – so I don’t expect an instant response here. Be this as it may, my point stands. Get out of dodge as soon as possible – equities are a train wreck waiting to happen.

Wait a minute – what did I just board to get out of dodge… crap!



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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