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Get ready…

Get ready…

by The MoleSeptember 15, 2008

Just cleaning the slate here. I actually managed to sleep all the way through, which is surprising. Anyway, keep on your toes today. The markets and the Dollar seem to pull back a little and Gold, Crude, are dropping. I’m keeping a close eye on the Yen (@6JZ8) as this seems to be the best market indicator today (remember, it’s inversely correlated).

DON’T JUMP IN RIGHT AWAY. If the market manages to stabilize I expect a rally before a big drop. ONLY BUY ON RIPS, otherwise the market makers will have you for lunch today. Keep it together and don’t get emotional – this is OUR day.

UPDATE @ 9:49am: As expected the market makers are having their fun today as the indexes are all pushing up hard now right after gapping below at the open. I can’t make this clear enough: Wait to sell the rip!

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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