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How Low Can She Go?
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How Low Can She Go?

by The MoleJanuary 20, 2016

I’m slowly getting into the swing of things here. The new live campaign uploader is now updating the small icons properly which is super helpful. I am now working on blocking subs only campaigns from you leeches and that’ll probably take me a day or two. As they say here in Spain – poco a poco.

2016-01-20_spoos_ST

Short term the spoos are pushing back a little and I think 1850 is a price cluster to watch as I’m seeing a stack of hourly Net-Lines just below it. If we breach all that then maybe – just maybe we may be ready for a reversal. It would be permissible to grab a long there with a stop below recent lows, right now that’s near 1830.

2016-01-20_spoos_LT

More long term we’re still without much context – nothing really on the daily until 1800 which is my first medium term target. That means we either go there soon or we bounce a little and then proceed lower. Same difference but different implications for us of course.

2016-01-20_volatility

The volatility profile suggests that we are not done yet and that big swings are ahead of us. If you compare the signal signature we got last August with where we are now then you see that we are now pushing into a high volatility area. How high it’ll go cannot be predicted. But it does suggest that whatever comes AFTER we start dropping volatility will be ugly and probably full of fake outs and retracements (up and down).

2016-01-20_silver

Silver is looking interesting this morning and I’m waiting for a little drop here to snag a long position near 14.05.

More below the fold for my intrepid subs:

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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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