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I Smell A Trap
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I Smell A Trap

by The MoleApril 13, 2018

Clearly I shouldn’t be the one complaining as equities have been sticking to my script so far. Unfortunately for you however I a) love to complain and b) am seeing irregularities that suggest we may be looking at a bounce produced by distribution.

Or maybe I’m just being paranoid. And if you got a problem with that I refer you to the late Andy Grove.

Great entry obviously and my stop has now advanced to break even. Technically speaking we are now looking at two major hurdles here.

The first one is obviously the top of the current range and the second is the ES 2700 mark which also happens to be where the 100-day SMA still manages to point upward.

Those same levels are mirrored by our E-Mini volume profile chart, so I think we have high quality technical evidence here.

What does not chime with me to the slightest however is the UVOL/DVOL ratio which has been lagging the current advance. As you can see in the past two sessions DVOL has been outrunning UVOL. Not good… not good at all….

Plus SPX:VIX continues to lag the SPX and that’s not good either.

Now I’m positioned well for next week which is supposed to be the most bullish week of the year statistically speaking. My stop is at break/even and if we drop today then I’ll expect to get out clean.

But the discrepancies highlighted above compel me to NOT add additional long exposure at this point. Perhaps next week when I see a bit more order in my charting universe.

I didn’t take that entry on Bitcoin shown above (I missed it) but thought it would be educational to feature it today. That exhaustion spike recovered pretty quickly and once it managed to push > a three candle high (i.e. a Net-Line Buy Level or NLBL) chances of continuation were high.

It’s basically one of those situations where the bears are salivating at getting a chance to trade the reversal but are quickly steamrolled by buying pressure.

Now if you’re a HODLer and the above went straight over your head then this may make more sense to you:

Alright, some crucial perspectives on precious metals below the fold:

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That’s it for this week – see you guys on Monday!


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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  • BKXtoZERO

    Trying it again, TVIX 8.84, 1R

  • Brishort

    Hello, Mole, great insight again. My indicators (much more short term than yours) just went long on Gold, so I am long that one.

    Question: There is an actual inversion between your UVOL/DVOL readings (from your TOS I think) and the ones reported on Stockcharts. Any idea why? As I follow this one closely, the discrepancy is troubling for the reliability of what Stockcharts is saying.

    Could you check which one you believe is right? or am I having a brain lapse (also a fair possibility!)

    (beware down is green on my image, up is brown, the exact opposite of yours, legend is there to clarity. You wouldn’t want me to make this too easy for you and not a little confusing would you?)

    https://uploads.disquscdn.com/images/6a71bcd22b9d7b6985a7c21c7024d08f726232a9f20fd8160681ff7ca7f8d6b0.png

    http://schrts.co/WUjMVS

  • Mark Shinnick

    I’m in btfd mode.

  • BKXtoZERO

    Here is my chart, I like the tag on the downtrendline of the DOW, and I like this as throwover on the ES. Also, thanks for the trap idea Mole. We will see how many bulls want to hold over the weekend. https://uploads.disquscdn.com/images/21ba56b9eba05fb09e4a33809494f1298f03f8161b515ccb0ffe5729504d797f.jpg

  • BobbyLow

    HODL

    From Urban Dictionary: “Hold On for Dear Life”. It reinforces the financial concept that you don’t sell in a Bear Market. You ride it until the bitter end, or the price comes back up. . .”

    I guess HODL’ers never want to sell and buy it back at a lower price. HODL’ers who bought at $10K, $12K and $14K must be really devoted or . . .

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I found a better avatar for you.
    (who are those 3 blurry people?)

    HODL IT!

    https://steemitimages.com/DQmdcxUxV3DFt8DgPcaeGfzXw2Ecnm4iYqJbRM6nYke9N9o/maxresdefault.jpg

  • BobbyLow

    LOL

    Don’t know what the price was in 2013 but he’s probably in great shape now. I can understand how HOLD’lers putting a small portion of a portfolio (as an investor not a trader) in something like this might make sense.

    So what does HODL actually mean?

  • Mark Shinnick

    …not quite yet a buyer.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Hold On to Divorced Lesbians.

    (not that there’s anything wrong with that)
    πŸ˜‰

  • ridingwaves

    Bitcoin will rise to $250,000 by 2022, says Tim Draper

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yeah, by then we will all be talking in MicroBits.

    It shouldn’t be that hard to divy it up.

  • Ian Naugler

    I was in St Bart’s with my Brother and ran into Hugh Hendry completely randomly at a restaurant….no one else in our group knew who he was. We ended up asking for a picture and ended up talking with him for awhile, definitely a nice guy!

  • ridingwaves

    he was investor in startup company I worked with, he made some great coin on the sale….I did too but he is reaching here….the guy is absolutely loaded with cash…..so hard to read what he is saying here…actually they were predominant VC in the valley for a while

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..would you go again? How were the accommodations?

    https://www.youtube.com/watch?v=cmLFCfNrHlo

  • Darkthirty

    Providing you can convert them……………..

  • BobbyLow

    Weimar type Inflation could do it but I pray something like this doesn’t happen.

  • ridingwaves

    Fed’s Bullard says he does not see need for more rate hikes

    these clowns…that’s why folks better own some gold…..the system is going to blow up with these mad scientists roaming around on Dr Bernanke Island….

  • Mark Shinnick

    On this looks to me tvix isn’t leading new fear where it shines its best, but is aged with disappointing get up’s.

  • ridingwaves

    he is selling his wares…..a billionaire whale smoking some good humboldt…..

  • BobbyLow

    LOL

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    That’s the thing…with the better of them admitting they have zero roadmap.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick
  • Mark Shinnick

    Ok, some buying now..

  • Ronebadger

    Yeah, own gold…agreed. BUT, the feds/govt might just then outlaw gold and make us use whatever they tell us is acceptable.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Brishort

    LOL!!! always the best “worth a thousand words” images!!!!
    This one must have taken a bit of time to find…. clearly not common. I suspect homemade πŸ˜‰

  • BKXtoZERO

    yes slow response now

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yep. it’s Friday, don’t have a boss over my shoulder.
    πŸ˜‰

  • Mark Shinnick

    Exactly the Why for the Second Amendment.

  • ridingwaves

    that’s fine, I have some hiding out at a couple different relatives.. and they don’t know its there…..

  • Mark Shinnick

    No news to you; the damm thing is great at the end of more extended bullishness as if to forecast bearish index action.

  • HD

    no stops go untouched

  • BobbyLow

    A few months ago I posted about seeing major car dealerships advertising “If you have a job and $149 you can buy a new car!”

    On a personal note, I just went against something I wasn’t ever going to do again and bought a new car myself. The price was right so I made the deal. I didn’t owe any money on my trade and was joking with the car salesman about people being upside down on their trades. He said some of them were unbelievable that owed something like $22,000 on a car that was worth $12,000 on a trade etc. These car owners can’t even burn the car to get out from under that debt.

    And a lot of the banking regulations put in place after the last financial disaster have been removed so it’s the same shit different day. We as taxpayers better get ready to drop our pants for the next banking bailout.

  • BKXtoZERO

    Make sure someone knows….. I see stories all the time where people die and their stash is found by someone else remodeling the house. I think many of us here are older so have a plan.

  • Ronebadger

    Is this THE example of “Bearish Engulfing?

    http://stockcharts.com/h-sc/ui?s=xlf

  • ridingwaves

    the world is a turd in the toilet bowl swirling in debt…230 trillion I think is last count…..the piper will come…..but when….

    You know I’m close to that industry, I helped launch a 5 line quick finance app with credit filters behind it back in 04 for pre-approvals.. I got to see credit from everywhere in the country, the credit implosion in 09-10 was colossal but bankers are smart and re-algo’d fica scores to allow the credit criminals back into the debt system….

    I’m tired of debt….I don’t sleep with it….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    ….funny ….we here seem to have al lot of quirky similarities.

  • ridingwaves

    my daughter does….

  • ridingwaves

    I’m actually looking at Silver Wheaton down here…..and a couple other junior miners….I’m getting a weird signal feeling that commodities are lagging CPI…

  • Mark Shinnick

    see your point.

  • Mark Shinnick

    Pot pics?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Does that suggest no particular problem?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it suggests a pause after 4 days.

  • Mark Shinnick

    makes perfect sense.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that’s what *worries me*

  • ridingwaves
  • Mark Shinnick

    Well…something really does seem locked and loaded right now. Lets ask ourselves what would be most surprising. We’ve all had 3 months of bear conditioning to our recency bias.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    well, it’s been 16 trading days of essentially nowhere.
    whatever happens, it’s going to be note worthy.

    possibly a headfake move out of the cluster?

  • BobbyLow

    Just want to pass on something that might make it easier for us “Po Boys” to trade Mini Futures on Commodities like Wheat. The jury is still out as to whether or not this “Mini” can be a suitable horse for me in the long run but in any event I believe that charting and making trading decisions based on the full Future /ZW while actually trading the Mini /XW will allow for more accurate entries and exits. This is because the tiny volume on the Mini /XW causes delays on catching up to the big brother /ZW. I still run my stops off of the Mini /XW because stops go off at Mark Price. I got burned the last time by not realizing this difference the last time I attempted to trade the Mini’s. For those who might ever be interested in trading these things, the difference in Risk per tick is one Tick on /ZW is $.25 which is equal to $12.50 and one Tick on /XW is .125 which is equal to $1.25. So this is a 5 :1 Ratio in R Level Per Contract.

    The mini’s come with a few blemishes but allow traders with less capital to sleep soundly at night while using wide stops.

  • ridingwaves

    WEAT is almost to my buy bid…..

  • Mark Shinnick

    My impression is of the age-old “slip the knife in slowly before the majority realises it” game. HY …its supportive of still-more market Zombieism….the Great Delusion continues against all common sence :/

  • ridingwaves

    INDU actually closed a gap today and a falling 50sma is overhead….

  • mSquare

    It is the top of ‘Selling on Strength’ list at
    http://www.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

    This indicator tot always significant, but often useful to look further…

  • ridingwaves

    first 1/4 R is now in the kitty…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yes, I said something about overhead lines, a while back..

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    How’s my crew? What did I miss? πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Thanks for sharing your experiences. I’ll be sure to mention the XW contract next time I see an entry on wheat.

  • https://evilspeculator.com Sir Mole III

    Fucking idiots really want the Dollar to crash and burn. Bad plan as confidence in the USD is already low and there will be implications those idiots aren’t foreseeing – e.g. loss of international reserve currency status.

    Whatever, I’m mentally checked out at this point. Perhaps I should just rent a place in the middle of nowhere and live off the land.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    Cool. I understand we have different time frames and objectives.

    I just covered my Short for +.75 R because it’s Friday and because I wanted to draw first blood. πŸ™‚ This thing has wierd trading hours and I’m not sure positions won’t get tightened up before the 2:20 PM close.

  • https://evilspeculator.com Sir Mole III

    Featured. I didn’t even fucking know that it was based on that forum thread. Awesome find – thanks mate.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that dollar is really locked in to a range like 2014.

    http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=5&mn=0&dy=0&id=p27549798488

  • ridingwaves

    its’s all good BL, good trade, I was hoping your short would play out as I wanted to go long down lower anyways…. sure the continous contract blows but using it for site, what I see is the the first attempt at finally going higher and trend, RSI and PMO are in favor of that move…. ….https://uploads.disquscdn.com/images/ba03763c3f46194e029fafece818b011499648fd39c6f08a671092a9ad53efcd.png

  • randomuser6789

    RW, are you still in VHC? Do you still have confidence in that trade. Follow through never happened.

  • ridingwaves

    Costa Rica my friend….all the online casino companies work out of there because of good bandwidth….The damn Ocelot came out of the forest after my wife peed on this trail….mums the word on that last sentence…. https://uploads.disquscdn.com/images/b0c825b34d4470ef28363b2bb1ab5bd6966794c928a510e7b3e19fa0e0356081.jpg https://uploads.disquscdn.com/images/51b0de480f003d01f3da6320c9cbe85ca74d3d5defbf2fd23e37b49e03df1ce0.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Whew. On a different tangent tac, we know, scientifically, there are things in this world that have very precise causes of harm to everyone else…but we tend to do nothing effective about.

  • Trouzzer_Snake

    I’ve tried trading minis before, my word of caution (which you already mentioned) was stops getting run. I was trading the Gold mini and my stop would get hit way down below actual spot price or the /GC contract. If volatility goes up all rules go out the window.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Strange that we drive to the Airport, get searched, just to be ‘safe’ from terrorists. but look at the stats!

    https://knowledgeproblem.files.wordpress.com/2011/09/bdeqh.jpg

  • ridingwaves

    no confidence but I think this was to be expected, was stopped out at 4.20 level….Blackrock and the rest of big holders most likely had a lot of Puts to cover decision either way (20 million shares short) Until they work it down, they are going to chew up any longs by the looks of it… it was a perfect setup for shorts on the news, sold right into the volume, I think its a great buy here….need more volume
    https://uploads.disquscdn.com/images/ab916fce9a08c99337aad295782dd652bde92985e2b2b4da1e217b2c3331a2cf.png

  • BobbyLow

    I hope your Long works out too.

    WEAT would have worked for me on the long side but because I’m shorter term I also wanted the option to go short. I was concerned that because there’s not a lot of volume that shares might not be available to borrow when I needed them. This is what prompted me to try /XW again and thanks again for the idea! πŸ™‚

  • Julie

    Hi BL Syria is definitely influencing crude as you alluded to yesterday
    JULIE

  • BobbyLow

    Thanks. I’ve had the same experience with the Gold Mini. I’m still working on a pretty long and extensive back test on Wheat and having wide stops that fit within my system should take care of a lot of the stop runs. But we’ll see what happens. The biggest difference with the minis is that if they whack me the wound is relatively minor. πŸ™‚

  • Julie

    Previous thread (yesterday) I posted to watch the $BKX (banking index) $BKX a failure at it’s 55 ema JULIE https://uploads.disquscdn.com/images/726a3f33d9f58e9394c762cfaf9c9986d82da25d05f86a1bb4f9298ab1f039fd.png

  • BobbyLow

    Your welcome! πŸ™‚

    BTW, I haven’t crunched any numbers on these but the Mini Futures /XC for Corn and /XK for Soybeans might also work for those with limited capital.

  • Mark Shinnick

    Reason….gotta love it πŸ™‚

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    RW Have you been watching EXAS (A dumb question I know you have ) the bounce off it’s 377 ema. Yesterday’s chart shown JULIE https://uploads.disquscdn.com/images/c7e99da760e1aa19646e3a8f68638bd46fba887f4ada1f32297c34dbbe616429.png

  • BobbyLow

    This threat is probably going to be with us for awhile Julie. I’m still holding a 1/2 Long Position and from this point forward it’s probably dammed if you do and dammed if you don’t. If a coalition does lob a few missles into Syria you’re liable to see crude jump up a 3 or 4 dollars per barrell on a kneejerk reaction. OTOH if they decide to do nothing, it’ll probably drift down 3 or 4 dollars over a couple of weeks. We’ll see how this all plays out.

  • BKXtoZERO

    to ZERO! (below cloud boundary)

  • BKXtoZERO

    stopped out of half VIX…. got to work to find they are hammering VIX.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Thanks BL I am on the sidelines with USO
    JULIE

  • ridingwaves

    73-75 candle cluster from late November 2014 is where I believe the destination lies..still holding 1/2 UWT since 12….selling the rest there or on trailing stop that will be pretty tight over 70….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    dam, that’s a far way to the left.
    let me check my weekling {shuffle shuffle}

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    75 I will be gone….

  • Mark Shinnick

    Its great….but houseguests shouldn’t stay too long.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    good eye, that’s a steep drop, I overlook those.

  • Julie

    I know BKXtoZero I nailed BAC short as soon as I got to work this a.m. Market opens at 7:30 MDT and start work at 8. Almost everyone where I work trades even the supervisors … It’s too much love the job … Home office is in Boston far from Bozeman MT but we get our work done. The last time upper management from Boston was here …. accolades and raises for everyone in Bozeman. It’s too much Lol !
    JULIE

  • ridingwaves

    I added at 42 long…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..could I convince you into a lottery ticket for 95?
    πŸ˜‰

    edit: we’re talking missiles flying over Syria, with possibly direct AmericanRussian conflict.

    https://uploads.disquscdn.com/images/1c7eb335fe1a09b8993cc497f1f8fbc44e35b0bd3dd3ee503381caa2950162dc.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I have a coworker running the Marathon Monday.
    take the day off gurl!

  • Julie

    ABMD Showing relative strength and h https://uploads.disquscdn.com/images/599358c066adbbe9f190c25e8334c4e64eb5a171bbc1fdaa336d29586381ff22.png olding it’s daily 5 ema (consolidation) JULIE

  • ridingwaves

    no…should pause there I can rethink at that time

  • Julie

    Hey Guys it’s Friday which are usually neutral to positive YUP today SPX a bounce off the daily 5 ema. Too much ! JULIE https://uploads.disquscdn.com/images/ac106cfd359cbc932df7cb419236af699a415481b198c5cf262be2548e4e965c.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Looks like some local vol support but right at a good crush point too, so expecting some mixmaster.

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    your ribbon of MA’s has flipped over.

    https://www.investopedia.com/terms/m/movingaverageribbon.asp

  • BKXtoZERO

    you know how the boss feels about charting leverages ETFs….. VIX is the chart

  • http://www.captainboom.com/ captainboom

    I pulled some data from the National Safety Council a while back. Can’t get it for free anymore, unfortunately. In 2006, a person was five times more likely to die from a legal execution, than from a fireworks discharge.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    anything under 29 is death.
    26.5 looks good, that’s when the fast move occurred.
    RSI < 30, here we come.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    WFC will take the real heat IMHO, bad publicity.

    http://stockcharts.com/h-sc/ui?s=WFC&p=D&yr=1&mn=6&dy=0&id=p15685533411

  • Julie

    GG BAC the 5 – 21 and 55 ema’s are in a bearish alignment with the 21 and 55 declining JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok, it’s aligned.
    I think the trick is to find the trigger line. “when!?”

  • Julie

    Warren Buffett is heavy into WFC. Couldn’t happen to a nicer guy !
    JULIE

  • Mark Shinnick

    Its no ordinary etn… which one ever is?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    87. he’s gonna croak soon. bloody vampire.

    😯

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok ok. You’re right

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    I bet Warren O’Roarked when WFC started having problems …. phony accounts etc …
    JULIE

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    maybe. Do you think it interrupted his dinner with the Gates? I think not.

    Here is a person who has succeeded over 50 years, just as an amateur did in the roaring 90’s. I’m not impressed. Somebody impress me!! Compounding interest is easy, Buffet didn’t do much, but hold hold hold, yes?

    http://www.macrotrends.net/2324/sp-500-historical-chart-data

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    A TOAST:

    “Here’s to EvilSpeculator.com” may it ever last in our Hearts and Digital Dreams.

    BTW.
    Be Afraid…Be Very Afraid..

    https://uploads.disquscdn.com/images/3c40aee4868ce4e33845e7a671d72312ddfee9562d51b03df3acf710da4dfed7.png
    -GG

  • Julie

    Yeah GG Warren was a value player and held. Not sure what he did during a Bear probably just held and crossed his fingers
    JULIE

  • ridingwaves

    I just jumped back in with 1/2 R…. at 3.65

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    well, value players usually cash accumulate. Until the value plays are incredibly attractive, impossible to refute.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Just watch Monday ….. Headlines across the world (anything to preclude a selloff)

    SAUDI PRINCESS GIVES BIRTH TO TRIPLETS …. WORLD REJOICES !
    DOW CLIMBS 3,000 PTS

    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    how about?

    Meghan Markle pregnant with Saudi Prince, Harry calls off the wedding!

  • Mark Shinnick

    Chart-wise its a important volatility support in here.

  • Julie

    GG….then DOW DUMPS 3,000 PTS … FTSE DUMPS 50% LOL !
    JULIE

  • BKXtoZERO

    not

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    my bull friend, would actually encourage that.
    Dumps are healthy from a gastronomical sense.
    πŸ˜‰

    https://uploads.disquscdn.com/images/abad669514c02d8bd0cafcd6ea424472a3c1d151c657b02068ec86b374373d72.png

  • ridingwaves

    TGIF…..maybe Trump is getting ready to fire someone….thus the dump

  • Julie

    Anyone remember this campaign slogan the democrats used ? Mud slinging at it’s best. My parents saved it JULIE https://uploads.disquscdn.com/images/083d9f079a0dea7bfa85bb7adc86b9976a850d92810e2d43dbfc51322c026d77.jpg

    NIXON”S THE ONE

  • Richard Adler

    Do you have link? Toast to mole and gang

  • HD
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    No.
    but I do think some people should review what an atomic bomb can REALLY do.

    https://www.youtube.com/watch?v=dDTBnsqxZ3k

  • Darkthirty

    Sounds like bulldump

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    clever.
    fertilizer makes things green.

  • Darkthirty

    2640 target for symmetry

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie
  • Darkthirty

    Transplanting tobacco right now

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Cool!

  • Julie

    Be careful Guys on a short SPX Looks like it will hold it’s daily 5 ema and selling volume today is light Just saying JULIE https://uploads.disquscdn.com/images/b1cca6f403a85cf5ed8d9c60bf3857b6c6ec809de0ae5910526c011cdf8acd52.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    short over the weekend? are you blonde?
    =P

  • BobbyLow

    Tricky Dicky. I remember him well. I actually voted for him in 1972. This is one of my few regrets.

  • Julie

    SPY not SPX
    JULIE

  • Julie

    Yes ! Montana Native Americans call me “Yellow Hair” One of our neighbors is Crow Indian Wonderful people and they call me Yellow Hair All in fun !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I saw him on the (busy) street corner in 1972.
    what a way to freak out a school kid!!! (me)

    https://pix-media.priceonomics-media.com/blog/828/ScreenShot2014-10-08at1.49.48PM.png

  • HD

    very interesting. Hadn’t considered that

  • Mark Shinnick

    Certain concepts need to be emphasized in all schools so people can think with the real-world examples of life’s battle line between hate and love. Ad hominem is one of those thankfully few easily-understood and workable principles separating those representing legitimacy and those who don’t. Thinking clearly makes for better living…and better trading πŸ™‚

  • BKXtoZERO

    out 100%. small ding on TVIX 8.8 to 8.7.

  • BobbyLow

    Yep. He was like Captain Queeg at the end of his Presidency.

    https://www.youtube.com/watch?v=ZlV3oQ3pLA0

  • HD
  • Mark Shinnick

    Good stuff there.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Darkthirty

    Well, I guess you aren’t AD, HD

  • BobbyLow

    You remind me of a philosophy professor from college. πŸ™‚

  • HD

    in this market it feels lucky. Very dangerous still.

  • Julie

    Taking 1/2 off BAC short. Will add below a lower channel trend line break and below today’s low (29.56) JULIE https://uploads.disquscdn.com/images/94e3a21f91b34a275bd16ee90c573d6d0147b4fc97423bc12bdc9b4273fcbd2b.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I don’t know what a FIBWap is.
    but I’ll +1

    HWB..ha!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • HD

    ha…

  • Julie

    GG I prefer cranberry juice
    JULIE

  • Julie

    Hey ! Everyone Have A Great Weekend ! Back to work
    JULIE

  • HD

    really? I have shown it several times now. I’m getting superstitious.

  • HD

    always big jugs in Octoberfest

  • Yoda

    you too Julie.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I wonder who washes them. It must take a lot of soapy water.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    standard Focal process, I don’t see the big problem.
    πŸ˜‰

  • Yoda

    I am not much of a religious person, but I pray that the only thing we’ll have to worry over the w-e is to get stopped on our trades.

  • Julie
  • Darkthirty

    May you live in interesting times………………………………

  • Darkthirty

    I’m betting he swings the other way………..

  • BobbyLow

    Me neither. But I feel the same way as you do.

    I’m only carrying a 1/2 Long Position in Oil and whatever happens, happens.

  • BobbyLow

    He can’t make market calls for shit either. πŸ™‚

  • Yoda
  • Yoda

    Exactly. See you Monday…God’s willing

  • ridingwaves

    Master Yoda,
    Keep close to Nature’s heart… and break clear away, once in awhile, and climb a mountain or spend a week in the woods. Wash your spirit clean, even if you have no spirit to clean, your soul will welcome the refresh…..Signed Chewbacca….

  • Julie

    To heck with work ! Everyone is leaving early and so is “Yellow Hair” This blog is great ! Thanks Everyone and again Everyone Have a Great Weekend
    JULIE (Yellow Hair)

  • Yoda

    Sounds like a plan.

  • https://evilspeculator.com Sir Mole III

    I was having dinner – and it’s Friday night here πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Fabio – his name is Fabio.

  • Darkthirty

    Engage or die! Meh, we’re all gonna die anyway…………………

  • Darkthirty

    GG, this gay….FIFY

  • Darkthirty

    Works … til it doesn’t. Ha one with Fibs / Negative volume index that projected turns to 3 pts, was hot for 2 weeks, doesn’t work anymore

  • Mark Shinnick

    Yeah…me too, way too much didn’t get properly absorbed back then….cost me big time.

  • Darkthirty

    EDTs can be a bitch, 2645 might have been your E. Still have gaps to fill at 2700-2750-2850

  • ridingwaves

    definitely now….Monday will not be healthy….

  • ridingwaves

    You either draw a line in the sand or you accept that you need to keep taking a step backwards as the line moves towards you. History tells us that taking a step backwards now means a lot more pain later.

    Kennedy took an enormous risk with his response during the Cuban missile crisis, it could have gone either way but imagine how things would be if he had bent to pressure.

    There are several nations that keep telling us by their violent and criminal behavior that they do not want to be part of the civilized world, they now require firm persuasion.

  • https://evilspeculator.com Sir Mole III

    You got to stop believing the news Yoda. And even the threat is real – I won’t be losing any sleep over it. Because if it happens there’s nothing we can do about it anyway.

  • Trouzzer_Snake

    I was looking at the SPX and noticed what looks like a pretty well developed Inverted Cup w/ Handle forming… From when I’ve seen these before I remember them being powerful movers when completed… Any thoughts? https://uploads.disquscdn.com/images/41adbd6148f22ccfe9f6a2fd3417ffe9aedde80d65d2dc2d1df2d25e7dd60287.png

    Here’s from Bulkowski’s site – http://thepatternsite.com/icup.html

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    some backing, some gap filling, it’s all good.
    “Mission Accomplished.”
    BTFD, we now return to our previously scheduled program.

    https://uploads.disquscdn.com/images/3f5cb4f1b0ee15da5620c58e022db6399073d28b4fa162dde52dc1d48fafc84a.png

  • Julie

    Hi GG I saw a chart of someone indexing the FANG stocks. Very interesting as it is going up into the confluence of the 20 and 50 sma’s. Amazing how it channeled from February 2016. A break of the lower channel trend line may be the canary in the coal mine. Unable to show the chart as there was a copyright infringement notice placed on the chart
    JULIE

  • Julie

    Good eye TS
    JULIE

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ha ha.
    You’re a RIOT
    {smirk}

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    chart tease!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb