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Intra-Day Update: Roller Coaster Galore
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Intra-Day Update: Roller Coaster Galore

by The MoleDecember 3, 2008

UPDATE 3:08pm EST: We needed clean cups – page was getting unruly.

Now, fortunately we sometimes attract somewhat intelligent leeches. Anon pointed out that today’s tape was painting lower highs and lower lows on the 1hr zero. I have not used it that way, but it is pretty interesting. Could this be supportive of an good ole’ fashioned bear flag? Any thoughts on the subject? Only the smart leeches please… 😉

UPDATE 3:38pm EST: Note that we are back at the 860 short RL – if we breach that we might get a rally into the close.

UPDATE 3:58pm EST: Everyone – it seems that disqus is broken again. Not under my control – hope it’ll get fixed soon. Anyway, what a day! Whipsaw Central would be an understatement. The smartest thing I did today was to stay out.

UPDATE 5:25pm EST: Just wanted to let you guys know that there won’t be a market wrap-up posting tonight. Berk and I are exhausted and need a day off during the week. Nothing much has changed since yesterday’s update – strangely the tape keeps moving along the path I outlined on Sunday. See you guys tomorrow morning.

Cheers!

Michael


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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