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Lock & Reload

Lock & Reload

by The MoleMay 21, 2009

12:14pm EDT: We’re painting what looks like a 4th to me right now. I just reloaded a little – and will again as long as we push higher in the ‘reload zone’ marked below:

Target is the 872 mark at which I would probably cash out 1/2 of my positions.

12:36pm EDT: I’m not sure if you guys looked at the TNX today in all the excitement:

They literally have EVERYTHING MUST GO! signs plastered over on Wall Street today. 10-year yields are touching 3.3% while equities are tanking. Once again bond traders are calling Curly’s bluff – so what’s left? Start running those Heidelberg printers? Then we’re all screwed of course and you can kiss the ole’ buck goodbye.

UPDATE 1:49pm EDT: Careful now – we might be painting a double bottom here. Zero subscribers – take a look at what I just drew on the chart.

I just took nice profits on the 2nd round of puts I bought a bit over an hour ago and will wait for a larger consolidation should we (hopefully) get one.

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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