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MMMR Alert
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MMMR Alert

by The MoleNovember 9, 2011

You guys probably recall that mysterious Market Maker Mind Reader I introduced a week ago:

Well, it’s now telling us to take profits on our short positions. And actually it told us to be short yesterday – should have added that to my pile of evidence I presented in yesterday’s post.

Anyway, Mr. VIX is near the 2.0 BB line – not a bonafide VIX buy signal (relative to equities) but good enough for ‘govumint work’ as they say πŸ˜‰

Now, that does not mean there is no further downside on the horizon on a medium basis. But a forward thinking trader would probably call it a day after a 50 handle drop in the spoos.

You have been briefed – and consider this my good deed (a.k.a. freebie) for this week.

Cheers,

Mole


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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