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Monday Quicky
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Monday Quicky

Monday Quicky

by The MoleApril 27, 2009

I feel generous tonight – so let’s throw out a few charts real quick:

We seem to be on track with the Blue scenario which would put us at the onset of Minute {c} of Minor 4 of Intermediate (B) of Primary wave {2}. Our target remains the 795 – 800 region. There are several justifications for this target which I won’t repeat here again – please see my comprehensive Sunday update.

However, there is still the possibility of Orange playing out, which assumes that we are Minute {iii} of Minor 5 of Intermediate (A). Our target would be the 881-885 region or the 900 mark.

I gotten a lot of hazing about Gold in the past few days. Some troll even ridiculed me for not sticking with my line in the sand – which after consideration I had pushed towards 920 (for obvious reasons). Jeeez – it’s not that I’m Mr. Bait & Switch – if I extend my stop  – which is rare – I generally have a damn good reason for it. Anyway – when the goldbugs show up here it usually strengthens my resolve to shorten my favorite precious metal – and this time was no different.

Well, before I grabbed dinner just now Gold had traded at 899 – it’s a bit above 900 again but it’s taken a major hit. That’s a 20 point drop since this morning. Remember that the front month is expiring tomorrow which is why I expected a pump and dump job by the bullion banks in consort with the Goldman Boys – they do this almost every time. I might be wrong of course as nothing is guaranteed but as long as 920 doesn’t get touched I’m holding my GLD puts. 820 or bust 🙂

Mr. VIX seems to be following my projected trajectory quite nicely. We are close to re-entering a prior triangle – let’s see if we see some acceleration to the downside in equities if Mr. Vix manages to jump the border around Tijuana.

Finally – If you haven’t done so check out the charts I posted on resident.evil, a new black box trading strategy I plan to release into the wild in the coming week.

NEWS FLASH: After some consideration this afternoon I decided to offer resident.evil for free to all evil.rat subscribers for the next three months. This will give you rats some time to become acclimated and decide which strategy best complements your trading style, capital commitment guidelines, and stop-loss provisions.

At the end of July resident.evil will be available as a subscription product at the same price as the evil.rat bros. And yes, there will be an ES and NQ version – just as with evil.rat. For now I will only offer resident.evil/ES as I have not fully tested/configured resident.evil/NQ. Also, the free version of resident.evil will only send emails and no SMS alerts as the latter aren’t cheap.

Maybe we get lucky and tomorrow’s tape will actually be tolerable. I tell you – April was the wrong month to quit sniffing glue…

Have a good night & see you on the other side.

Mole

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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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