Now Reading
POMO Update

POMO Update

by The MoleJuly 14, 2011

I’ve got nothing new and intelligent to say about this tape – as suspected we are in mid-summer chop suey mode. Remember to wear the proper spectacles when looking at your charts:

I’m actually not sure they are in 3D – based on personal experiences in Los Angeles. Hey, if Colbert gets to be politically incorrect – so do I. My apologies in advance to any Asian readers (here go half of my subs). To my defense – I am really into skinny Asian girls – does that help my case?

Anyway, I’m not completely useless however and have produced an updated POMO chart, which is crucial information whether or you are on the bearish, bullish, or free thinking side. Sorry, only for the subs – at least for now:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

That’s quite a change from two months ago when I last posted an update on this. As you can see the trickling out of QE2 is starting to kick in and the rolling total has now dropped to the half-way point. The spike up last week however makes the point I have been making all along – we need to see a complete reversion to the zero mark before the bears truly may get their day. And that’ll take more time – I think August/September is when we may start to see some real fireworks, until then it’s chop chop chop until we drop.



Sign up here to receive my FREE early morning briefing:

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c