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Quite Elementary My Dear Watson
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Quite Elementary My Dear Watson

Quite Elementary My Dear Watson

by The MoleAugust 4, 2009

Well, its’ quite elementary, my dear rats. The key in cracking this mystery lies in the Dollar:

Which is getting pounded into the sand again this morning. Unless this thing finds a bottom and snaps back equitity traders (most of them being bullish at the moment) have little incentive to start taking profits. And that in turn is the rub – the big bears are MIA and selling will only ensue once the bulltarts think it’s time to take profits.

So watch the ole’ buck – which might turn today, tomorrow – tough to say. I’d venture that it will happen ahead of 76.15 – if we breach that one we are all seriously fucked.

As I said – quite elementary 😉

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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