Reach Out And Touch Something

Alright, it’s been quiet in here, so it’s time to sex things up a little.

I do have a chart that goes with this image though – hard to believe, yes. But evil Mole finds inspiration all over the place – especially when it involves skanky blonds.
[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.
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As you can see the theme of my long term Bollinger chart is to reach out and touch something. As you can see, once there is a push to either the up or down side no reversal happens unless something gets touched. And thus far we are still somewhere in limbo – I think a reasonable level to expect some push back by the short is the 1375 to 1390 cluster.

Nevertheless it’s worthwhile to keep an eye on our net-line sell level (inspired by Chris Carolan), which starting tomorrow will be at near the 1302 mark. If we close below that the odds change significantly. Admittedly we are miles away from that at this point.

Hey – daily Zero may be moving slow and it’s not as exciting and entertaining as ZH – but the sucker has gotten it right every single time so far. See – that’s how you bank coin in the markets: Slow and steady and by fading out all the drama.

Cheers,

Mole
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