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Revenge Of Bucky

Revenge Of Bucky

by The MoleSeptember 22, 2011

If you think the tape is looking nasty in equities then be glad you’re not short the Dollar today:

That’s right – bucky finally had enough of the perennial abuse and spent all summer planning its sweet revenge – slasher style! Let’s take a look at its recent victims – but be warned, the following images may be disturbing:

Ouch – that’s got to hurt. AUD/USD fell off the plate this morning and is now so far outside both Bollingers that it may need a GPS to find its way back.

But Bucky didn’t stop there and took the ‘blood in the streets’ metaphor to a new extreme:
[amprotect=nonmember] More carts 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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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NZD/USD also took a few stabs into the chest – it never had a chance. Similar setup as AUD/USD.

USD/CAD is obviously rallying hard – boy, that was one sweet entry. You may recall that I planned on taking a short trade at the NLBL but recommended a long position once it breached above the second buy net-line at 0.9978. Yes, yes – you can thank me later 😉

Now regarding those comments on the chart – yes, we are waiting for a snap back here. BUT CONSIDER YOURSELF WARNED – this is not equities and squeezes can go on for a lot longer than you think. So unless you have money to burn wait for confirmation – I personally would like to see an inside candle tomorrow or perhaps a RVB next Monday or Tuesday.

Here’s my FX map – use it with care. But be aware that it’ll blow up any petty laptop displays – it’s rather huge 😉

I’m going to grab a late breakfast and chime in on equities before the close.




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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