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Revenge Of Bucky
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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.

Cheers,

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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