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Sell The Rips

Sell The Rips

by The MoleAugust 25, 2009

10:15am EDT: I just used the obviously inane consumer confidence numbers to bulk up on more puts – got some nice fills there.

Giggidy – giggidy – goooh!

Meanwhile in the murky depths of the currency pits the ole’ buck is hanging on – so far so good. Again, a breach of the prior 77.4 low should get us to 76ish but there is a sliver of a chance that the low for this year has been painted.

I’m going to sit back and watch this tape for a bit longer before I post an updated wave count. I still have hopes of seeing 1045 today but at this point it’s starting to look like the boys are taking profits.

12:47pm EDT: The count goes on…

Second stage is cut – we are now in orbit… ooppps… back at Ground Control there’s a problem…

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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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