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Shaken, Not Stirred
40

Shaken, Not Stirred

Shaken, Not Stirred

by The MoleSeptember 28, 2011

As you may have guessed I have a special ‘bond’ edition on my mind this evening.

I’ll make this a free-for-all as I only have one chart – leeches everywhere rejoice! Specifically the 30-year treasury futures, which in my not so humble opinion are painting one superb opportunity to get positioned. Look at the daily panel, we had a blast outside both BBs, just the way I like it. Then I was waiting for some type of sign that the up trend may be due for a correction. This was delivered in the form of four consecutive lower closes, just as prescribed by Dr. Mole. It dropped right into a new NLSL and then painted a reflex bounce – not so fast, grasshopper!

This is what I’m suggesting: Watch the hourly panel for a close below the 140.78 NLSL – if that one gives then odds are we’re closing below the daily on Thursday. Either way – great demarcation line to get positioned – in both directions. If you’re going long and are getting stopped out then take the inverse trade. The most lucrative scenario would be a continuation downward as a breach of the 140.87 NLSL may be good all the way to 135’17.

Have fun and keep it frosty!

Cheers,

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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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