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Snapback Tuesday Wrap Up
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Snapback Tuesday Wrap Up

by The MoleAugust 9, 2011

Alright, it’s safe to loosen your seat belts and lower those tray tables again. Boy – what a session and what a contrast to yesterday’s glance into the abyss. I haven’t done a wrap up video for a little while but today I simply had to put one together as the Zero nailed this session on the head:

I concede that the divergence on the hourly took a while to form completely but that is a lesson we learned in the past. You don’t want to be too early, especially when the signal is still ticking strong in negative territory. A day or two near the zero mark is usually what I wait for – especially when volatility is sky high and panic selling is rampant.

Anyway, now you can relieve some of the scare you experienced today. Heck, I should be charging good money for this! 😉

I’ll put together a few target charts later today – now I’ll need a bit of a breather.

Cheers,

Mole


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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