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Third Touchdown!

Third Touchdown!

by The MoleAugust 13, 2009

2:23pm EDT: I have been quiet since this morning as I have been working on some geronimo research with Eric. However, I just peeked at my trusted channel and voila – what do I see?

Third touchdown! We are building a real channel here – rats! Of course a breach would bring about soddom and gomorroa – you know cats doing it with dogs, pigs flying, all that good stuff.

“These men are consummate snowball artists…”

LOL – sounds a bit like Bernanke and Geithner 😉

BTW, if this is a third wave that’s sub-dividing into 1-2s the next spike is going to brutal.

2:40pm EDT: I need to point something out that most of you seem to be missing (at least based on the confused comments I’m seeing): The chart above is probably the most important one I have posted in the past quarter. Reason being that we now have a lower boundary for this bear market rally. Up until now nothing really lined up until we got that new bottom on the 11th, when suddenly everything fell into place. I then proceeded to add 25% and 75% lines in addition to the 50% line. As you can see it almost lines up perfectly.

This channel will be key in identifying when Primary {2} might come to an end. Nothing is guaranteed but a breach of the lower boundary in combination with perhaps a swing upwards in the BAA-TYX spread would be a strong suggestion that the end is nigh.

I don’t want to get too excited about this yet – a few more touches/tests on this one would actually encourage me, so for now – as strange as this might sound – the best news for the bears is for this channel border to be defended by the bulltards. Hope this makes sense.

3:45pm EDT: News Flash: I had it with Lester and banished him from the evil lair. If the majority of you don’t like it you can kiss my shiny metal ass.

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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