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Three Pigs
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Three Pigs

by The MoleNovember 9, 2018

Volatility is continues to reverberate through equity markets evidenced by fickle participants who hastily take profits after one or two sessions of directional tape. And most likely this is the new normal that we need to come to expect. If nothing else then the erratic swings throughout 2018 clearly tell us that the easy days are officially behind us.

In that context let’s also look at implied volatility and how it has evolved over the past year. Note in particular the VIN/VIF and VIX/VXV left ratio charts, both of which have clearly remained elevated since the late January surprise. What’s most telling here aren’t the spikes up but the baseline which only once dropped < the 12 mark (it’s plotted on the VIX price range, so the actual ratio is different).

All that of course is a far cry from the record low readings we enjoyed for weeks on end until late last year. But that changed mid January and I am afraid it’ll be a long time until we see anything even close to a VIX reading near 9 again.

Which I also doubt that things are going to get much easier for us moving forward. Right now we are looking at three possible scenarios – I call my three pigs, and I’m going to give you their respective probabilities as well.

  1. Green Pig: We scared the children and it’s continuation higher starting today or Monday. This scenario gets 40% right now but starts diminishing rapidly after a drop < ES 2760.
  2. Orange Pig, a.k.a. the inverse H&S pattern: Down we go, we breach ES 2760 and then drop into 2720 where we produce some sort of spike low, followed by a bounce higher that exceeds 2820 and then it’s off to the races.  Odds here are around 40% as well, gaining a lot more credibility below ES 2760.
  3. Red Pig: Down down and then down some more. This scenario only stands at 20% right now but starts gaining traction after a drop through ES 2680.

Given all this my current trail near 2770 would weather out the green pig scenario but not the orange one. Which is by design as dropping my stop this low would rob me of most of my profits and not accomplish too much. Best to lock in my 1.2R and come back to the table if I eventually see a spike low forming.

I leave you with our historical stats chart which is not looking very supportive for the next week. It also shows that equity traders have effectively blown half of one of the most profitable buying streaks of the year. So yes, anything can happen here – and judging by what’ve put up with over the past few months odds have it that it probably will.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

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  • BKXtoZERO

    Good Morning Sir Mole. Thanks for the post! now back to bed zzzzzzzzzzzzzzzzzzzzz Crude oil down again… wow… These moves are epic. Glad I kept my attempts to intraday tight shots rather than investing.

  • Brishort

    OMG Mole, you can put colors on a pig, it’s still a soylent!

    https://evilspeculator.com/enough-soylent-for-everyone/

    Or is the closet Elliot in you making a come back? :-p

    https://evilspeculator.com/soylent-rainbow/

  • Mark Shinnick

    “hastily take profits after one or two sessions of directional tape” …oh wow, I’ve been identified :/

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Three Little Pigs…I love it.
    well thought out.

    Glow in the Dark green *is* possible since 2013.
    https://gizmodo.com/these-pigs-glow-in-the-dark-to-save-lives-1491589459

  • TimeToPanic

    Beware the mighty dollar!
    Gold down, but silver down twice as much, a classic sign that liquidity is being squeezed and risk aversion is on the rise. Oil tumbling won’t help the credit markets. I think the ‘point of recognition’ might arrive next week, when we take out the lows of 2018. The 2815 fib on ES worked well, NQ now below a fib at 7145. A nervous weekend for bulls ahead I reckon.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that mighty dollar has shown very little (if no) sign of weakness.

    https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=2&mn=0&dy=0&id=p0411415461c

  • ridingwaves

    This too shall pass….like so many other times before…..before this is over silver will most likely be in single digits…all retail will be wiped out and then the big boys gun it….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Julie said Friday’s are quiet? WTF!?
    I want a refund!! (RSI 50 FTW)

    https://uploads.disquscdn.com/images/02af16b2389af1eefd620cfb7a3cc821e913ed4315ce1252020c29b037443a56.png

  • TimeToPanic

    I don’t think we’ll see single digits, but gold and silver have a washout to come as this bull tops out, probably end of year/early next year. USD index to 108 maybe, as European problems come to the fore, Italy leading the charge. Gold/silver miners going to be the buy of a lifetime soon, as USD flips to crashy crashy when the Fed starts printing again to cover the US deficits. Fun times.

  • ridingwaves

    ridingwaves a month ago
    possible chance for natural gas spike….
    In BOIL with very loose stop….have a pnf target of 53…..

    got in from 26-29….will hold for original target….the energy complex has been ravaged for profits by RW this year…..about ready to get back into crude now….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I remember 2014/15 a bit too much. gonna wait.

  • bankwalker

    I ignored my short signals yesterday because of the FOMC announcement.

    http://thumbs.dreamstime.com/x/kicking-myself-image-man-himself-37498981.jpg

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • ridingwaves

    I remember telling all here to buy in 30’s and 40’s and hearing something similar as above….57 would be ultimate low….time to start building a position…..tough sledding here for bears, the 15th begins some energy seasonality….take the money, kind of like getting out of crude at 74 not 78..
    wink….

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    yeah, one or two observations will not suffice.

    you need about 10 minimum before either embracing your rule, or throwing it in the trash.
    my two cents.

  • bankwalker

    I think these situations would balance out the profits and losses over time. I prefer to err on the side of reducing risk, but it still ain’t easy looking at all of that red (so far) today.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    TELL ME ABOUT IT.
    still, one trade does not make one wealthy.

  • bankwalker

    unless, of course, today is the day of the BIG one …

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    nonsense. Fridays are always black.
    😉

  • BKXtoZERO

    I was already in but I felt better after seeing yours so if it is any consolation: THANK YOU!

  • bankwalker

    Glad it helped! 😉

  • BKXtoZERO

    Out TVIX 38.54 from 34.5 on a bunch…he he he

  • bankwalker

    You da man!

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    I did think I shorted every big rally like that for years and most of the time I got pie in the face….. This time I just thought that the market character had changed and I stood better odds. I shorted 2 earlier fed meetings with success so that also emboldened me a bit

  • BKXtoZERO

    Well on the Kick myself in the ass department, I put in an order to buy UWT 3X long crude at 22.85. The low BEFORE BOUNCING was 22.89 Bitchez……………..

  • ridingwaves

    bottoms are kind of like tops…..already making cash, sold 1R on pop, buying back on retest….

  • BKXtoZERO

    Long Crude on this little back test of 60 assuming that is what it is… UWT 23.86

  • TimeToPanic

    ES Fib at 2775, if that goes, next one down is 2734. I have decided to hold my positions over the weekend, didn’t want to walk away at 16.30 GMT. Enjoy your weekends, it’s peeing down and 40mph winds here.

  • TimeToPanic

    NQ Fib at 7014 too.

  • ridingwaves

    Latest NewsALL TIMES EASTERN

    12:07p
    Dec. natural gas up 22.2 cents, or 6.3%, at $3.765/mln Btus
    12:07p
    Natural-gas futures rally by more than 6% on Nymex

    took 1/2 off…weekly gap filled….expect some pull back…

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • TimeToPanic

    GBP sliding fast against the USD, down 70 pips in the last 2 hours, adds more wind behind my sales, my shorts are in USD.

  • http://iberianviews.blogspot.com/ catracho

    one of the many worries for the markets – everybody seems to be banking on a Santa rally (and when you have the talking heads saying so) – as usual… but this year may be different (rates, co forecasts)

  • http://iberianviews.blogspot.com/ catracho

    waiting for crude to rally then retest the lows before dipping in.. definitely oversold.. but no change yet, and I think the first rally will be difficult..
    looking for positive divergence

  • Julie 35 – 25 – 36

    SPX Love it ….Shorted yesterday Watch closely at 2757..Important USO starting to go vertical which usually means a rally is soon. 12.44 is an important level. Also the $VIX for oil $OVX yesterday went down while oil went down which could men fear is lessening
    JULIE

  • Julie 35 – 25 – 36
  • BKXtoZERO

    For me I would like to see uso close up over 12.84 or i may dump

  • Julie 35 – 25 – 36

    Hi BK For me presently needs a bullish close above 13.01 which is resistance and the daily 5 ema. One little trick when the STOCHS are embedded is to use RSI (30) with a front weighted moving average of 6. A bullish cross above signals a buy. If unable to chart this parameter I will post when this occurs JULIE https://uploads.disquscdn.com/images/d443c4f4a553951b362382a9b52b666db391afe53019167954e4c3cd35a5fa57.png

  • BKXtoZERO

    Bulls need to hold here or its over… Giving back whole election day erection candle

  • http://iberianviews.blogspot.com/ catracho

    https://uploads.disquscdn.com/images/3f4640661a6586222c8eaf57632a394925193ac46e34a8102efe2a824c18b321.png

    Should have a reflex bounce soon..but on weekly it broke the trend up so i think 68-70 tops before next leg down…

  • http://iberianviews.blogspot.com/ catracho

    yes that was BS anyway… but yeah ..or we could have a nice fall- looking like Armageddon and then rally… be nimble
    the issues leading to the fall in Oct are still there..
    and I don’t like the behaviour of other markets outside USA.. the disconnect can only last so long

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I would safely assume we’re below VWAP.

    https://uploads.disquscdn.com/images/ce46005a9121b4d437f57da46a795b3f343d2c67e04f558daa89044e703ed2d0.png
    edit: That NOV 07 gap needs A’filling.

  • bankwalker

    sheeple starting to realize we have less control over our election integrity than a third world sh!thole …

  • Julie 35 – 25 – 36

    Hi Catracho Yes i agree … I do want to catch a bounce BUT the bounce will be to a lower high as I have been advocating. That will be a premium very “Juicy” short
    JULIE

  • maxcherry
  • ridingwaves

    yeah, all the ACLU idiots asking for no voter id’s and illegal alien voting has a lot of cracks, even more crackheads promoting it..

  • Julie 35 – 25 – 36

    Hi MAX …. I disagree SPX as SPX IMO will follow $DAX. $DAX super important and other world markets are under performing.as is the $BKX (Banking Index) The U.S. will not dodge this bullet MAX my 2 cents worth and MAX have a great weekend. Yankees next year ! $DAX Weekly Chart Pattern A Bearish Rounded Top JULIE https://uploads.disquscdn.com/images/848da5ae8918bbd83abebe2494cbddd43322798beb0475d828b5484edef4be9a.png

  • TimeToPanic

    Chocks away, 7,000 NQ gone, bulls fought hard, but lost that battle.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    LA County on fire? Well, at least MOLE’s not moving back *there*.

    https://twitter.com/hashtag/WoolseyFire?src=hash

  • Julie 35 – 25 – 36

    USO I showed a similar weekly chart approx 2 months ago indicating 16 as a likely and possible top. Now USO has lost it’s weekly 55 ema JULIE https://uploads.disquscdn.com/images/5257b64165a2f4bad13ff18eef826e5da8154b95787495a93ad6b33fabffd720.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • maxcherry

    got some retracements to get though first, strong seasonal pattern and massive buybacks

    yankees need pitching, degrom(mets) for judge straight up trade

  • Julie 35 – 25 – 36

    GG You nailed it !
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    give up BAC, hunt the women’s fashion companies.
    Muwahaha.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    USO weekly,
    21 is nice, but this is serious. Switching to 40 weekly.

    Target 12.30
    https://stockcharts.com/h-sc/ui?s=USO&p=W&yr=3&mn=6&dy=0&id=p9943612608c
    -GG

  • mSquare

    Nah. I love the 3 pig post above but I think we need another one – half green and half Orange. Orange/Red for today turning green on Monday!

    For today, we go lower to $SPX 2760s where there is a gap to be filled and then bounce, turning nice green on Monday

    Bought some TQQQ near lows for intraday bounce

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    JCPenney, SEars, “who’s Next?”

  • Julie 35 – 25 – 36

    GG I have been watching Nordstoms JWN …. One of my favorite stores. When in Portland they reserve a parking space for me by the entrance LOL!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    You repeat yourself. I remember much of what you say.

  • Julie 35 – 25 – 36

    GG I have 12.44 … Again we are in the same ball park. We are going to hit a home run GG

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    so JULIE, what’s the Longshoremen Xmas forecast?

    https://evilspeculator.com/stop-out-friday/#comment-3899538603

  • Julie 35 – 25 – 36

    GG I have to give ILWU Local 8 a call again. I believe BW works for the Port of L.A. Long Beach and has info also. He was going to report the West Coast Port activity for October. He stated L A Long Beach was above average for September but the N.W. Ports Seattle Tacoma and Portland were down for September. I contacted ILWU Local 8 last month and Longshoremen hours worked in Portland were down a bit
    JULIE

  • M E

    Lurking and learning. Bought TQQQ @52.53

  • TimeToPanic

    I went long chock futures at NQ 7,000 as a hedge.
    Bloody bulls.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    well, just remember, you have to pay your sources well.
    (Good) Information is $$$.
    😉

  • BKXtoZERO

    Heading to the Indian Buffet and boy I do I have plans for tonight!! Have a good weekend all!
    https://uploads.disquscdn.com/images/353c6ddff3a64275cf28e7f880923655fbaedda122a7cfed40e02cce3316bffb.jpg

  • TimeToPanic

    This was shared by someone earlier in the week, thanks to whoever that was:

    https://uploads.disquscdn.com/images/0425a46a99edab5e4add2cc4f94e355fb65497dc815b90c05d593dd94fdbd8cb.png

    All clear likely past 21st November?

  • Julie 35 – 25 – 36

    BK LOL! You have a great weekend also
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Congrats.
    Learn the ways of the VIX, AL.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    SLV 13.21 support … Strong bounce at 13.25 … Oversold Probably take a long EOD
    JULIE

  • Julie 35 – 25 – 36

    SPX Today’s bounce exactly off the daily 21 ema
    JULIE

  • bankwalker

    long /ES @ 2778.50

    If I had taken yesterday’s short this would be a flip with +30.75

  • Julie 35 – 25 – 36

    BW Today’s bounce off the daily 21 ema and 60 min 55 ema
    JULIE

  • Julie 35 – 25 – 36

    BW Have you any info for October Port of LA Long Beach and other West Coast Ports ?
    JULIE

  • Sp00nman

    Definitely a nice bounce. Credit to Mr. Mole’s zero as well as it had a divergence. Sellers looks like they just got a little tired. Got to just under vwap on the bounce. I’ve definitely learned in my trading to let my stops be a couple points looser or I tend to get taken out.

  • bankwalker

    No info on any ports Julie.

  • bankwalker

    like them big’uns … little’uns too

  • Julie 35 – 25 – 36

    SPX The stair step down on intraday charts looks impulsive Bulls beware !
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    are you Doom Trolling?…..that’s my girl!

    there’s more support lines in this than a 38DD (underwire) bra.
    😉

    https://uploads.disquscdn.com/images/ed58b7a9e1ac918320537e1c47f305788834bef3c4f1593c6404d34001353183.png
    -OrangeGG

  • Julie 35 – 25 – 36

    GG Now remember 2813 was my target missed by just a few. Also the 2606 target for the low missed by 3 Do you really want to go against me ? LOL! Wait I nailed the minor bounce at 2700 too ! LOL ! GG Have A great Weekend.
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Bring it! Puss-N-Boots.
    Donkey is Stubborn.

    You Too.

  • Mark Shinnick

    Ahh…best-laid plans 🙂

  • Jason13

    Newbie here. Considering the zero indicator and something tells me it would have been helpful today. Would love a post market demo of today’s action, if possible.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I would too. But we leeches have little pull.

    Welcome, Jason.
    https://upload.wikimedia.org/wikipedia/commons/7/74/JASON_VOORHEES_-_FREDDY_VS_JASON.jpeg

  • Jason13

    Lol

  • Sp00nman

    As a newbie around here myself, I’d simply just say pony up the $60 for a month and give it a whirl (and watch it yourself). I’ve only been watching it for maybe 2 weeks and find it helpful.

  • bankwalker

    long /NQ @ 7055.50

    If I had taken yesterday’s short this would be a flip with +104.00

  • bankwalker

    on a scale of 1 to 10, how helpful?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Guys,
    there is a Video Section under the Menu if you hunt for it.

    https://evilspeculator.com/category/update/eod-wrap-up/

    -GG

  • Brishort

    Hello, Zero subscriber for 10 years here!

    Reason 1: Live SPX futures price accessible easily with context from everywhere all the time. a 30 seconds look and I know where I am.

    Reason 2: Divergences may be useful. Beware, NOT a home run every time, especially on trend days. Today for example, Red arrow was first signal to watch for bounce, but downward draft was strong. Yellow arrow was 2nd view that this should happen but may not. It took a while to materialize, but with fine tuning, short term trading the bounce on the 5 minutes was possible.

    https://uploads.disquscdn.com/images/d6388a339a8ee40f2c35bd263308416bd900ae7b1bb894d15375014bddf56933.png

  • BKXtoZERO

    Can you please share your indicators that you use? Or is that secret sauce?

  • https://evilspeculator.com Sir Mole III

    Saw this a bit late – busy day. Great intro Bishort, thanks! Jason, definitely read the tutorial here:

    https://evilspeculator.com/e-mini-swing-trading/

    Email me at admin@ if you have questions.

  • https://evilspeculator.com Sir Mole III
  • Julie 35 – 25 – 36

    Welcome aboard Jason. Great place Mole runs a tight ship No trolls and everyone respectful of another. We joke and Kid Humor is rampant and complete civil tone Excellent traders here and we all contribute and help another Would not want any other way
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I only troll when comment count is low.
    Honest!

  • bankwalker

    exact details are secret sauce, but it’s really very simple.

    It is similar to the turtle system but I do it on intraday charts.

    I don’t use donchian channels, I use another indicator to determine when to go long, short, or flat.

    I ride it until I get another signal.

    It works great with big moves like we’ve had recently. It draws down during quieter, flatter markets.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Time Check.

  • BKXtoZERO

    Thanks. You inspired me so I will read up this weekend. I mainly play the vix (or try to) but when volatility wanes it obviously is a losing idea but it took me years to figure that out lol. Thanks

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    this big Oct Market move is pulling in the Fresh Meat traders.
    luv it.

  • Julie 35 – 25 – 36

    Back to work Everyone Have A Great Rest Of Day and Weekend
    JULIE

  • bankwalker

    As you know the VIX is mostly mean-reverting and my system will usually get creamed using it unless you get one of those huge spikes. They don’t happen often enough to justify it.

  • Sp00nman

    Honestly it’s super hard to quantify in terms of 1 to 10. I’d say it depends how you trade, but for the money it seems solid. I like that there is no straight “BUY/SELL” recommendation like a black box. The poster above provided more details as well as Sir Mole. I’d say watch the videos and the tutorial page. On solid trend days, divergences may not play out (like the post election day I believe) so you have to be aware of that. I don’t have too much else to add since it’s relatively new to me as well.

    In conjunction with other things it’s helpful to have another indicator give you some extra confirmation.

  • bankwalker
  • Julie 35 – 25 – 36

    Bot SLV at close
    JULIE

  • bankwalker

    thanks for the input

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    I only saw you take 1 sizable loss along with all those gains you had. I am curious how? Did you ignore a signal? Went past stop? Because your results were pretty kickass so I was curious about your one loss of significance

  • Sp00nman

    I’m holding my GLD position from September.. My patience is waning. Damn commodities lately besides nat gas have been getting whacked.

  • BKXtoZERO

    I have one of clients westerns on my library pile right now. Classics

  • BKXtoZERO

    G L

  • bankwalker

    No. The gains were made during moves with big ATRs. The market then started to range, ATRs got smaller, and I lost. Trend following has this problem.

    Now if I could predict when the market is going to change I could retire. But I can’t (yet) because hindsight is 20/20 and hindsight is too late.

    So I need work on that plus I tend to give back a large portion of paper gains too.

    So instead of trying to guess in and out, I take the signals with all of the losers and all of the winners.

  • Julie 35 – 25 – 36

    BK IMO A shakeout to rid the weak hands. 13.21 strong support and a nice bounce today at 13.25 Oversold
    JULIE

  • Sp00nman

    Very cool thanks for sharing that. I’m always interested in different methods/etc. I feel like a blind squirrel looking for a nut at times with my trading.

  • Brishort

    Have a great week-end everyone!!!

  • Jason13

    I did see those….very cool

  • Julie 35 – 25 – 36

    BK Got a few Checkout SIL Nice trading range . Today and yesterday long tails showing buying at this level.Also great example of Wyckoff principles Selling climax – Automatic reaction — secondary test — now a possible spring setting up
    JULIE

  • Darkthirty

    I had the opposite problem. Scalping by the minute on big moves causes to much churn. I use 10 d 10m charts along with the minute charts now.

  • BKXtoZERO

    Silver has been in a 7 YEAR shakeout into weak hands…. zooming out, this sideways could yield to one more move down I guessum

  • Jason13

    Beautiful

  • Julie 35 – 25 – 36

    BK IMO SLV Monthly RSI at 35 Not much selling left if at all. Trading range setting up for a move higher
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    GG SLV An interesting chart pattern on the weekly. There is a descending triangle from January 2017 with a breakdown target of approx 12.50 the approx September 2018 low Again monthly RSI at 35 SLV IMO at or near a bottom.Someone taking a longer term buy or a position trade (5 – 21 – 55 ema’s bullish alignment) daily chart low risk. I am a buyer today (small position) at the nice bounce off 13.21 support and oversold. Have A Nice weekend GG
    JULIE

  • BKXtoZERO

    /SIL is in some 3rd of lord knows what at the moment, impulsive down with a head of steam targeting at least the Nov 2016 lows, probably beyond. We just saw some weak 4th looking bounce. I think metals are waiting for monetary response to destruction and there hasn’t been enough destruction yet https://uploads.disquscdn.com/images/a81e211bac19913040b9ff13c7c3f5a32729efc11d60c880d9f693b37d86e11d.jpg

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    at some point. You just have to step back and declare the horse dead.

    https://uploads.disquscdn.com/images/c5d9232efcbcab88ee89ea5cc634e8bc424df8d0478dc4f15cabcc13e899650f.png

    I don’t understand how it’s done. Silver is used highly in electronics, sometimes acts as coinage, yet it’s cheaper than dirt? Go figure.

  • bankwalker

    interesting … how do you define the DMZ?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    the swath of zig zagging in October, central to the wider spanse of Sept High and Halloween low.

  • bankwalker

    OK thanks

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    I agree. I do think it will be epic but just not yet. 7 hears is a hell of a long downward spell

  • Julie 35 – 25 – 36

    ENDP Guys if interested in Bio Pharma …. Oversold printing a hammer at it’s 233 ema and fills the gap JULIE https://uploads.disquscdn.com/images/1b3c574f549eb51b77f432a6671023df91af48c4172516d7bcceab25cc93d9b6.png

  • Julie 35 – 25 – 36

    VKTX Another Bio Pharma … Oversold at it’s 144 ema and gap support. Also convergence trend line support RSI and MACD positive divergences. Bullish falling wedge pattern https://uploads.disquscdn.com/images/520b57092a2e04f54f6caceda24098abd9a1025b9e83e3083a86007416877f2a.png JULIE

  • Julie 35 – 25 – 36

    GG Commodities do not go to zero like a stock can. At these prices Silver the big boys are accumulating
    JULIE

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    GG BK Look at the selling volume summer months weekly chart above ridding the weak hands.Also SLV presently a trading range 14 — 13.25 A trading range oversold and Keltner Channel bands work great. 13.21 is a support matching lower band JULIE https://uploads.disquscdn.com/images/94ec0680a9f20f6f6c3ee81750fcad8893df5ca88f265d68a66bd708509e3e63.png

  • Julie 35 – 25 – 36

    Julie’s Model for the upcoming week SPX. Drop to approx 2776 then up to approx 2792 THEN Guys it’s curtains …. Put your crash helmets on !
    JULIE

  • Julie 35 – 25 – 36

    GG You do not understand how it is done ? Well …… You guys are definitely from Mars ! LOL!
    JULIE

  • Julie 35 – 25 – 36
  • TimeToPanic

    I’m with you Julie.
    Here’s my target for the bottom (2009 trendline, weekly 200MA, a gap, and a fib extension:

    https://uploads.disquscdn.com/images/ce54311c363f581bcb1bdf2b41d211146fd20c4aea7b8d0b252992c171a72dc8.png

  • TimeToPanic

    Please excuse the missing bracket, it fell off somewhere.

  • TomW4

    I’d love it if your scenario plays out Julie!

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ..watch RSI 60, key level.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    Not a damn year goes by that Malibu isn’t on fire. But people keep building there for some reason…

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    At least they called in the Heavy Guns

    https://twitter.com/Cece90265/status/1061056733898924032

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    the small plane is a supervisory lead dog.

    https://www.apnews.com/7b72b8c13e454d46ac5489cec4cdbc3c

  • Julie 35 – 25 – 36

    IMO A nice rally setting up TLT 20 yr bonds Looks like an impulsive 5 waves down from July 2018. Target 116 – 117
    JULIE