Now Reading
Thursday Road Map
301

Thursday Road Map

Thursday Road Map

by The MoleMay 26, 2010

I know the question rattling around in your little rat brains right now: Will we have another Dark Thursday tomorrow as depicted in my count as Soylent Orange? Or are we going to complete that zigzag correction I proposed as part of Soylent Green?

Quite frankly, the odds are 50/50. Price would point towards Soylent Orange but momentum on the Zero today, even during the late day drop, was completely flat. So, I would not be surprised to see equities make a reversal tomorrow. I reloaded some puts right near today’s highs (I got lucky) and if it pushes higher I will do so again. Both scenarios continue to point down – snap backs are expected during that journey.

Don’t let those market makers get the better of you – it’s easy to get emotional. I keep telling you guys – you cannot trade your way through this unless you have a long term focus. Either that or you better be extremely good – are you? 😉

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

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator