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Up Up And Awaaaayy….
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Up Up And Awaaaayy….

by The MoleJune 11, 2009

I’m about to turn into a pumpkin but didn’t want to leave you with a cliffhanger before tomorrow morning:

I know this chart is getting messy – sorry rats – but Primary degree corrective waves are notoriously complex. The final count is often debatable but that’s more or less academic – what I really care about is to get the near term direction right. Which is most likely to the upside I venture to say – that running triangle we nearly completed today is almost textbook. If you are exposed to the downside you want to keep a close eye on that upper triangle border – that’s your line in the sand.

However, it’s too premature to kick Soylent Blue to the curb as of this evening – if we drop through today’s low tomorrow it would yet again become our highest probability scenario. Quite frankly – I don’t care either way at this point – as long as we get out of this dreaded whipsaw zone 😉

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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