Now Reading
Update – Could it be Wave Three?
23

Update – Could it be Wave Three?

Update – Could it be Wave Three?

by The MoleAugust 4, 2008

A quick update as I’m watching things unfold today: The probabilities are increasingly shifting in favor of Wave 3 (Scenario A in this morning’s posting). We expect a continuous push up in the S&P cash index ($SPX) to about 1266.

Rough path projection in the S&P cash index.

Rough path projection in the S&P cash index.

What we are waiting for here is a drop with associated volume at or before 1266, after which we plan to go short the market in a big way. Once/if that happens we will post our trade picks right here, so stay tuned!

UPDATE after market close: Here’s what actually played out:

Called it! ;-)

Called it! 😉

Sign up here to receive my FREE early morning briefing:

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