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We Can Do It!

We Can Do It!

by The MoleJuly 13, 2009

12:30pm EDT: I just occurred to me that the script for this week’s tape was written by Mel Brooks:

Come on bulltarts – you can DO IT!! 🙂

12:45pm EDT: Per popular request:

Spring time for Bernanke?

Prediction: By the time we touch 400 on the SPX someone is going to write a hugely successful play on Greenspan, Bernanke, and Wall Street’s boundless avarice.

1:31pm EDT: We keep losing avg volume on the DJI:

Got to love hate these bear market rrrrrrrallliieeeessss…..

1:37pm EDT: Ht tip to Tyler Durden over at ZeroHedge:

I actually have that CD in my car – anyway, it’s nice to watch this thing play out in time-lape – it’s quite obvious that this was unsustainable.

2:00pm EDT: I know many of you rats are waiting for a weakness and a hard drop after today’s run up. And again, I would recommend you heed caution – it’s OPX week and o.i. on the SPY Jul option chain has not changes since Sunday:

Remember, that’s where participants expect it to close, so I think we have a good chance to see them make a run for 912.

And in other news: I learned how to open a pair of handcuffs with a paperclip – was practicing all Saturday. You never know where that’ll come handy, especially with Annamall and Keirsten around 😉

3:28pm EDT: It’s almost 3:30pm and things should accelerate nicely into the close – either up or down. After such a long run I’d usually bet on the downside but I’m suspicious today: We have been consolidating down on the MAC and stochastics in the past few hours – so we are not short term overbought anymore. Even if we drop into a B wave here I have a feeling we’ll complete the C wave around 912 later this week. For the record – I just looked at my chart and it seems that we already completed an a-b-c pattern since last week. So, I’m really split here – but have decided to not force a low degree count at this point. Need to see what happens now.

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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