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Wednesday Telegram

Wednesday Telegram

Wednesday Telegram

by The MoleMarch 4, 2009

This is going to be in telegram style as I have very little time tonight – sorry rats:

Orange: There’s a very good chance that we are already in Minor 4 of Intermediate (5). Expect some bumps in the 723 zone as we’ll touch a diagonal resistance line. Next stop is the 23.6% fib line at 736 but in the course of the next few days we may push all the way to 761 – the 38.2% mark.

Blue: This was just a Minute degree correction as part of an extension of {iii} of 3 of (5). Do not breach Wednesday’s highs,  do not pass ‘go’, do not collect 724.

Silver and Gold retraced a tiny bit today – as I’ve mentioned before, any retracement is an opportunity to add to existing puts or short positions.

That’s it for tonight – see you on the other side.


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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