Now Reading
What Needs To Happen Now
310

What Needs To Happen Now

What Needs To Happen Now

by The MoleOctober 30, 2009

Morning my intrepid stainless steel rats. Forgive me late appearance but I simply couldn’t roll out of bed this morning – had to catch up with some much needed sleep and my bed was way too cozy and warm. You can blame that damn heating blanket Mrs. Evil bought me a while ago 🙂


Okay, so this is what has to happen now – per the chart above we now need to see yesterday’s lows (SPX 1042.19) to be taken out with conviction. And that’s pretty much it, folks – really nothing to be said about the wave count.

Nice move also on the Dollar front – and similarly we need to take out Wednesday’s highs (78.58) and that soon. So far it’s looking pretty motive and I’m sure a whole bunch of Dollar shorts are running around with their hair on fire as I’m typing this.

May I kindly point out that 2sweeties’ DXY long RL at 75.93 held up just famously? 🙂

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