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Whip-dee-doo
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Whip-dee-doo

Whip-dee-doo

by The MoleFebruary 17, 2009

UPDATE 3:13pm EST: We have not gone anywhere since the early morning open gap – I could have just run some errands.

The Yen has been pushed down every time it attempted to breach the 50 yard line – we got some skilled linebackers here. However, despite seeing some very violent candles in my index futures charts they are not making much progress either. There is a big battle being fought right now and I’m not sure yet which side will get the pop by the close. I was hoping for a nice reload-rally but the way we’re going I can kiss that one good-bye. Maybe some of our intrepid mouth breathing friends will step in at the close to load up on ‘deals’ but I wouldn’t bet an money on that right now. Need to stay patient and wait for the right moment.

UPDATE 3:27pm EST: XLF just painted new lows – not looking good for the bulls…

UPDATE 3:31pm EST: PPT just stepped in. Those are some nasty candles!

UPDATE Closing Bell: XLF closed at 7.97 – bulls lost this one. I actually grabbed some puts a minute before the close.

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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