After duking it out with the Slopers this afternoon I actually feel pretty good about this week. Yet another bear trap avoided – another point goes to the Zero.
Here’s our stainless steel rat theme song for next week:
Remember – we KNOW nothing – the tape will show us the way. Don’t trade what you think ‘should’ happen – trade what’s happening. Can’t repeat that simple lesson often enough.
Have yourself a wonderful early fall weekend – it’s my second favorite season. As usual I’ll be in touch on Sunday with my medium to long term outlook.
Cheers,
Mole
P.S.: [...]
I just received a very nice email from a new Pimp-A-Thon sub who after seeing the Zero in action today seems to like what he sees. But one comment of his gave me the idea for this post:
I learned about your website from Tim Knight’s post following Sept. 1 when the rug was pulled out from under the bears. I wished I’ve had the zero then!
Well, as the Million Dollar Man quote goes: We have the technology! Since ThinkOrSwim has recently bestowed us with more historical data (or was it hysterical?) let’s just see what the Zero did in early September:
I think the chart should be clear. We all remember the divergence that developed in starting [...]
Today marks a special day for me as I have the pleasure to cross out one name on ‘Mole’s Black List’. You may have guessed it – that name is ‘Blockbuster’ – a company I have hated with a passion since its very inception.
Hoorraay – the witch is dead!!!
I distinctly remember the last time I ever set foot into a Blockbuster store, which was late 2000 in Cupertino, CA. I just had returned my usual collection of smut and cheesy Chinese martial art B-movies and the pimply ‘store manager’ tried to hold me up for a pretty significant late fee. After I told him to stick his late fee where the sun don’t [...]
I posted the following on the Slope but the offer at the end of the post extends to any non-subscribers over here as well:
I haven’t been posting here in a while as I have been busy keeping my own shop running in the face of what is probably some of the most frustrating tape on record. However, instead of whining and complaining to spend the time upping my game, and over the last year my counting of Elliott waves has slowly been relegated to maybe ten percent of the work I present on a daily basis. The rest is a healthy mix of exotic momentum charts and hand rolled indicators which I believe have kept me and my stainless steel rats out of harms way in recent [...]