UPDATE 12:47pm EDT: Boy, it’s slow here today – did everyone get caught in a bear squeeze?
Anyway, I’ve got my own demons to deal with this morning. It turns out that several email providers (e.g. Yahoo, ATT) are blocking my email alerts to Zero subscribers. Now, there’s only so much I can do about that and that was never really part of the official service – the indicator is. However, this casts a potential dark clowd at the evil.rat service I was planning to introduce next week. I actually got a lot done last evening and was successfully testing the email alerts on my end this morning – and then this crap happens. Obviously [...]
One of my favorite rats is Mr. Waffle – he’s been working overtime to make the Zero work for himself and even has gone so far as to post tutorials in the forum.
Today he seemingly had a kick ass day trading the swings and we all wanted to know how he was able to leverage the Zero Lite. Fortunately for us Mr. Waffle is not just a talented trader but also appears to be technologically savvy as he put together a video of each of his trades today. This is a must watch for all you subscribers and maybe also for you guys thinking about joining:
Click here for Part 1
Click here for Part 2
Quite frankly, I’m not a day/swing trader but [...]
Boy, you guys are spanking your mental masturbation gland like a mad monkeys tonight. Will we go up tomorrow…. will we crash… T.K. is short…. but futures are up… I should have scaled out… if we rally – how far are are we going to go…. jeezzz…
Seriously – if you are stressing tonight then you are far too overextended at this late stage of the wave cycle. That is why I scaled out and didn’t hold overnight. Am I going to miss out on a huge drop tomorrow? Maybe. But I’m also not going to get hit by a monster snap back rally – whenever it occurs.
I am NOT saying that you should have not taken those short [...]
UPDATE 10:40am EST: We busted a little higher and retested the prior support 741.02 line, just as promised.
As you know I reloaded around 742 and am prepared to hold those suckers even if we close that gap, which also happens to be the 38.2% fib line. Coincidence? I think not.
UPDATE 12:09pm EST: Nice little zigzag you’ve got there!
At this point there’s a good chance the gap will be filled.
UPDATE 12:48pm EST: It seems the NQ is leading the pack again today folks – keep an eye on it if you want to get a feel for where the tape is heading.
UPDATE 1:18pm EST: Bulls are fighting like mad to hold the old 740 line after [...]