Bull Smacking Friday Rub Down

Everyone at the evil lair is wearing party hats today as we banked some major coin. This evil megalomaniac closed the day 40% up – which might be a personal record. Of course much of that ill gotten gain will soon have to be relinquised and I tell you why:

The Zero shows a solid down day again on all fronts. What’s also important to note is the signal strength of today’s drop versus the signal during yesterday’s pop higher. A reasonable point of view would be that the trend has now changed to the downside – but – I don’t want to be hasty here – let’s see how far Monday’s snap back will get us.

Also apparent on the late day portion of the Zero Lite chart are various bullish divergences. We are quite oversold here folks and I got an inkling we’ll be pushing into Minute {2} early next week. I would point towards Monday had the ole’ buck breached 76.58 today – but so far no takers yet to push this thing higher. We shall see…

Program Trading Update:

evil.rat/ES: +18.75
geronimo/ES: -5.5

Evil.rat had a monster day today – geronimo not so much as it got stopped out early in the day. Fortunately we had lowered our stop settings a day earlier.

I leave you rats with a little goodie:

Wer wartet mit Besonnenheit
Der wirt belohnt zur rechten Zeit
Nun das Warten hat ein Ende
Leit euer Ohr einer Legende

He who is prudent and can wait
Will be rewarded when the time is right
Now your wait has come to an end
Lend your ear (attention) to a legend

Enjoy your weekend and Happy Halloween!!! Crank it up! 🙂

Mole