Blue Plate Special Please!

UPDATE 11:10 EDT: Before you rats get too excited about the possibility of the blue scenario playing out – we have not dropped enough to make this a proper count. This is what I would want to see:

In the perfect case scenario we would roll over right here and drop a bit more. This isn’t too hard to imagine as it’s hell week and the MMs love whipsaws. 765 seems like a good level for the bounce to the upside. I would greatly appreciate a push upwards into the close, which is probably when I would start selling ES contracts and load up on some puts.

Back over in reality land I will of course monitor the Zero to gauge momentum swings.

Good news on the Gold front: We finally dropped throguh that damn diagonal and are below the psychologically sensitive 900 mark. My GLD puts are loving it – wohoo!!!

Finally, exciting news for Zero subscribers – or subscriber wannabes: I got the PayPal auto module working and there’s no more manual authorization required on my part. So, when you subscribe the first time or (hopefully) extend your membership you don’t have to manually go to that PayPal URL anymore – you will be forwarded automatically. Plus the process is a lot easier now – you will be logged in automatically once you complete your payment.

This will also free up a lot of my time – frankly, I have spent over an hour a day at this point manually approving users. The number of subscribers has grown to double of what I expected! I think this can be attributed to the Zero Lite which many day/swing traders seem to enjoy.

Anyway, it’s still a bit rough around the edges, but we’re getting there. I’m trying to figure out where to replace the placeholders for the ‘sales terms’ – once I got that entered I’m done fiddling with this beast.

UPDATE 12:21pm EDT: Just came back from breakfast and it looks like I’m not getting what I hoped for:

IMNSHO this was not enough of a consolidation – it’s debatable but I would have preferred to see a larger drop. Unless of course you count this as part of the current push up that started yesterday at the open – not quite sure yet.

I have added a little sub channel for your entertainment – seems like we are traversing that one today.

UPDATE 2:15pm EDT: NO CHANGE IN FUNDS RATE – as expected. Also, they’re going to buy the long end of the bond curve – this is going to get ugly…