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Down Channel Holding
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Down Channel Holding

by The MoleFebruary 23, 2009

UPDATE 10:00am EST: Happy Monday rats! We’ve bounced up a bit on Citi 3.0 bailout hype but the down channel remains intact:

I have to say I am disappointed – was hoping for a nice rally allowing me to load up again. I sincerely hope this down drip is not going to continue – I hate buying puts in oversold conditions. Get whacked every time I do that. Where’s all the irrational exuberance? Come on mouth breathers – you can do it!!

Yen just snapped back and is slightly overbought on a very short term basis.

UPDATE 10:27am EST: BTW, Zero is pay for play now. Folks, I saw some emotional posts complaining about that and frankly you can all bite my shiny metal ass.

  • If you don’t like the Zero and prefer [fill in free indicator of your choice] – fine – I don’t care.
  • If you cannot afford a measly $39 for an indicator that’s used to trade options and ES futures – fine – not my problem. I’m not going to cater this to people with $1000 accounts, sorry. Go back to those indicators and enjoy the riches you are surely raking in. BTW, why are you here again?
  • If you are unable to follow simple instructions and cannot get it into your head how a swing above the zero line is bullish and a swing below is bearish – please don’t sign up – because I don’t have time to babysit the mentally challenged.
  • If you don’t like the fact that I used PayPal to implement the payment system – fine – then don’t subscribe.

Seriously, I’m getting sick of self entitled freeloaders who come by here and complain about every little thing. Nothing is ever good enough and Mole is now the greedy asshole who’s taking advantage of his rat minions. Maybe I should stop posting forecasts for a month or two and we’ll see if you’re better off without it. Yesterday alone I spent five fucking hours of my Sunday afternoon working on the weekly forecast. And I don’t make a dime off of that.

In that context – ad click rates have followed the SPX lately and thus I don’t bank much coin with those either. From the 133 people who voted for the Zero only 20 signed up (how’s that for conversion). If I add together the amount of time I spent writing on this blog plus the time I spent maintaining the Zero chart, plus the hosting charges for the colo server I’m massively in the hole – even at a McDonald’s branch manager hourly rate. So, before you guys keep whining like little girls keep all that in mind. If you have nothing nice to say or just come here to complain, then just go back to that mysterious blog that gives you spot on trading tips and daily market analysis all for free.

I’m going outside to kick a tree.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

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  • standard_and_poor

    Top of the morning fellow rats!

  • BigHouse(Aka Mr Vix)

    XLF seems to be hanging in here.I'm hoping for a bounce.I'm in all cash.

  • GoCougs

    Bought VIX vertical spread 60/65 @ $1.30

  • T. Waffle

    Mole,

    NQ is very weak. do you still expect the bounce?

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    I don't mind shorting in an oversold condition as long as they are going down.
    Real estate plays today were weakest early and still weaker now.
    Keying on SRS and VNO today sent trades via Twit., user Centrifugal
    (this could get ugly today, imo)

  • beer_to_whiz

    I am newbie (well two weeks new). I like this site and am viewing more often. A basic question though. How do I update the comments. Do I have to hit refresh all the time? How much of this site will be usable as I see that some of it will cost $39 per month. TIA

  • Molave Street Dwende

    Come on mouth breathers – you can do it!!
    I start getting wary when I hear you guys saying this – are we getting too complacent? Everyone is waiting for a rally that doesn't appear, in hopes to load up for the plunge down. Which means the market will probably dribble down past 740 and rocket back up to 840… πŸ˜‰

  • jigdaddy

    in the same boat, i hope last friday wasnt the day they shake off most bears/suck in bulls and start the party w/out mostly everyone…

  • BalaB

    Good Morning All.

    Doesn't look to good (at the moment) for the bulls.

  • Blind_Squirrel

    http://docs.google.com/Doc?id=dfcc9cw4_4c8hqqbf

    Gene Ingers 2/23 letter macro view

  • BalaB

    Yo Man. I've been recently keeping up with your postings.
    You're a friggin machine.

  • Eric_in_SFL

    We finally break under 800 now no one sees any reasons to buy. If close down today by more than 10 points or more I Imagine at least the 2 days following we will see a bounce. mostly it will be a synthetic move by institutions so they can make some profits on the way up and anticipated a longer ride down. In addition to the rash of government announcements this week mainly the bad bank stuff scheduled for Wednesday.

  • http://greedangerignorance.blogspot.com DJ

    Opened /NQ long at 1154

  • Erikd

    XLF should hold 7.40 level, buy calls now.. use thart area as a mental stop today…

  • calendar

    S&P correlation with yen is not what it was a few months ago. The correlation between eurjpy and S&P is higher. You might want to use that instead of dollar yen.

  • reza002

    Thanks, Erikd

  • T. Waffle

    Bought WFC JUL 09 10 PUT @2.95

  • BigHouse(Aka Mr Vix)

    I am seeing five waves upon a 30 min chart on XLF from fridays lows. Looking for a pull back below 7.25.

  • Blind_Squirrel
  • http://greedangerignorance.blogspot.com DJ

    Guys, don't complain about fees. Lost of people charge 250$ per month and i ave taken those services and they are shitty services. 39$ is very cheap. why don't u use it paper trade for 2-3 days, if it results profit, give 39$ a day. you can make atleast 200-300$ min on /es contract even if you just scalp for 4 5 points.

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    these days, y

  • standard_and_poor

    watching bac for puts

  • BalaB

    Would you be so kind to throw up one of your very informative charts?

  • BigHouse(Aka Mr Vix)

    looks like qqqq going below fridays lows

  • alphadriven

    As a paid subscriber, I am glad to have the zero this morning. Huge benefit in knowing where the momentum is heading. I don't see how you can loose with $39. Thats the price of a steak dinner and a few beers.

  • Douala

    molecool

    For what ever it is worth..I am very grateful for all that you do. And if I knew how to trade futures I would of signed up for the Deluxe Zero if you offered such a thing. Plus if I was banking serious coin like the rest of the rats [BTW..I am a piece of cheese] I would mail you a check just to say … Danke schΓΆn

    I mean this!

  • Mikey

    Jeez, Im very new here and the value I get just from the charts, insight put into this sight and savvy posters is incredible! I dont understand why anyone would complain about your fee structure for additional services. Keep up the great work!

  • standard_and_poor

    Here's my roadmap for Monday, still on track for 668.25 SPX, read for details.

  • http://implicittrading.com Implicit Trader

    Mole,
    You’re much more gracious than I would be. Speaks to your commitment to the community.

    I’m disappointed it has come to this.

  • Anonymous

    Hope so… Long FAS 4.75 for a day yrade

  • katzo7

    ERIK, I GUESS YOU ARE SAYING WE WILL GET A POP HERE, ANY IDEA HOW HIGH IN SPX?

  • Stretch

    > I’m not going to cater this to people with $1000 accounts

    I'm glad you said that as I think that has been the undertone for some time. Though, still an incredibly unfortunate position to take considering you are cutting the power of the Internet and crowd-sourcing off at the knees. Your best endorsement to legitimize the Zero would come from a guy who took that first thousand and turned it into a golden egg.

  • DrMalaka

    “Bite my shiny metal ass?” Mole, are you Bender?

  • BalaB

    Nice Job Man

  • beer_to_whiz

    long Mar 7 Calls @ 1.04

  • perspective

    What the Fed, the Treasury and the Obama Administration have attempted is to bridle the bucking bronco that has become our capital markets. Although the markets have been under pressure as of late – it has been a direct result of premeditated ambiguity by various government officials towards the savage beast herself.

    Now mind you this type of intervention could not work in most market conditions – i.e this fall. There was far too much selling pressure to be overcome by information or rhetoric. It was man verses nature and we all know who wins that battle. Where we are currently sitting is in the doldrums of the storm. The ship is in tatters, the crew is demoralized and looking for answers and leadership. Mass psychology now becomes either the crews downfall or secret weapon to survival. It is up to their captain to suspend the aroma of certain death and inspire a path towards safety. They just need to believe to survive.

    Let's see if Geithner can earn the markets respect.

  • http://greedangerignorance.blogspot.com DJ

    BOT RUT MAR 09 420 CALL @13.40

  • Merlynn

    Hey Mole hang in there, I am going to sign up for the Zero just 'cause I don't want you giving up on this site. I still don't know how to use it, but I guess I can fgigure that out along thwe way. I figure that I am investing $39 for a great return just from Speculator if nothing else. Come on guys it's $39 tp keep up with Mole's roadmaps and great insight.

  • DoubleNaughtSpy

    NDX is on the brink of collapse…or another insane rally. I'm still long QID.

    http://screencast.com/t/fxeMpVzee

  • standard_and_poor

    Shorted ES basis 790 SPX, might close it out today, keep you posted, so far so good..

  • cedieke

    now that the zero is for pay, i won't click any adds no more. hope that's ok

  • Douala

    Rats

    Can Zero be used to trade the market in general [non futures] ?

  • standard_and_poor

    BAC puts might present good opportunity for a high risk trade(lotto) watching 3.00 march puts.

  • BalaB

    Yeah. Take another look at the directions. ex: you can trade the SPYs, Qs, IWM, etc.

  • standard_and_poor

    Just purchased BAC puts, will add more later.

  • rhae

    SPY in wait mode… My general rule, if it is going down , Don't buy it… duh!

    http://screencast.com/t/4bxtsA7kFv

  • Douala

    Thanks.. I will look again…

  • Douala

    Thanks.. I will look again…

  • BigHouse(Aka Mr Vix)

    Going long FAS.If SPX goes below Fridays lows i'm out.

  • alphahorn

    As I expected this is a multi in and out day, i think it's about time to get back in long for another scalp, looking at FAS, BGU

  • the_dark_lord

    FYI… TLT crossed below the 50 DMA and is dropping nicely. Good place to put a stop

  • alphahorn

    Just went long STLD AKS,

  • geckoman

    Easy Mole, your talent is sometimes overcome by your ego. Always treat your followers, free loaders or not nice. It doesn't cost you anything.

    Love you buddy!

  • Erikd

    do not know, XLF is above the daily trendline from the lows of nov and jan 20, as long as this level holds today the market will go up from here…

  • alphahorn

    long IPI

  • standard_and_poor

    Never too late, be positve friend.

  • Squidman

    Bounce off your 3 month daily trendline.

  • alphahorn

    long RIMM

  • Erikd

    8>)

  • T. Waffle

    bought FAS @ 4.88 to hedge all my position

  • beer_to_whiz

    long Mar $7.5 Calls @ 0.45

  • standard_and_poor

    Will be adding to BAC puts on strategic pull backs.

  • http://greedangerignorance.blogspot.com DJ

    BOT QQQQ APR 09 28 CALL @2.08

  • BigHouse(Aka Mr Vix)

    Bought more FAS. I'm going to fall in love with the upside ZIG ZAG

  • newbie trader

    long time reader, first time commenter πŸ™‚
    just want to say I'm one of those guys with the “$1000 account” and I appreciate all your efforts, mole. I've been learning a lot from you.

  • standard_and_poor

    qqqq may take over xlf's job as leading indicator, watch both mates.

  • jigdaddy

    anybody eyeing the Mar 8 XLF Calls?

  • Observer

    Someone pointed me to the Zero recently. I only got a chance to watch it for about 6 trading sessions, during which it had one small winning trade and 3 or 4 losers (not to mention being completely off line for one full day). I really don't know if it's good or not in such a small sample. You need to consider providing some way for people to try it out in real time for a longer period.

  • BalaB

    Its been up free for months

  • Squidman

    Just a suggestion: It is currently unclear if February's payment is prorated or if it will be 30 days based on sign up date. I know it is minor but it is a basic issue that needs to be addressed. You should also put a header on this page with the link “purchase monthly zero feed”. BTW–I just registered and await confirm to pay regardless. I also believe that those of us who may be successful with the zero going forward will talk it up enough here for marketing–a delayed feed will accomplish little IMO.

  • BOOTS

    MOLE, always remember people want to tug on Supermans cape.
    Is that the best you can do for a smackdown? You are getting soft in your old age, LOL
    Long BGU, FAS, DXO

  • unSane

    I could care less about the Zero, but if Mole wants an income stream then he needs to keep subscribers coming in.

  • beer_to_whiz

    I bought some Mar 7s earlier @ 1.04

  • geckoman

    Just an opinion is all, I could be wrong.

  • Blind_Squirrel

    Pagiing Dr. Bernanke Dr. Geithner. Dr. Bernanke Dr. Geitner, please come t the Emergency room
    Stat!!!!

  • Anonymous

    I dunno E, the Qs (techs) seem to be gradually taking the lead from the financials..no?

  • greenhornetdz

    Mole: Hang in there man, your work is well appreciated. I just need get over that $1000 hump, then I can play with the big boys.. =)

    Great work!!

  • BalaB

    : )

  • Douala

    molecool

    These people who complain and whine please ignore them. They post behind fake names and pictures and for once in their miserable life they feel powerful and important. If they don't want Zero… “F” them !

  • BalaB

    Hey Big Guy.
    per our RL conversation
    755 on the /ES still has strong odds for a reversal according to RL because we did NOT close below it.

    *This info is a carry over from last week. Thus I am in no violation of disclosure rules per 2Sweeties.

  • Squidman

    I'm eyeing a bee buh bee buh bee bee fuddled market methinks.

  • ISLDGUY

    Mole, you're fantastically funny. Serious but funny, if that's possible.

    Please don't break your foot on that tree, or maybe make sure it's a small tree. Your writing is really great!

  • molecool

    I don't expect everyone to like the Zero – but despite my edgy style I have been extremely supportive of my community. At minimum I expect that people respect what I do and don't vent their frustrations onto me.

  • Vic

    Anyone short on GOOG?
    I shorted at the c point (late to the party) and was thinking about covering at d, for a symetrical ab=cd pattern before reloading. Any thoughts??? http://screencast.com/t/Ofoo3BbSMk

  • molecool

    I KNOW – I must be off today. Don't worry I'll smack you guys around later.

  • Erikd

    look at AAPL today compared to where it was on jan 20 it is not week like the qqqq.
    AApl is a leader in tech as well as the XLF is for the market…

  • molecool

    Oh, 3 free months wasn't enough?

  • BigHouse(Aka Mr Vix)

    We need another PPT to step in πŸ™‚

  • BalaB

    A dude takes his time to create something in hopes of benefiting all of us and you come back and say “I could care less” about his efforts.

    Perhaps you think before you open your mouth.

  • indusequities

    Bought BBT @ 14.71

  • molecool

    I think word goes around when something works for people. I'm not to worried about it – maybe I'll offer a free week or so every other month.

  • indusequities

    Bought DRYS @ 4.05

  • indusequities

    Bought DXO @ 2.03

  • Chop it up

    hmmm, I was up a little late and maybe I'm just seing things -but I believe the cash/futures just inverted on the Yen. Very odd.

  • yazzer

    good point – belwhether…still, technically, the Qs don't look as healthy (relatively) as XLF.

  • BalaB

    ?
    Not sure what you're getting at

  • Douala

    molecool

    “I have been extremely supportive of my community. At minimum I expect that people respect what I do and don't vent their frustrations onto me.”

    W E L C O M E T O A M E R I C A ! ! !

    Home of the RUDE & the brave……

    [sad but true!]

  • ZigZag

    I'm doing the same…Just don't tell Oscar πŸ™‚

  • rhae

    SPY straw grasper, Spy 1m vwap tagging , 60m horrizontal, my itchy trigger finger remains in a cast, for now…

  • TomOfTheNorth

    Perfectly reasonable expectation – and in the few weeks I've been here, you have absolutley been supportive of your community – and an impressive & knowledgeable bunch they are.

  • Erikd

    no bottom happens in one day, the XLF was where the qqqq is today, post me tomorrow as to where the qqqq are…
    the XLF is a day ahead..

  • Keirsten

    Long BGU, TNA, MOS, DRYS, AKS, FAS, short SKF
    So not impressed with the block trades down here yet on S1. Trading for scalps only on the above.

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    Just a pathetic bounce today, imo. and Naz leading lower w breadth firmly lower…makes me wonder why some still looking for a bounce. I guess until the SPX takes out friday's lows??
    …looks ugly again methinks

  • Insect Overlord

    mole, I've been coming here pretty much since this site started up and the fact that you won't place my trades for me is BULLSHIT. You work hard so I don't have to. (*just in case* — this is a joke, so don't ban me)

  • Insect Overlord

    I'm just extremely distrustful of anything in the market. So many mixed signals I feel like I'm trying to read my wife's mind. I'm largely staying clear for now. I'd like to go long a few issues for my IRA account, but I'm chilling out.

  • de3600

    I was thinking the same thing he has got some balls πŸ™‚

  • Keirsten

    I'm looking for some stats I found last month after options ex about Monday's trading sessions based on Friday's close… will post if I can dig that up again.

  • TomOfTheNorth

    new lows of move: Dow, NAS, RUS2k
    not there yet: S&P, Transports, RUS3k – but all closing in

  • de3600

    please no i am long skf

  • Insect Overlord

    Thank you for your posts. IMHO, we all need to do posts like this more. A few of us are good about it. But seeing what people are in and what the entered at helps me learn. +1

  • standard_and_poor

    Thanks mate, this is for you:
    http://www.youtube.com/watch?v=M_BHs82Qhp0

  • alphahorn

    steel's having a rough morning huh, just scalped BGZ for a nice trade, hope material stocks rebound here

  • BalaB

    By chance did you see what I mean about regardless of the odds for a
    Retracement, price will alway dance around the level at least
    briefly. Therefore its always good for a scalp.

  • fuw

    Mole, I'm a silent reader of your blog, and I just want to say how much I appreciate it. Just ignore all the idiots complaining, that is what I try to do in real life as well. Some people always want more, for free, and some are just plain out stupid, but you shouldn't let them get to you. I'm sure that most readers are really grateful for all the work you put into the site.

  • de3600

    Fslr earnings tuesday

  • Keirsten

    I'm with you on that. Me no like this market right here either way.

  • maya

    hi Erikd
    are you out of your XLF longs ?
    thank you

  • standard_and_poor

    Guys I have a 754.5 fib. target for today (thanks Bala B for jostling my wine drenched neurons)
    I'll be taking some profits for reloading at higher prices.See my Monday roadmap for details. If any
    thing changes I'll post if time permits.

  • unSane

    Dude, I've written lots of indicators myself and provided them *for free* to folk on other sites.

    The Zero is a commercial endeavor… why on earth should I care about it? Good luck to Mole and I hope it banks him to cash.

  • bernie

    Echo fuw's comment.

  • molecool

    I will probably do that every once in a while – good idea.

  • Vic
  • DZZ

    +1

  • molecool

    It's really a market barometer really – it give you a good idea of what the market sentiment is. Which is actually why I am now pushing towards folks not relying too much on the ETAs and VTAs and trading their own system in conjunction with it.

  • molecool

    LOL – whatever makes you happy – if you think you're getting a rough deal I'd be happy to reimburse you.

  • BigHouse(Aka Mr Vix)

    Buying more FAS one last time. I hope ErikD's bear doesn't get me. I got no lube.

  • molecool

    I don't expect people to support the blog by paying for the Zero. If you like it – pay for it – done. If not – fine – I live. What gets me are those wankers who think they deserve to give me shit – without ever making a contribution themselves.

  • Erikd

    XLF holding, excellent risk/reward set-up to go long here, i have a full long position…

  • Keirsten

    You'd think they would. I didn't want to babysit trades today, but looks like that's gonna have to happen. Looks like the $USD might start heading down here shortly which should help our cause. I've been looking for it to at least come down and test the 20 DMA soon.

  • standard_and_poor

    Closing ou ES trade here.

  • molecool

    I know – this completely sucks. I'm getting the feeling we won't get any rally anytime soon.

  • standard_and_poor

    May short ES again later today.

  • molecool

    It's 3 ticks on the ES – sure – totally overpriced – LOL πŸ™‚

  • molecool

    You really don't get that? We rats don't have a hierarchical structure – we are all equal. I would prefer to see folks here who are better than me.

  • Douala

    Erikd

    You expect the XLF to rally today?

  • molecool

    One thing my mom told me at early age is that you can't make everyone happy. Actually no matter what you do – in most cases you piss off 50% of the folks around you. Opinions are like assholes – everyone's got one.

  • alphahorn

    I want to punch this market in the face

  • Douala

    You been right so far in all your calls… So I will join you…

  • Smeagol

    When do you expect to close this long position: today or tomorrow?

  • beer_to_whiz

    If we drop a little more on XLF, how much room are you giving the trade (in other words where is your stop).
    TIA

  • BOOTS

    Erikd, you thinking XLF will fill the gap at 8.60, before the next plunge?
    Or is that wishful thinking?

  • molecool

    You promise? I thought I never say that but if I see one more daily down candle I'm going to puke – LOL πŸ™‚

  • standard_and_poor

    Watch behavior of new lows below 750 SPX, may close out a small percentage of puts there
    for higher reload.

  • Insect Overlord

    Gold looks like it might be setting up for a reversal to the downside. But if it does, and if I enter, it'll be quick…never underestimate the bullishness of gold.

    http://screencast.com/t/kslD1nsiOH

  • Erikd

    i expect XLF to hold the 7.35-7.40 level at a minimum today, what will give us the slingshot is the tech sector for an afternoon rally, will comment later towards the close on my position going forward

  • molecool

    What happened now?

  • benji12

    wow. check out the reversal in gold.

  • T. Waffle

    get ready for big green candles on ES

  • MaxPainMan

    i soooooo want to short some /ZG…….
    Mole, can we? Please? huh, huh? can we?

  • BalaB

    Ok. I wasn't sure if you we're telling me to pipe down.

  • http://spnakr007.blogspot.com/ Steve

    C'Mon mole, get yourself together…cheer up, everyday is a good day…there are lots of people out there who are in worse shape than us…F*&^CK those whining freeloaders..

  • beer_to_whiz

    what reversal? GLD is at 97.97 as I type (interesting number).

  • Erikd

    depends on this afternoons rally.. i will hold this position thru today, might take off some profits at the close and let the rest ride into tomorrow, will update later in the day on my position

  • T. Waffle

    Mole,

    Stop kicking poor tree.

  • Erikd

    i see us possibly touching SPX 740 intraday.. but then the slingshot you were expecting friday…

  • BigHouse(Aka Mr Vix)

    Treasury Secretary Timothy Geithner is preparing to release more details of his bank bailout plan early next week, according to a source familiar with the talks. Wasn't he going to come out this week.This guy is a joke.

  • Observer

    3 free months would be great! Are you talking past or future? Again, I ony learned of your site in time to watch it for 6 days. (Actually 5 counting the offline day.)

  • alphahorn

    just losing patience, may have misread this. everyone expecting an oversold bounce, but it could take a day or two to reach the level it needs for a prolonged rally.

  • cme4pif

    Hey Mole;
    I know just what you are talking about, I used to have a software business, I would save my clients thousands of dollars, and would often work late into the night to fix their problems. In the end they expected me to do it all as a public service. That was years ago, people don't change. Another guy I know writes music, talk to him about downloading free music and watch him explode! But you should not get bitter, and don't give up, you just need better customers. Sell a feed from the Zero to a big hedge fund or some trader at Goldman. You could build a reputation by feeding Zero signals to subscribers on Collective 2, or by using it to win a trading contest. Then the big boys will want to talk to you. Also give it time, you have offered the zero for sale for a week now, don't expect a million sales on day one.

    What you should do now, is post everyday the results of the Zero but delayed from Yesterday. If someone new comes to your web site today, they can't see or test the Zero. After they keep seeing the Zero is right, their greed will make them subscribe. But don't expect a pity party here, you offered a free ride and they took it, its up to you to turn it into a fortune. No one felt sorry for me when I shut my business down after 15 years and 1200 clients, and no one was impressed in the days when I made my pile of money. I learned if you want a loyal supporter — get a dog.

    I know some people with money, they could pay for your server, and your pay too, but it will not work. Here is an example; there was once a millionaire in England who wanted to find the next “Beatles”. He ran a contest, kind of an “American Idle” thing. He got it down to one super talented band. He gave them a mansion, and a huge pay check and told them to write something brilliant. For two years they partied by the pool and wrote nothing. They got kicked out, and only when they were starving, did they get off their butts and work at music. After that Supertramp did really well for themselves.

    Mole I don't know your circumstances, but if you are under 35 years old, have no wife or child, no mortgage, then do what I did. Starve and struggle and make it on your own. There is a fortune to be made if you figure it out. But expect neither praise, pity or thanks, you do these things for you. In the end we all play a loan hand.

    If your you are interested I can give you more advice, but not on an open forum.

  • Keirsten

    They're finally coming out to try to defend S1 down here. Pitiful really.

  • BigHouse(Aka Mr Vix)

    obama to speak at 1pm est… What a surprise.

  • Squidman

    Sure wish I had the zero right here!

  • molecool

    NEW POST!

  • Keirsten

    I'd give anything to have just ONE freakin' day without him on TV at this point. This is bordering on the bizarre.

  • molecool

    “I would save my clients thousands of dollars, and would often work late into the night to fix their problems. In the end they expected me to do it all as a public service.”

    I actually use to be a software engineer for 15 years – so, I know exactly what you are talking about.

  • HardTimes

    Dude, it's only $40 and Mole has been talking about this since at least December.

  • yazzer

    Cool – when do you consider the XLF support broken? (We just bounced at 7.32) I have been watching your strategy now for a few days and think you dfinitely may be on to something…

  • Erikd

    when we rally into the close and have 2 hammers in a row on the SPX and we rally up for the coming 5-8 days it will paralyze most to thinking that we pu in a bottom on the SPX… i will reshort at the top at the right time… we have started a new options cycle which means we will chop sideways overall in a range for the next 2 weeks, MM will be taking bets over the next 2 weeks, they will not show there hand in a big way until the last 2 weeks of the cycle.. this is a good BIAS to have whenever a new options cycle start…

  • HardTimes

    I think it's from an e-trade ad…

  • molecool

    Complete joke – are they actually TRYING to crash the market? Maybe their agenda is different than we think – seriously, you could not handle this any worse than this guy.

  • molecool

    Getting close – but not yet. It always takes longer than you think. Let it run up – more downside potential for us to catch.

  • Erikd

    i will consider XLF support broken with a close at the end of today below 7.30

  • standard_and_poor

    http://www.screencast.com/t/tM0ULMcxx
    sorrry, url above not good.

  • yazzer

    cool…thx!

  • standard_and_poor

    Just broke through friday spx low.

  • unSane

    You be the judge

    http://tinyurl.com/cohyv7

  • HungryNewt

    yep and yep

  • molecool

    You should repost this on the new thread. I agree.

  • molecool

    I know – almost wishing Bush back at this point….. ALMOST πŸ˜‰

  • molecool

    Some things you just never get used to – sorry.

  • Lordted

    Is there a new thread somewhere? Site seems to have jamed?

  • DrMalaka

    The worst part about his speaking is that he shows who he really is. Nothing but talk and excuses. Very presidential, keep blaming other people for the situation you are in. That is a man who can inspire confidence. His entire economic team has nothing to do with this mess. His friends in congress have nothing to do with this mess. Enough already.

  • rose2797

    The latest comments are not getting posted

  • WiredPirate

    Eric,

    I think I might be learning something here. Before I saw your post this morning I bought a 25% position in the March 8 XLF calls based on XLF closing the first hour above the line off the Nov-Jan lows that I had drawn on a 60 min chart.

    http://stockcharts.com/h-sc/ui?s=XLF&p=60&yr=0&

    I plan to add after a break of the channel we've been in for the last severall days. Your earlier post said you had your line coming in around 7.40 while mine was at 7.70. I looked back at several of your previos charts and , unless I am mistaken, see that you use both log scale and non log scale charts at different times. If you are using different scales, how do you determine when to use which one?

    I can't tell you how much I appreciate your willingness to share and to teach. I am intentionally developing my trading plan each day and making my first trades of the day before looking at any blogs because I want to be a fisherman and not a leach. Thanks for your previous help and any comments you might have on the attached chart.

  • Lordted

    Short term bottom appears to be in and no one to share it with ….LOL

  • OptionsRMe

    If you don't give a Mole's shiny metal (really?) ass about people whining about the ZERO $39 cost why again do you keep bringing it up? Why are you doing this blog again? C'mon mole wake up, get out of the tunnel vision of coding a ZERO. There were people telling you that they would PAY YOU just to get access to the blog! Hint, hint.

    My comments about the ZERO sale were constructive, not whining, and not complaining about the cost. I offered many ideas to improve the merchandising of the ZERO. Yes, I know that is extremely tough to be absolutely perfect and know everything all the time. I tried it once and it's really not all it's cracked up to be. I found it easier to say, “Oops screwed up. Do over!”

    I'm sure the comments you made at the 10:27AM update will go a real long way into getting more subscribers to the ZERO. Oops, guess you aren't perfect after all. Shiny metal ass may be getting a bit tarnished. Time for a buffing!

    I was one who said I would pay for the ZERO and I'll probably get there, but just cuz' I didn't jump on the purchase the first day it was out is no way to measure annual sales or jump down your friggin' readers throats or go get a tree (hope Greenpeace wasn't watching!)

    When you developed this ZERO did you intend to market this thing when it was done? If so, did you do some sort of market analysis of whether such a thing would sell and at what price? Seems like pretty come business practices to do so.

    What we readers saw was you developing this study, called the Zero, that you put up on your blog and then we watched it morph into various iterations over time. I have to confess I never used the “in development” Zero to make any trades nor have I used the “finished” Zero to do so. Yes, I am certainly intrigued by the Zero, especially when used in conjunction with the Retracement Levels from 2sweeties.

    Here's what I would like to see for the Zero and for the Retracement Level info. I appears as if the Zero is a study you added to Profit Charts (written in Activex?). I am a computer geek, but not a programmer just a hardware, network, operating system, software support type. Since I'm not a programmer I don't know if this can be done, but in programming there's usually always a way to do what you want. Can you write the Zero so that it can be sold as an add-on study to Profit Charts? Yes, I know this would require some sort of code encryption on the add-on so others couldn't rip-off your work. Yes, I know you would have to add some sort of timer to make the thing stop working when the subscription expired. Thinking of subscriptions, how about discount pricing for 3, 6, 9, 12 year purchases? Anyhow, my point is IF the Zero can be added to a users Profit charts (yes, I know not everyone uses profit charts) it would certainly be much more attractive and certainly beats constantly switch over to the Zero web page to see what's happening. Yeah, I know, more work for you, but just tossing out ideas. I would also like 2sweeties to implement their product so the retracements are automatically set in either TOS Charts or Profit Charts. That certainly could be done very easily.

    Yeah, yeah, I know, shut up, go away and don't bother me kid I have to buff my steel ass!

    Good luck Mole!

  • OptionsRMe

    Imeant “months” not “years” subscriptions. Oops, do over!

  • http://tradingperspective.blogspot.com perspective

    What the Fed, the Treasury and the Obama Administration have attempted is to bridle the bucking bronco that has become our capital markets. Although the markets have been under pressure as of late – it has been a direct result of premeditated ambiguity by various government officials towards the savage beast herself.

    Now mind you this type of intervention could not work in most market conditions – i.e this fall. There was far too much selling pressure to be overcome by information or rhetoric. It was man verses nature and we all know who wins that battle. Where we are currently sitting is in the doldrums of the storm. The ship is in tatters, the crew is demoralized and looking for answers and leadership. Mass psychology now becomes either the crews downfall or secret weapon to survival. It is up to their captain to suspend the aroma of certain death and inspire a path towards safety. They just need to believe to survive.

    Let's see if Geithner can earn the markets respect.

  • http://greedangerignorance.blogspot.com DJ

    BOT RUT MAR 09 420 CALL @13.40

  • Merlynn

    Hey Mole hang in there, I am going to sign up for the Zero just 'cause I don't want you giving up on this site. I still don't know how to use it, but I guess I can fgigure that out along thwe way. I figure that I am investing $39 for a great return just from Speculator if nothing else. Come on guys it's $39 tp keep up with Mole's roadmaps and great insight.

  • DoubleNaughtSpy

    NDX is on the brink of collapse…or another insane rally. I'm still long QID.

    http://screencast.com/t/fxeMpVzee

  • bcom

    Thanks for your Commitment to this site. I don't post much but read every post and truly enjoy your hard work. I have turned your site on to a lot of my family members and friends. I hear from them all the time how they appreciate your hard worth with the site as well.

    Thanks for all you do and hang in there.

    Brandon

  • standard_and_poor

    Shorted ES basis 790 SPX, might close it out today, keep you posted, so far so good..

  • cedieke

    now that the zero is for pay, i won't click any adds no more. hope that's ok

  • Douala

    Rats

    Can Zero be used to trade the market in general [non futures] ?

  • standard_and_poor

    BAC puts might present good opportunity for a high risk trade(lotto) watching 3.00 march puts.

  • http://implicittrading.blogspot.com/ BalaB

    Yeah. Take another look at the directions. ex: you can trade the SPYs, Qs, IWM, etc.

  • standard_and_poor

    Just purchased BAC puts, will add more later.

  • rhae

    SPY in wait mode… My general rule, if it is going down , Don't buy it… duh!

    http://screencast.com/t/4bxtsA7kFv

  • Douala

    Thanks.. I will look again…

  • BigHouse(Aka Mr Vix)

    Going long FAS.If SPX goes below Fridays lows i'm out.

  • http://alphahorn.blogspot.com/ alphahorn

    As I expected this is a multi in and out day, i think it's about time to get back in long for another scalp, looking at FAS, BGU

  • the_dark_lord

    Mole….

    I am seriously interested in the Zero. Why dont you keep posting time delayed by a day for free so the rats that are on the fence can be convinced of its worth.

  • http://alphahorn.blogspot.com/ alphahorn

    Just went long STLD AKS,

  • geckoman

    Easy Mole, your talent is sometimes overcome by your ego. Always treat your followers, free loaders or not nice. It doesn't cost you anything.

    Love you buddy!

  • unSane

    Mole, how are you going to attract new subs to the Zero if they can't see it? This seems like a very strange business strategy.

    Why don't you put it on a delay for non subs so at least they can see whether it WOULD have been useful?

  • http://alphahorn.blogspot.com/ alphahorn

    long IPI

  • http://alphahorn.blogspot.com/ alphahorn

    long RIMM

  • http://www.tradingsign.com/ T. Waffle

    bought FAS @ 4.88 to hedge all my position

  • lester

    long Mar $7.5 Calls @ 0.45

  • standard_and_poor

    Will be adding to BAC puts on strategic pull backs.

  • http://greedangerignorance.blogspot.com DJ

    BOT QQQQ APR 09 28 CALL @2.08

  • BigHouse(Aka Mr Vix)

    Bought more FAS. I'm going to fall in love with the upside ZIG ZAG

  • newbie trader

    long time reader, first time commenter πŸ™‚
    just want to say I'm one of those guys with the “$1000 account” and I appreciate all your efforts, mole. I've been learning a lot from you.

  • standard_and_poor

    qqqq may take over xlf's job as leading indicator, watch both mates.

  • jigdaddy

    anybody eyeing the Mar 8 XLF Calls?

  • Observer

    Someone pointed me to the Zero recently. I only got a chance to watch it for about 6 trading sessions, during which it had one small winning trade and 3 or 4 losers (not to mention being completely off line for one full day). I really don't know if it's good or not in such a small sample. You need to consider providing some way for people to try it out in real time for a longer period.

  • http://implicittrading.blogspot.com/ BalaB

    Its been up free for months. You snooze you lose

  • http://implicittrading.blogspot.com/ BalaB

    Bullshit

  • Squidman

    Just a suggestion: It is currently unclear if February's payment is prorated or if it will be 30 days based on sign up date. I know it is minor but it is a basic issue that needs to be addressed. You should also put a header on this page with the link “purchase monthly zero feed”. BTW–I just registered and await confirm to pay regardless. I also believe that those of us who may be successful with the zero going forward will talk it up enough here for marketing–a delayed feed will accomplish little IMO.

  • BOOTS

    MOLE, always remember people want to tug on Supermans cape.
    Is that the best you can do for a smackdown? You are getting soft in your old age, LOL
    Long BGU, FAS, DXO

  • http://greedangerignorance.blogspot.com DJ

    closed eurusd at 1.2744 (50 pips profit), closed usdcad at 1.2502 (28 pips loss). will reenter at better prices.

  • unSane

    I could care less about the Zero, but if Mole wants an income stream then he needs to keep subscribers coming in.

  • lester

    I bought some Mar 7s earlier @ 1.04

  • geckoman

    Just an opinion is all, I could be wrong.

  • Blind_Squirrel

    Pagiing Dr. Bernanke Dr. Geithner. Dr. Bernanke Dr. Geitner, please come to the Emergency room
    Stat!!!!

  • http://implicittrading.blogspot.com/ BalaB

    : )

  • Douala

    molecool

    These people who complain and whine please ignore them. They post behind fake names and pictures and for once in their miserable life they feel powerful and important. If they don't want Zero… “F” them !

  • http://implicittrading.blogspot.com/ BalaB

    Hey Big Guy.
    per our RL conversation
    755 on the /ES still has strong odds for a reversal according to RL because we did NOT close below it.

    *This info is a carry over from last week. Thus I am not in violation of disclosure rules per 2Sweeties.

  • Squidman

    I'm eyeing a bee buh bee buh bee bee fuddled market methinks.

  • ISLDGUY

    Mole, you're fantastically funny. Serious but funny, if that's possible.

    Please don't break your foot on that tree, or maybe make sure it's a small tree. Your writing is really great!

  • http://evilspeculator.com molecool

    I don't expect everyone to like the Zero – but despite my edgy style I have been extremely supportive of my community. At minimum I expect that people respect what I do and don't vent their frustrations onto me.

  • Vic

    Anyone short on GOOG?
    I shorted at the c point (late to the party) and was thinking about covering at d, for a symetrical ab=cd pattern before reloading. Any thoughts??? http://screencast.com/t/Ofoo3BbSMk

  • http://evilspeculator.com molecool

    I KNOW – I must be off today. Don't worry I'll smack you guys around later.

  • http://evilspeculator.com molecool

    Oh, 3 free months wasn't enough?

  • BigHouse(Aka Mr Vix)

    We need another PPT to step in πŸ™‚

  • http://implicittrading.blogspot.com/ BalaB

    A dude takes his time to create something in hopes of benefiting all of us and you come back and say “I could care less” about his efforts.

    Perhaps you should think before you open your mouth.

  • http://acetraders.blogspot.com Nandu Konat

    Bought BBT @ 14.71

  • http://evilspeculator.com molecool

    I think word goes around when something works for people. I'm not to worried about it – maybe I'll offer a free week or so every other month.

  • http://acetraders.blogspot.com Nandu Konat

    Bought DRYS @ 4.05

  • http://evilspeculator.com molecool

    I don't have followers and don't want any either.

  • http://acetraders.blogspot.com Nandu Konat

    Bought DXO @ 2.03

  • willc

    So many people follow your blog now that you can't expect there weren't few bad apples. Your work is appreciated by dominated majority.

  • Chop it up

    disregard sorry – my mistake – had the forex inverted and forgot…..

  • http://implicittrading.blogspot.com/ BalaB

    ?

  • Douala

    molecool

    “I have been extremely supportive of my community. At minimum I expect that people respect what I do and don't vent their frustrations onto me.”

    W E L C O M E … T O… A M E R I C A ! ! !

    Home of the RUDE & the brave……

    [sad but true!]

  • ZigZag

    I'm doing the same…Just don't tell Oscar πŸ™‚

  • rhae

    SPY straw grasper, Spy 1m vwap tagging , 60m horrizontal, my itchy trigger finger remains in a cast, for now…

  • http://outsidethe-cardboard-box.tumblr.com/ TomOfTheNorth

    Perfectly reasonable expectation – and in the few weeks I've been here, you have absolutley been supportive of your community – and an impressive & knowledgeable bunch they are.

  • Keirsten

    Long BGU, TNA, MOS, DRYS, AKS, FAS, short SKF
    So not impressed with the block trades down here yet on S1. Trading for scalps only on the above.

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    Just a pathetic bounce today, imo. and Naz leading lower w breadth firmly neg…makes me wonder why some still looking for a bounce. I guess until the SPX takes out friday's lows??
    …looks ugly again methinks

  • katzo7

    Afterburners kicking in.

  • Insect Overlord

    mole, I've been coming here pretty much since this site started up and the fact that you won't place my trades for me is BULLSHIT. You work hard so I don't have to. (*just in case* — this is a joke, so don't ban me)

  • Insect Overlord

    I'm just extremely distrustful of anything in the market. So many mixed signals I feel like I'm trying to read my wife's mind. I'm largely staying clear for now. I'd like to go long a few issues for my IRA account, but I'm chilling out.

  • de3600

    I was thinking the same thing he has got some balls πŸ™‚

  • Keirsten

    I'm looking for some stats I found last month after options ex about Monday's trading sessions based on Friday's close… will post if I can dig that up again.

  • http://outsidethe-cardboard-box.tumblr.com/ TomOfTheNorth

    new lows of move: NAS, RUS2k
    not there yet: Dow, S&P, Transports, RUS3k – but all closing in

  • de3600

    please no i am long skf

  • Insect Overlord

    Thank you for your posts. IMHO, we all need to do posts like this more. A few of us are good about it and overall we're getting better. But seeing what people are in and what the entered at helps me learn. +1

  • standard_and_poor

    Thanks mate, this is for you:
    http://www.youtube.com/watch?v=M_BHs82Qhp0
    I have a 754.25 spx fib. target myself, thanks for reminding – let's watch.

  • http://alphahorn.blogspot.com/ alphahorn

    steel's having a rough morning huh, just scalped BGZ for a nice trade, hope material stocks rebound here

  • http://implicittrading.blogspot.com/ BalaB

    By chance did you see what I mean about regardless of the odds for a
    Retracement, price will alway dance around the level at least
    briefly. Therefore its always good for a scalp.

  • fuw

    Mole, I'm a silent reader of your blog, and I just want to say how much I appreciate it. Just ignore all the idiots complaining, that is what I try to do in real life as well. Some people always want more, for free, and some are just plain out stupid, but you shouldn't let them get to you. I'm sure that most readers are really grateful for all the work you put into the site.

  • de3600

    Fslr earnings tuesday

  • Keirsten

    I'm with you on that. Me no like this market right here either way.

  • maya

    hi Erikd
    are you out of your XLF longs ?
    thank you

  • standard_and_poor

    Guys I have a 754.5 fib. target for today (thanks Bala B for jostling my wine drenched neurons)
    I'll be taking some profits for reloading at higher prices.See my Monday roadmap for details. If any
    thing changes I'll post if time permits.

  • unSane

    Dude, I've written lots of indicators myself and provided them *for free* to folk on other sites.

    The Zero is a commercial endeavor… why on earth should I care about it? Good luck to Mole and I hope it banks him to cash.

  • bernie

    Echo fuw's comment.

  • http://evilspeculator.com molecool

    I will probably do that every once in a while – good idea.

  • Vic
  • DZZ

    +1

  • http://evilspeculator.com molecool

    It's really a market barometer really – it give you a good idea of what the market sentiment is. Which is actually why I am now pushing towards folks not relying too much on the ETAs and VTAs and trading their own system in conjunction with it.

  • http://evilspeculator.com molecool

    LOL – whatever makes you happy – if you think you're getting a rough deal I'd be happy to reimburse you.

    How about this – I start posting my analysis in response to whatever you guys offer on your end? If you guys want to play a game of tit for tat I can do that as well.

  • BigHouse(Aka Mr Vix)

    Buying more FAS one last time. I hope ErikD's bear doesn't get me. I got no lube.

  • http://evilspeculator.com molecool

    I don't expect people to support the blog by paying for the Zero. If you like it – pay for it – done. If not – fine – I live. What gets me are those wankers who think they deserve to give me shit – without ever making a contribution themselves.

  • Erikd

    XLF holding, excellent risk/reward set-up to go long here, i have a full long position…

  • Keirsten

    You'd think they would. I didn't want to babysit trades today, but looks like that's gonna have to happen. Looks like the $USD might start heading down here shortly which should help our cause. I've been looking for it to at least come down and test the 20 DMA soon.

  • http://www.tradingsign.com/ T. Waffle

    WBT BOT DRYS @3.95

  • standard_and_poor

    Closing ou ES trade here.

  • http://evilspeculator.com molecool

    I know – this completely sucks. I'm getting the feeling we won't get any rally anytime soon.

  • standard_and_poor

    May short ES again later today.

  • lester

    I added to my Mar 7 Calls. 20% position now.

  • http://evilspeculator.com molecool

    You really don't get that? We rats don't have a hierarchical structure – we are all equal. I would prefer to see folks here who are better than me.

  • Douala

    Erikd

    You expect the XLF to rally today?

  • http://evilspeculator.com molecool

    One thing my mom told me at early age is that you can't make everyone happy. Actually no matter what you do – in most cases you piss off 50% of the folks around you. Opinions are like assholes – everyone's got one.

    Anyway, I have given away a lot of SWAG here and the second I ask for a tiny contribution it's like I nuked the blog. Maybe your indicators were worth jack – I write a new one almost every day – doesn't mean you can bank coin with it.

  • Erikd

    i am in with both hands and feet, waiting for the slingshot this afternoon..

  • http://alphahorn.blogspot.com/ alphahorn

    I want to punch this market in the face

  • Douala

    You been right so far in all your calls… So I will join you…

  • adrian_boy

    When do you expect to close this long position: today or tomorrow?

  • http://evilspeculator.com molecool

    If you see me blow up it's not necessarily directed towards the majority. Put the shoe on if it fits – otherwise just ignore.

  • lester

    If we drop a little more on XLF, how much room are you giving the trade (in other words where is your stop).
    TIA

  • BOOTS

    Erikd, you thinking XLF will fill the gap at 8.60, before the next plunge?
    Or is that wishful thinking?

  • http://evilspeculator.com molecool

    You promise? I thought I never say that but if I see one more daily down candle I'm going to puke – LOL πŸ™‚

  • standard_and_poor

    Watch behavior of new lows below 750 SPX, may close out a small percentage of puts there
    for higher reload.
    P.S. Next significant target for me is SPX 702.118

  • Insect Overlord

    Gold looks like it might be setting up for a reversal to the downside. But if it does, and if I enter, it'll be quick…never underestimate the bullishness of gold.

    http://screencast.com/t/kslD1nsiOH

  • Erikd

    i expect XLF to hold the 7.35-7.40 level at a minimum today, what will give us the slingshot is the tech sector for an afternoon rally, will comment later towards the close on my position going forward

  • http://evilspeculator.com molecool

    What happened now?

  • benji12

    wow. check out the reversal in gold.

  • http://www.tradingsign.com/ T. Waffle

    get ready for big green candles on ES

  • MaxPainMan

    i soooooo want to short some /ZG…….
    Mole, can we? Please? huh, huh? can we?

  • http://implicittrading.blogspot.com/ BalaB

    Ok. I wasn't sure if you we're telling me to pipe down.

  • Steve

    C'Mon mole, get yourself together…cheer up, everyday is a good day…there are lots of people out there who are in worse shape than us…F*&^CK those whining freeloaders..

  • lester

    what reversal? GLD is at 97.97 as I type (interesting number).

  • Erikd

    depends on this afternoons rally.. i will hold this position thru today, might take off some profits at the close and let the rest ride into tomorrow, will update later in the day on my position

  • http://www.tradingsign.com/ T. Waffle

    Mole,

    Stop kicking poor tree.

  • Erikd

    i see us possibly touching SPX 740 intraday.. but then the slingshot you were expecting friday…

  • BigHouse(Aka Mr Vix)

    Treasury Secretary Timothy Geithner is preparing to release more details of his bank bailout plan early next week, according to a source familiar with the talks. Wasn't he going to come out this week.This guy is a joke.

  • Observer

    3 free months would be great! Are you talking past or future? Again, I ony learned of your site in time to watch it for 6 days. (Actually 5 counting the offline day.)

  • http://alphahorn.blogspot.com/ alphahorn

    just losing patience, may have misread this. everyone expecting an oversold bounce, but it could take a day or two to reach the level it needs for a prolonged rally.

  • cme4pif

    Hey Mole;
    I know just what you are talking about, I used to have a software business, I would save my clients thousands of dollars, and would often work late into the night to fix their problems. In the end they expected me to do it all as a public service. That was years ago, people don't change. Another guy I know writes music, talk to him about downloading free music and watch him explode! But you should not get bitter, and don't give up, you just need better customers. Sell a feed from the Zero to a big hedge fund or some trader at Goldman. You could build a reputation by feeding Zero signals to subscribers on Collective 2, or by using it to win a trading contest. Then the big boys will want to talk to you. Also give it time, you have offered the zero for sale for a week now, don't expect a million sales on day one.

    What you should do now, is post everyday the results of the Zero but delayed from Yesterday. If someone new comes to your web site today, they can't see or test the Zero. After they keep seeing the Zero is right, their greed will make them subscribe. But don't expect a pity party here, you offered a free ride and they took it, its up to you to turn it into a fortune. No one felt sorry for me when I shut my business down after 15 years and 1200 clients, and no one was impressed in the days when I made my pile of money. I learned if you want a loyal supporter — get a dog.

    I know some people with money, they could pay for your server, and your pay too, but it will not work. Here is an example; there was once a millionaire in England who wanted to find the next “Beatles”. He ran a contest, kind of an “American Idle” thing. He got it down to one super talented band. He gave them a mansion, and a huge pay check and told them to write something brilliant. For two years they partied by the pool and wrote nothing. They got kicked out, and only when they were starving, did they get off their butts and work at music. After that Supertramp did really well for themselves.

    Mole I don't know your circumstances, but if you are under 35 years old, have no wife or child, no mortgage, then do what I did. Starve and struggle and make it on your own. There is a fortune to be made if you figure it out. But expect neither praise, pity or thanks, you do these things for you. In the end we all play a loan hand.

    If your you are interested I can give you more advice, but not on an open forum.

  • Keirsten

    They're finally coming out to try to defend S1 down here. Pitiful really.

  • BigHouse(Aka Mr Vix)

    obama to speak at 1pm est… What a surprise.

  • Squidman

    Sure wish I had the zero right here!

  • http://evilspeculator.com molecool

    NEW POST!

  • Keirsten

    I'd give anything to have just ONE freakin' day without him on TV at this point. This is bordering on the bizarre.

  • http://evilspeculator.com molecool

    “I would save my clients thousands of dollars, and would often work late into the night to fix their problems. In the end they expected me to do it all as a public service.”

    I actually use to be a software engineer for 15 years – so, I know exactly what you are talking about.

  • HardTimes

    Dude, it's only $40 and Mole has been talking about this since at least December.

  • Erikd

    when we rally into the close and have 2 hammers in a row on the SPX and we rally up for the coming 5-8 days it will paralyze most to thinking that we pu in a bottom on the SPX… i will reshort at the top at the right time… we have started a new options cycle which means we will chop sideways overall in a range for the next 2 weeks, MM will be taking bets over the next 2 weeks, they will not show there hand in a big way until the last 2 weeks of the cycle.. this is a good BIAS to have whenever a new options cycle start…

  • HardTimes

    I think it's from an e-trade ad…

  • Squidman

    Humor–buying it ; )

  • http://evilspeculator.com molecool

    Complete joke – are they actually TRYING to crash the market? Maybe their agenda is different than we think – seriously, you could not handle this any worse than this guy.

  • http://evilspeculator.com molecool

    Getting close – but not yet. It always takes longer than you think. Let it run up – more downside potential for us to catch.

  • HardTimes

    Sorry, missed comments below…

  • standard_and_poor

    Just broke through friday spx low.

  • unSane

    You be the judge

    http://tinyurl.com/cohyv7

  • HungryNewt

    yep and yep

  • http://evilspeculator.com molecool

    You should repost this on the new thread. I agree.

  • http://evilspeculator.com molecool

    I know – almost wishing Bush back at this point….. ALMOST πŸ˜‰

  • http://evilspeculator.com molecool

    Some things you just never get used to – sorry.

  • Lordted

    Is there a new thread somewhere? Site seems to have jamed?

  • Publius Federali

    The worst part about his speaking is that he shows who he really is. Nothing but talk and excuses. Very presidential, keep blaming other people for the situation you are in. That is a man who can inspire confidence. His entire economic team has nothing to do with this mess. His friends in congress have nothing to do with this mess. Enough already.

  • rose2797

    The latest comments are not getting posted

  • WiredPirate

    Eric,

    I think I might be learning something here. Before I saw your post this morning I bought a 25% position in the March 8 XLF calls based on XLF closing the first hour above the line off the Nov-Jan lows that I had drawn on a 60 min chart.

    http://stockcharts.com/h-sc/ui?s=XLF&p=60&yr=0&

    I plan to add after a break of the channel we've been in for the last severall days. Your earlier post said you had your line coming in around 7.40 while mine was at 7.70. I looked back at several of your previos charts and , unless I am mistaken, see that you use both log scale and non log scale charts at different times. If you are using different scales, how do you determine when to use which one?

    I can't tell you how much I appreciate your willingness to share and to teach. I am intentionally developing my trading plan each day and making my first trades of the day before looking at any blogs because I want to be a fisherman and not a leach. Thanks for your previous help and any comments you might have on the attached chart.

  • Lordted

    Short term bottom appears to be in and no one to share it with ….LOL

  • OptionsRMe

    If you don't give a Mole's shiny metal (really?) ass about people whining about the ZERO $39 cost why again do you keep bringing it up? Why are you doing this blog again? C'mon mole wake up, get out of the tunnel vision of coding a ZERO. There were people telling you that they would PAY YOU just to get access to the blog! Hint, hint.

    My comments about the ZERO sale were constructive, not whining, and not complaining about the cost. I offered many ideas to improve the merchandising of the ZERO. Yes, I know that is extremely tough to be absolutely perfect and know everything all the time. I tried it once and it's really not all it's cracked up to be. I found it easier to say, “Oops screwed up. Do over!”

    I'm sure the comments you made at the 10:27AM update will go a real long way into getting more subscribers to the ZERO. Oops, guess you aren't perfect after all. Shiny metal ass may be getting a bit tarnished. Time for a buffing!

    I was one who said I would pay for the ZERO and I'll probably get there, but just cuz' I didn't jump on the purchase the first day it was out is no way to measure annual sales or jump down your friggin' readers throats or go get a tree (hope Greenpeace wasn't watching!)

    When you developed this ZERO did you intend to market this thing when it was done? If so, did you do some sort of market analysis of whether such a thing would sell and at what price? Seems like pretty come business practices to do so.

    What we readers saw was you developing this study, called the Zero, that you put up on your blog and then we watched it morph into various iterations over time. I have to confess I never used the “in development” Zero to make any trades nor have I used the “finished” Zero to do so. Yes, I am certainly intrigued by the Zero, especially when used in conjunction with the Retracement Levels from 2sweeties.

    Here's what I would like to see for the Zero and for the Retracement Level info. I appears as if the Zero is a study you added to Profit Charts (written in Activex?). I am a computer geek, but not a programmer just a hardware, network, operating system, software support type. Since I'm not a programmer I don't know if this can be done, but in programming there's usually always a way to do what you want. Can you write the Zero so that it can be sold as an add-on study to Profit Charts? Yes, I know this would require some sort of code encryption on the add-on so others couldn't rip-off your work. Yes, I know you would have to add some sort of timer to make the thing stop working when the subscription expired. Thinking of subscriptions, how about discount pricing for 3, 6, 9, 12 year purchases? Anyhow, my point is IF the Zero can be added to a users Profit charts (yes, I know not everyone uses profit charts) it would certainly be much more attractive and certainly beats constantly switch over to the Zero web page to see what's happening. Yeah, I know, more work for you, but just tossing out ideas. I would also like 2sweeties to implement their product so the retracements are automatically set in either TOS Charts or Profit Charts. That certainly could be done very easily.

    Yeah, yeah, I know, shut up, go away and don't bother me kid I have to buff my steel ass!

    Good luck Mole!

  • OptionsRMe

    Imeant “months” not “years” subscriptions. Oops, do over!