Zero Indicator
Now Reading
Hell Week Rub Down
113

Hell Week Rub Down

by The MoleMay 15, 2009

Boy, what a week! I’m glad it’s over as OPEX weeks in my book ranks high in the unpleasant category right next to root canals and prostate examinations.

I don’t know what got into the Zero lately but it’s simply kicking ass and I think the signals above need no explanation. Note that monster divergence at the beginning of today’s tape which was so huge that I didn’t even see it until much later – LOL. Didn’t prevent me from loading up on puts at today’s top however.

Based on the emails I’m getting Zero subscribers are having big time fun and are not taking any prisoners. Seriously, if you can successfully negotiate this type of tape then everything else is starting to be boring. Great show everyone – I’m going to retire now and hit the gym and blind some girls. I’ll be posting my notorious weekly forecast early Sunday afternoon (depending which time zone you’re sitting in).

<Enjoy>

UPDATE 4:45pm EDT: Before I head out, and since it’s free week over at 2sweeties, here’s a little goody I’d like to share:

This is a snapshot of my private version of Zero-RL – something I developed a few months back when the retracement levels (and the Zero) were still available for free. I basically feed the daily RLs into that indicator every night. A proprietary algo I developed correlates the RLs probabilities with the strength of the Zero signal. This allows me to gauge whether or not an RL will most likely be breached. If an RL is ‘breachable’ the dots remain either green or red – if not a blue dot is being painted (as above in the chart). It sometimes breaks during very weak tape as the MMs can bang it either way they want but when there is participation above 1 on the PZI-RL then it almost never fails.

This is something I however cannot share with the rest of you rats as it would be difficult to correlate the two subscription models. BUT it might be worthwhile for you rats to consider an SPX RL subscription so that you can manually correlate it with the Zero. I won’t disclose the algo that I use for mapping but I would be willing to issue a table that shows RL percentages and how they interact with Zero signals.

Cheers,

Mole


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 various social media waterholes below.
  • Count_de_Monee

    It's been real rats.
    Good day all around, I hope for everyone else too.

    Time to go see Angels and Deamons with the Countess. Hope it's as good as it looks.
    Have a great weekend.

  • ZigZag

    Repost:

    Who wants to play “Failed Bank Friday”. I'm gonna say 3.

    http://www.fdic.gov/bank/individual/failed/bank

  • springheel_jack

    Was that a strong negative divergence on the zero lite at the end?

  • Douala

    [Repost from previous page]

    Not sure if this was posted or not. Keep the lights on when you read it!

    http://tinyurl.com/pharr6

    “The Worst Is Yet to Come”: If You're Not Petrified, You're Not Paying Attention

    – “This country is going into a 10-year decline. Living standards will never be the same.”

    – As for all the hullabaloo about the stress tests, he says they were a sham and part of a “con game to get private money to finance these institutions because [Treasury] can't get more money from Congress. It's the ‘greater fool' theory.”

  • alphahorn

    Monday gap down to 782 to finish this wave with a bang!

    http://www.screencast.com/users/alphahorn/folde

  • MikeT

    You meant 872 I assume?

  • Fujisan

    Have a good weekend, everyone! I will make a quick option update tonight before I head out to sunny California.

  • mrclam

    what part of california are you headed to fuji?

  • Fujisan

    Bay area (hope it's sunny!).

  • BalaB

    Looks like the Bear is coming back. See below.

    “Goldman Sachs and JPMorgan Chase may receive government permission as early as next week to pay back the billions in TARP money they received last fall, sources close to both banks told CNBC.”

    They rallied the market for 8 weeks. Sold their shares, earned their trading profits and will now repay the loans.

  • molecool

    Yeah right – don't get your hopes up.

  • lilme

    Bay Area lovely, high's 80's and sunny on Sat and Sun…enjoy.

    Thank you for all your helpful posts.

  • mrclam

    have fun! say hi to TK for us 🙂

  • annamall

    Have a great time Fuji, it's beautiful there when the sun is shinning! 🙂

  • molecool

    Not sure – it looked pretty strange. But it was the last few minutes of OPEX week so I wouldn't read too much into it.

  • alphahorn

    yeah, thanks

  • Fujisan

    You know, any place is better than Seattle when it come to weather.

  • http://tradingsigns.blogspot.com/ T. Waffle

    First red weekly close after 8 BS bullish week.

  • Fujisan

    Yeah, that's right…. he lives in Palo Alto, right?

  • Fujisan

    Thanks, Anna. Have a good weekend!

  • onorio

    today was my first day with zero, and i must say ZERO KICK ASS!!

    After some time reading about others experience with it, i never tough this sh*it was so fuc*ing great, it realy surprise me. I can`t wait to use it next week!

    Other day i read someone said it was having lunch watching zero, i guess i should be next….

  • mrclam

    believe so!

  • TomOfTheNorth

    mole said “…in the unpleasant category right next to root canals and prostate examinations.”

    And definitely not the former after the latter without a glove change……

  • Squidman

    Yeah, I just wish ErikD's diamond confirmation on the Vix had hit, which it didn't. Maybe next week. After all, we should get a few.

  • Squidman

    Pretty slick eh. Have a great weekend!

  • http://tradingsigns.blogspot.com/ T. Waffle

    If we gap down on Monday i will be a buy around 872-870 and ride that baby up to 896-906 area. Start shorting there and micromanage my position.

    If we gap up wait for the 896-906 area and short as much as I can.

    🙂

  • mrclam

    ever been to london? that place is hell!

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

    I like Seattle. I went there twice, and like to go back for the coffee!

  • molecool

    No wonder I got an infection – that guy told me he could do both for a discount. But then again it was in West Hollywood…

  • Fujisan

    Have you been to the “original” starbucks coffee shop at Pikes place market?

  • molecool

    Yeah, East Palo Alto – make sure you are packing. It's a rough neighborhood.

  • TomOfTheNorth

    the chaps & the dog collar shoulda been a major tell….

  • TomOfTheNorth

    I suppose the discount was marketed as a “number twofer”

    ;->

  • katzo7

    East CoasT babe, where it knows what it is. North-when it is summer, it is summer, when it is winter, it is winter.
    And be in Florida in the winter, cannot beat that!

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

    Yes! I hit all of the tourist's traps. I was doing a research on coffee. My favorite coffee shops are Vivace, Victrola, Lighthouse, Zoka. My only regret was not able to visit Hines Public Market Coffee before the greedy landlord torn it down for new condo complex.

    I even drove down to Portland on my second visit to PNW!

    So, are you a coffee person or tea?

  • Dutch

    Gonna have a heat wave this weekend…it'll be warm, low 90's prob. 80's in S.F.

  • Dutch

    Did you go shopping at the Man Mart on Santa Monica..the sign says, “Parking in the Rear”. Too funny.

  • Fujisan

    Oh, everybody in Seattle drinks coffee and I'm totally addicted to it!

  • innatedc

    Ah yeah…let me know how it is….me and missus want to go this weekend……Have a good one Count….

  • innatedc

    Awesome Fuji…..look forward to it….long weekend for us Canadians…..have fun in Cali….

  • katzo7

    TW, I just don't see your 906 gap in the cards. I have to look at the charts this weekend.

  • innatedc

    Good call T. man….

  • katzo7

    Mole, have you been to any strrip joints in the past month because I just read an article that says the percentage of problems resulting from oral surgery increases like 100% if that is the case.

  • http://tradingsigns.blogspot.com/ T. Waffle

    I believe it was Tuesday ES gaped down and 906-905 is the gap fill. Pull up a 5 day trading hours only chart you will see 905 in the cards.

  • Fujisan

    I know! FX rate was terrible and the food was… well, not that good. I was so surprised to find out that people eat lunch at a pub!

  • katzo7

    I remember you and Arak getting stuck awhile ago. Sorry to bring up memories
    from the past but did you see my chart of how chaotic a top can be? Perhaps
    my point is, that we just formed the EW5 top, and IMO put in a EW1 and 2 on
    the downside. It could be argued that th eEW2 is not it yet. But,if the EW3
    gets rolling, look out, a wonder to behold. A little bad news will
    exacerbate it too.

  • BalaB

    Just going over my notes and it looks like I have some mental homework over the weekend to do. Basically the theme of this week was that when I'm banking coin consistently; instead of having a neutral to slightly positive mental acuity, I tend to lean towards negative vibes.

    For ex: IMO, had I not been looking over my shoulder with such frequency (metaphorically speaking,btw) I would have had enough focus so that the morning data feed issues would not have thrown me off track.

    Lighter + Weed + Reviewing Trading Notes = Aimless curiosities by BalaB

  • nummy

    Amen … at 4:20 after the close every trading day, I'm there with you and Mr. Jack Herer.

  • TomOfTheNorth

    Every ting irie, mon!

  • Keirsten

    BTW- there is no FOMC meeting next week, they're just going to release their minutes from April on Wednesday @ 2 PM. Just thought I'd FYI y'all. Hope you see this Mole. 😉

  • mrclam

    all that, plus the weater. hey, its pouring! no, wait, make that its sunny, no, wait, its cloudy, no wait…

    i'd hate to be a weatherman there.

  • katzo7

    I don't know how you can do that stuff and be traders. An TOTN, you out there on that big ranch, isn't there better things to do. Well, gotta go, back to the porn channel.

  • BalaB

    “BUT it might be worthwhile for you rats to consider an SPX RL subscription so that you can manually correlate it with the Zero.” –

    Laugh Snicker Snort.

    That is the basis for the trade Zero / RL Scalp Trade I keep blabbing about.

  • BalaB

    Actually, I feel the same about alcohol.
    -can't stand it.

  • nummy

    A good sativa actually helps me with my trading. Some of my most profitable trades have been from eureka moments while enjoying some nice sativa buds.

  • katzo7

    Really? A nice glass of Chardonney with an Italian dinner? Cannot beat that.

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

    coffee, black? espresso?? ; )

  • BalaB

    You know, I always looks at wine and say, “yeah, that looks like it'd be good” but even a few sips would make me feel horrendous (monster headaches, dry throat).

  • katzo7

    Well, I can see things are changing in society. My comment about porn got zero votes. My comment about drinking (Chardonney) got zero votes.
    Nummy's comment about pot got one vote.
    Bala's comment about weed got 1 vote. I guess drinking and sex are out, getting stoned is in.

  • TomOfTheNorth

    I'm not sure what you're implying katzo. I was just offering a little rastafarian hoo-rah to my buddy BalaB. My body is a temple…..

  • katzo7

    Ohhh, physiological. We will have to ask Doc Squiddy about pot. I have one friend who did a lot of that and went into a mental institution and never came out. Now I am aware that people with problems tend to self medicate with alcohol or drugs, but did the pot the trigger? Or would it have happened anyway?

    I could just see my wife asking, “what are you going to do today”? and me responding, I think I will stay home, get stoned, and play the market. LOL

  • katzo7

    You obviously didn't get the last comment, now me back to my porn channel. A little humor here.
    OK, come clean, I know you are growing the stuff out there on that big spread.
    LOL
    The fishing industry is so regulated in New Bedford, they can only go out so many days, that some of the Portuguese fishermen go out to a “mother ship,” pick up a load and bring it back in, and pay off the loan on their boat with one trip!

  • TomOfTheNorth

    That's a fast way to lose a boat – and pretty much everything else. No, I stay on the right side of the law. I'm a volunteer firefighter in a small community and wouldn't want to put any of my law enforcement friends in the awkward situation of having to choose whether to bust me or let me slide and, if they did arrest me, the potential cost of prosecution remains too high relative to the benefit of a given 'diversion'. Personally though, I think weed should've been legalized a long time ago. It seems ironic that ecomics may be the impetus for legalization now. The tax revenue from growers & users would be astronomical – we'd have a balanced budget inside 10 years. Given the decline in ethanol, it wouldn't surpise me to see the Iowa congressional delegation lead the charge on legalization. As for your porn, just keep it over 18 and you're in the clear……

  • nummy

    Getting “stoned” for “us” is no different than those who enjoy their alcohol or cigarettes.

  • 1981er

    I know I for one will be celebrating this week with a nice Chateauneuf-du-Pape tonight and some fine Bordeaux the rest of the weekend. Kudos to those that can bong out and watch the tape, but it's not for me.

  • katzo7

    Me either.

  • BalaB

    Whoa…I never I was highly WHILE trading. No, no, noooooiiiiiuuuuuuueeeeeeeeee..

  • katzo7

    OK

  • BalaB

    LOL..Nothing like that at all. This job easily consumes 12-15hours per day (easily).

    Some people have a beer after work, I chose something else (which also happens to be healthier.)

  • http://trading-to-win.com/ DavidDT

    point of control for monday /es is around 882.75
    so it is not just about “gap” but also about relation to that price level
    tough week that was
    QQQQ held tdst 33.07
    spy is still in the channel – will be interesting week

  • ZigZag

    Fujisan, we're sorta neighbors..I'm over in Spokane….The weather sucks here too, especially the winters.. 🙂

  • molecool

    Yeah, that and the tight leather outfit he was wearing during the procedure. When I woke up my asshole hurt like hell.

  • molecool

    I wish I could share the Zero-RL with you – I'm sure you would love it.

  • nummy

    i wish pot had a stock.

  • Count_de_Monee

    I was a volunteer firefighter in my late teens. Great experience and so much fun. First time somebody ever died in my arms. Toughens you up whenyou're 16 and you're the last person some unlucky person ever sees again.

    Regarding the weed and the porn. It's all good guys, as long as you don't harm anyone else the law should have no say whatsoever. I guess that's a throwback to my JS Mills readings in university.

    I find it ironic that we are (mostly) law abiding citizens, “afraid” to smoke weed basically because it's against the law, while the f*ckers that actually write those laws are busy selling out the country by the trillions with their law abiding brothers at GS & Co.
    I think we need a better sense of perspective and we have to get our priorities straight (by we I mean the West basically). It's bad to smoke weed, drink, watch porn, whatever but it's OK to screw over the next generations so you can be filthy powerful and rich during your lifetime?

  • katzo7

    We have had IMO an extreme and somewhat unprecedented run to the upside.
    Let's play what if.
    What if extreme optimism is followed by pessimism (look at timing ABCDEs on chart)
    What if the VIX has bottomed
    What if more banks start failing (the moratorium on foreclosures is expiring)
    What if China decides not to buy our debt
    What if the dollar rises
    http://www.screencast.com/users/katzo7/folders/
    Now, I see the weekly pushing down heavily on the daily in the same way I saw the daily push down the 60 min. last week (see that chart). That was perhaps the hardest and the best call I have made. I think there is now a chance that the EWs will fail on the daily, and be reflective of pressure from the weekly. Time will tell.

  • BalaB

    Soon………..Soon……….

  • ASDF123

    Mole,
    I subscribe to both the zero and RLs. Is there no way to correlate something for joint subscribers using credit card #s or e-mail addresses as proof? My biggest problem with the zero is that I'm unsure as to what constitutes a strong signal. I mean, I can tell when it points straight up or down, but the 0.X ones are tricky.

  • Squidman

    Paranoia served us well recently. It takes time to transition but you were on it when things started to change this week. The important thing is to always check yourself with good humor and good will. Humility and the Golden Rule really are all we need. First and foremost, do no harm to thyself or others. But, when they're after you do more harm to them than they can to you.

  • jacksoo

    Hi Katso – excellent calls this week – humour left a few puzzled me thinks but no accounting for taste. Played long and short this week back short at avg 890 ES for now. Still think many in power are in complete denial about severity of this downturn – either that or they're whistling past the graveyard hoping not to spook the great unwashed. Doesn't matter though, I very much doubt they'll be able to continue to manipulate. Question I'm struggling with this weekend is do we get a small bounce Monday (hi 890's maybe) or gap down? What's your thinking?

  • jacksoo

    Just a small sample of some the 'green shoots' news stories coming out of the UK this weekend:

    Companies trim dividends
    Unprecedented cuts of up to 35% will hit pension funds and private investors as an attempt is made to preserve cash

    Home repossessions jump by 50%
    Figure up between January and March as unemployment surge and fall in house prices leaves homeowners vulnerable

    Germany sees record fall in GDP
    Nation now the ‘sick man of Europe’ as it drags the eurozone economy to a slump of 2.5%, due to decline in manufacturing

  • Fujisan

    Hi, ZZ, it's nice to know such a high technitian like you live close. It's a nice city. I have been there a couple of times before – although it snows a lot during the winter.

  • Fujisan

    Grande Latte~

  • BalaB

    Squidy Baby!

  • Count_de_Monee

    THC

  • http://www.oxyinvestor.com oxyinvestor
  • http://www.bostonwealth.net bostonwealth

    Smart/Dumb Money Indicator posted last weekend worked
    perfectly this week!

    http://tinyurl.com/ptvh46

    That TED spread has sure gone down!
    http://tinyurl.com/o36vwg

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

    it is okay…I don't judge… : )

  • jacksoo

    Good article at MarketWatch re myth of buy and hold. I'd add to this that the biggest sales scam of all time started in the late 80's when Govs realized they could no way support pension/401k requirements of populace and thus promoted mkt investment vehicles. Truth be known I'd suspect for most people to secure a reasonable retirement amount, given huge mkt gyrations over a 30yr or so period, they need to save/invest a 1/3 of their income – unpalatable/unliklely for majority of folk. We've been sold a pup – Govs trying to avoid massive taxation to provide for pensioners yet to come, finance companies reaping whirlwind profits (excessively decreasing growth potential even further through bonuses) and mom&pop thinking they'll be OK in retirement – not a chance. Numbers/probability always stacked against the positive result – Govs trying to unscramble the eggs by kicking starting the same economic charade that's got us into this mess – I doubt this will end well.

    http://www.marketwatch.com/story/stocks-losing-

  • Fujisan

    Yum~~

  • katzo7

    You are putting me on the spot here Jacksoo. Let's discuss the puzzling humor first. If the real is so outrageous that no one would believe it if it was made up, then I invent the unreal so it can be believable. The noise from our Gov. is defening, plug your ears.

    As far as the beginning of the day on Monday, very reluctant to specifically call it because chart-wise it is unclear. We ended in no man's land. But it is the bigger picture which becomes primary in importance (again my above analysis). All of the evils perpetrated by others (your article) will show up at our door one fine day. The chess game progresses. We have just witnessed masterful finesse of the gov., the red pieces, to make the unreal real. Red pawns are obscuring what the rest are up to. Back row is in hiding.

    Some on the black team have been badly caught too far out, are being punished by gapper Monday. Will there be any chance of a black escape? Now it is our turn to make a move. Everything is set up, find the right square.

  • Chop it up

    Legalizing Pot – Bad idea. Legalizing Pot to earn tax revenue – Typical stupid “idea of convenience…

    I smoked a lot of pot in my earlier years. A lot. Its fun, its a (way way) better high than alcohol. I believe its not addictive. Even though its not good for you – its probably not as bad for you as alcohol is. Its organic – its a plant.

    So whats the problem with legalizing pot?
    Simply said “More so than any other drug (including alcohol) pot is a gateway drug. This doesn't mean that everyone or even a majority who use pot will move on to harder drugs, but show me a reasonable sampling of people who use LSD, Heroin, Crack, Cocaine who didn't start with smoking joints. Oh yeah don't f*&^*ing point out that most of those people started with alcohol. Being a regular Alcohol drinker DOES NOT give you the confidence to try harder drugs. How many people do you know who went from alcohol to cocaine – vs pot to cocaine.

    Regular pot smoking – beside being bad for you – deceivingly demystifies the idea of using harder drugs. Pot is a stepping stone – not for everybody but for enough people to make a difference.

    NO to legalizing Pot – find some other idea to balance the budget – like maybe spend fucking less and prosecute the pricks that put us in the situation that we are in………

  • katzo7

    Answer to above is right here.
    http://www.screencast.com/users/katzo7/folders/
    Checkmate!

  • BalaB

    That's very, very comforting.

    ; – (

  • C's & 3's

    When an individual comes home from work, fires up a fatty, and watches the tube, whose rights are being violated? If the answer is no one, then the state the state has no interest in that activity.

    If that same individual gets in his car and drives afterwards, its already a crime.

    Why post this here?

  • malusDiaz

    So Here's a project i've been working on, 10 days grind!

    http://tinyurl.com/qprbup

    (LISP it up!)

  • guitarlover

    I actually did pretty well with May straddles I bought today on Google, which was surprising since it was between 192 and 190 all day pretty much. The key for these expiration day straddles is to get in and out quickly not to let time decay take over. I thought about getting back in during the afternoon, but that thing was sooo pinned around the 190 strike area. Selling 190 straddles and holding to close would have worked super later today or even calenders at the 190 strike and holding until close. (But if it migrated toward the next strike, you would get burnt badly on it.)

  • http://forkoholic.com Forkoholic

    Escaping the fork, saga continues Elliott Wave Forkology Update May 15th

    Today SPX was trying to escape the fork, and made a run for it in the morning. SWAT Team was dispatched and heavy battle begun but resolved fairly quickly. We did cross red warning line setup yesterday, but it was not meant to be and we returned back to the fork's upper line(under arrest in handcuffs). Spent the rest of the day(in jail) following fork's upper line down with some bounce at eod. This is typical for corrective price action.

    Looking at daily SPX we can suggest a run to 840-860 area if it is zig-zag down or we can stay in 870-900ish area if it is flat correction. This potentially could be a triangle as well.

    And now the fun part! Our resent poll indicated completely devastating illiteracy of trading public about Elliott Wave Theory as you can see as many at 49% don't even know what it is 🙂 lol Interesting how gurus at EWI would answer this question. Anyway majority believes it is less than 50% when both Wave A and C are impulsive in an ABC correction. But disturbingly 11% believes it is over 85%. So the question remains for statistical researcher – in actuallity what's the answer to that question. My guess it should be less than 25%

    As many readers remember our proprietary $NYMO-based cyclical model, which started around beginning of this Bear market in 2007 is still functioning well. Although we already experienced 2 shifts in the cycle bottoms we still use it til it breakes. It clearly rolled over and we're for a journey to some sort of a low at around mid June to late July early August timeframe, considering cycle shifts. The only problem we see is STO and MACD is already very close to bottoming levels.
    http://forkoholic.spaces.live.com

  • jacksoo

    Agree – the biggest acts of the preposterous are often most believed because
    after all, they couldn't make this stuff up, right!? The fine art of
    propaganda and persuasion of the masses (hate to say manipulation) is still
    alive and well – we do but dance around the elephants in the room.

  • Fujisan

    NEW POST!

  • jacksoo

    Great article by Ambrose Evans-Pritchard WORTH A READ

    Enjoy the rally while it lasts – but expect to take a sucker punch.
    http://www.telegraph.co.uk/finance/comment/ambr

  • katzo7

    Nicely put. Very poetic. I can see I have a phraseology competition. And you
    are right, we are not allowed to use the word manipulation any more. What is
    not understood by the spin artists is that when the genie was let out of the
    bottle it will only go back in willingly. To put it crudely, we are in for a
    shit storm. At this point, from what I can see is that after a summer of
    free love and flower power, the militia will show up in the fall and strip
    us of our tie dye shirts. Haight Ashbury will turn into Hate Ashbury. The
    haves and the have nots will become more equal. This will effect all. The
    pervasiveness of America is slowly diminishing, from its cars to its TV
    shows which filter into mostly every living room in the world. We are
    witnessing a major societal change. America the great moves to America the
    so-so. But like chess, this will take some time. Under the auspices of some,
    the greedy bankers placed their pawns, now it is time for the Builders and
    the Bergers (get it?) to finish the game.
    http://www.youtube.com/watch?v=YIkoSPqjaU4

  • katzo7

    Nice find Jackoo.

  • annamall

    Hi GMan you mean 390 not 190 don't you?

  • Squidman

    Seems your mind is made up, so. I could care less how many derelicts whither on crack or crystal or anything else. People will self-destruct regardless and your argument that availability is cause is flawed. There has never been an external force in history that can change a persons will. You are in fact living proof against your argument.

  • Squidman

    JS Mills was really the last one I felt I needed to read. Simple, effective.

  • guitarlover

    Exactly Anna! Thanks for pointing that out.

  • annamall

    Welcome 🙂 PS Wish it was in 100's and not the almost 400's

  • Earl of Subway

    I'm still collecting lessons learned regarding the Zeros. First lesson: may not be a great idea entering the day stock heavy with no plan other than feeding off the Zeros for what to do next. In today's learning lesson, my info from Zero-Lite was frozen in time due to a problem with TOS. Also frozen in time was any idea of what to do with all my shorts.

    I had too many shorts because of a clever plan to bid low after hours the evening before, bidding on a hand full of ETFs expecting to get maybe none, or some, but certainly not all of my bids. Of course, got them all. Note to self: trying bidding lower.

    My reaction to running blind was to hang in there, but that collapsed when the market started to move against me. I sold everything in a panic. I then bought everything back at a slightly better price after checking with the folks here, who were holding on to their shorts.

    Then there was that monster market drop where I made all my money for the day. I sold everything at the very bottom of that long tail of red bars. At that time, Zero-Lite was showing numbers like -3.74, which I interpreted as a blow off daily bottom. Mole has never, to my knowledge, suggested selling in that situation — but I was thrilled to have gone from a panic losing sale to a moderate gain.

    The rest of the day I watched Zero-Lite confirm that Mole was right, and I was wrong to sell so early. There was a bit of a rally at the close, and I bought back some of what I sold after hours, again at slightly lower prices than I sold at. I would have done about the same had I just gone fishing all day, but you never know.

    I had a mess of emails regarding Evil.rat, many of them alerts. All my Evil.rat trades have been money makers, but I don't always take them, and with all the warnings from Mole about how today could be weird, I was not tempted.

  • Count_de_Monee

    Well it wasn't bad. A little over the top at times but definitely worth it for a night out with the wife.
    And it made me nostalgic of my trips to rome.

  • innatedc

    Thanks Count we are going tonite….

  • Count_de_Monee

    Well it wasn't bad. A little over the top at times but definitely worth it for a night out with the wife.
    And it made me nostalgic of my trips to rome.

  • innatedc

    Thanks Count we are going tonite….