I only cheat during Expiration Week
Hey, it rhymes!! No, not on my wife of course – on the market when it’s obvious that some market monkey business is about to transpire:
So, this is what I did today – what the chart does not show is that the Zero temporarily signaled pretty negative at the 11:00am EST candle. This is why I posted a ‘forget the rules and get out’ message to any watching leeches. I rarely do this but today was one of those days when you don’t care about a trend because you will most likely not get one as the market monkeys are busy screwing you six ways to Sunday.
But you rats know that I usually play it by the book – let’s see what would have happened had I waited for the new indecision exit rule to kick in. There you have it – out at 1:00pm sharp as the candle pops up and shows blue dot (whatever color that’s going to wind up being going forward). Loss? A whopping 2.75 ES points – or $137.5. Now, looking at today’s tape – I call that ‘over-performing’ for any automated system.
Just wanted to throw this out there – as I said to one of the new rats in my previous post: If you stick to the rules the Zero will treat you very nicely. Also, it will keep you in the game and prevent you from doing dumb things. I mean – how many of you were ready to short the heck out of this market right at 2:00pm? Exactly – we didn’t go anywhere and the pivot basically held – just like the Zero predicted.
Have a great weekend, my dear rats – I’m completely worn out – having worked non-stop for the past two weeks. I need a break – don’t expect any posts until Sunday when I do the grand weekly forecast (no idea what I’m going to say about this tape but I come up with some b.s.).