Magic Seven Tuesday Rub Down

There you have it – seven continuous up days on the DJI and the SPX – that’s almost unheard of. Although I’m ready to crap into my pants the evil side of me is liking it, which is why I added more puts at the close. It felt horribly wrong to do – maybe that’s why they just might work out. Unless of course we get 8 days up, in which I take a rope and shoot myself with it.

Of course the bears were creaming into their pants when we finally started to see some downside today – never mind the fact that it was after a gap at the open. If Zero subs were riding this tape down they got an early alert that we were dealing with yet another bear trap around 1:00pm EDT – I have highlighted the big ass divergence that unfolded as ‘exhibit A’. The remainder of the day was a straight line to the upside.

Program Trading Update:

evil.rat/ES: +2
resident.evil/ES: +6
resident.evil/NQ: -8.75
geronimo/ES: -4.5

Wave count – unchanged – doesn’t matter anyway right now – this tape is going to keep going up until it stops – not much else to it.

BTW, EvilSpeculator has developed a new equities market trading simulator – here’s a snapshot of a test subject in training:

It’s quite realistic actually and we are using it to toughen up new fledgling rats for real time market conditions.

Enjoy your evening 😉

8:55pm EDT: If you have any remaining illusions about the slightest speck of objectivity remaining on CNBC then please watch this character assassination attempt of Neil Barofsky:

I think Mr. Barofsky handled those cheap shots perfectly – good for him. Nice try asshats – you lost this one.

9:09pm EDT: I just went long USD/JPY at 93.53.

12:01am EDT: I just updated the geronimo performance graphs (last two images on the geronimo page) – Eric still owes me the performance stats – should be on the page tomorrow.