Monday Prostate Exam Rub Down

If you were short from last Friday you probably didn’t have a lot of fun today:

In retrospect I feel like an idiot holding short ahead of a long weekend – and I paid dearly for it. Zero had a brilliant day in that it never dropped below the zero mark long enough for it to stick. What actually kept in the game all day was the continuousy dropping signal in contrast with a rapidly advancing price channel. In combination with that obvious divergence my short term MACD was dropping steadily all day since about 900 while prices moved up. Breadth ratio was insanely bullish with intra-day readings on the SPX holding steady around 11:1 advancing.

I have to tell you rats – I’m not liking this any bit – this could very easily turn into the Green Waldo sometime tomorrow. I have little doubt that they’ll push this thing towards 915 even if we wind up getting Blue Waldo – so prepare yourself for more pain.

BTW – evil.rat and resident.evil had another great day – which cracks me up since it’s been doing great now since about 40% of the subs jumped ship due to a small draw down last month (check the updated charts). I kept talking about all that through May at the risk of sounding like a broken record, but it seems a lot of the rats who gave up were small timers who don’t really know a first thing about trading.

Alright, I need to administer an X-large application of glycerine cream where it hurts the most – catch you later rats.