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Trippy Tuesday Rub Down
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Trippy Tuesday Rub Down

Trippy Tuesday Rub Down

by The MoleJuly 28, 2009

That was a tricky day but the Zero Lite was kicking ass and taking numbers – observe:

I was pretty quiet throughout the afternoon as the swings were just too sweet to pass up. First I caught that early entry at the open and rode it all the way up – however, some massive selling cut those profits by half plus friggin’ TOS didn’t get me out of my ES contracts despite the fact that it was sitting on my mark for 10 seconds or more. As a sidenote – these games seem to be getting quite annoying – because there was plenty of volume and it was apparent that they were doing *something* nasty there. Can someone verify similar problems? Because if TOS starts playing those games I’ll switch us all over to Infinity Futures or someone else – have zero tolerance for this kind  of crap.

Anyway, then there was that monster divergence later in the day culminating around 2:30pm (a program trading turn time btw). I just HAD to take that one – it was the mother of all divergences (highlighted in orange). I took profits at VWAP and then waited for a long entry which I got in the form of yet another divergence, which I rode into the close. I had hoped for a last off into the last minute which we however didn’t get – too bad.

All in all – if I was paying for the Zero today I would have made my subscriptions for the next six months – great day for me and even my damn puts banked some coin.

Wave count right now has not changed – check out my previous post for what I see on the horizon for tomorrow.

BTW, Silver kind of run off without us today, much to my chagrin. I don’t remember giving authorization on that, so I’ll have to have a word with those boys in the Silver pits. Where’s that early warning you guys promised me? 😉 Well, let’s hope we’ll get one more push up – I am still hoping for 14.5 so I can back up the truck. Whatever you guys do – don’t try to chase this – just don’t – trust me on this.

Cheers,

Mole

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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.
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