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Tuesday Wrap Up
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Tuesday Wrap Up

Tuesday Wrap Up

by The MoleJanuary 18, 2011

I haven’t done a daily wrap up for a while now and due to the recent format change I think it’s a good idea to chime in about the day whenever I have a chance.

Today’s tape was more of the usual. We started with slightly negative signals on the ZL but as we never made it below VWAP and the ZL signal was gyrating up it was clear where things were heading. At some point we got a tiny negative divergences (see the time line I added) but I put a comment on the chart stating that I think it would stop at VWAP. And that’s exactly what happened: We dropped to VWAP and then bounced up higher instantly.

Decent day for the ZL. The hourly Zero is getting more and more volatile and I think we may be approaching the end of this run up. But then again, I expecte that in the early week of January and today is the 18th already. Thus far it seems the bears are wasting a very important cycle and will pay the price for it.

Geronimo added another notch on its belt today. Textbook entry at the dip shown above on the Zero chart, which strongly hints that it was orchestrated. Got out right at the highs – perfect. As you can see on the chart Geronimo does not stay in a trade until after 3:58pm EDT. I have tested the hell out of this and doing so is a coin flip, not worth the risk.

In that context – I beefed up Geronimo’s tutorial page quite a bit. If you are interested in subscribing or just plain old curious I recommend you read it top to bottom.

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 the usual social media waterholes.
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