Bull Spanking Tuesday Rub Down

What a great day – I’m up 10% in my portfolio and we haven’t even dropped much yet. The bulltarts had to relinquish their coveted 1000 mark – much to their chagrin. Quite frankly – I was very surprised to see only a brief and feeble attempt at painting the tape above the four digit mark. Where exactly is all that POMO cash going? Or will the real action happen overnight again? Inquiring mind would like to know…

Beautiful signal on the Lite today – watch how we breached the zero mark just when the tape started to fall off the plate. After that the signal line remained below the mark for the remainder of the day – I call that a perfect signal – if you were short term bearish you comfortably held all the way into the close for maximum profits.

Program Trading Update:

evil.rat/ES: +5.75
evil.rat/NQ: +12.5
geronimo/ES: +2.5

All three wave counts remain in place – however, after this tape painting attempt just evaporated with a whimper our favorite green scenario is rapidly gaining in probability. Let’s not count our chicken before they’re hatched though –  final confirmation in the form of a 980 breach is still quite a ways away. One day at a time… baby steps – I’m not a in rush, we have plenty of theta to burn until March 😉

And to make this day even more perfect I do have the pleasure to announce that Evil Speculator has now been accepted as an official affiliate of Elliott Wave International. For you noobs – the founder of EWI is Robert Prechter, who also happens to be the author of the Elliott Wave Principal (our bible) as well as Conquer The Crash, which I consider to be required reading for every self respecting stainless steel rat. Robert is also Executive Director of the Socionomics Institute, an independent think-tank whose mission is to develop socionomics as an academic discipline and to promote its commercial application.

Robert is among the few analysts I respect and follow – and I encourage you to sign up to his free newsletter which is a great complement of our own daily analysis here at Evil Speculator.

Finally, here’s a little treat for you rats – I think we all deserve it after six months of suffering:

Enjoy!

Mole