Sideways Wednesday Wrap Up

Don’t get your hopes up – I still don’t have my all my gear in Spain allowing me to put together those funky wrap up videos. But today’s Mole signal was spot on and so I decided to just post the final chart:

As you can see the Zero Lite was pretty flat all day – a range below -/+ 1.0 is considered minimal – a range below -/+ 0.5 is considered non participation. Thanks to the improved algo the Mole indicator was however able to nail today’s highs – wonderful entry if you were able to catch it.

The Mole signals (or should I simply call them Zero signals as the Zero is based on the Mole) are a new addition to the team and we are still feeling things out. One lesson we’re learning however is that slow/sideways days like today are great Mole signal candidates – trend days seem to be produce less reliable but still rather impressive Mole signals (i.e. those blue exhaustion arrows).

I’m rather excited about this as this one is doing extremely well given that I just put it together. You may recall that back in 2008/2009 I was configuring the Zero Lite for months until we discovered the perfect settings. Again, your input would be most appreciated. Feel free to post charts in the comment section – instead of all the bitching about market manipulation or politics I humbly suggest that helping to refine the Mole would help us all bank coin via improved scalp entries on the spoos.

See you guys tomorrow.

Cheers,