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Better Late Than Never
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Better Late Than Never

Better Late Than Never

by The MoleJune 5, 2009

10:30am EDT: I would have posted this a lot earlier as I was actually scalping some futures in the first hour. However TOS decided to become unresponsive and I had to completely reboot my entire box, which always turns into a 30 minute adventure, considering everything that needs to be launched.

We had a helping of Soylent Green for breakfast and it appears that we completed {iv} of A at the morning spike. We are now descending into what looks like a developing B wave. However, there are other scenarios that come to mind.

FYI – I just received a long scalp alert from Geronimo – so if you are swing trading or scalping – watch out.

10:35am EDT: Never mind that warning – the scalp just closed out – successfully of course 😉

10:46pm EDT: I don’t like the pattern here at all – also the momo/participation looks off. Thus I had to squeeze my brain to come up with an alternative count – please see the updated chart above.

Green would indicate that we completed B yesterday at Wednesday’s low and are now pushing higher into who knows where. I have marked the respective inflection points on the chart. Sorry for the correction but the situation is fluid and once I got all my charts up and running blue looked less clear to me.

12:02pm EDT: All the whipsawing notwithstanding – we are still basically inside the same channel:

Be patient – don’t force yourselves into trades because you think you have to do something. If you feel the need for speed, follow this friendly channel guide.

I hope 80 holds on the ole’ buck – that oughta put some pressure on equities and prescious metals.

Yowwzers!! I didn’t even see this until now!! This is huge news – for that resistance line to break basically just opened the flood gates. Bond market dislocation – here we come! Guess what – the value of your house just dropped by a few more percentage points. How are you liking them apples, Curly?

12:35pm EDT: Geronimo just completed its 2nd successful scalp. BTW, I made a lot of progress on the notification module. Still have one little bug to resolve with the trailing stop logic but I’m getting there.

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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