Hamburger Meat

I actually caught up with the bears today – here’s a snap shot of their hibernation facility:

Seriously now – as you might have noticed I have been pretty quiet as of late as there really is not much to say at this stage. The bears might show up one day but it’s not been at 900, 950, or 1000. Green candles rule the day and we will keep going up until we stop going up – i.e. until they run out of the last buyer, which also means until the bulls start taking profits. Thus far it’s not happening and maybe it won’t for quite a while.

What was quite apparent today was the slightly shifted ‘zero line’ on the Zero Lite. See how we seemed to always have those fake drops below the zero mark but at around 0.25 we turned up every time – keeping the signal solidly in positive territory all day. Which is why I did NOT add more puts at 1000 – at this time attempting to call a top is extremely dangerous (and costly). One might surmize that the tape will drop once the bears have capitulated – but that happened over a week ago, so that theory goes out of the window right along with any momentum indicators.

Program Trading Report:

evil.rat/ES: +7.5
evil.rat/NQ: +10.25
resident.evil/NQ: -8.75 (stopped out by one tick at the bottom – grrr)
geronimo/ES: +2 (Officially one winner and one loser by half a point – but the last trade would have turned into a winner by the time subs got the alert to close out. But we do only report official stats)

Cheers,

Mole