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Boomerang Friday Rub Down
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Boomerang Friday Rub Down

by The MoleAugust 14, 2009

Told ya so – the troops stormed the beaches again at 3:30pm EDT – why change the strategy if it’s working so well every evening? πŸ˜‰

The intra-day action was basically an absence of just that. A nice hint of what was to follow was given to us by the Zero Lite in the form of a nce divergence which I pointed out to my subs. We kept whipsawing and faking around but all that was just the aperitif (look it up) before the entree.

While I’m typing this the futures are back up to 1006. Granted – considering current fair value that’s about 1008 in the SPX – it would take a jump to SPX 1016 to get us back into that channel. Possible that it’s just a head fake – we shall see Monday. I grabbed a few OTM puts at the close – if we bust higher the damage will be pretty limited.

Program Trading Update:

evil.rat/ES: -1.5
evil.rat/NQ: 0
resident.evil/ES: -5.25
resident.evil/NQ: -8.75
geronimo/ES: +2.5

The rat boys and resident.evil are not enjoying the sideways action of the past month. Both need/want a trend and frankly, I cannot wait for fall (literally that is – hehe). Geronimo had its first loser in a long time yesterday and I’m glad it went right back to business today – although that trade took several hours before it finally got to target. Steady does it after all.

Alright – I’m out of here – see you rats Sunday! FYI – Fujisan is on vacation in Japan and won’t be posting this weekend.

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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