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Continuation Friday Wrap Up
18

Continuation Friday Wrap Up

Continuation Friday Wrap Up

by The MoleFebruary 4, 2011

Very little participation today – we did get a few valuable hints on the Zero Lite however:

There’s a bit of a bearish divergence in the morning as we paint that second spike up – not really a strong reading however which is why I didn’t paint it on the chart. The rest of the day pretty much was the same old we’ve come to enjoy since POMO kicked into second gear – VWAP retest on tiny signal, eventual breach and then persistent run up to the top. I wouldn’t say that the ZL predicted new highs today but it definitely kept us from doing anything stupid – like for instance taking any short trades.

Geronimo however managed to squeeze a trade in there – nice entry at the dip and after a tiny scare straight up into the target. That’s the way we like it.

Have a great weekend – I’ll update you guys on the POMO situation on Sunday.

Cheers!

Mole

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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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