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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.



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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