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Death Knell Thursday Rub Down

Death Knell Thursday Rub Down

by The MoleJuly 16, 2009

Alright, this was the wong month to quit sniffing glue:

What’s most notable on this chart is not the signals we’ve been seeing but the ones we haven’t – which are sub zero signals on the Lite. Make no mistake – the bulls are in full control – and at this stage I even wonder if we’re going to consolidate before 960. Yes yes – I’m still in my puts and even loaded up on some more – but I’m crazy like that, so don’t do what I do please. I for one know how to manage my assets – some of you (ahem) seem to always be betting the farm.

Program Trading Report:

geronimo/ES: + 0.5 (one good trade – one bad, which ran out of time at the bell)

I have not much to add regarding my wave count – 937 has been breached so the best we can hope for is some kind of retracement allowing us to walk away with bruises instead of severed testicles.

If you lost money – don’t beat yourself up psychologically. I hope you were smart enough to play it small and not blow your load on this Primary {2} bear meat grinder. Remember, the big reward will come later this summer or early fall.

Now off to the gym with me for some much needed stress relief.

4:32pm EDT: Not that it’s any consolation but anyway:

Why can’t I be this evil? Damn it!!

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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