Deja Vu

UPDATE 3:25pm EDT: It seems we might have ourselves a little repeat of yesterday’s nastiness at hand here:

If I count this correctly we just completed Minute {ii} of Minor C of Intermediate (B) of Primary {2}. Which means that we might now embark on {iii} of C which should put an end to all this whipsaw at least for a day or two. You notice that I’m using a lot of conditionals here as this thing could play out a lot more. For instance – we could get a triangle of some sort, which is rare for 2nd waves but not unheard of.

I will post the daily wrap up here below so that folks are going to see the wave count later this evening. Frankly, I’m burned out for today – my brain is fried and I probably will remain quiet until tomorrow morning.

UPDATE 3:57pm EDT: I just updated the chart above as it – well – needed updating. This thing is running on a random generator at this point and I have no fucking idea where we are pointing tomorrow. We might retrace more as part of Minute {ii} of Minor C – or we might be finished with {ii} here and drop into {iii} tomorrow. Your guess is as good as mine – just let this day be over – LOL 🙂

THURSDAY RUB DOWN:

I don’t even want to talk about it – today was BAAA-AAAAD. The best thing I did today was to tell Zero subscribers to stay the fuck out once the signal line on the Lite went completely flat. People were actually emailing me wondering if the indicator was broken. Nope – just no participation and the Sachsons had their fun with the rest of us rats. Nasty – ugly – and I’m glad it’s over.

The PZI somehow squeezed in a long VTA today which actually worked out – strange for sure – probably just luck as this thing was running in random today. I was very tempted to tell evil.rat subscribers to ignore the alerts once I saw the Lite go so flat but followed my own mantra of not messing with the system. HOWEVER, having said that – I obviously have not correlated the Lite with evil.rat and we’ll have to remember today and watch for further occurances of this happening. Maybe down the line we’ll have a special rule – but I would need to see at least five repeats of this before I even think about modifying the current system.

Alright, I had enough for today and will ungraciously bow out and head for the gym. Not a good day for most rats I take it – let’s just chalk it off as a – ahem – learning experience 😉

UPDATE 4:25pm EDT: Some food for thought tonight – please reflect on that:

To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.  – Sun Tzu – The Art of War

If you don’t get it – let me quote disrespekt’s comment from further below:

GS is what, 10% of the NYSE trades? Zerohedge says that they are PL stop running the short quants. I’m hearing all over that SPY, XLF, and other incredibly liquid ETFs are getting hard to find short shares on. Nevermind that the gov is calling physical possession of all its financial and capital injection shares to make them harder to short. The move off the Mar lows was a gov-orchestrated short squeeze but this is squeezing ordinary liquidity out of the markets. We all remember what happened post short-ban. Started seeing no-bid pop up on the weak financial names. If the gov converts preferreds to common and calls those shares too, a lot of names are going to be unshortable. The risk then is high of a complete crash

UPDATE 4:49pm EDT: We probably want to keep an eye on this diagonal:

If we breach that one – which should coincide with the 38.2% fib line of the prior A wave then probabilities are higher that something else is going on. Finally, we must not push past 861.73 – the top of B – as this would change our wave count to a more bullish scenario.

A final thought – and then I promise to leave you rats alone – there is a notable increase in bullish trolls during the past few days. That in turn actually is giving me additional confidence that we will might continue consolidating and touch the 800 mark. That was also the reason why I held on to all my short positions towards the close. Call it a ‘social contrarian indicator’ 🙂

Cheers,

Mole