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Divergent Wednesday Rub Down
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Divergent Wednesday Rub Down

Divergent Wednesday Rub Down

by The MoleJuly 8, 2009

You can say a lot about today’s tape but it for sure wasn’t boring:

Zero Lite’s claim to fame today was the textbook double bottom including a gratutious divergence which I pointed out to my intrepid subs. Which was followed by a massive green monster lift off Houston style. Right now they’re flopping it around the 874 VWAP – if it holds it’ll be a base to launch this into our blue scenario tomorrow morning.

Program Trading Update:

geronimo/ES: -6.5 (early trade went bust – followed by a nice trade in the afternoon)

I’ll chime in a bit later today when I digested today’s tape a bit more.

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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