Now Reading
Divergent Wednesday Rub Down
106

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.

Sign up here to receive my FREE early morning briefing:

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator