Down Channel Holding

UPDATE 10:00am EST: Happy Monday rats! We’ve bounced up a bit on Citi 3.0 bailout hype but the down channel remains intact:

I have to say I am disappointed – was hoping for a nice rally allowing me to load up again. I sincerely hope this down drip is not going to continue – I hate buying puts in oversold conditions. Get whacked every time I do that. Where’s all the irrational exuberance? Come on mouth breathers – you can do it!!

Yen just snapped back and is slightly overbought on a very short term basis.

UPDATE 10:27am EST: BTW, Zero is pay for play now. Folks, I saw some emotional posts complaining about that and frankly you can all bite my shiny metal ass.

• If you don’t like the Zero and prefer [fill in free indicator of your choice] – fine – I don’t care.
• If you cannot afford a measly $39 for an indicator that’s used to trade options and ES futures – fine – not my problem. I’m not going to cater this to people with $1000 accounts, sorry. Go back to those indicators and enjoy the riches you are surely raking in. BTW, why are you here again?
• If you are unable to follow simple instructions and cannot get it into your head how a swing above the zero line is bullish and a swing below is bearish – please don’t sign up – because I don’t have time to babysit the mentally challenged.
• If you don’t like the fact that I used PayPal to implement the payment system – fine – then don’t subscribe.

Seriously, I’m getting sick of self entitled freeloaders who come by here and complain about every little thing. Nothing is ever good enough and Mole is now the greedy asshole who’s taking advantage of his rat minions. Maybe I should stop posting forecasts for a month or two and we’ll see if you’re better off without it. Yesterday alone I spent five fucking hours of my Sunday afternoon working on the weekly forecast. And I don’t make a dime off of that.

In that context – ad click rates have followed the SPX lately and thus I don’t bank much coin with those either. From the 133 people who voted for the Zero only 20 signed up (how’s that for conversion). If I add together the amount of time I spent writing on this blog plus the time I spent maintaining the Zero chart, plus the hosting charges for the colo server I’m massively in the hole – even at a McDonald’s branch manager hourly rate. So, before you guys keep whining like little girls keep all that in mind. If you have nothing nice to say or just come here to complain, then just go back to that mysterious blog that gives you spot on trading tips and daily market analysis all for free.

I’m going outside to kick a tree.