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I only cheat during Expiration Week
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I only cheat during Expiration Week

I only cheat during Expiration Week

by The MoleDecember 19, 2008

Hey, it rhymes!! No, not on my wife of course – on the market when it’s obvious that some market monkey business is about to transpire:

So, this is what I did today – what the chart does not show is that the Zero temporarily signaled pretty negative at the 11:00am EST candle. This is why I posted a ‘forget the rules and get out’ message to any watching leeches. I rarely do this but today was one of those days when you don’t care about a trend because you will most likely not get one as the market monkeys are busy screwing you six ways to Sunday.

But you rats know that I usually play it by the book – let’s see what would have happened had I waited for the new indecision exit rule to kick in. There you have it – out at 1:00pm sharp as the candle pops up and shows blue dot (whatever color that’s going to wind up being going forward). Loss? A whopping 2.75 ES points – or $137.5. Now, looking at today’s tape – I call that ‘over-performing’ for any automated system.

Just wanted to throw this out there – as I said to one of the new rats in my previous post: If you stick to the rules the Zero will treat you very nicely. Also, it will keep you in the game and prevent you from doing dumb things. I mean – how many of you were ready to short the heck out of this market right at 2:00pm? Exactly – we didn’t go anywhere and the pivot basically held – just like the Zero predicted.

Have a great weekend, my dear rats – I’m completely worn out – having worked non-stop for the past two weeks. I need a break – don’t expect any posts until Sunday when I do the grand weekly forecast (no idea what I’m going to say about this tape but I come up with some b.s.).

Cheers!

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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