Malicious Monday Rub Down
Malicious Monday Rub Down
Jeeezzz – I need a weekend after a day like this:
I think what was important today were not so much the signal gyrations on the Lite (which in my mind were completely worthless) but the fact that its range was extremely thin. Which basically left the door open for a slow controlled melt-up, which is what we got. Not that I used that as a justification to go long – mind you – no sirreee – but at least I wasn’t foolish enough to chase the morning slump.
Program Trading Report:
geronimo/ES: -2 (one bad trade this morning and two good trades in the afternoon)
I’ll be chiming in later this evening with an updated wave count. Want to head to the gym and properly digest this tape a bit more before posting.
Cheers,
Mole