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Malicious Monday Rub Down
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Malicious Monday Rub Down

Malicious Monday Rub Down

by The MoleJuly 6, 2009

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

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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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