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Melt Up Monday Rub Down

Melt Up Monday Rub Down

by The MoleNovember 16, 2009

After the overnight ramp up a drop through WVAP was promptly exploited as yet another dip buying opportunity – all averages remain their highly flatulent disposition.

I do see a monster divergence but would warn everyone to not get their hopes up. A drop into the close might have been the start of something bearish but the pattern indicates that more upside may be ahead.

I think I showed you this chart before – we are right at that reversal line again. However, at this stage there is the possibility for a blow off top according to my wave count (previous thread), so be cautious.

Program Trading Update:

resident.evil/ES: +0.75
geronimo/ES: +2.5

I do have a question for all subs and ex-subs: After laboring all weekend I did send out an email to everyone on my list about the progress that was made to turn the Zero into a trading signal further down the line. If you haven’t seen the post – I successfully implemented the Zero Lite in NinjaTrader 7 this weekend. Unfortunately I received only a handful of responses, and I wonder if the majority really cares. So, before I put a lot of time and energy into this, I would encourage you to make yourself heard.



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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