Ramp-O-Mania Tuesday Rub Down

My little weather report I posted last night was spot on – unfortunately:

There’s the early morning drop to lure in a few more bears – and then watch the POMO cash being levered and deployed as evidenced in price and signal strength on the Zero Lite.

I added more puts towards the close today – but don’t do what I do as I’m crazy like that and my bearish disposition approaches the demented. If you can’t take the pain wait for a reliable signal that P3 is in session – there is no way to reliably call a top on this thing. Blow off tops have a nasty habit of pushing way beyond what you thought would be your max pain threshold.

Program Trading Update:

geronimo/ES: +5 (two for two again – perfect)

While I’m on the subject – Eric (who’s the bean counter for geronimo) sent me those stats a few days ago:

Those are freaking insane if you ask me. What I cannot figure out is why not more of you guys are using this thing – it’s accurate 9 out of 10 times. Do you guys enjoy blowing your coin on discretionary trades? Okay, please let me know who of you wins 9 out of 10 times scalping the ES futures? Because if you do I’ll put electrodes on your brain and turn you into a ‘pink box’ trading system.

That’s all I have for you rats today – as you know I’m waiting for 1060 minimum before I deploy the remainder of my cash – maybe I get lucky and we push into 1080 quickly in some sort of retail trader feeding frenzy.

5:10pm EDT: Bonus chart – courtesy of a great post by Daneric:

Recreated here on stockcharts – if you want to check this yourself.

Gets along great with my A/D ratio chart 🙂

Cheers,

Mole