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Rollercoaster Thursday Rub Down
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Rollercoaster Thursday Rub Down

Rollercoaster Thursday Rub Down

by The MoleOctober 8, 2009

Pretty decent Zero day but I’m still dizzy from the double loop they put us through today:

There was a notable bullish divergence that resolved but didn’t really lead anywhere. Otherwise, frankly – I don’t know what to say – it was a pain in the ass day and I was glad to hear the bell. I was getting frustrated and I don’t even have money in the market right now – LOL 🙂

Wave count has not changed as of now – this could be the start of a series of 2nd waves within Minute wave {iii}, i.e. {i}-{ii}-(i)-(ii)…, as it’s a bit early for a third wave to stop right here. But I have only very few candidates on the table right now and none of them look very convincing. Which is why I’m out of the market right now and continue to solely focus on scalping.

Program Trading Update:

geronimo/ES: -2 (for a first short trade, gone horribly wrong – kidding, it actually dropped back into the close so we got out easy – however I told folks to get out somewhere between 1062 and 1066, based on email delivery – so it could have been as bad as -7).

Now as a bit of a moral booster here’s a brand spanking new Rammstein single – no XXX content this time, so crank it up!

Cheers,

Mole

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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