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Tiresome Tuesday Rub Down
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Tiresome Tuesday Rub Down

Tiresome Tuesday Rub Down

by The MoleSeptember 29, 2009

Today was just outright annoying – I saw a lot of traders jumping left and right who in the end really didn’t get anywhere. From a bearish perspective this is encouraging but what I liked the most actually was the closing NYSE A/D ratio at 0.932. Quite a contrast from yesterday’s Yom Kippur no volume day 3.77. Maybe there is hope – we’ll know by tomorrow evening.

Zero was being pulled in every direction today – in hindsight it makes sense but I don’t see a lot of tradeable entries except maybe for the pronounced divergence mid day.

Program Trading Update:

evil.rat/ES: +0.75
evil.rat/NQ: -2.5
resident.evil/ES: -6.75
geronimo/ES: -3.5 (one losing trade that pretty much ran most of the day)

I have some good news on the geronimo front. Eric and I were silently running a version of geronimo that actually had two winners and one loser at the end of the day. It would have produced +1.5 in profits today. Nothing to write home about but better than a 3.5 loser, right? We’ll be releasing the new version tomorrow morning and we’ll hope it’ll get you guys slightly better entries.

I might be in touch later with a quick update on the wave count.

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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