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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

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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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