Tuesday Zero Wrap Up

This was almost a perfect day for the Zero:

Had it not been for that damn TOS problem this morning – grrrr.. But once we were up and running again it gave us the mental fortitude to remain in long positions into the close. However, do note the divergence on the Zero Lite – we remained in positive territory but it’s shrinking. This may be a precursor to Minute {b} of Minor 4 – although it’s a bit early in the game. I frankly don’t expect Intermediate (4) to be done and over in 2 days. But we remain open minded as there has been much pent up buying momentum which may release quickly as the bears are taking a step to the sidelines. Also note the nice short VTA yesterday – it more than made up for a whipsaw early in the morning.

This is a possible scenario for the remainder of the week. I would like to see a nice clean {b} wave followed by a push into 740. You rats know the drill from here. One last chance to grab some puts and ride this Primary wave to the bottom.

I would however like to issue a little warning: It is possible that we will not see a very long and extended Minor 5 wave – it’s even possible we’ll see some kind of truncation as I think that 3 of (5) has consumed a lot of the momentum. So, I don’t expect us to necessarily drop into the 630 range – it’s a possibility but not a necessity. At this stage of the game we should not be too concerned about the downside anymore – we should start thinking about the long side.

Here’s an exercise for you rats: Take a look ‘around’ and note the symbols which participated strongly in today’s push up. These are our candidates for the onset of Primary wave {2} of c – those will be the ones which will print much dinero. I’m heading to the gym now for some much needed stress relief – by the time I come back I would like to see some charts and symbols – paleeeezzze!!

Cheers,

Mole

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