Weightless Wednesday Rub Down

Boy – what a day! If you read my previous post you get an idea what I went through – but I was spot on today – called pretty much every turn since last night.

The PZI was very clean today again – but frankly the real action was over on the Lite. After the fast drop we got a few hours of inimical whipsaw but it soon was clear that we either were painting a bearish flag or that there would be an afternoon suprise in store for us. Based on my POMO post last night my money was on the latter and the playaz didn’t disappoint. I have pointed out where I think most bears watching the Lite should have abandoned their own bias and at least tightened their stops. I started to sound like a broken record but I’m glad I made that call last night and this morning – hope it kept you rats out of trouble.

Program Trading Update:

evil.rat/ES: -10 (two trades – whipsawed)
evil.rat/NQ: -3.75
resident.evil/ES: -10 (two trades – whipsawed)
geronimo/ES: +10 (four trades – all successful)

Okay, the rat bros got whipsawed again – not a big surprise after the fast morning drop and my warnings that we’ll bust higher before the close. They want a real trend (not an infinite overbought condition) desperately and haven’t seen one for a while now.

geronimo probably had its best day yet – and just quoting the points doesn’t really do it justice, I need to post the chart so you guys can see the brilliance in entries/exits today:

I have to say – there is some inherent beauty in this – it’s like geronimo was dancing in sync with those gyrations. Our subscriber base has been growing lately but we had one killer day after the other and considering that interest has been relatively meager. Go figure the mind of the retail trader.

Public Service Announcement:

I’m on twitter now – look for evil_speculator – some asshat took evilspeculator – grrrrr…

Alright, will probably chime in a bit later – worn out now and need to head to the gym.

Cheers,

Mole