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Zero Wrap Up

Zero Wrap Up

by The MoleMarch 4, 2009

Today was a pretty good day for the Zero despite the intra-day whipsaw:

We got a solid long VTA which remained active even through the drop down to 705. I think the addition of the Zero Lite probably helped a lot of folks take profits at the top. If you look carefully you can see another divergence in that the price pushes up once more but the Zero signal is already pointing down. Of course at that point you have to get in right away – and you don’t know if it busts higher. That’s why RLs, fibs, and good old TA (not tits & ass – technical analysis) are helpful in identifying resistance/support zones. And that’s why you step in – the Zero just confirms your position as the signal degrades.

I’ll chime in later today once I pour over my charts a bit more. I think it looks bad for the bulls right now, but this might not have been it just yet.

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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