Have to agree, being long now would not be a smart move.
Every day since 2 March has been a sad puppy day.
The expected bounce after gap fill has been lacklustre.
https://www.barchart.com/futures/qu...0&sym=YMY00&grid=1&height=500&studyheight=100
Surf Report
- Thread starter marketsurfer
- Start date
- Status
Every day since 2 March has been a sad puppy day.
The expected bounce after gap fill has been lacklustre.
https://www.barchart.com/futures/qu...0&sym=YMY00&grid=1&height=500&studyheight=100
Not if you like catching falling knifes, which I do.
The ridiculous thing from the 'it is an uprend!' camp is that when the price starts heading down they disappear, as they have no idea whether it's a retracement or a start of something major. Only when price goes back up they return, just like hyenas to feed on the leftovers. Everybody that tried knows that it is no easy task to sell highs or buy lows. As far as I am concerned signal for a good selloff is still valid in Naz, will I get stopped out? No idea. Hope not. It's now in the hands of destiny.
Well apparently the other camp knows no better either ROFLMAO.
When it comes to forecasting market oscillations - nobody knows anything for a fact, that's true. You are either right or you are wrong. When you trade you throw in another factor into the mix - a stop, mental or actual, there is still a stop out area, could have forecasted correctly, but failed to benefit due to timing/stop placement. Another factor that attributes to failing equity curves is target placement, etc. List is quite long.
People like Apex82 can be extremely consistent, using huge targets in relation to risks, that's rare, shame he is not around any longer, was an all-round nice chap and a great trader/analyst.
I am not following Surf, never have, probably never will, I follow my own signals. On this occasion, we happen to be expecting the same outcome (sell off before uptrend continuation). But make no mistake - I am not in his 'camp', never have, never will. He mostly posts in a provocative manner and aims to basically entertain folks and he is succeeding, this is obvious going by the participation rate in his journal
Last night I watched The Penguins of Madagascar. I didn't know Surf was in the movie! He played, well, who else, the evil genius Dave, the misunderstood octopus.
If it looks like Surf, if it acts like Surf, hell even his name is ̶S̶u̶r̶f̶ Dave, he must be Surf!
http://villains.wikia.com/wiki/Dave_(Penguins_of_Madagascar)
"Dave was originally one of the top attractions of ̶t̶h̶e̶ ̶C̶e̶n̶t̶r̶a̶l̶ ̶P̶a̶r̶k̶ ̶Z̶o̶o̶ Elitetrader, where he entertained visitors with his ̶c̶l̶e̶v̶e̶r̶ ̶a̶n̶d̶ ̶f̶u̶n̶n̶y̶ ̶t̶r̶i̶c̶k̶s̶ trades. However, when the ̶P̶e̶n̶g̶u̶i̶n̶s̶ other posters arrived, they unknowingly stole all of the attention due to their ̶c̶u̶t̶e̶n̶e̶s̶s̶ profits. Dave was then kicked out and transferred to another ̶z̶o̶o̶ website. The same thing happened again and again and again; ̶p̶e̶n̶g̶u̶i̶n̶s̶ posters getting all the ̶l̶o̶v̶e̶ attention while Dave was shunned and ignored."
Dave just wanted to be loved by the ̶v̶i̶s̶i̶t̶o̶r̶s̶ ̶o̶f̶ ̶t̶h̶e̶ ̶Z̶o̶o̶ Surf Report readers, that is all....
If it looks like Surf, if it acts like Surf, hell even his name is ̶S̶u̶r̶f̶ Dave, he must be Surf!
http://villains.wikia.com/wiki/Dave_(Penguins_of_Madagascar)
"Dave was originally one of the top attractions of ̶t̶h̶e̶ ̶C̶e̶n̶t̶r̶a̶l̶ ̶P̶a̶r̶k̶ ̶Z̶o̶o̶ Elitetrader, where he entertained visitors with his ̶c̶l̶e̶v̶e̶r̶ ̶a̶n̶d̶ ̶f̶u̶n̶n̶y̶ ̶t̶r̶i̶c̶k̶s̶ trades. However, when the ̶P̶e̶n̶g̶u̶i̶n̶s̶ other posters arrived, they unknowingly stole all of the attention due to their ̶c̶u̶t̶e̶n̶e̶s̶s̶ profits. Dave was then kicked out and transferred to another ̶z̶o̶o̶ website. The same thing happened again and again and again; ̶p̶e̶n̶g̶u̶i̶n̶s̶ posters getting all the ̶l̶o̶v̶e̶ attention while Dave was shunned and ignored."
Dave just wanted to be loved by the ̶v̶i̶s̶i̶t̶o̶r̶s̶ ̶o̶f̶ ̶t̶h̶e̶ ̶Z̶o̶o̶ Surf Report readers, that is all....
- Status