Surf Report

Status
Not open for further replies.
Weak shorts (dumb money) are being shaken out here, panic covering at a loss or at breakeven, these shorts are just adding fuel to the rally

We expect this pattern to continue: heavy buying by smart money while weak shorts are forced to cover

MarketSmurf has said he will be covering his short position at break even.
So he fits this pattern of dumb money pushing the market higher with covering.

We continue to hold our long position.
 
southall said:
Weak shorts (dumb money) are being shaken out here, panic covering at a loss or at breakeven, these shorts are just adding fuel to the rally

We expect this pattern to continue: heavy buying by smart money while weak shorts are forced to cover

Smurf has said he will be covering his short position at break even.
So he fits this pattern of dumb money pushing the market higher with covering.

We continue to hold our long position.
More...


You may prove correct, but my system/quant says different vehemently.

Good luck!

surf
 
MrScalper said:
If I may ask a simple question?

Why are the trades not opened and closed based on what the market is doing?
More...

Longer term conviction... not everyone trades in the same way and with the same timeframe.
In Surf's case, conviction is down about 5% sooner than later... it will depend on how long he will keep the short if we go up further.
 
Status
Not open for further replies.
Back
Top