Surfer Alerts

[marketsurfer]

We are holding the second entry short YM here at a loss-- an attempt to time the intra plunge ebbs and flows without success thus far-- still holding.

Our small dividend paying portfolio is about at even from the start of the journal but producting dividends FSC and EDR

I am growing in confidence that the bottom is in or very close in the the yellow metal----GLD. a bounce back up to the 130 level may be close to happening here--- not entering yet, just watching the macro picture.

surf

 

[justrading]

Some interesting thoughts here.

http://www.futuresmag.com/2013/07/0...m_medium=eNL&utm_campaign=FUT_eNL&_LID=276018

 

[marketsurfer]

Quote from justrading:

Some interesting thoughts here.

http://www.futuresmag.com/2013/07/0...m_medium=eNL&utm_campaign=FUT_eNL&_LID=276018

Yes, thanks. Im pretty much in agreement with the author regarding equity indexes. surf

 

[Trader.Fighter]

Quote from marketsurfer:

Yes, thanks. Im pretty much in agreement with the author regarding equity indexes. surf

The beauty of technical analysis is that it can explain and predict the rational and the irrational.

 

[marketsurfer]

Quote from Trader.Fighter:

The beauty of technical analysis is that it can explain and predict the rational and the irrational.

Huh? TA can illustrate rational and irrational in hindsight. It is great for descriptions but it doesn't predict anything. surf

 

[Redneck]

Well I’ll be a sumbitch… finally you’re getting it

Correct – TA does not predict

TA reflects what has happened… and what IS happening

It is up to the trader to anticipate what may happen next – then act accordingly

RN

Quote from marketsurfer:

Huh? TA doesn't predict anything. surf

 

[Clubber Lang]

Quote from marketsurfer:

I'll bail monday on an up close.

surf

So you're flat now?

 

[marketsurfer]

Quote from Clubber Lang:

So you're flat now?

No, decided to hold. the sell off ending at 12 was quite compelling for me to maintain the position--

 

[Trader.Fighter]

Quote from marketsurfer:

Huh? TA can illustrate rational and irrational in hindsight. It is great for descriptions but it doesn't predict anything. surf

Will respectfully disagree.

 

[marketsurfer]

Quote from Trader.Fighter:

Will respectfully disagree.

ok, cool. That's what makes the market work.

peace, surf