Surf's Special Situation Journal
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Quote from Pekelo:
Surf, here is a lesson from Pekelo's School of Fortune telling:
Market is down by 1.5 % right now.... This is how you make money...
Nice call Pekelo!
I was 100% WRONG on this one also---- I don't think we are alone in this, either.
What if he were up 50% on the year before this 6% down month?
Your advice is poor without any other information.
Your advice is poor without any other information.
Thanks. It was actually rather easy. The election prediction was based on Nate Silver's blog. You just have to know whom to listen to. The guy with the non-partisan science and excellent track record.
The reaction was based on history. We basicly repeated 2008. Big rally on election day, even bigger selloff the next 2 days. (35 pts rally, 50-50 pts drop)
Judging by the night's action, there is still more downside left, although we already did -2.7% at the lowest point yesterday.
Friends,
After a lack luster year in the performance category, I will be refraining from speculating for the rest of 2012. That is, unless a true special, cant' miss situation is presented to me, if so I will provide color here on the surf report. I will be traveling extensively and enjoying everything until the second week or so of January. I may or may not be updating my twitter feed with the travels and ideas.
thanks for reading and see you in 2013!
warmly,
surf
After a lack luster year in the performance category, I will be refraining from speculating for the rest of 2012. That is, unless a true special, cant' miss situation is presented to me, if so I will provide color here on the surf report. I will be traveling extensively and enjoying everything until the second week or so of January. I may or may not be updating my twitter feed with the travels and ideas.
thanks for reading and see you in 2013!
warmly,
surf
TA not only tells what is going to happen on the intraday level, it can tell us when an intraday move is the top of the market for a massive move down. That means it will roll right through the timeframes from intraday to daily to weekly to monthly.
This set up was screaming to take the top of the market and hang in there for the ride.
Earlier I pointed out that for all the digital revolution in the market, human psychology drives the market. The rising wedge patterns that were good a hundred years ago are still working perfectly calling for a market drop. Here's 3 of them... how many invites and proofs are needed?
The "elephant" in the chart as I called it (back post), was the real price driver and told us what most likely lay ahead. TA has had a great year and 2013 is going to be the biggest roller coaster ever.
Enjoy
This set up was screaming to take the top of the market and hang in there for the ride.
Earlier I pointed out that for all the digital revolution in the market, human psychology drives the market. The rising wedge patterns that were good a hundred years ago are still working perfectly calling for a market drop. Here's 3 of them... how many invites and proofs are needed?
The "elephant" in the chart as I called it (back post), was the real price driver and told us what most likely lay ahead. TA has had a great year and 2013 is going to be the biggest roller coaster ever.
Enjoy
Quote from Xspurt:
Quote from marketsurfer:
What is your chart telling you about Monday? You TA folks speak in riddles that can easily be interpreted after the fact to mean anything. Please be specific. My Price Drivers are signaling bullish for Monday.
I maintain, once TA shows it, its too late or of negligible value in MOST cases. Enough so to negate the value of such an approach. Clearly, it can be shown in a very small number of circumstances to have value-- such as the daily candle in JCP-- but its not repeatable enough to be of interest.
surf
It is telling you the welcome mat has been replaced by the trap door. It's not talking about Monday, it's talking about now - take profits and reverse short. You hold that short until you get a buy signal and that might be on Monday. It might be in a week or a month as this has the potential to roll through a lot of time frames.
This is a dangerous position to be long imo because of the roll over potential. In any event bank profits, sell short and wait for the buy signal.
Xspurt
Ok, we have doubled down into the Dec YM long at 13497 signals are strong for a bullish monday and next week thus far. enjoy! Surf
Great! I do like the sound of doubling - we got double elephants
Xspurt
(For Oilfxpro, freak and the gang of trolls, Monday comes after Friday as every call I make is hindsight to you)
Funny, yet you are an avid contributor to the surf report?
Marketsurfer's over 1000 twitter followers will likely not miss you.
Surf's Handler-- Mr. C
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