The Surf Report--part 2

[Spooz Top]

Quote from marketsurfer:

4 points to break even. WIthout a radical shift in the price driver matrix, there is no way this market is going to 1250-60 in the next several weeks. It cant.
surf

Famous last words from a guy that has had multiple 100 + handle blow ups....very naive!

price driver matrix & COT deciphered codes sound real sophosticated & exotic....but you do know that you are only fooling a handful of readers here.....not the experienced....let it be known.

GL

 

[Lawrence Chan]

Quote from marketsurfer:

No, this is just a short term, perhaps technically driven bounce--- the downward trajectory will resume. About B/E on the trade now. Price drivers remain exceedingly bearish --- the hammer may slam down shortly......When this happens, your technical models will melt before your eyes....

The 2 to 3 days of bearish bias is now gone from breadth.

Event driven weaknesses from eco #s tomorrow may drive ES as low as last Friday's low, but they can also boost it up to 1200+.

All I can say is good luck and protect your capital with proper money management.

 

[Lawrence Chan]

Quote from Lawrence Chan:

The 2 to 3 days of bearish bias is now gone from breadth.

Event driven weaknesses from eco #s tomorrow may drive ES as low as last Friday's low, but they can also boost it up to 1200+.

All I can say is good luck and protect your capital with proper money management.

Now you get Friday's low pre eco #s.

Would you consider some kind of adjustments to your stop?

 

[marketsurfer]

Yeah! Stayed sleeping soundly last night while the price driver system played itself out with the expected downward slam. The short position is now aprox 22 points in the green and we are expecting further downside.

The driver matrix remains solidly bearish tilted without any change yet. Remember, price is moved by the drivers, price is the effect not the cause--- ( one of the prime mistruths of TA is mixing cause and effect in analysis) that's so obvious, the fixed system price traders and TA cultus are truly blind to the reality of the market and cling to the charts like a holy book---- unreal!

surf

 

[marketsurfer]

Quote from Lawrence Chan:

Now you get Friday's low pre eco #s.

Would you consider some kind of adjustments to your stop?

thank you, Lawrence. Yes, I'll close this position out when the price driver matrix shifts or before it turns into a loss--- there is tremendous pressure on the downside here--but volatility is a given--- exits remain my struggle as I want to take the move for all it has--

surf

 

[SrRuthenate]

This is a perfect time for the exchange owner to make a post with a nice chart signal attached telling us all how he could've, would've, should've gottent short NQ yesterday evening, but that he didn't because he went to sleep. In fact, the post is overdue. Maybe he is sick.

 

[jsp326]

Quote from bwolinsky:

Promise me you'll cover 1,180. That's where the higher low will be before another ratchet up.

Uh, nice call?

Was the price physics out of whack or what?

 

[Spooz Top]

your gamble at R1 paid dividends this time.....good for you....just never say never in this game.

 

[Grandluxe]

Quote from marketsurfer:

Yeah! Stayed sleeping soundly last night while the price driver system played itself out with the expected downward slam. The short position is now aprox 22 points in the green and we are expecting further downside.

The driver matrix remains solidly bearish tilted without any change yet. Remember, price is moved by the drivers, price is the effect not the cause--- ( one of the prime mistruths of TA is mixing cause and effect in analysis) that's so obvious, the fixed system price traders and TA cultus are truly blind to the reality of the market and cling to the charts like a holy book---- unreal!

surf

Thank you for your calls surf. I want to see what TA cultists like B Wolinsky say for themselves in missing such a huge move where your esteemed self has managed to capture by staying true to principles.

 

[jsp326]

Quote from Grandluxe:

Thank you for your calls surf. I want to see what TA cultists like B Wolinsky say

He's strangely silent. Maybe selling his exchange for a few billion this morning?