The Surf Report--part 2

The flexions are holding the SP higher into the close. listening to the tape, I am placing a stop at 1314.25 ES----will re enter when appropriate if stopped out.

surf
 
Some end of day entertainment from my all time favorite pittsburgh band in honor of Pekelo's exact low call on the session: enjoy.....



<iframe title="YouTube video player" width="640" height="390" src="http://www.youtube.com/embed/euLGj3iOl98" frameborder="0" allowfullscreen></iframe>
 
Quote from marketsurfer:

No gloating here. Just stay SHORT the bottom may be a ways a way....
More...



There is a 90% chance we rally huge from 1288 to 1305 area in ES


Is your stop still trailed surf ?
 
Quote from volente_00:

There is a 90% chance we rally huge from 1288 to 1305 area in ES


Is your stop still trailed surf ?
More...


That's possible. No, not a fixed trail but I'll move it when the tape tells me to.

Best,

Surf
 
Surfers, there exists the distinct potential that this is the start of the great unwinding. Do not despair as the super bull will result after the selling is complete. A glance at the charts to gain historic perspective indicates that the SP 500 rests on the 50 day MA. The 200 day MA is all the way down at 1204 and minor support is in 1249 range. Remember, charts are illustrative not predictive and my use is simply for historic perspective.

Anything can happen but I have an inkling that this may be the birth pains of the coming great unwinding . Staying short.

Best,

Surf
 
Quote from marketsurfer:

Surfers, there exists the distinct potential that this is the start of the great unwinding. Do not despair as the super bull will result after the selling is complete. A glance at the charts to gain historic perspective indicates that the SP 500 rests on the 50 day MA. The 200 day MA is all the way down at 1204 and minor support is in 1249 range. Remember, charts are illustrative not predictive and my use is simply for historic perspective.

Anything can happen but I have an inkling that this may be the birth pains of the coming great unwinding

Best,

Surf
More...
Then why would you derive comfort about future prospects from a rearview glance? For someone who does not believe in TA, you certainly place more stock into it than I do.

As an aside, I note that your life is filled with drama, as you only seem to see, and operate in, extremes of one kind or another (the great unwinding, the super bull...).
 
You must log in or register to reply here.
Back
Top