The Surf Report--part 2

Quote from Pekelo:

But look, what I have picked up for beach reading, now that Surf managed to give up all his profits: P.S.: This was the 666th reply in this thread, so I guess I am the devil's advocate.
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Wow, how perfect a contrary indicator is this guy!?..... SPX 1340.58 -16.58
 
Quote from Spooz Top:

Interesting topping formations in metals....gold,silver & platinum...diamond topping patterns have served me very well over the years....locating a conservative entry should prove difficult for those looking to put on their shorts.
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hey spooz could you throw in a chart to show how you see a diamond topping pattern? thank you:)
 
Quote from RichardRimes:

hey spooz could you throw in a chart to show how you see a diamond topping pattern? thank you:)
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Take a look at your daily charts....& draw it out...Gold diamond top is textbook.
 
Quote from Lucrum:

the guy pointing it out. He was down - 132 ES points at one time.
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Right, that's my point -- he was heckling Surf at exactly the moment he should have been getting aboard Surf's wave...
 
Quote from Spooz Top:

Interesting topping formations in metals....gold,silver & platinum...diamond topping patterns have served me very well over the years....locating a conservative entry should prove difficult for those looking to put on their shorts.
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Gold teetering at an apex now....expecting a substantial move here in the next session or two if not today.....1375 target south bound.
 
We are continuing to hold shorts in the SP 500 as stocks post their second week of losses. Broad based selling appears to be indicating that the bull run is OVER. Holding Shorts and going back into the ocean for fishing. Have a great weekend!
 
Quote from marketsurfer:

We are continuing to hold shorts in the SP 500 as stocks post their second week of losses. Broad based selling appears to be indicating that the bull run is OVER. Holding Shorts and going back into the ocean for fishing. Have a great weekend!
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just want to say congratulations on the profit, I did think you could have managed the position better-since it went from approx 1355-1330 3 times at least before this latest drop. However, you're winning, which is what we trade for. Hope the drop escalates for a while and you bank good profits.
 
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