The Surf Report--part 2

Quote from marketsurfer:

Holding OIL short. Flat in SP 500 for now.
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With you on the oil short, S&P is potentially setting up a really nice sell within the next 24 hours as well.
 
Entering next 2 contracts June ES at 1345 short. Tremendous amount of uncertainty borderline fear starting to emerge. Melt down potential is in the air.
 
There is another smaller pattern in the previously mentioned pattern inside that gives similar although slightly different result for the top.

The math is 1323 + 45 = 1368 (SPX)

Chart upon request....

What usually happens, when we have these small pattern in a big pattern formation, that trying to statisfy both, the price ends up somewhere in between.
 
Quote from marketsurfer:

Hold the course shorts..... The selling is yet to come. Surf
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& your stop is located where just in case your 2-top doesn`t work out?........or do you not pay attention to those pesky little variables?

if we bust the 2-top,we`ll see 63/66....which is the first magnet.
 
No stops, I position size properly to withstand wide adverse excursions. If you are over leveraged and like to pay VIG I guess stops are a must, otherwise they are a sign of weakness.
 
Quote from marketsurfer:

No stops, I position size properly to withstand wide adverse excursions. If you are over leveraged and like to pay VIG I guess stops are a must, otherwise they are a sign of weakness.
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Yes, the important thing for you to do is to show the market just how strong you really are. (Cape and stretcher sold separately.)
 
Quote from marketsurfer:

No stops, I position size properly to withstand wide adverse excursions. If you are over leveraged and like to pay VIG I guess stops are a must, otherwise they are a sign of weakness.
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& that is why you will continue to get decimated by large moves against you while you pick up your nickels in front of freight trains & claim victory......1 losing trade will negate your 20 winning nickel trades & have you in the red in a blink of an eye.

carry on,i enjoy your contribution of "live" calls...genuine money on the line or not.
 
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