The Surf Report--part 2

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!

"We"??

As in sex, are you counting both your left and right hands?
 
We are continuing to ride this solid wave lower after catching the top. The S&P is almost gauranteed to slide to sub 1300 in the not so distant future. Looks like the system finally nailed the BIG ONE.

holding shorts.

surf
 
Quote from improvingstops2:

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.

Thanks--- I wish I could trade in the past, but all I have is my analysis to project the future. I take this business very seriously and understand that paitence is one key to success.
 
Quote from Mike Okistini:

"We"??

As in sex, are you counting both your left and right hands?
I understand your confusion. I think when smurf says "we" he's referring to his belly as well.
Quote from marketsurfer:

I am heading down south to the beach for several weeks or so-- (super pale and super fat, time to get into shape )
 
Quote from marketsurfer:

Continuing to hold short-- the downside may have just begun.

I am betting on it.
I was concerned with this May expiration that we may get a pop to the upside as SPX expires thursday/friday.

And after reading today's 1 liner by smurf, now i'm sure the bias is to the upside into expiration.

smurf--tell us when you get LONG the market, and please quit posting the same 1 liner over and over -- "holding short". Didn't you learn anything from watching gold go from 700 to 1400 while you stated every day, "continuing to hold gold short".
 
I don't mean to be facetious, but I can't understand why you won't play the ranges? There have been ample opportunities to go both short and long over the course of your journal, but you seem to be intent on fighting the market?

Will you hold your shorts all the way up to 1400?
 
Quote from lornz:

I don't mean to be facetious, but I can't understand why you won't play the ranges? There have been ample opportunities to go both short and long over the course of your journal, but you seem to be intent on fighting the market?

Will you hold your shorts all the way up to 1400?

Because I don't live in the past. Only charts and hindsight enable the "range" statements. I live in the now and like it this way.

surf
 
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