The Surf Report

[marketsurfer]

Quote from inandlong:

For the record, I have my hands so full with individual equity positions and learning some new options strategies that I don't have one nickle in place on an index trade.

So you are the one that deserves the congrats. Just call me chartboy.

ok.


i know some awesome debit spreads if you are interested.

 

[marketsurfer]

we are staying short here in the DJIA. see the attached 60 min chart. the index has not broken the 20 period SMA yet.

short surfer

 

[marketsurfer]

we are continuing to hold shorts in the DJIA at this time.


the system has not recd any signals to close as of yet. will advise when ( if ) we take profits on the trade.

surfer

 

[marketsurfer]

our strategy for the short trade is as follows:

10303 on DJIA we close the trade, going flat and taking profits.

surfer



ps. remember 10303 need to break by the system parameters before closing. its easy when you have nice profits ! LOL !

 

[Baruch]

Quote from marketsurfer:

we are holding shorts here, surfing the healthy down wave.

best,

surfer

Well done, but you was an early bird.

 

[ARogueTrader]

When I asked you if you would enter the trade if you were not in it this morning, you said no.

By staying in the trade, a decision by indecision, you left money on the table.

The hardest question to ask once in a position is:

1. If I weren't in the position, would I enter it now?

2. If I wouldn't enter the position now, what the fuck am I still doing in it?

Quote from marketsurfer:

our strategy for the short trade is as follows:

10303 on DJIA we close the trade, going flat and taking profits.

surfer



ps. remember 10303 need to break by the system parameters before closing. its easy when you have nice profits ! LOL !

 

[marketsurfer]

we are currently FLAT taking profits when the stops were violated today.

that was an awesome wave, will not be trading the system for a bit. awaiting the next clear channel to emerge.....


have a great weekend !!


surfer

 

[marketsurfer]

Quote from marketsurfer:

we are fully anticipating additional downside to sub 10,000 within the next 10 trading days. the studies indicate this to be highly probable. staying short here.

surfer

standing by the above projection.

surfer

 

[marketsurfer]

the DJIA came within 12 (twelve) points of our previous posted projection of sub 10, 000 within 10 days.


attached see a statistical study of what happens after a day of tremendous selling---- 10 to 1 ratio today decliners to advancers.

http://www.stocktracker250.com/documents/Lowry.pdf



surfer

 

[ertrader1]

you know it....today was a good day ....ohh by the way, Rougue showed up about 2 minuets before the bell......and like most ET memebers, starting making calls....LOL.....