The Surf Report

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The 12k break could be dramatic....i.e. down 400-500 to 11500/600 very quickly. Interestingly, those are major support levels. If we EVER get a drop in crude oil, there could be a substantial short-term rally off of those levels.
 
Quote from syswizard:

The 12k break could be dramatic....i.e. down 400-500 to 11500/600 very quickly. Interestingly, those are major support levels. If we EVER get a drop in crude oil, there could be a substantial short-term rally off of those levels.
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yes, i agree. sub 12k is possible today.

surf
 
Quote from marketsurfer:

brothers and sister, we are starting the countdown to sub 12k in the DJIA. Looks close, very close.....

hold the course.


Rev surf
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For me the YM support levels that are critical for me are 11671, 11652, 11634 & especially and finally 11456. For me a price of 11449 triggers the beginning of a new medium term Bear Trend.
 
Quote from ProfLogic:

For me the YM support levels that are critical for me are 11671, 11652, 11634 & especially and finally 11456. For me a price of 11449 triggers the beginning of a new medium term Bear Trend.
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yeah, makes sense. do you have a long term target for the DJIA?

thanks, surf
 
Quote from marketsurfer:

yeah, makes sense. do you have a long term target for the DJIA?

thanks, surf
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For me targets change in real-time.
Currently the range is 13140 & current support at 11993. I've been short since May 21st and have a current stop just above 12353. As long as we continue to make oscillation LL's, I'll hang on to my Shorts.
 
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