The Surf Report

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ground out some profits in the overnight with the short.

(USD) EUR/USD Sell 1,000,000 1.2081 6099.98 3/8/2006

holding here.


still flat in DJIA, stocks and options.


taking the recovery one step at a time.


best wishes,

surfer
 
holding the currency shorts with growing profits protected by trailing stop @ 1.1905.

as VN would say, it's time to take out the canes in equities. i am entering LONG in DIA and SPY around 4 PM today.

see you later!

surfer
 
ok, our long play turned profitable this afternoon. holding longs here.

mean regressing actively trading the eur/usd pair at this time-- profitable so far today--long curently short dollar


best wishes,

surfer
 
Quote from marketsurfer:

... the phrase popularized by VN on his site
More...

popularized? Oh yeah, all the cool kids are using it these days. They're like, Yo, Yo, shizzle ma nizzle, dog, its like time to take out ma cane an bust a cap in this market.

:D

Seriously though, "take out the canes" means being on the buying end of a major panic that happens once in a while. Is that what's happening now?

Hmm... lemme see... Dow +25 pts, other indices flat.

:confused:
 
Quote from Babak:


Seriously though, "take out the canes" means being on the buying end of a major panic that happens once in a while. Is that what's happening now?

Hmm... lemme see... Dow +25 pts, other indices flat.
More...

Yes that's what happened. We had an intraday rally of 100 points. So just the end of day data doesn't tell the whole picture....
 
Pekelo, I think you're missing the point. "taking out the canes" is not about intraday moves. Its about a sustained downmove that takes prices down hard.
 
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