The Surf Report

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surf stock pick:

here is an idea that came across my desk yesterday afternoon.

we entered SHORT KCI at 43.60 at the close yesterday.


this stock has a strong potential of going DOWN fast i dont when for sure, however, i am prepared to enter short 3 more times at higher levels should my timing be off.


holding DJIA short into the open.


surf
 
our short eur/usd long dollar trade has begun to accelerate to downside finally creating a very nice trade. holding shorts in DJIA and KCI into the open.

surfer
 
just finished several brief multi time frame studies on the DJIA using rudimentary TA ( not that i give it very much credence other than overall potential picture ):)

the weekly DJIA chart is clearly indicating a bottoming formation, with the daily being unclear. the 200 day MA is 11897 with the 50 day being 11203--- the channel is set at 11003-- 10927 .

i am highly bullish for this week and will trade the channel system mechanically untill proven wrong or profits


surfer the market mechanic
 
along with being bullish this week on the DJIA, my bullish stance stands on the USD, the shorts in the eur/usd pair are continuing to grind out profits. holding these here.

surfer
 
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