The Surf Report

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yeah, system nailed a very nice upmove in the DJIA. holding longs here, the critical 11100 was broke in YM in premarket activity. expecting nice up week.

holding eur/usd short--long dollar.

surfer
 
it isn't really wrong yet, it's just not correct right now.

today's action isn't a a sell-off, market keeps seriously looking for support and it refuses to keep dropping too much beyond yesterday's lows.

later,

jimmy
 

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I am currently short from the 55 area....surfer is usually right, but always seems to be early, so I will hold my shorts into tomorrow.

Good trading!
 
Quote from mschey:

I am currently short from the 55 area....surfer is usually right, but always seems to be early, so I will hold my shorts into tomorrow.

Good trading!
More...


thanks, mschey. i was truly convinced an upmove was heavily favored today. once again the pattern of being early continues..... holding here.

will see what happens!

surf:)
 
Quote from marketsurfer:

thanks, mschey. i was truly convinced an upmove was heavily favored today. once again the pattern of being early continues..... holding here.

will see what happens!

surf:)
More...

we closed spot on 06/19 support levels which are very important for at least shorter term movements; if taken out i would begin to worry if i was u.
 
Quote from Bitstream:

we closed spot on 06/19 support levels which are very important for at least shorter term movements; if taken out i would begin to worry if i was u.
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ok. good luck!

surf
 
Quote from mschey:

I am currently short from the 55 area....surfer is usually right, but always seems to be early, so I will hold my shorts into tomorrow.

Good trading!
More...

Pardon me Mike:

I have to operate in the real world. I trade these markets on an intraday basis.

When you are "early" and you don't actually trade, you can be said to be "right".

When you actually risk money on a position and you are "early" I think you have to deal with reality. Either you are "wrong" or you are an "investor" rather than a trader.

For those who think otherwise let me refer you back to post where I suggest that I am going to sell rallies until the market makes me pay up.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1113067&highlight=rallies#post1113067

Now I don't look for the same kind of applause that Bunnysurfer seems to need, but I do like to make money, and it seems to me that if we stay with WHAT IS REAL, that bunnysurfer has recently been 180 degrees, butt-ugly wrong about market direction.

Thanks,
Steve

Edit:

Cannot resist.

I am having a pleasant time knowing that bunnysurfer is "holding" right there. After all, even a broken watch is right once a day.
 
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