The Surf Report

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i remember you from Clearstation days. OK to ask what your timeframe and target are for $INDU short? Is this a swing trade or longterm trade on a top. Thanks in advance. --Bob
 
Quote from erblackiv:

i remember you from Clearstation days. OK to ask what your timeframe and target are for $INDU short? Is this a swing trade or longterm trade on a top. Thanks in advance. --Bob
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hey b--- i seem to recall your name, also. nice to see you again. this is longer term trade attempting to hit near the top.

no time frame, will just let it unfold.---- stops are 70 points from entry now.

regards,

surf
 
Quote from marketsurfer:

stopped out of shorts @ 1.2710 with loss--have reentered SHORT YM @ 1.2697.

regards,

surf
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LOL

ditto :(

SPY though.

Surf one of these days we will get this right ... :D
 
I get how the IT and even the LT picture is bad for the DOW, what I don't get is the timing for a short right now.

I'm working with Colin Twiggs ST box breakout target of 12750. Followed by neg D coming home to roost.

http://www.incrediblecharts.com/free/trading_diary/images/20070203_djiaa.png


And Carl Futia's short term QQQQ and SPY targets (he doesn't follow the INDU)


http://carlfutia.blogspot.com/2007/02/sps-spiders-and-qqqqs_06.html

Carl has an even more optimisted IT target of QQQQ 47-48. And a pretty good track record.

I would appreciate anything you want to share about the timing of your INDU short. I've always respected your insight into the markets (or paid for it) --Bob
 
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