The Surf Report

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Quote from JimmyJam:

The blue line represents the mean average price of your Short position, assuming all positions were taken with equal dollar sizing.

I see nothing but upside here, no downtrend anywhere to be seen.

Good luck with your trade.

Jimmy Jam
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hey jimmy, thanks for the chart representation. yes, your assumptions are correct, equal size entries. yeah, the position is hurting here, but i am continuing to hold at this time.

best,

surfer
 
Quote from Joab:

What does woodies cci tell you to do ????

LOL
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We're talking Market Surfer's trading here, lets try to stay on topic please. I reviewed the the entries according to his posts, and determined his average price. There are some who belive this market has higher to go yet, I am curious to see how this works out.

JJ

P.S. If I attached a CCI Histogram to the chart, I have no doubt it would show a sustained uptred.
 
bob,

thanks for the kind words. yeah, caught the top back in 2000--- it may happen again here, will see. i'll respond in greater detail to your post later, lots going on here- sorry.

thanks surf
 
I think you're on to something marketsurfer, probably 100-200 points more on the Dow if that. The brightside is, I believe there won't be a massive selloff until we see a one last massive push to the upside then the exhaustion.
 
Yeah, it's a tough trade.

Volatility is ridiculously low by any measurement, but the tide hasn't turned the corner quite yet.

... and while I'm sure the divergence indicators are showing oversold to probably the third wave, there's no reliable way to determine that the market isn't going to just retrace and resume the dominant trend.

Best regards,

JJ
 
Was expecting an OE pop from the selldown of late. Have shorted into todays strength. Using YM.
Wanted to say hi to the surfer.
Hope all is well.
Holding short with expectations of large gain.
Woodfish
 
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