The Surf Report

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Quote from ProfLogic:

I'll jump in with Jimmy.
This coin flip has worked for you, good trade so far.
12464 is critical Support. Price will still oscillate back up to challenge the 12816 momentum level but it's a guess as to what price level will correspond to it. Just know it wil occur.

This is the FIRST oscillation (bottom being created) that has created an extreme (Prime) Lower Low since mid July. Step one in breaking the Bulls back has begun but it is a three step process.
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thanks, prof. however, its far from a coin flip.

whats the time frame for your 12816 call? and whats a momentum level?

surf
 
Quote from marketsurfer:

Its what one has to do to catch tops/bottoms, taking heat is part of that game, not everyone can do--but it can be highly effective.
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This is one way to catch a top but not the only way.
Taking heat is part of your game but not part of all games.
Everyone can do it but some choose not to.
It is effective when it works and costly when it doesn't.
A true coin flip.

I'm glad you finally got a winner. You needed it.
 
Quote from marketsurfer:

thanks, prof. however, its far from a coin flip.

whats the time frame for your 12816 call? and whats a momentum level?

surf
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There is no time frame. Price can't read time. That is faulty logic on the part of traders.

If you look at the chart I'm posting you will see that price constantly is oscillating. When this current bottom is done, price WILL oscillate back to challenge the last (indicator) oscillate top that was created at the 12816 price top. I'm not saying price WILL oscillate even close to the 12816 price top but price will move back up to create a top where the indicator will correlate to the top oscillation created at 12816.

You've always wanted a prediction out of me and there is the first part of it. Once this bottom is in I will post the reversal of price back to to challenge the last momentum top.

Patience MS, you caught a good short here after 5 months of trying. Don't let a nickel of profit slip through your fingers.
 

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great day at marketannasurferland and the surf shack. oil is performing well , YM shorts in nice profits, anna is happy. hahaha

holding all positions.

best,

surf:)
 
Quote from ProfLogic:



Patience MS, you caught a good short here after 5 months of trying. Don't let a nickel of profit slip through your fingers.
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not accurate regarding the 5 months, but thanks i guess.

i'll be in columbus tomorrow to see the world's greatest hard rock band at newport music hall-- show up if you dare and bring ear plugs....:D :D i'll be wearing a surf hat and skull jacket--LOL !

regards, surf
:)
 
I saw that after I posted the chart where you might be confused so I am re-posting the chart with the "Momentum Bottom Oscillations" designated with arrows. When comparing each one sequentially one begins to "SEE" price movement.
 

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