The Surf Report

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I have 8365 and 8470, however, i already went long both the DJX and MNX. . . . . on the NDX i had 952 and 964. . . but my software adds an hour on the end of the graph for the end of day. . . and my visual lines don't line up as i would expect them to

sg
 
greetings,

we did not break our upper channel figure in the dow this morning by the stated parameters, therefore we are still FLAT. flat nasdaq. holding LONG ratl here and now.

best,

surf:)
 
the dow channel is 8477 to 8355. we shorted when the lower figure was violated capturing 23 points with trailing stops. the upper figure appears to be severe resistance at this time/price juncture. currently flat, flat nasdaq.

best,

surf
 
finally!!, the upper channel figure was violated in the dow near the close today. we are currently (nervously due to current events) holding longs into the open thursday. still flat nasdaq.


awaiting tomorrow

SurF:cool:
 
Whew, that is a tough one! I am highly suspicious of these moves especially considering the declining volume (DOW). I believe an intermediate term Top is in and we have a decline to about 7600. I do believe, however, that we will move substantially higher by the end of the year (say about 9200).

I know you have a mechanical system for exits/entries and I have an immense respect for it! Thank you for posting the ranges (especially for the DOW). :)
 
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