The Surf Report

steve46 · May 16, 2007

I notice that you are often ignored on other threads.

I'm sure people here are figuring out who you are.

At this point, most do not take you seriously. Many regard your comments as attempts at comedy. Posting to one of Marketsurfers most obvious aliases falls into that category.

I am sure you will have a good explanation for Stereo.

Maybe you can entertain him with your vast knowledge of "Set Theory"

marketsurfer · May 16, 2007

Maintaining short position in YM.

surf

Vienna · May 16, 2007

Quote from marketsurfer:

thanks, pekelo. yeah, very nice call!

surf

Yes, brilliant call. Definite meltdown has occurred.

marketsurfer · May 16, 2007

These final death throes of the (temporally) dying bull market are severe and will shake out all those not prepared via proper position sizing and mental fortitude. we are continuing to hold shorts at this time, with approx 40 points of profits as this is written. expecting additional downside today, as the bull fights for its life.

regards,
surf

tjymaui · May 16, 2007

Nice scaling in on the shorts. Also feel that the market is due for some downside. Hope we get it soon.

Pekelo · May 16, 2007

Hey Surf, here is something to think about!

Lately there has been a skew between the ES and the YM, probably since February. They used to move together and 1 ES was app. 10 YM points.

This is not the case anymore. The ES became MORE volatile than the YM. I would say it is about 20-30% more volatile right now.A quick example would be yesterday, from the top to the close the SPX fell 13 points and the Dow only fell 100 points.

So a person like you playing positions would be better off playing the ES instead of the YM. What do you think?

P.S.: I am expecting a bounce but overall it should go down in the next few days....

Vienna · May 16, 2007

Quote from marketsurfer:

These final death throes of the (temporally) dying bull market are severe ...

regards,
surf

"The reports of my death have been greatly exaggerated"- Mark Twain

marketsurfer · May 16, 2007

unfortunately, the final bull death throes ended up today, continuing to hold shorts here thru the adverse excursion.

regards, surf

Free Thinker · May 16, 2007

Quote from marketsurfer:

unfortunately, the final bull death throes ended up today, continuing to hold shorts here thru the adverse excursion.

regards, surf

surf you would be dead if you were a real bullfighter.

Vienna · May 16, 2007

Quote from marketsurfer:

unfortunately, the final bull death throes ended up today, continuing to hold shorts here thru the adverse excursion.

regards, surf

"Adverse Excursion"? The point would be to know what the MAE (Maximum adverse excursion) is for your account....

But wait a minute.... did you just call this a Bull? There can not be a Bull, since there can not be an Uptrend, since Trends can not be determined! Then- how come you bet on the end of something that you say can not be determined?