The Surf Report

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i know its not exciting and its not fun, but i can't stress enough the importance of staying FLAT in the indexes at this price/time juncture. there is no tradeable neogann channel yet. staying FLAT is the ONLY prudent thing to do.

stay alive,

surf:) :cool: :)
 
Quote from marketsurfer:

i know its not exciting and its not fun, but i can't stress enough the importance of staying FLAT in the indexes at this price/time juncture. there is no tradeable neogann channel yet. staying FLAT is the ONLY prudent thing to do.

stay alive,

surf:) :cool: :)
More...

Wuss :D :p
 
the seas are still very treacherous at this time/price juncture. we are staying flat the indexes here. should have next channel over weekend.

all the best,

surf:)
 
"There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling stocks daily- or sufficient knowledge to make his play an intelligent play."

-Reminiscences
 
greetings,

its monday, a veteran's day, monday before options expire when we should collect ( once again ) on the NDX spread. cyclically, today has been up 5 out of the last seven years, if today closes down--- tuesday is generally up big. we shall see....

the channel we will be trading on the nasdaq is 1293 to 1427-- short below, long above, flat in the middle, as always.

the djia channel is still unclear at this time/price juncture. will advise when it is verified.


all the best,

surf:) :cool: :)
 
greetings,

i am going to deviating from the gann channel system at the close today due to strong cyclical indications of an up day tuesday. at 5 minutes before the close today, i am going to GO LONG the nasdaq and djia, regardless of level within the channel. this is somewhat out of character for me, but its screaming long.


LONG,

surf:) :cool:
 
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