Thanks I had forgotten...its sort of like a topping tail & bottoming tail..more important when we are at a top and bottom respectively.
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The Surf Report
- Thread starter marketsurfer
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Thanks I had forgotten...its sort of like a topping tail & bottoming tail..more important when we are at a top and bottom respectively.
i agree that fortunes are made on larger waves.
Quote from marketsurfer:
we are continuing to hold shorts here despite serious flack from some outside the surfshack. the analysis has not changed and yes, this is tough at times. still convinced of severe down wave coming soon which will dwarf the last one. TA practioners will see what looks like a textbook triple top in the DJIA daily now....this may just be the start as we speak--- we will see.
best wishes, surf
Quote from ProfLogic:
As you know I am one of those TA people. Can you please tell me what a "textbook triple top " is. I have never heard of that.
I see 13760 potentially failing to breaktrough 13813 which to me, a TA perfectionist, is a Short signal but only as soon as it is confirmed, which it hasn't yet.
no offense, professor, but have you read any of the seminal works in the field? pring or edwards&magee come to mind.
the term "textbook" can refer to something perfectly represented, just like in a book illustrating such things.
thanks for the analysis, will see what happens.
best, surf
Quote from marketsurfer:
no offense, professor, but have you read any of the seminal works in the field? pring or edwards&magee come to mind.
the term "textbook" can refer to something perfectly represented, just like in a book illustrating such things.
thanks for the analysis, will see what happens.
best, surf
No offense taken.
I understand what "Textbook" infers but all of the individuals you mentioned, as well as a majority of known and popular TA personalities have their work's roots stuck in a variable environment which negates the ability of any consistency to their results. I don't waste my time reading or studying systems based on variables. Not when rigid environments exist. That is senseless.
All TA that isn't grounded in a non-variable environment is doomed to inconsistency and no better than flipping a coin.
This is why it is easy for you to poke fun at TA. Being that 95% of it is all variable based, you have a ton of material to work from.
My step-son's father tells him that all white people are idiots and ignorant. I teach him to judge each person as an individual. He has learned over time that his father is close-minded to say the least. Smart kid figured this out all by himself that you can't lump everything onto one bag.
May your Short reap you tons of dollars.
Quote from ProfLogic:
As you know I am one of those TA people. Can you please tell me what a "textbook triple top " is. I have never hard of that.
I see 13760 potentially failing to breaktrough 13813 which to me, a TA perfectionist, is a Short signal but only as soon as it is confirmed, which it hasn't yet.
Can you share what, to you, would be confirmation? tia
Quote from Bearbelly:
Can you share what, to you, would be confirmation? tia
Sure, here is an explanation from how I look at price movement. I make my evaluation, on a short term basis, at the end of each day. On a longer term basis, I read price based on it's oscillations an those ar labeled in the price section and are labeled and read in real time.
Attachments
Holding shorts in YM.
Here's a rare marketsurfer stock pick:
SHORT CROX---@48.
this company is built on an unsustainable fad of expensive plastic shoes--what more can i say??? its time to SHORT. Looking for < 20.
just take a look at these:http://www.crocs.com/home.jsp this stock price can't be serious.
surf
Here's a rare marketsurfer stock pick:
SHORT CROX---@48.
this company is built on an unsustainable fad of expensive plastic shoes--what more can i say??? its time to SHORT. Looking for < 20.
just take a look at these:http://www.crocs.com/home.jsp this stock price can't be serious.
surf
Surf, I respctfully disagree. This shoe has been made popular by home gardeners, especially women, if you check some of the home gardening companies you will find them for sale. What has happened is that they have crossed over to find a wider market. Now whether or not 48.26 and a P/E of 47.3 is sustainable is debatable, but the market for these products is strong. Also if the crossover factor dies down, they still have an unchallenged position in the home gardening market.
The Ever Real Men Wear Boots To Work VIPER
The Ever Real Men Wear Boots To Work VIPER
Quote from marketsurfer:
Here's a rare marketsurfer stock pick:
SHORT CROX---@48.
this company is built on an unsustainable fad of expensive plastic shoes--what more can i say??? its time to SHORT. Looking for < 20.
just take a look at these:http://www.crocs.com/home.jsp this stock price can't be serious.
surf
More like you cannot be serious .
What is your stop loss surf ?
Why did you leave a stop loss figure out of your proclamation ?
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