The Surf Report

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big big big volume spike in YM on the downside last 5 minutes. looks like the selling may temporially be over here, unfortunately. we will see. if not, this may be a large down day.... time will tell.

67 points from B/E at this time.



surf
 
You caught a helluva good downside there Surf, don't give it back this time ... this bad boy is going to bottom sometime.

Me? I'm loving these 2pt to 4pt scalps on the ES, this action is a daytrader's Nirvana.

See, I ain't a hater.

JJ
 

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Quote from JimmyJam:

You caught a helluva good downside there Surf, don't give it back this time ... this bad boy is going to bottom sometime.

Me? I'm loving these 2pt to 4pt scalps on the ES, this action is a daytrader's Nirvana.


JJ


you gotta be in to win. thanks! paying those transaction costs retail mini trading is a huge hurdle to overcome. if you can do it more power to you! you working on an Xtrader front end??
 
Quote from Mvic:

FWIW a $1B buy on the SPY at close.



hmmm, thanks for that info. potentially, one of the trend boys buy program was activated on the pull back. i think they are going to eat this one big time--- we will see.

surf
 
Jeez, I get taken out to lunch on my b-day and all hell breaks-loose. Patience paid off here. My stuff suggests another 80 lower on INDU cash tomorrow before a hard reversion.
 
Quote from atticus:

Jeez, I get taken out to lunch on my b-day and all hell breaks-loose. Patience paid off here. My stuff suggests another 80 lower on INDU cash tomorrow before a hard reversion.

happy birthday!

yeah, entirely probable---will be watching closely. staying short for now.

surf
 
Quote from apex82:



btw.... the market correction is soon. I agree with you on a large drop I have just been patient since feb 27th and getting ready to pounce sometime this month.

Keeping with your conviction will payoff this time. You are going to need this baby to continue lower to make up for all the other losses so there is no point in banking in profits if your analysis says to remain short.
 
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