The Surf Report

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Quote from marketsurfer:
our research is indicating a nice pop up type reaction will occur tomorrow, friday. positioned to profit long YM.
surf
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That move would be a BRAVE vote of confidence for the bulls.
13200 YM is critical as a support level.
Next-up 13k-even....I've been waiting for that level to be taken-out....for over 3 months now.
After that, 12.5k....then.....look out belooooooowwwww.
Don't forget...there's a whole generation of boomers depending on these "holdings" for retirement. When they don't "hold", the selling will be so pronounced, it will be unbelieveable.
I can just hear the banter at the picnic table this weekend:
Mary: "John, we're going to have to move to a retirement home instead of that beach-front mansion in Avalon, NJ if the market continues to go down like this week"
John: "Yeah, it looks grim, let's sell everything on Monday....the heck with any penalties we'll incur"
 
Quote from syswizard:

That move would be a BRAVE vote of confidence for the bulls.
13200 YM is critical as a support level.
Next-up 13k-even....I've been waiting for that level to be taken-out....for over 3 months now.
After that, 12.5k....then.....look out belooooooowwwww.
Don't forget...there's a whole generation of boomers depending on these "holdings" for retirement. When they don't "hold", the selling will be so pronounced, it will be unbelieveable.
I can just hear the banter at the picnic table this weekend:
Mary: "John, we're going to have to move to a retirement home instead of that beach-front mansion in Avalon, NJ if the market continues to go down like this week"
John: "Yeah, it looks grim, let's sell everything on Monday....the heck with any penalties we'll incur"
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thanks. this is definately a short term play--potentially VERY short term..... can't say im not nervous about it, but gotta go with the analysis.

surf
 
Quote from marketsurfer:

once again BUYING YM @ 13322--- fully LONG YM here.
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AH YM already hit 13226....(now at 13254)

Surf, what possessed you to take this long? I thought you were bearish for the next 3 months or so...
 
Quote from Pekelo:

AH YM already hit 13226....(now at 13254)

Surf, what possessed you to take this long? I thought you were bearish for the next 3 months or so...
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i have stops on this one, albeit wide of 130 points based volatility range and acceptable DD, and am aware of the high risk, i am still bearish longer term right now, this is expected to be a short term play---- we'll see what happens....... fingers and toes crossed.....

surf
 
Quote from marketsurfer:

i have stops on this one, albeit wide of 130 points based volatility range and acceptable DD,
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So you must be out of this trade, YM is down 180 points at 13133....
 
yes, this speculative long plunge did not have a happy ending.

after a restless night, i learn i am out with losses in YM, flat here.

holding CROX short.

heading to gotham for a weekend long party.....

best,

surf
 
Quote from ghostzapper:

smurf, did you take your medication this morning ?

"nice gains'" ??

Sold @ $48, doubled up @ $51, hmm.
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yeah, your right, wrong word--overly anticipating --- approaching breakeven is correct
surf
 
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