The Surf Report

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Quote from syswizard:

Start to brace for the "boomer panic" to begin in earnest.
A break of Dow 12.5k should do it.
However, if 13.1k YM "holds", the double-bottom formed could spark some short-term short-covering.

thanks, wiz.

we are continuing to hold here with over 100 plus points of profit in the YM. holding tight.....

surf
 
ok, it is not outside the realm of possibility that the death spiral anticipated in june has just begun. as you know the system placed us back short here and holding tight--fighting the age old trader sins of greed and more greed as i try to milk the move for max profits over the longer term. below see a screen shot of exactly what i'm seeing at 11.52.47 am EST.

best wishes,

surf
 

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greed and fear. i contend that fear doesn't exist-- its merely greed in disguise. greed not to lose is mistakenly defined as fear--- this is an important distinction for a proper and useable understanding of the market.......

regards,

surf
 
Quote from marketsurfer:

greed and fear. i contend that fear doesn't exist-- its merely greed in disguise. greed not to lose is mistakenly defined as fear--- this is an important distinction for a proper and useable understanding of the market.......

regards,

surf
Actually, I think you got it backwards. And I'm not just being contrary for its own sake. Really. I think that greed is one aspect of fear: a sheep in wolf's clothing, if you will. Greedy people are afraid they will never have enough. Greedy people are afraid that, if they miss out on this next trade, there won't be another, suitable one. Deep down, greedy people fear they are not good enough on their own. Therefore, they must amass wealth, and are always afraid that their own value will diminish with the loss of their financial assets. Greed is fear.

How's them apples?
 
Quote from Thunderdog:

Actually, I think you got it backwards. And I'm not just being contrary for its own sake. Really. I think that greed is one aspect of fear: a sheep in wolf's clothing, if you will. Greedy people are afraid they will never have enough. Greedy people are afraid that, if they miss out on this next trade, there won't be another, suitable one. Deep down, greedy people fear they are not good enough on their own. Therefore, they must amass wealth, and are always afraid that their own value will diminish with the loss of their financial assets. Greed is fear.

How's them apples?


a radically different world view than what i imbrace would lead you to the above, i suppose.


you can live in the world of nihilistic fear. i choose to live in the one of abundance and greed.

the past is comforting, this is likely why you so vehementally support TA--- the illusion of removing the fear by focusing on past order.

long live chaos and greed,

surf

:)
 
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Quote from marketsurfer:

...i choose to live in the one of abundance and greed... long live chaos and greed...
Greed arises from a perceived LACK of abundance. A FEAR of insufficiency. Ultimately, greed stems from deep-rooted feelings of personal inadequacy. But, hey, whatever works. At least you got the chaos part right.
 
Quote from marketsurfer:

ok, it is not outside the realm of possibility that the death spiral anticipated in june has just begun. as you know the system placed us back short here and holding tight--fighting the age old trader sins of greed and more greed as i try to milk the move for max profits over the longer term. below see a screen shot of exactly what i'm seeing at 11.52.47 am EST.

best wishes,

surf



continuing to hold short in YM and CROX.

no change midday.

surf
 
Quote from Thunderdog:

Greed arises from a perceived LACK of abundance. A FEAR of insufficiency. Ultimately, greed stems from deep-rooted feelings of personal inadequacy. But, hey, whatever works. At least you got the chaos part right.

no.

you are confusing internal beliefs with external realities.

causality and participational world views as tambiah mentions in his excellent book.

your belief that greed stems from personal inadequacy is fundamentally flawed as greed is the root of progress. yours is a serious loser mentality--just like posting the MS is a moron thread and your fervent belief in TA.

surf
 
Quote from marketsurfer:

no.

you are confusing internal beliefs with external realities.

causality and participational world views as tambiah mentions in his excellent book.

your belief that greed stems from personal inadequacy is fundamentally flawed as greed is the root of progress. yours is a serious loser mentality--just like posting the MS is a moron thread and your fervent belief in TA.

surf
And speaking of "confusing internal beliefs and external realities," have you had a chance to do your assigned homework?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99086&perpage=6&pagenumber=91

As for your reference to my poll, perhaps you can get your friend, VN, to test it for statistical validity:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=71154

After all, anything that can be tested should be tested.
 
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