maintaining shorts here in YM. TA specialists--note double top formation on 5 minute intraday....lower channel line indicated on chart...upper to be determined.
surf
surf
The Surf Report
- Thread starter marketsurfer
- Start date
- Status
oh yeahhhh! continuing to ride monster down wave in DJIA. CROX almost break even here. holding YM short and CROX short into thursday. the selling may have just begun.....
surf
surf
Do your offices on 5th Avenue in New York have adequate soundproofing?
OHHH YEAHHHHHH! doing the monkey jump and drinking diet coke..... this is INSANE!!!!
Quote from marketsurfer:
OHHH YEAHHHHHH!
Surfer, crossing his extensive 5th Avenue Office(S), sipping a Mint Julep: "Perkins! Bring me my Top Hat and my Spats! I am going to saunter over to 6th Avenue and see how the Technical Analysts live... just for laughs, you know".
Perkins: "Very well, Sir. But please be careful of the Riffraff. I mean, good lord, apparently there are even people living west of the Hudson river, digging for potatoes and such".
Surfer: "Yes, I heard of them....how crude... they live in what is called "godforsaken hick towns" and seem to eke out a living scratching in the dirt and pouring over Charts (imagine!) at night in their miserable hovels... don't they know that the secret to the markets is to short tops until the arrival of the predicted Death Spiral?"
Perkins: "Very well put, Sir! After you are done with the Dow, what would you like to corner next? The bond market?"
As usual, Surf takes the heat when the Dow was +90 today, and holds instead of folding.
Here's to you Surf.
Stay short with close stops to handle the case of some bullshit announcement, action and/or statement from the Fed. It's almost inevitable......and of course, it will be temporary, effect-wise. The FED IS DEAD. Helicopter money = lower USD = huge inflation.
Things are looking ugly in the USA.
Here's to you Surf.
Stay short with close stops to handle the case of some bullshit announcement, action and/or statement from the Fed. It's almost inevitable......and of course, it will be temporary, effect-wise. The FED IS DEAD. Helicopter money = lower USD = huge inflation.
Things are looking ugly in the USA.
- Status