The Surf Report

[TradeViper]

Brah, I think you are in the pit with crox and are about to go over the falls. If it breaks 60 and then bases, well lets just say you will look like a shubee.

The Ever Culturally Correct VIPER

 

[syswizard]

Surf will possibly be right on the YM long.....but it depends on the 13,000 level holding here. We're only 40-some points from that level.
It could take off northward from here if it holds.
Big IF however.

 

[Thunderdog]

Quote from syswizard:

...
It could take off northward from here if it holds.
Big IF however.

"If" is the middle word of life. There's always an if of one kind or another to chase after, isn't there?

 

[nkhoi]

Quote from marketsurfer:

the expected 9.11 patriotic rally appears to be occurring. YM longs now profitable. holding.

surf

looks like a Bin Ladin tape trade so far.

 

[Pekelo]

Surf, I have a feeling you just got stopped out when actually is a good time to go long.

YM is 13060ish....

 

[JSSPMK]

Quote from nkhoi:

looks like a Bin Ladin tape trade so far.

Man, you are too funny, still laughing, you could be Thunder's apprentice ImO

 

[marketsurfer]

HA, so much for the anticipated patriotic rally this morning--faded quickly. Was stopped out of position, taking loss.

12993--13103 is the channel here--- still bullish here.

surf

 

[marketsurfer]

Quote from JSSPMK:

any stats for last 5 years?

no, check stock traders almanac---they document such cycles.

surf

 

[marketsurfer]

Quote from Pekelo:

Surf, I have a feeling you just got stopped out when actually is a good time to go long.

YM is 13060ish....

once again, another very very nice call, mr.pekelo.

im showing 13103 as a confident go long level if broken.

surf

 

[Pekelo]

Quote from marketsurfer:

once again, another very very nice call, mr.pekelo.

Thanks, here is the reasoning:

1. Down days tend to bottom out around 11:40
2. There was a small double bottom.
3. The ES rule of 10-10 applied 1443 from 1464 ish...