The Surf Report

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strongly suggest that everyone exit longs here---getting some very very bearish sentiment/rumours on the wire. looks like the short term top is in, gentlemen. speculative shorts entered, see previous.


im going to average scale into this one.


surf
 
Quote from marketsurfer:

SURF ALERT SURF ALERT

we are taking profits here in the YM longs @ 13480.

REVERSING and SHORTING @ 13478

SHORT YM


holding EUR/USD short.


surf
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Fascinating!

You had entered your long YM trade the other day using the September contract. However, you have now taken profits @13480? That would be the December contract's prices, since the September is trading at about 100 points lower at the moment. Pray tell, when did you roll over into the December contract in order to be able to exit at December contract prices?

P.S. I can see why you and Larry get along so well.
 
Quote from Thunderdog:

No response, marketsurfer? My question wasn't rhetorical.
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Can you think of an easier way to pick up an extra hundred points and claim a hugely successful long?

Ah, the dance . . .

LC
 
Quote from Lamont_C:

Can you think of an easier way to pick up an extra hundred points and claim a hugely successful long?

Ah, the dance . . .

LC
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Actually, my guess is that marketsurfer engaged in an imaginary trade using his continuation chart and forgot that December became the front month today. Had he actually been long YM, I think it would have occurred to him that he couldn't exit his September contract at December contract prices. At the very least, he would have given his broker a good chuckle before he was set straight.

Of course, I'm just guessing here. Perhaps marketsurfer could provide some much needed detail...

P.S. You will recall that riskarb had once caught marketsurfer in an imaginary stock trade, where marketsurfer reported to have entered at a price that was never even hit.
 
Quote from Thunderdog:

Actually, my guess is that marketsurfer engaged in an imaginary trade using his continuation chart and forgot that December became the front month today. Had he actually been long YM, I think it would have occurred to him that he couldn't exit his September contract at December contract prices. At the very least, he would have given his broker a good chuckle before he was set straight.

Of course, I'm just guessing here. Perhaps marketsurfer could provide some much needed detail...

P.S. You will recall that riskarb had once caught marketsurfer in an imaginary stock trade, where marketsurfer reported to have entered at a price that was never even hit.
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Then of course there's that smurfalert to short. Wonder how many of the faithful are sweating out that one, since we're at a new high on the day?

LC
 
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