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The Surf Report
- Thread starter marketsurfer
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Quote from JSSPMK:
Hang Seng down over 2% from the word GO.
close to 3% right now....
thanks!
surf
http://finance.yahoo.com/intlindices?e=asia
getting closer to B/E today on the YM short. expecting to have nice profits by 12.31.2007.
looking very very closely at GOLD and OIL here. GOLD appears to be setting up for a substantial short. however, i am very new at metal trading in any form--first time, research in high gear at the shack.
regards,
surf
ps. a close friend of mine recently entered the gold physical trading business--- he buys scrap gold then sells it to refinary--making 50-100% on his money--- very interesting business.
looking very very closely at GOLD and OIL here. GOLD appears to be setting up for a substantial short. however, i am very new at metal trading in any form--first time, research in high gear at the shack.
regards,
surf
ps. a close friend of mine recently entered the gold physical trading business--- he buys scrap gold then sells it to refinary--making 50-100% on his money--- very interesting business.
Well the divergnecies held, but price action sure didn't!Quote from JSSPMK:
TY!
Jim might still win this one, as he said it would finish in black, but daily TL's been broken at the moment and divergence based average retrace range is way down below. Let's wait, it's retracing at the moment.
So you win this one JSSPMK.
It would be funny if this thing held and blasted back up to 14000, creating a Double Top, and then dropped down to 12000! :eek:
Good trading,
JJ
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Quote from marketsurfer:
getting closer to B/E today on the YM short. expecting to have nice profits by 12.31.2007.
looking very very closely at GOLD and OIL here. GOLD appears to be setting up for a substantial short. however, i am very new at metal trading in any form--first time, research in high gear at the shack.
regards,
surf
ps. a close friend of mine recently entered the gold physical trading business--- he buys scrap gold then sells it to refinary--making 50-100% on his money--- very interesting business.
If you expect stock market to head a lot lower, then I would have thought funds have to flow into commodities like Gold, no? I haven't looked at Gold;s chart though, yet...but I will
Quote from JSSPMK:
If you expect stock market to head a lot lower, then I would have thought funds have to flow into commodities like Gold, no? I haven't looked at Gold;s chart though, yet...but I will
yes, at one time that was true.
i don't believe they are negatively correlated any longer.
surf
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