The Surf Report

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Quote from Tracy McGreedy:

Why are you suggesting this on a Saturday?



technically, i am "resuggesting" please see earlier posts when entry time was initially suggested in practically real time.

surfer:D
 
is YM a new entry? or continuation of hold from last month? Just curious. I won't flame you, I promise...

Quote from marketsurfer:

technically, i am "resuggesting" please see earlier posts when entry time was initially suggested in practically real time.

surfer:D
 
Quote from Tracy McGreedy:

is YM a new entry? or continuation of hold from last month? Just curious. I won't flame you, I promise...



it's new, please read last several posts, the critieria is laid out in detail.

the real question here is, why am i reading ET on saturday??

surf:D
 
Surf buddy!

about time not getting into pissing contests with posters . . .

hey, i just spent all saturday afternoon at the deity's passion's alma mater's sports complex. . . .

my daughter was in a squash tournament at Hahvahd on Friday and Saturday, she didn't make the finals for Sunday, but a Couple of her team mates did

i say pictures of Victor on the wall in the squash viewing area. . . and when i played squash in the 70's, the racquets were the god awful bancroft wooden sticks . ..

today, the squash racquets are easy to handle, and the game is much easier to play, though harder to win. . .

sportsguy (true to my name!)
 
cool story, SG. congrats to your daughter!

i have played on the legend's private court in the lower level of the home twice. i remember the choice of a dozen or more racquets, that's one brutal game--- hardball--i can only imagine with the old wooden racquets! I played extensive racquetball in college--was never very good, but loved it- not sure that hardball squash even still exists---

suggesting to hold short oil and YM here today for now.


all the best,

surf
 
YM report--

Price has stayed within the channel, suggest holding shorts here despite the slight adverse move--- a down wave of saber rattling proportions is likely soon....


oil strongly suggest holding shorts here. top is in, very confident at this time, no more skitteness in price action. classic!



surf
 
Quote from JSSPMK:

1 win/2 loss

Next was short from today's open based on histogram

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1733773>

+670 partial scale out, not bad for a most basic entry method (common TA).
 
It appears that we finally NAILED a nice down wave in the DJIA. Suggest holding YM shorts here as a potential lucifuge style, death spiral into the abyss may have been activated.


furthermore, suggest holding OIL shorts at this time---keeping close eye on this one however--- stay nimble.


as a note of interest, was in circuit city store today--- merchandise return line was over 25 people long with everyone complaining about poor service, etc. . in addition, the layout of the store is truly bizzare with check out stations randomly placed in odd locations, etc-- and they have stooped to selling low priced candy to increase revenues--truly sad--- i would avoid trying to play CC as a bounce play at this time----


surf
 
Quote from marketsurfer:

It appears that we finally NAILED a nice down wave in the DJIA. Suggest holding YM shorts here as a potential lucifuge style, death spiral into the abyss may have been activated.
furthermore, suggest holding OIL shorts at this time---keeping close eye on this one however--- stay nimble.

surf
Nice !!! But careful here Surf....we're mombo oversold (remember the last time ???).
And actually if we can get oil back down to 90 or so, it would help support the market.

I don't see the real panic until 12,400 is taken-out on the cash Dow. But heck, it could happen.....TOMORROW !
 
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