The Surf Report

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Quote from ProfLogic:

10,747 is a guess . . . 10,722 is a real bottom (support) target but 11449 is the key level that if broke will get us there.
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10722 by 11-08 would be sweet!

surf:D :) :D
 
12k gave way like nothing was there.
Indeed, the bids are weak.
Now the issue is the 11500/600 level.
Will take MAJOR support level hold ?
 
Quote from marketsurfer:

Quote from marketsurfer:

the lower channel line of 12597 was touched but not broken by the 3 minute rule. maintaining flatness in the YM. its amazing to see the channel, within the 3 minute rule, act as support to the market confirming itself.



shorts clearly triggered on snapping of lower channel line this morning.

injured foot surf
:D
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OH YEAHHHH, surf report nailed the downmove. SUGGEST holding here, more downside imminent.

surf
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Quote from marketsurfer:

OH YEAHHHH, surf report nailed the downmove. SUGGEST holding here, more downside imminent.

surf
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surf if u look at the 87 chart you will see 3 step rally and then fall to bottom of 1st step, if u look at 09,it's hard to determine where the bottom of 1st step is,it's either here or lower down to 10700
 
Quote from Lawrence Chan:

Surf,

You have any suggestions to those who only day trade YM?

Following your method for quite sometime already, it is very interesting indeed!
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no, not really, other than play the reversals up off this major downwave--they can be quite severe and profitable for a day trader.

thanks for the kind words.

best,
surf
 
Quote from ammo:

surf if u look at the 87 chart you will see 3 step rally and then fall to bottom of 1st step, if u look at 09,it's hard to determine where the bottom of 1st step is,it's either here or lower down to 10700
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yeah, thanks.

i agree, however, i don't think its here, more in the 10700 area.

surf
 
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