The Surf Report

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Quote from marketsurfer:




wappers,

are you still in nice ??


surf
More...

nooooo

Currently in London UofK.
Still not trading - really dont want the angst of this crapola market. Like u say Surf, one doesnt have 2 trade all the time...!

If the war type heat gets turned up any higher, I shall be zooming off to somewhere quiter. Stockholm would probably fit the bill.

Here they are warning people via TV about what to do when the bombs start going off. No one here (as far as I can tell!) believe it will happen though.

Anyway. the S+P looks like its bounce off 20 again, so u may get to surf another day! Well done dude.
 
ALICE (Mar 5, 2003 2:54:54 PM)
what do you think about surf's proclamation to saty long w/o stops

KymarFye (Mar 5, 2003 2:54:56 PM)
the obvious trades work about 51% of the time att least

ALICE (Mar 5, 2003 2:55:06 PM)
has he gone mad??

KymarFye (Mar 5, 2003 2:55:15 PM)
did he really say that?

KymarFye (Mar 5, 2003 2:55:37 PM)
if so, very manly of him

KymarFye (Mar 5, 2003 2:55:40 PM)
insane

KymarFye (Mar 5, 2003 2:55:41 PM)
but manly

ALICE (Mar 5, 2003 2:55:43 PM)
yes he's using a TIME stop

ALICE (Mar 5, 2003 2:55:46 PM)
2 weeks

WDGann (Mar 5, 2003 2:55:47 PM)
LOL

ALICE (Mar 5, 2003 2:55:59 PM)
check out his thread

WDGann (Mar 5, 2003 2:56:01 PM)
He's too confident with Gann

KymarFye (Mar 5, 2003 2:56:13 PM)
I like surf too much to want to speculate about that one

ALICE (Mar 5, 2003 2:56:13 PM)
i think so wheeeeew

WDGann (Mar 5, 2003 2:56:17 PM)
I do get the same analysis but I don't trade like that

KymarFye (Mar 5, 2003 2:56:24 PM)
it's got at least a 50/50 chance of working

KymarFye (Mar 5, 2003 2:56:48 PM)
but the risk is huge

KymarFye (Mar 5, 2003 2:56:50 PM)
to say the least

ALICE (Mar 5, 2003 2:56:55 PM)
he also said he loaded the boat

KymarFye (Mar 5, 2003 2:57:07 PM)
ohmygawd. Lundy stole his brain

KymarFye (Mar 5, 2003 2:57:12 PM)
with ancient Peruvian medicine

nitro (Mar 5, 2003 2:57:18 PM)
lol

WDGann (Mar 5, 2003 2:57:25 PM)
That Lundy

ALICE (Mar 5, 2003 2:57:26 PM)
and that he will endure and substantial drawdown if need be
 
There is nothing wrong with it, you just are!

Surf, you appear to be playing the war effect, similar to the rally that ensued in 1991, which you said you were waiting for again.

in other words, either way, the market will rally whether we have war or a peaceful solution.

And the easiest way you have found is to avoid lots of transaction and volatility costs, and the possibility of missed timing by just holding through to a higher price,

but will the outcome be the same as 1991? the biggest difference now, i believe, is that the price of oil may not decline as it did in 1991, because the supply disruption may be greater with venezuela down, and saddam employing a scorched earth policy, as well as possible terror cell attacks in the us in response to an attack of islam.

so the easy trade looks to me to be too easy. . . .

and the harder trade will be to short after any initial rally attempt starts to burn out. . . . because the economy will not be changed in the same way as in 1991, the business friction as a result of terrorism has yet to be lubricated away.

but then again, i don't own a long board or a short board.

sportsguy
 
we are long entering the open today. the DJIA approached the critical figure of 7777 yesterday but did not penetrate causing me some concern but i am still confident in the longer time frame.

best,

surfer
 
spank dat ass surf boy.......big money has been made going agaisnt the grain..a drawdown perhaps but dont be blown away by the size of the wave....peace and much luck
 
to predict an upmove out of this consolidation...

I see the potential, but if you check a monthly chart, it does not look so sure to me. Looks like a steep slope ratcheting down with a consoldidation right now- could just be a pause. If 800 in the Spx does not hold...

Where does your prediction come from: Gann's zero angles?

Best of luck
 
there's as much or more a potential for a downside break as upside.... but have some longs in MSFT... July calls...

I did sucker myself into selling some 23.75 calls this week on a pop (but no puts on subsequent drop). Soooo we can expect that they will at least double for the buyers; therefore under the gdz2 "conspiracy/ victimization" theory of trading... look for a big move UP to force me to close and roll out to April 25 calls. It will be pure manipulation of course.

GDZ..... should I sell some puts !


:D :p

Ice:cool:

(Surf... what upside level are you looking for in SPX.. I got some March double credit spreads... with a few aces in the hole both ways)
 
Quote from Vienna:

to predict an upmove out of this consolidation...

I see the potential, but if you check a monthly chart, it does not look so sure to me. Looks like a steep slope ratcheting down with a consoldidation right now- could just be a pause. If 800 in the Spx does not hold...

Where does your prediction come from: Gann's zero angles?

Best of luck
More...

If you don't see it now, you won't see it anyways...

But... just for your information...

Weekly - Square of High and Range confirming. Square of Odds, Square of 12, and 360 Degree Chart confirming.

Daily - High and Low Angles, All 3 Square of High, Low, and Range, and Square of Even confirming.

Surf just missed the optimal timing of entry (2/13 - 14)... Also, he's trading a different timeframe. Now that said... do you get it??? Give Brother Surf some space.

Also, just because you or others use Gann, how we trade off the analysis is different. Just like how some use Moving Averages in different ways, some use it as resistance, some use it for trend confirmation, some use lines or bar crossing, and etc.
 
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