The Surf Report

[Mike Okistini]

Quote from Rodney King:

Now we're getting to the heart of it. This is the first post where you've acknowledged these `insights' are not your own.

Is it an `insight' when/if a quick Googling shows it's on the web tens of thousands of times already?

If you want to get in a silly tangent discussion of insight or what-not please go waste your time. It does not even address any of the points raised in my posts. I cannot believe you want to discuss whether these insights are mine if you can google them. You obviously have no logical refutation to what I said about SMURF so this lame ass response was thought up.

Be they insights, common sense or calling out a fake, call it whatever makes you happy, every point I made still holds thank you. Come on ET or anywhere else with BS and arrogance and the market will catch up as it does to everyone who acts that way.

choose or be chosen

 

[WyckoffTrader]

Quote from WyckoffTrader:

Surf,


You do admit when you are wrong, which gives you some credibility but your gold call is just wrong and you have to be a complete tool to step infront of these economic conditions in this meltdown.

When you pick bottoms....you come up with a sticky finger most often.

the global melt down is inplay. where your helmet if you want to play.

When you play this game and make predictions than you are asking for humility. Price action is king and prediction are for fortune tellers.

Trade what you see not what you hope for. Sorry to all those that got smoked this week. The market is the greatest machine alive and will bury the cocky predictors.

 

[syswizard]

Surf is bullish..I know, I know...but the logic in my recent post does make some sense...no ? It's based on the 1920-1932 stock market price action:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2191837#post2191837
This logic results in a DOW 2800 level within the next year or two.
Thus....we've got quite a ways to go on the downside....which of course will surprise the masses. That's what market's do best.

 

[sportsguy]

Mike Okistini

i am so glad you are here to put everyone who is wrong in their place. I hope you don't stop with Surf, though, and make sure you give equal opportunity to everyone else.

and I am glad that you waited until Surf admitted he was wrong so that you could put him in his place.

keep it up. . it does wonders here at ET. .

sportsguy

 

[marketsurfer]

Yes, the exact figure of 7777 being the absolute bottom was totally wrong. However, the day 7777 was broken is likely the bottom. Kudos to proflogic for calling support near actual figure in the DJIA--nice call!

I believe volatility should continue to contract here and the bottom may well be in.....as the feds cash is starting to act its magic.


time will tell.


good luck!

 

[marketsurfer]

Quote from ProfLogic:

7395 is the comparable bottom (Support) to today.
This is THE support area that is important.

Nice, CLOSE !!

 

[macal425]

Quote from marketsurfer:

Yes, the exact figure of 7777 being the absolute bottom was totally wrong. However, the day 7777 was broken is likely the bottom. Kudos to proflogic for calling support near actual figure in the DJIA--nice call!

I believe volatility should continue to contract here and the bottom may well be in.....as the feds cash is starting to act its magic.


time will tell.


good luck!

Surf, please stop calling bottoms so that the market can actually make one!

 

[marketsurfer]

Quote from macal425:

Surf, please stop calling bottoms so that the market can actually make one!

haha

Going back to the tried and true system, soon!

surf

 

[ProfLogic]

Quote from marketsurfer:

Yes, the exact figure of 7777 being the absolute bottom was totally wrong. However, the day 7777 was broken is likely the bottom. Kudos to proflogic for calling support near actual figure in the DJIA--nice call!

I believe volatility should continue to contract here and the bottom may well be in.....as the feds cash is starting to act its magic.

time will tell.

good luck!

Thanks but it wasn't me, I was just reading the last extreme comparable bottom off this stupid market.
We haven't confirmed it yet and most likely won't for some time. I will say that we ARE in the area that a bottom WILL be created though.

 

[marketsurfer]

Quote from ProfLogic:

Thanks but it wasn't me, I was just reading the last extreme comparable bottom off this stupid market.
We haven't confirmed it yet and most likely won't for some time. I will say that we ARE in the area that a bottom WILL be created though.

Yes, I agree with you.

No need for the humility--- YOU CALLED IT!

surf