The Surf Report

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with a meltdown of commodities, that's a continued deflationary expectation, with the banking system not doing enough to expand teh money supply. . .

sportsguy
 
Quote from marketsurfer:

all in all it was a sucky early entry. however, remaining confident at this time with one more equal entry available if needed. holding shorts. follow real time twitter

<i>marketsurferok, holding the YM shorts. currently negative 60 points average both entries. holding here.</i>

www.twitter.com/marketsurfer


surf:D
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20 handle stop out would`ve had you out & flat 3x over.....no?
 
Quote from Spooz Top:

20 handle stop out would`ve had you out & flat 3x over.....no?
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correct. however, this enty allowed for 3 average in attempts ( 2 were used ) 20 point stop did not apply. the system is not fixed, remaining fluid and reacting to changing conditions

surf
 
Quote from marketsurfer:

yes, although the call was early, i still fully expect a meltdown in the metal. thanks, surf
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Do you have a new timeframe on this? Don't worry, off the record. I won't hold you to it. Just curious of your thoughts.
 
Quote from Ivanovich:

Do you have a new timeframe on this? Don't worry, off the record. I won't hold you to it. Just curious of your thoughts.
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Even though Surf says I never make calls . . .

IMHO - What does time have to do with it. It will happen when it happens.

YM triggered short on Market Open on 06/12/09 and confirmed on the Market Open on 07/06/09. Minor Targets to the downside are 7861 & then 7752. The next Major targets are 7944, 7653 & 7381. At some point down here price will fail one of these support targets and give us another shot at the 8900 but current strength shows that when that happens a break through of that 8900 level is . . . slim to none.

Good trade so far surf.
 
Quote from Ivanovich:

Do you have a new timeframe on this? Don't worry, off the record. I won't hold you to it. Just curious of your thoughts.
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no, no time frame. i am just going to try to stay in for as long as possible, and am willing to give up gains to catch the big wave down.... is this it? i don't know, but i'm trading it like it is.

best, surf
 
Quote from ProfLogic:

Even though Surf says I never make calls . . .

IMHO - What does time have to do with it. It will happen when it happens.

YM triggered short on Market Open on 06/12/09 and confirmed on the Market Open on 07/06/09. Minor Targets to the downside are 7861 & then 7752. The next Major targets are 7944, 7653 & 7381. At some point down here price will fail one of these support targets and give us another shot at the 8900 but current strength shows that when that happens a break through of that 8900 level is . . . slim to none.

Good trade so far surf.
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thanks prof. best wishes, surf
 
Quote from marketsurfer:

no, no time frame. i am just going to try to stay in for as long as possible, and am willing to give up gains to catch the big wave down.... is this it? i don't know, but i'm trading it like it is.

best, surf
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Thanks. Melt down feels like it's about to happen.

Which is why it won't, I'm guessing.
 
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