The Surf Report

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The YM short 3 entry trade was a total wipe out. Positions closed and flat. crushingly wrong and brutal.

i stand humbled by the market mistress once again

awaiting next entry.

surf:(
 
Quote from marketsurfer:

The YM short 3 entry trade was a total wipe out. Positions closed and flat. crushingly wrong and brutal.

i stand humbled by the market mistress once again

awaiting next entry.

surf:(
More...

Better luck next time. There is a thin zone here so it could go higher. There is also a rising wedge that could be broken. Nothing is a certainty in this market as anything can happen as I'm sure you well know. This area looks like a good short and I agree, market does look ready for a nice downtrend for a bit.

I'm short biased but ready to run when I see it not working out. Short from 1060es. Stop at 1065.5, If stopped, stopped and re-evaluate the market.

Good luck, Surf.
 
Quote from marketsurfer:

The YM short 3 entry trade was a total wipe out. Positions closed and flat. crushingly wrong and brutal.

i stand humbled by the market mistress once again

awaiting next entry.

surf:(
More...

Do not ever call the market "mistress" ... maybe a more respectful name like "courtesan" will bring it on your side next time.

Cheer up man!

=)
 
Quote from Lawrence Chan:

Do not ever call the market "mistress" ... maybe a more respectful name like "courtesan" will bring it on your side next time.

Cheer up man!

=)
More...
Courtesan is right. He keeps paying the lady. :(
 
here's a couple of free stock picks from the surfer shack:

Orix Corp Ads (IX | Quote | Chart | News | PowerRating) - Short Term PowerRating 9; Above the 200-day SMA; 5 plus lower lows; RSI(2) 0.64

Cabela's (CAB | Quote | Chart | News | PowerRating) - Short Term PowerRating 9; Above 200-day SMA; 5 plus down days; RSI(2) 1.98

Gildan Activewear (GIL | Quote | Chart | News | PowerRating) - Short Term PowerRating 8; Above 200-day SMA; 5 plus down days; RSI(2) 1.37


enjoy,
surf
 
Quote from marketsurfer:

LONG. short term longs < 1 week.

surf
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Wait a minute. Surf, you are now stock market bias positive for the short term? You are LONG ym now?

Please tell me this is true. Thank you.
 
Quote from birdstone:

Wait a minute. Surf, you are now stock market bias positive for the short term? You are LONG ym now?

Please tell me this is true. Thank you.
More...


no, i remain overall bearish.

however, the stock picks are for longs for the short term < 1 week.



surf
 
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