The Surf Report

marketsurfer · Jan 16, 2004

we are staying short here in the nasdaq. not covering and not going long due to gap up. sliding stops up to 2133 where we will stop and reverse

surfer:eek:

Lawrence Chan · Jan 16, 2004

Surf,

Your conviction is admirable.

Maybe time to short through the weekend again

marketsurfer · Jan 16, 2004

Quote from Lawrence Chan:

Surf,

Your conviction is admirable.

Maybe time to short through the weekend again

thank you. holding shorts here , as the topping action continues.

surfer

marketsurfer · Jan 16, 2004

Quote from BlueHorseshoe:

Surf,

Your mailbox is full - here is another exchange for your website:

The Shanghai Futures Exchange

http://www.shfe.com.cn/Ehome/index.jsp

Regarding your shorts: I feeeeel your pain! (In my best Little Rock AK drawl ...)

thanks !

surfer

marketsurfer · Jan 16, 2004

with tight stops @ 2131 compx where we will reverse back short . long here nas. still short dow.

surfer

Free Thinker · Jan 16, 2004

us $ huge move today. that brings overseas money into the market because if they time it right they get stock gains plus currency gains for a double wammy.hard to fight.

Pabst · Jan 16, 2004

Quote from vhehn:

us $ huge move today. that brings overseas money into the market because if they time it right they get stock gains plus currency gains for a double wammy.hard to fight.

Vhehn, Global equity markets have become so mature in recent years that the inflows of foreign capital into U.S. stocks is becoming negligible on a pct basis. However debt markets here are increasingly dependent on overseas flows. IMO thats why bonds have struggled since last summer while stocks have had virtually 100% correlation to the weaker dollar.

PoundTheRock · Jan 16, 2004

Quote from marketsurfer:

with tight stops @ 2131 compx where we will reverse back short . long here nas. still short dow.

surfer

I admire that, going short before the blowoff and covering like a man, but your next trade is definitely going to be sweet. QQQ ~40 and SPY ~115 are going to be great short entries.

BlueHorseshoe · Jan 17, 2004

The Jakarta Futures Exchange - (heaven forbid anyone should trade there!)

http://www.bbj-jfx.com/

Then many other exchanges list here:

http://www.boursesworld.net/countriesasia.htm

My favorite:

The Kyrgyz Exchange! Thats Kyrgyzstan btw, a vowel-scarce country.

http://www.kse.kg/

taodr · Jan 18, 2004

Quote from marketsurfer:

with tight stops @ 2131 compx where we will reverse back short . long here nas. still short dow.

surfer

Remarkable disipline. I have been shorting the whole week but it keeps biting my ass.