The Surf Report

Baruch · Apr 12, 2004

Quote from marketsurfer:

we shorted the DJIA on friday when the lower channel figure of 10457 was violated at aprox 1 pm. what i find intriguing is the lower channel figure was the upper bband closing number exactly--see attached chart. watch the thick pink channel lines---

currently short the dow, ibm yen spread still on.

best,

surfer

I enjoy your IBM-yen spread. Good luck.

marketsurfer · Apr 12, 2004

Quote from Baruch:

I enjoy your IBM-yen spread. Good luck.

thanks. me too !

woodfish · Apr 12, 2004

Afternoone could give back this morning run.

Woodfish

BlueHorseshoe · Apr 12, 2004

Quote from woodfish:

Afternoone could give back this morning run.

Woodfish

Taiwan and Korea are tech-heavy and were both +2% at various points today. NQ definitely closes in the black, though I've already sold my pre-market longs. Shorts will have to have to sit pat for another day.

T-REX · Apr 12, 2004

Quote from BlueHorseshoe:

Shorts will have to have to sit pat for another day.

Very possible but not likely.

marketsurfer · Apr 12, 2004

we closed the shorts at a loss, and have reversed LONG at the upper channel line 10507. following system.

surf

marketsurfer · Apr 12, 2004

see chart--notice how the DJIA hugged the upper channel line. we are nervously long per system.....

mechanical surfer :eek:

facultus · Apr 12, 2004

What happened to the circles?

T-REX · Apr 12, 2004

Quote from marketsurfer:

see chart--notice how the DJIA hugged the upper channel line. we are nervously long per system.....

mechanical surfer :eek:

I expect the market to pop up on tomorrow but within the next 3-5 days I expect a new top to be posted then the landslide begins.:eek:

marketsurfer · Apr 13, 2004

Quote from facultus:

What happened to the circles?

surfer

The Surf Report

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