The Surf Report

kgharris · Aug 23, 2004

Quote from marketsurfer:

i am suffering thru my short macro trade on the DJIA. I am holding shorts here and will continue to hold untill 9.7.04 at the minimum. the studies are still indicating a substantial down move by that time that will place us into profits on the trade.

I traded GOOG today, first short with a loss, then long with a nice gain. I shorted larger size between 109.97--- 110.15 --- holding this short overnight.

surfer

You are holding a (already in the red) short position until 9/7 - regardless of what happens?

And, you are shorting a stock that has only been out three days?

Hmmmm...

marketsurfer · Aug 23, 2004

Quote from uptik2000:

surf,
I worked at a bucket shop...it would be even more difficult to violate the new issue short rule there because regulators are watching every move. But if you say you shorted it then I wish you good luck.
I will call my brokers tomorrow to see if its available anywhere.

sorry for the misunderstanding, i am not going to to reveal the offshore betting house that is accepting bets on google. --it is similar to www.tradesports.com . this is what i meant by "bucket shop"

surfer

marketsurfer · Aug 23, 2004

Quote from kgharris:

You are holding a (already in the red) short position until 9/7 - regardless of what happens?

And, you are shorting a stock that has only been out three days?

Hmmmm...

yes and yes--- however the short google is non traditional.

surfer

marketsurfer · Aug 23, 2004

Quote from ZZZzzzzzzz:

Dow could easily correct here. Many individual DOW charts are not all that great.

[]

yes. thank you for the TA work.

surfer

iceman1 · Aug 23, 2004

Quote from marketsurfer:

yes. thank you for the TA work.

surfer

only the down TL is drawn incorrectly IMHO! It should be drawn through August 2nd. Thus.... if you did it that way.... one could now interpret the chart as "we are looking for a re-test of a break of a two-point TL on Dow at or near 1025 before continuing a move higher... or not"!

Wonder how Crawford would draw it ?

Which brings up another interesting point which is more subject to more incorrect/overly-subjective-biased interpretation and over-generalization... astrology or TA?

I actually took a year-long course on astrology a few years ago. Thought it might assist in trading.

(regards m/surfer)

Ice

iceman1 · Aug 23, 2004

Quote from ZZZzzzzzzz:

Dow could easily correct here. Many individual DOW charts are not all that great.

curious.... and this is meant in all seriousness.... not trying to give you a hard time.... why did you not draw the TL to connect 8/2/04?!!!

Ice

ZZZzzzzzzz · Aug 23, 2004

Consult your year long TA course.

Quote from iceman1:

curious.... and this is meant in all seriousness.... not trying to give you a hard time.... why did you not draw the TL to connect 8/2/04?!!!

Ice

iceman1 · Aug 23, 2004

Quote from ZZZzzzzzzz:

Consult your year long TA course.

who mentioned a year-long "TA" course... do recall mentioning an "astrology" course"!

Hope you chart bettter than you read bro? Rather sloppy habits... non?!!! :eek:

later,

I

ZZZzzzzzzz · Aug 23, 2004

Oh forgive me. You studied astrology for a whole year.

Now I understand.

Quote from iceman1:

who mentioned a year-long "TA" course... do recall mentioning an "astrology" course"! Hope you chart bettter than you read bro? Rather sloppy habits... non?!!! :eek:

later,

I

marketsurfer · Aug 23, 2004

hi ice,

thanks for the post. yeah, subjectivity is primary in TA on the hard right edge. andrew lo of MIT has interesting studies published trying to quantify TA. this is why i believe, trade what you think, not what you see.

best,

surfer