The Surf Report

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good afternoon,

yeah ! we are holding longs here in the nasdaq index from 1457 upper neogann channel figure. the minor wheel figure of 1477, as mentioned in live chat this morning, is continuing to act as resistance on the upside. i am on my way to the ocean for some surfing---see ya !!

surf:cool:
 
caught some nice 5-6 foot breakers on friday afternoon, while our nasdaq channel system kept us long overthe weekend. it is apparent to me that the short term BOTTOM IS IN the nasdaq composite. holding all nasdaq index longs into the open monday.

all the best,

surf
:)
 
Hi Dave,

Hope your w/e is going well & you & the Mrs are getting some rest.

I'm going to make the assumption that your stops are still as upon initial entry of 1457, taking into consideration that 1477s resistance may induce some backlash. In so doing you avoided being stopped out prematurely?

I'm attempting to gain more insight into your discretion, as I'm very confident in the chnnl #s themselves for entry & resistance criteria after following along these past 2 yrs.

See ya in the a.m. Dave, Gann Master of Market Surfin!! :cool:

God Bless Ya All & GFtY!! Kelly
 
hey man,

thanks for the post. yes, my stops are still around my entry point. the mrs and the baby are doing very well ! sleep is still elusive, however.

best,

surf:cool:
 
greetings,

i am leaving for the islands monday, therefore may not be updating the surf report on a daily basis. thanks for reading, and i will catch you guys later.....

all the best,

surf
:cool:
 
good morning,

just returned from a relaxing trip to the islands. warm clear water and not a thought of the markets. well, almost no thought ! we stayed flat while out of the trading room, and the market (nasdaq) bounced around abit. the current neogann channel is still 1403 to 1457 and we will be trading off of these numbers. currently long NOK as a day trade anbd short MSFT.

best,

surf:cool:
 
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