Surfer Alerts

We are holding the second entry short YM here at a loss-- an attempt to time the intra plunge ebbs and flows without success thus far-- still holding.

Our small dividend paying portfolio is about at even from the start of the journal but producting dividends FSC and EDR

I am growing in confidence that the bottom is in or very close in the the yellow metal----GLD. a bounce back up to the 130 level may be close to happening here--- not entering yet, just watching the macro picture.

surf

 

Some interesting thoughts here.

http://www.futuresmag.com/2013/07/0...m_medium=eNL&utm_campaign=FUT_eNL&_LID=276018

 

Yes, thanks. Im pretty much in agreement with the author regarding equity indexes. surf

 

The beauty of technical analysis is that it can explain and predict the rational and the irrational.

 

Huh? TA can illustrate rational and irrational in hindsight. It is great for descriptions but it doesn't predict anything. surf

 

Well I’ll be a sumbitch… finally you’re getting it

Correct – TA does not predict

TA reflects what has happened… and what IS happening

It is up to the trader to anticipate what may happen next – then act accordingly

RN

 

So you're flat now?

 

No, decided to hold. the sell off ending at 12 was quite compelling for me to maintain the position--

 

Will respectfully disagree.

 

ok, cool. That's what makes the market work.

peace, surf