The Surf Report--part 2

Inminent uh?

 

Yes, no question.

 

Like right now or like next week and a couple dozen points higher?

 

Why do you say this imminent collapse is upon us? Are we talking years out? Weeks out? Months? What's your call?

What's your out if you're wrong?

 

Sorry for the confusion. I am talking short term in the next 9 trading days. I am expecting a sharp drop within this time frame. Not a complete collapse. If the ES goes over 1333.25 before a sharp drop then the analysis is completely wrong.

Holding with profits overnight.

 

Oh ok. I hope you're right. I want some volatility.

 

I'm short the YM here.

 

Interesting. My predicktion is that it'll keep going up, and perhaps your stop will show large slippage.

 

I agree with surf on this.
Looking for a 30 to 40 point drop from the 27 to 40 zone in ES.

 

Playing the big number is beyond my skill set. Next week top forecast. Exact price is too hard for me. 1340+ is a given, imo.