The Surf Report--part 2

Pekelo, you clearly deserve a significant allocation of Surfer's paper profits.

 

After several early entries during the top consolidation phase--- this ES short may have nailed the pending descent. Looking for 100 plus points on the downside.

Surf

 

Thanks for following along. I am expecting a substantial decline from this point forward--- plan on holding shorts.

I am heading down south to the beach for several weeks or so-- (super pale and super fat, time to get into shape ) therefore will not be updating as often--- see everyone when I return or during extreme events if possible. stay tuned

best,

surf

 

Or is this a retest of the neckline before a run to 1420 ?





My bet is the next 80 points are north

 

I too, think Surf is a brave soul. I need to go out to lunch with him or something before I decide if I like him. Now I can say I like one of his greatest rivals, ProfLogic, but that is because as a vendor he has kept his word for nearly a decade. Surf, I like his ability to take heat, and his transparency, but I don't know if he is truly consistent as know one know how he trades.

 

My sentiments exactly....i would be tightening my trailer right around that level.

 

There was not a single sell signal here until the mondays close off the Osama/OBL closing candle on moday afternoon.

i`ll give smurf credit here for being here & exposing himself to criticism...& even more credit if he were trading real presidents.

watching for an inflection point at that NL.

 

Had a family emergency, missed the action yesterday, nice holding Surf!

This was posted at 1348 and we did bounce as high as 1354 from the Tuesday low. Mostly the action happened AH. Honestly, I thought the bounce would be higher, although the 1354 ES is 1358 SPX, so that wasn't so low, although not a clear doubletop.

This morning we are bouncing from 1337ish cash, and I mentioned earlier that this was the former support, now resistance (1338-40) on the daily chart. So until we go through that coinvincingly, I wouldn't count on any 100 pts gain.

Oh yeah, I was expecting to go up to the SMA 9 line from below, and it happened again, in AH. Last night's high of 1348 was 1352 cash, where the SMA 9 is now.

I try not to overbear this journal and will be posting less.

Again, nice holding! (don't forget to take profits)

P.S.: I have just noticed, giant inverse H&S on the NDX 3 days chart...

 

Uhhh, you could always start your <i>own</i> journal, rather than horking Surf's well-earned pageviews...

 

Surf Alert. short short short the bounce.


This pre open bounce appears to be a compelling opportunity for traders to get short in front of the jobs number. Looks like another slight up to down day is on it's way.

Staying short SP 500


Regards