<b>Thanks for posting the article link! Vic is a true american hero and an inspiration to all who play this game. I'm happy to see the positive PR. surf </b> If you don't know who Victor Niederhoffer is you should. With that goal in mind, NetNet is going to begin following his blog, Daily Speculations , and providing regular commentary and links. Niederhoffer is a Harvard trained statistician and economist, with a Ph.D. from the University of Chicago, who has been trading options and futures since the late 1970's. George Soros once wrote that Niederhoffer was the only one of his managers who ever retired from trading voluntarilyâwhile still ahead. Niederhoffer's blog is interesting for several reasons. First, because he's rigorous in applying the scientific method to investing and markets; because he brings decades of trading experience to his analyses; and because he is totally unabashed about using the term 'speculator' in the most positive sense of the word. Also, because he writes cleverly about a range of topics which spans pop-culture, sports, and media. (An example of all three: He writes that the New York Post is the only newspaper he buys in hardcopy "because they can be counted on to be ahead of the pack in memorializing the shortcomings of the Knicks.") But what may be most interesting of all is that he's able to bring to bear his unusually broad worldview on the topic that most of us are most smitten by: Finance and economics. For example, his most recent blog post is about beer advertising. (Specifically, about a beer advertisement the central trope of which involves poking fun of a guy in a Speedo.) Niederhoffer observes: "It's anti trade because it's a disguised mercantilist rant that we're........................
We got the sub 100 dip in oil sooner than forecasted. However remaining short expecting further slide. Enjoy the weekend!
Oil is going on 5 sessions now lower. Continuing to hold SHORT-- Take a look at RFMD for a LONG, folks, surf
SURF ALERT. SURF ALERT. The system has fired a LONG entry level in the ES SP 500. Enter long on the first touch of 1303.25. Stay flat if no touch of price occurs. Locked and loaded. Enjoy the ride up. Surf
The system is not tied into any type of pre-designed format and does not attempt to squezze the ever changing market flexions into a formatted charting environment, thereby creating opportunistic entries---- it has remained flat during the severe drop overnight---- HOWEVER, with this said, the S&P 500 is setting up for an EPIC BUYING OPPORTUNITY-- keeping with the long nature of the signal, just at a much much better price. Of course I don't know for certain, but this could be setting up for a once in a decade opportunity for the LONG SIDE. Taking it hour by hour in the surf shack, I don't know when the optimal entry level/time is yet, but do believe that one will emerge. Will attempt to post the entry in the ES- June contract as close to real time as possible. This is what we wait for. Staying flat here. HOLDING OIL short--- further downside on the way.... stay flexible. enjoy the ride up, Surf
ok ok ok, the initial LONG entry order in the ES is being placed at 1263.25. Since Uri Geller doesn't work for me, if this figure isn't hit within the first 30 minutes (10:00amEST) of open US equity markets, will look to reset the entry level.
LONGs fired, LONG ES june from 1263.25. expecting massive upside from here--but will average up to 2 more contracts if entry allows. stay tuned.....
This is looking EPIC! GOING ALL IN with the 3rd ES contract at 1262.25------ bottom is in place or very very close put yer money where you mouth is--- no risk no reward-surf