we shorted the nasdaq index once again around 2 pm on friday via the futures and cubes. caught another nice wave downward and are currently holding short over the weekend. fear is increasing in the investing public causing the buy and hold mantra to tested. still calculating the next channel from this price /time juncture. see you monday !! surf
thanks for the post, i am starting to experiment with my system on the dow. however, it was designed for the nasdaq and i am not certain how effective it is going to be with the dow at this time. your point is well taken, the dow may be the next frontier !! best, surf
good evening, we are currently short the nasdaq index entering the morning on monday 7.22.2002. will update next channel figures soon.... holding all shorts, SuRf
"volume- a lot of people call them "cubes"... or q's...or x....or schnizzle quizzles....." Thanks--I never heard them referred to as the "cubes". (But I seem to remember something about schnizzle quizzles )
good afternoon, this is getting sick--- another down day across the board. as you know, we are currently short the nasdaq index and holding overnight into tuesday's open. yeah, i know, its great for us and the other shorts--but i just can't help but feel bad for the "buy and hold" old people. they are feeling the PAIN big time. i keep trying to calculate the neogann channel from this price/time juncture trying to get some go long quick confirmation to no avail. the wheel is indicating the current channel to be 1257 to 1414 on the nasdaq composite. this is the widest channel EVER. i am utilizing trailing stops on the shorts but WILL NOT go long utill 1414 is violated by our parameters. if you are not short yet, wait for 1257 before executing. should we be stopped out, it may be awhile before another nasdaq system trade is initiated. have a great evening, SuRf
surf- love the title of that last post! that band kicks ass! my girlfriend hates them, so when they come on the radio..it's windows down, volume up! way up! later. keep up the good work w/ the surf report. uptik
thanks, uptik. i am glad someone got the connection. i agree the group is great with phenomenal vocals. best, surf
our stops are currently at the equivalent of 1313 in the nasdaq composite. will stay SHORT untill 1313 violated by our normal parameters. best, surf
needless to say, we are still holding our shorts in th enasdaq index and select heavily weighted nas 100 stocks. this is an unreal wave down, its been a fantastic ride. we are expecting a short covering bounce wednesday..... stops are still 1313 composite equivalent. hanging ten, surf