The Surf Report

Discussion in 'Journals' started by marketsurfer, Apr 25, 2002.

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  1. we are long the DOW from 10657.
     
    #1941     Jan 22, 2004
  2. the upper gann line bounced the down back down here and we were stopped out at a small loss. back flat again.

    surfer
     
    #1942     Jan 22, 2004
  3. the dow stayed within the channel today and we are FLAT currently. the nasdaq broke thru the lower channel figure firing shorts @ 2127--currently short nasdaq.

    TKTX short is back in profits after flirting with our stop loss this morning. short from 13.34

    best,

    surf
     
    #1943     Jan 22, 2004
  4. JT47319

    JT47319

    Wasn't the previous channel high at 10606? Shouldn't there have been a long above that?
     
    #1944     Jan 22, 2004

  5. jt,

    i am not sure what you mean. the channel figures ( price) change in relation to time. however, i dont recall a 10606 figure at all---

    best,

    surfer
     
    #1945     Jan 22, 2004
  6. JT47319

    JT47319

    Sorry, 10603.

     
    #1946     Jan 22, 2004
  7. ok, thanks. unfortunately, as you know, i started the year second guessing my own system and going by other analyse to my own defeat. you are correct, following the system would have placed you long above 10603. i redetermined the channels hence the new figures for this time frame. sorry for the confusion.

    surfer
     
    #1947     Jan 22, 2004
  8. :)
     
    #1948     Jan 23, 2004

  9. thanks for the chart, pete. yeah, 10603 is acting as support here, following the line for past hour and ten min. we are still flat the djia and short nasdaq. short tktx,

    surfer
     
    #1949     Jan 23, 2004
  10. thus far today the DJIA has bottomed EXACTLY on the lower channel figure of 10523. if it breaks--- short city here we come !

    surfer :)
     
    #1950     Jan 23, 2004
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