Dave - Nice call on the short position, again your insight is impressive. Keep on rocking... rttrader1 -
Another member emailed me and asked me to take a look at the recent break 'surf caught. I took the time to do so and also read a bit more of the previous posts to see why 'surf said "FINALLY." Talk about uncanny!!! Take a look at the following two charts. Not only will you see the same thing on these charts using price crossing a simple moving average as a trigger, ie., periods of chop followed by a nice break, but if you take the time to look back and compare 'surf's notes, profit potentials on the indices, etc., you will see a high degree of correlation between the charts posted using common sma's.... and neo-gann. The bottom "line" is... any line will do as long as the instrument you're trading has a tendency to make nice wide swings. Continue good luck trading the lines marketsurfer, whether they are straight like yours, or curved like mine.
we are holding shorts overnight at this time / price juncture once again. hanging ten on a big one ! surfer
For the record, I have my hands so full with individual equity positions and learning some new options strategies that I don't have one nickle in place on an index trade. So you are the one that deserves the congrats. Just call me chartboy.