our models indicate that the sell wave is almost over. we are holding longs, sitting tight at this time.
see attached chart. our yen short is doing well, IBM long gave back a bit today. expecting convergence soon.... holding DJIA long, best, surfer
another minor selling wave hits the DJIA this morning. the upper resistance level, that i was hoping would turn into support was smashed. our stops have been placed @ 10476. let's go do what happens, surfer
we have been stopped out and are currently FLAT the DJIA. the next trading channel is : 10507--- 10457 long above, short below and FLAT in the middle. that was an excellent ride. congrats to all who caught the wave ! best, surfer
the system got chopped a bit at the going long at the open. the DJIA then plummeted thru the channel; breaking the lower channel line triggering shorts. we are currently short the DJIA---- must admit, i am a bit nervous here being short, BUT following system. attached please see our IBM / YEN trade chart. it is doing nicely, the convergence continues as expected. enjoy the weekend ! surfer
we shorted the DJIA on friday when the lower channel figure of 10457 was violated at aprox 1 pm. what i find intriguing is the lower channel figure was the upper bband closing number exactly--see attached chart. watch the thick pink channel lines--- currently short the dow, ibm yen spread still on. best, surfer