The Surf Report

Was wondering if you held through that pullback. Nice going. Maybe your luck has changed.

 

thanks. yeah, fingers crossed.

best,
surf

 

I would cover here and reshort tomorrow at 10... There should be a 50 or so points bounce...

 

nice to see you back pekelo. I am going to hold here.
regards
surf

 

Today was what I call a Step Down Day, although irregular, because how it started. The typical play at the end of such a day is to get long until next day 10 am and switch to short from there.

When I wrote my previous post YM was at 13464. Currently it is 25 points higher... Now let's go to bed and sleep on it.

 

i see pek, nice! im in this for the big one, i'll ride some volatility and only bale in critical situation to maintain some profits. one big wave is all it takes to have a great year. thanks!

surf

 

ur holding index shorts in an upTREND? isn't that counterTREND trading?

 

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get ready for june 1......

When black friday comes
Ill stand down by the door
And catch the grey men when they
Dive from the fourteenth floor
When black friday comes
Ill collect everything Im owed
And before my friends find out
Ill be on the road
When black friday falls you know its got to be
Dont let it fall on me
When black friday comes
Ill fly down to muswellbrook
Gonna strike all the big red words
From my little black book
Gonna do just what I please
Gonna wear no socks and shoes
With nothing to do but feed
All the kangaroos
When black friday comes Ill be on that hill
You know I will

When black friday comes
Im gonna dig myself a hole
Gonna lay down in it til
I satisfy my soul
Gonna let the world pass by me
The archbishops gonna sanctify me
And if he dont come across
Im gonna let it roll
When black friday comes
Im gonna stake my claim
Ill guess Ill change my name

 

I know, and I admire your stamina. But when an easy to see move happens, I don't see why not close the position and reopen it at a better position? During the night the YM spiked up to 13520, which is the already predicted 50+ points from 13464....

I am sure you could have used the extra 50-50 points gain... Also you never answered why not to use the ES, since it is currently 20% more volatile than the YM?

 

there is some serious situations going on in the YM right now, looks like some kind fund v. fund battle royale. im staying short here. programs showing 13520 as resistance with the prop indicator saying sell now 13515, also---take it as you will. have a great weekend!

surf