dow stop-- 8480 nasdaq composite--- 1370 locking in nice profit from friday yet providing potential for further gains. best, surf
stopped out of index short trades. will look to reenter shorts at the stop figures on the potential way back down..... bbest,
market staged an impressive rally today, stopping us out of our shorts ( profitably) and a new neo-gann channel was created on the wheel in this time/price juncture--- dow channel is 8677 to 8483, nasdaq is 1383 to 1407--long above, short below and flat in the middle. best, surfer
yes, the nasdaq is the tightest it has been in quite awhile. i am looking forward to trading it also !! best, surf
today was intense. the nasdaq broke out of the channel on the upside momentarily causing longs to be entered. we were immeditely stopped out when the index dropped back into the channel. the nasdaq then inched toward the lower channel figure of 1383, reaching 1385 and reversing. currently flat the nasdaq and dow awaiting channel breakage. best, surf
as the market dropped thru the lower channel figures in the both the nasdaq and dow, we entered large short positions in both indexes and are currently SHORT. our trailing stops are relatively wide but are still locking in profits should this wave reverse. i am expecting additional downside here. hanging ten, surfer
we had a fun day today. captured profits in our dow shorts, then reshorted as the index dropped back thru the channel figure. held nasdaq shorts here. currently holding shorts in dow and nasdaq overnight into open. best. surf