Thursday, October 18, 2007

LImits

N QQQQ 53.09 - 53.55
N SPX 1531 - 1539

What did I say Yesterday? You could have watched the YEN instead of Stock Market. The same today...
Does anybody notice that Nobody is gloating having GOLD?
It is not talked at parties and it is not even mentioned much by talking heads. All move up has been perfectly orderly so far...
Incredible and means that there is more to go, at least 794 or even 1100 in by FEB/March 2008?

20 comments:

Paul said...

Good day Boris,

Thank you for the limits.

Do you see oil going much higher from here?

Thanks,
Paul

boris said...

Dear Paul,
Enjoy...

SPX seems to have hit low and high with few penneys difference.

OIL, either collpases back through 82.50 or goes to 115 into Jan/FEB 2008

GOod Trading

Blaine said...

Everyone,

The NYSE generated a Hinderburg Omen yesterday. We are very close to another one today and may get it by the close. Remember, ALL major declines were ALWAYS preceded by this techinal indicator. There have only been a few instances where we get the signal and don't get a decline.

Also, the Bradley 2007 stereograph has 10/17 (today) as a major turning point.

Use extreme caution, the market is ripe for a fall.

Good trading.

lagscrew said...

P/C rather low also

http://stockcharts.com/h-sc/ui?s=$CPC&p=W&yr=2&mn=6&dy=0&id=p14706041660

Blaine said...

Today just generated the Hindenburg on this bounce. Need a negative McClellan Oscillator at the close to confirm.

There was also one generated on Monday, 10/15. So, if today's holds, that is 3 in one week.

Watch out for Fed intervention soon... I love living in a central planning nation. Just need some more personal freedom taken away and I'll be set.

boris said...

Dear Blaine,
Indeed, we have all the freedoms we need except the one's that matter. Economic freedom, which is what Capitalism was supposed to be for...

Good Trading

John said...

Regarding Capitlaism.....

It is said Capitalism is man taking avantage of man....

Communism is just the oposite....

Good luck Trading...

boris said...

Dear John,
I think that applies to SOPITALISM, but it is nowhere written in the "doundations" of capitalism that "man should take advantage of man" and "government FED should help that by printing machine"...

The latest differentiates the Honest Capitalism from SOPITALISM Dear John,

Thanks
Good Trading

boris said...

Dear John,Readers,

By the way nor does CAPITALISM anywhere say that "We shell create Social Security" and "steal from it". That suties better the COMMUNISM ( at least as practiced in formere USSR).

GOod Trading

xerxes said...

Hi Boris.....So you stated that you think that the USD decline today is done and a rally will ensue until October 26 or so.....Where do you expect the USD Index to finish up on this rally? Secondly, would you recommend shorting right here and now, that ETF you mentioned "FXA" for a multi-month play on the decline of the Aussie against the USD....

boris said...

Dear Xerxes,
For an investor that can not time, does not care, Yes, I would short the FXA now.

$ can not rule out, one more day of scare, but I think That US Dollar is ready to have rest of couple weeks for 1-1.5% correction.

Good Trading

John said...

Dear Boris.. regarding capitalism...It seems to me that the major and fundamental/everlasting tenet of capitalism is man advantaging others.. men,woman,situations... otherwise there would be no capital to accumulate from these actions or expend on such...

You are so right about the fed's hyper-printing of money (and also creating large new credit capacity or new entitlement programs) it is inflationary, will destroy savings and may do that faster than other powerful men directing other central banks....I have a feeling that the others will be soon to catch up though....

RE:SOPITALISM ...You may be describing the next step in the new one world capitalism...powerful men taking advantage of less powerful groups of men and women, including the largely misinformed, third world situations, natural catastrophes, and so on...., based on advantaged and controlled media and therefore controlled thoughts and fears...

Thanks for your daily musings...I enjoy them....Good luck trading ....

boris said...

Dear John,
Thanks for you sharing your valuable ideas as well.

Indeed, the only thing new in the SOPITALISM is ... masterful using of MEDIA and FED money printing mechainsms.

Good Trading

Greenie said...

Dear John,

I think you are misguided about capitalism. Capitalism is a system, where free exchange between individuals is allowed - with the implied assumption that every individual knows or can figure out what he/she needs. When government starts to manipulate free exchange between individuals, that is socialism/communism.

I can tell you why you are mistaken about capitalism - because you are brought up to believe that USA is a capitalistic society, while it is not. Just think about it - how many ways does the government interfere with you, if you want to perform exchange of goods between you or another person?

i) Sales tax on the goods,
ii) income tax,
iii) road tax,
iv) tolls,
v) regulations about starting business, reporting, etc.
and last but not the least, government manipulating the purchasing power of the currency of exchange itself.

Greenie said...

>Dear Boris.. regarding capitalism...It seems to me
>that the major and fundamental/everlasting tenet
>of capitalism is man advantaging others..
>men,woman,situations... otherwise there would be
>no capital to accumulate from these actions or
>expend on such...

I see the problem. You believe there is fixed amount of wealth in the world so that for one to gain, another has to lose. You do not know the basic definition of wealth. Wealth is conversion of simpler forms of nature to complex ones. You take a pile of silicon, use your intelligence and make computer chip. The society became wealth. You take pieces of metal, and build a car out of it. Society becomes wealthy. This process is most efficient, when creative and enterprising people are allowed to work without any other burden.

For example, if Bill Gates and others did not create windows operating system and internet, we would not have been able to talk to Boris in another country. We would be restricted to our small neighborhood, and newspapers for our information. So, creation of computers made both Bill Gates and us better off. It is not a zero-sum game.

boris said...

Dear Greenie,
I agree that wealth is a bit of flexible "creature".

But when/if you fix the time in space ( quantum physics says you can not do, but let us ignore this for now) the assumption John makes that the wealth is of fixed amount is correct. In fact, it is correct for small streatches of time.

Nobody can deny that there is a win win possibility in this world, but GATES does not think that way when he declares "earnings" of the money stolen from the SENIORS Social Security via depreciation.

That is what I hope , think John means and I agree with him in that short term scenario, whil agree with you in general...
GOod Trading

xerxes said...

Thanks Boris....

Well, I try to care about timing...
Perhaps you can give regular updates on FXA and/or some other vehicles, offering astute entry/exits.....

boris said...

Dear Greenie,

I think that most of people reading this, especially people like John, understand very well the Wealth concept, except that we assume here of talking about and around certain situations, where we address all the scam that you describe as "interjection into free capitalism" by Gov...

By the way GOV the head SOPTIALIST is an inevitable result of the FREE CAPITALISM ( cause it can not exist, due to the weak demanding the protection , GOV, Thus creating the MAFIA called GOV)...

So we go in circles, till some brave part of society decies that this creation monster GOV need to go and you have REVOLUTIONS...

We are approacing the revolutionary period, which is sendond decade of a century, so this disucssion may become relevant sooner than many think


Good Trading

Blaine said...

Dear Greenie,

Speaking of government intervention:

Judging from the Fed's temporary open market operations today with Treasury collateral, Ben is going to cut 50 on October 31. There was $2.23B @ 4.186% and $3.75B @ 4.292%. Well below the target rate of 4.75%.

Boris,

How does this affect our timing? Does it reinforce an early November top ~ yellow line?

Thanks

boris said...

Dear Blaine,
Thanks for the info.
Appreciate it. You know, I do not let these things affect me( how could they? I do not even read them(: :))

You know we trade and for trading all we need is the SupportResistance(ATTRACTION ) points and the RISK-CONTROL method. That is all (: :).

Good Trading Dear Blaine