Wednesday, November 07, 2007

Limits

N QQQQ 54.00 ( 53.50) - 54.58 ( 55.00)
N SPX 1502(1488) - 1511( 1525)
N SDS 51.80( 50.55) - 52.53(53.32)

09:51 ET, Any Shorts, please protect gains. Put in the trailing stop. I would suggest that you take profits on 1/3 immediately and see if the rest can make you a lot of money.

10:29 ET, GOOG hits lower side of my limit range ( 740-765), AAPL is up there around 192 closer to my high limit ( 200). GETTING THERE
Dear Readers reporting real time. There are intractable events back in my country of origin Georgia. I do not really know what is up, but army was used to shoot and gas people.

World has gone crazy? Yes, Dear Paul, that is what I am telling the world for last year. That is what I say cause I see the oppression in USA/ISRAEL/GEROGIA/EUROPE. Remember I lived in all of these places and I understand what is up. This is not some drunk lunatic talking. The SOPITALISTS have destabilized the world to the point, where the only thing that is left is a prayer that all oppressed do not go on the same mission as people in GEROGIA and PAKISTAN are doing today. USA and EUROPE may think themselves as more developed and sophisticated, but the only sophistication in the way the SOPITALISTS operate and people cannot/willnot be fooled forever.

Independent TV director has just been taken over, the STUDIO is shut! In Georgia. Blackout ********************

14:08 ET, SPX supports at 1488, if this gives we could go into free fall.

14:18 ET, Dear Paul, GBP must stop at 2.11-2.12 or we are to see 2.38 area! before end of the Year, OUCH!

14:39 ET, Has Anybody noticed the YEN ROCKET?

14:58 ET, Does anybody remember easy numbers to remember for BKX ( 85.85)?. Well New Yearly low in BKX 92.89 hit today

41 comments:

cezarfi said...

Dejr Boris,
what happend to the yellow/white brick roads?
rgds
Istvan

John said...

Boris,
Sold half, thanx
Old John

boris said...

Dear Istvan, did you look at the graph?


I is still gloriously in charge and correct... To my pleasent surprise.

I do not know what to do from this embarrasment...

No guru has even been able to achieve this precision over 4 months...

God help me when the YELLOW BRICK ROAD becomes wrong(: :)

GOod Trading

lagscrew said...

Boris

THX for your limits Your 54.58 hit right on--bought some more TWM

7 Hindenburg Omens in the past Month---A sign

LAG

boris said...

Dear Lag, Thanks
ENJOY!

Good Trading

lagscrew said...

Watching IWM @ Fib 77.75 and big trend line about 78.25

LAG

lagscrew said...

Fitch Ratings has threatened to downgrade a clutch of top US bond insurers in a move that could set off a fresh credit crisis and cause contagion across America's $2,400bn (£1,150bn) municipal bond market.

Get the latest news and analysis on the credit crisis
Ambrose Evans-Pritchard: The sky has already fallen
The agency warned of a "high probability" that insurers CIFG Guaranty and Financial Guaranty Insurance Company would be placed on negative watch in coming weeks as a result of losses on sub-prime mortgages

lagscrew said...

Market smells like it ate onions again

NYSE NASDAQ
Advancing Issues 614 (19%) 732 (26%)
Declining Issues 2432 (77%) 1943 (69%)
Unchanged Issues 83 (2%) 112 (4%)
Total Issues 3129 2787

Up Volume 74 M (26%) 131 M (29%)
Down Volume 206 M (72%) 298 M (66%)
Unchanged Volume 2 M (0%) 19 M (4%)
Total Volume 283,879,000 449,060,000

New Highs 94 37
New Lows 148 165

boris said...

Dear Lag,
Thanks
Good Trading

lagscrew said...

No Problem #1--got to suck up to the Boss--LOL!!!

John said...

Boris,
thanx again
Old Retired Guy

lagscrew said...

One for the $$ Bears

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

young grasshopper said...

Hi Boris,

When would be a good time to pick up gold. Especially is one does not have any core holdings?

boris said...

Dear JOhn,
ENJOY! (: :) it could not happen to nicer guy

Good Trading

boris said...

Dear Hopper,

I hope for all that are waiting that we will get a nice chance of picking up the CORE in INFLATION protection assets ( GOLD OIL etc ) sometime after the next recession, which I think will come within next 12-18 months.

Can not be more precise now, but we will talk about this as time progresses.

Good Trading Dear Hopper

Blaine said...

Based on the current data, we will have another Hindenburg Omen tonight, barring any rally today that produces 400 new highs. Yeah right!!

That will make 8 signals in 18 days. This market is going down in flames.

All we need is GOOG, RIMM and AAPL to break, and the QQQQ is down 10%... CSCO tonight could breakdown, too.

John said...

Boris,
Pressure Gauge sell tomorrow?
old john

Sitting here waiting for another Bus down the yellow brick road.

John said...

All:
from a novice, that 1490 area is going to defended by the bulls
old john

boris said...

Dear John,
That would be right around my lowest limit 1488.


GOod Trading

John said...

Boris,
thanx
old john

Paul said...

Boris,

What is your target for the brutish pound? I can't believe these currencies. The world has gone insane!

John, nice job hanging in there. I'm glad it turned out well for you.

Thanks,
Paul

Blaine said...

Boris,

There goes 1488...what's next if we don't bounce?

Good trading

John said...

Paul,
thanx- following the yellow brick road that is all
old john

Voltaire said...

My LUNAR calendar say tomorrow is the anniversary of the 1987 crash low and the 1997 mini crash low.

The 1929 crash low was yesterday.

Yes LUNAR calendar so don't tell me the dates are different.

A crash low doesn't mean an absolute bottom just where huge plunge days occur.

John said...

Boris,
New York Attorney General is subpoenaing more records from Wash Mutual. If the whole story ever got out about this subprime mess, it would be DOW 5000 in a matter of days. What a scam and nobody did anything about it. My guess, is they will get to him to shut him up.
old john

boris said...

Dear John,

Thanks, I pray for all of us, but prayer is not enough, those that rape the people everyday, openly or not so openly, will eventually pay for it...

Too bad innocent are and will be hurt as well... Too bad.

GOod Trading

waldo said...

Boris,is this a good place to go long since your limits was hit. Thank you, waldo.

John said...

From a novice:
They are going to prop this thing up. Drive out the shorts ( those that shorted too late). CSCO earnings out tonight, if they are good, run up tomorrow to drive more shorts out.
old john

boris said...

Dear Waldo,
It could be, but I can not advice, cause longer term picture is not good and the short term you/I needed to buy it few minutes ago, not now.

Good Trading

boris said...

Dear John, Amen, you could be right.

Good Trading

boris said...

Dear Voltire,
Appreciate your insightful updates
Good Trading

John said...

Boris,
Yes, I watch the Yen as I did last night.
Old John

Paul said...

Dear Boris,

Many thanks.

Paul

John said...

Boris,
I remember and I also remember asking about SKF. you suggested to buy breaking 94 and I did. I sold at 98 and change.
old john

boris said...

Dear John,
ENJOY!

Good Trading

John said...

Boris,
I was wrong about running this market off 1490/ not the first nor the last time .
old john

boris said...

Dear John,

What you said was probable, not very plausible. The difference between the bad and good trader is understanding this nuance...

Good Trading

Damien said...

Hi Boris,

For those long term investors do you recommend picking up some more BAC here or wait till the BKX hits 86?

Your a champ. Thanks as always.

Damien

waldo said...

THE BULL IS DEAD.

boris said...

Dear Damien,
Thanks for the kind words.

I would not want you to catch a falling knife...

If I could see 50/50 chance for a bottom here, I would, but I do not see it.

We are getting a buy signal most likely today or tomorrow on our GAGES, but in this kind of free fall, buy signal, just can not turn the market in one days time...

For someone with a very/very long term horizon, I could say nibble at it ( which could mean 5-10% of BAC you may ever want to have), but that is it...

Good Trading

Blaine said...

CSCO disappoints. Down $1.00 currently afterhours...