Thursday, November 08, 2007

Limits




Q's have strong support around 52.55 - 52.67 Regardless

N QQQQ 52.43(50.58) - 53.47(55.27)
N SPX 1470( 1457, 1450) - 1483
N QID xxxx - 37.23 ( 39.3)

GO RON PAUL, FINALLY SOMEBODY TELLING FED that THEY ARE THIEVES! DID YOU LOOK AT RON PAUL QUESTIONING/LECTURING BERNANKE?
TOO BAD HE DID NOT TELL REPRESENTATIVES THAT THEY ARE FULL OF IT, BY HAVING FED IN THE FIRST PLACE AND THEN RQUIRING FROM THEM TO HAVE FULL EMPLOYMENT AND PRICE ( INFLIETION - LOOK UP VOCABULARY) STABILITY. ALSO TOO BAD HE DID NOT IMPLICATE WHITE HOUSE AND SECRETARY OF TREASURY

12:44 ET, COLLIPSO/COLLAPSO TIME?

GOOG(le) On the road to Ma(GOOG)
13:22 ET, Please note we are at 61.8% retrace of AUGUST RALLY

30 comments:

John said...

Boris,
thanx again, i dont know if i will participate.
old john

Mark P said...

Good morning Boris/all

The Huns are at the castle wall. AAPL, GOOG and RIMM(this one not as much) are getting hit. AAPL has bounced at its gap (moat) created from earnings day. When this goes -the flood gates open.

Mark P

boris said...

Dear Mark, Thanks,
GOOD did not look the same once it hit my lowest high limit for it 745...

GOood Trading

lagscrew said...

Sold 90% of shorts mainly QID

Vip said...

hi boris, great wisdom! can you give me your support levels for GRMN?, thanks.
gorli

John said...

Boris, I watched the whole thing. He was great. The clowns did not want to hear what he had to say but he was great.
Old John

boris said...

Dear John,
Thanks
GOod Trading

xerxes said...

Hello Boris.....

So, do you think the buck has finished its "rally" and is to be sold once again?

boris said...

Dear Xerxes, NO
I think $ rebounds into the end of next week.

Good Trading

boris said...

Dear VIP,
GOod To hear from you.

GRMN died around 120 or so.
LIkely targets below 71 and 50

Good Trading

lagscrew said...

Borris--at this time with $ pulling up for a week will that hurt or help stocks---I know it usually helps for $ to go down to push stocks up but when it goes to far it hurts

LAG

boris said...

Dear Lag, DOLLAR weekness has two affects, one people dump US assets and two those that think the way you said ( Lower Dollar is good ), start thinking, what if we are close to the end of the Dollar slide?
"My God They could start supporting DOLLAR and dump the Stock Market"

So , it becomes damened if you do and damner if you do not.

GOod Trading

Voltaire said...

Remember today is possible crash day.

When futures were down way before open I thought we might start lower and recover.

When we actually started up that was not a good sign after a big down day.

Keep a very close eye on it.

boris said...

Dear Voltire, you were/are in sync with "YELLOW BRICK ROAD".
Thanks.

Good Trading

mlytle said...

Hi Boris,
I like your Ron Paul comments..spot on..He's my candidate if he can get to the point he can be elected...

Market has been amazing, blew through my trendlines and went beyond my deepest fib projections...Looks like we are finishing up wave 3 down of this correction on the $SPX..I sold my bear fund maybe a little early but no complants...

Happy trading all...
Mark Lytle

John said...

Boris,
Just back at the computer, i should have traded but other duties called. The yellow brick road.
old john

John said...

Boris,
Any chance They go in and try to rally this thing?
old john

lagscrew said...

Sold remaining TWM 72.20's vs 66.82 buy---THX Boris- The two Marks and everyone else.

LAG

boris said...

Dear John, This has all signs of a collapse, they could rally it back, of course, but my feeling is that we will be much lower according to timing of YELLOW BRICK ROAD.

GOod Trading

boris said...

Dear Lag,
ENjoy!

Good Trading

mlytle said...

All,
Put/call ratio rising fast..decline is probably over..but don't quote me!

Good luck,
Mark Lytle

John said...

Boris,
thanx- another bus tomorrow, no wifely duties.
old john

Voltaire said...

Market bottomed same time as yesterday.

Then hour and a half rally then down hard.

Repeat maybe.

xerxes said...

Dear Boris....

??Dear Xerxes, NO
I think $ rebounds into the end of next week.??

Is this USD rally thru next week simply a slower rate of decline rather then an actual rise :-)

boris said...

Dear Xerxes,
Today tomorrow, the GOLD and Foriegh currencies ( eception JPY mayby) will stop rising and the DOLLAR gets stronger. After 1-2% rise the Dollars renews dropping , most likely after the end of next week.

Good Trading

waldo said...

Boris, I have been gone all day. Do you mean on your charts that the brokers are ready to be bought. thank you, waldo.

boris said...

Dear Waldo,
When a group enters the upper part of the chart, that indicates an oversold condition, but some groups can stay there for a long time, like builders and newspapares. So, one should not hurry purchasing these groups, but note that they are oversold and see if other signs of the market indicate possibilities of rebound. So far I am not buying these...
Good Trading

boris said...

Dear Waldo, Readers, must make it clear.

My response to you does not mean that BROKERS cannot/willnot rally, they could actually stage some strong rally. Remember Builders staged a 30% rally last year. Well, then they proceeded to lose some 50-60% of their values.

So, being in the upper part of the table, cautions of sudden rallies, but only decisive cross into the lower part of the table proves that a lasting rally could be in place.

Good Trading

xerxes said...

Hello Boris.....

Regarding that table, I thought you buy what's on top and sell what's on the lower parts....

I guess my understanding was too simplistic

boris said...

Dear Xerxes, you must treat this table just like you treat and RSI indicator. SOmetimes the onversold/overbought conditions last so long that it is actually better to buy the "overbought" security than to buy the "oversold" one.

This is the way oscillators work.


Good Trading