Thursday, December 06, 2007

SignalStatusReading

Dear Readers. Signal Status is 5 digit number of the type 1,1,0,0,1 where 1(BUY) and 0(SELL) signals relate to the 5 timeframes of WEEK/DAY/60M/15M/5M. This way the signal is a multidimentional entity. x in place of 0 or 1 means the particular signal is not relevant for our discussion, even though it has a value(1 or 0). Please note for Japanese YEN 1 means sell, cause the YEN is quoted in inverse. Note, for short term traders the hourly (middle ) signal is the most dominant signal. While markets can go against this signal that cannot and will not last too long. These are powerful signals. Of, course even with 1,1,1,1,1 the market can go down. No guarantees here, but again for short term trader if you see picture of x,x,1,1,1 or x,x,1,0,1 or x,x,1,1,0 you should be relatively safe to buy this market , using limits and other info, of course.
13:03 ET, Stock market ES futures is now hitting the 5th resistance at 1498! It is not the greatest sign that SPX is leading not Nasdaq?
13:25 ET, So far 1498 on ES is holding!
Jim Taylor, JD said...
Hi Boris,HI JD, Huge Resistance Cluster:
13486 DOW
2679 NAZ
9926 NYSE
2105.5 NDX100
1492.5 S&P500
Best Regards,Jim
Jim Taylor, JD said...
SHORT DOW at 13515 Jim
12/06/2007 11:14 AM

14:25 ET, Another Assault on the 1498 level by ES futures is/has failed? Could be, unfortunately though the trend does not seem to be exhausted on the 5 min chart.
14:38 ET, We have now reached the exhaustion on 5 and 15 min charts and 15 and 5 min signals just flipped into sell making the current SPX status x,x,0,0,0

32 comments:

waldo said...

One means sell but does it mean sell the yen or short the market. Thanks Boris, waldo.

boris said...

Dear Waldo,

Market has its own signals. But you can use YEN signals to supplement that.

1 always means BUY
For all markets, only for YEN it means (in the YEN status, yuo follow this right, only in the YEN signal status) it means SELL YEN.

From here you may infer that due to the coreelation withe stock market you need to buy Stock market.

Right!

But each digit stands in its own status as I write it and it only refers to that SECURITY on that line.

You make correlations.
It is not in the lines I write

Thanks Dear Waldo , GOod Trading

waldo said...

The russell 2000 just hit it's 62 fib if you go by IWM. I have it at 77.65. The russell seems to be stronger than the others today. Waldo.

John said...

Boris,

thanx again, waiting for next bus.
old john

boris said...

Dear Waldo, JOhn,
I am not upto it at this point, but market status x,x,0,1,0 seems to be pretty conducive to short placement at/around limits...

Good Trading

Blaine said...

Boris, Waldo, John,
Intraday money flow calculations show that XLF and SPY are being heavily sold by institutional money. Looks like distribution. XLF has an 8:1 down ratio and SPY is 3:1. That is measured by down/up ticks on block trades.

Would it be better to wait until after the Tuesday Fed decision to go short? Or will the bus leave the station by then without me?

lagscrew said...

Just picked up SRS and TWM

boris said...

Dear Blaine,
Even as so many things indicate that we should be shorting market. I would love to see that the Yellow oscillator on the Summation chart has stopped rising and dropped back towards the zero line, to make sure that we do not have sleepless nights.

Now, we could be late as that may happen as the market tanked in early ( night in USA) hours. But these are the things traders must consider individually.

Now to reiterate the state...

1) our Million Dollar system is short at this point
2) our Summation line is high and ready to hit back
3) Status as displayed in 5 digit notation is bearish.

These all add up to a call for an intelligent SHORT ...

The decision is individual though and I expressed my opinion above

Dear Blaine, Good Trading to you.

boris said...

Good Luck Dear Lag.

Good Trading

mlytle said...

Hi Boris,
I really like the annotation you put on your summation chart...makes it much clearer...wanted to mention that if the market doesn't reach the 1517-1521 range an earlier Fibonacci target would be 1511 which is 62% of the 10/11/07 to 11/26/07 drop and also a 62% extension of the first surge off of the 11/26/07 bottom...

Regards,
Mark L.

boris said...

Dear Mark,
Thanks for update.
GOod Trading

lagscrew said...

Sold UNG (4% gain)

picked up a few more SRS few min. ago

boris said...

Dear Lag,
Enjoy,
Nazdarovie,
Good Trading

That post about ES hitting the 5th limit was a nice moment.

GOod Trading

samc said...

Hi Boris this is Sam if u rembmer, I want to wish you a happy chanukah for you and your family.
Boris could u please, send me an email to sam.kohan@yahoo.com
i need to ask your opinion on a subject. Wish u a good trading and thank you.
Sam

boris said...

Dear Sam,
Welcome back.
Smae well wishes to your loved ones.

Good Trading

Response in the email.

lagscrew said...

Boris--(yes the 5th)

Thats when I sold UNG and added SRS

Thank you very much

LAG

boris said...

Dear Sam,
You got EMAIL UNDELIVERABLE To that EMAIL you gave me below.

Can you please email me at
bchikvash@aol.com

This email is in the profile when you need it.

GOod Trading

boris said...

Dear Lag,
NAZDAROVIE.
GOod Trading

Jim Taylor, JD said...

SHORT DOW at 13515

Jim

lagscrew said...

Boris

do you think they are running market up and % rates up here so they only have to cut 1/4 instead of 1/2. (take a little pressure off)

my thinking is 1/2 point would hurt carry trade to much

John said...

Lagscrew,

From a novice's point of view. They are running this thing up for the Dog and Pony show now all over the TV>

old john

I remember the same nonsense when Nixon announced price controls. Dog and Pony show.

old john

boris said...

Dear Lag, I am not sure, but
I would not fight this market right here if ES goes much futhre than 1500.50 and we just got 15 min signal flip into sell from being buy. Hang in there few more seconds


Good Trading

boris said...

Dear Lag, at this point it is just a matter of nerves being strong enought to stand in there, as the trends are so stretched that they will/should change, but it may not be soon enough depending on what your ability to withstand the trend against you is.

I hope your position is managable, then I would not worry about it too much as this must be traced back in a correction to come soon.

If your exposure is big though, I would lighten up , at least as soon as Q's have printed 52.23

Good trading

malcolmm said...

hello jim. missed you there for a while. it has been good to see you popping back in recent times; sort of like a family member returning after an extended trip or something.

voltaire, you probably have run across this, but it will be new for others. here it is anyway:

http://www.uq.edu.au/nuq/jack/Voltaire.jpg

the voltaire bust (above) is from a neat site "Perceptual Rivalry and Reversible Figures" ... some entertainment for those waiting to place their shorts:

http://www.uq.edu.au/nuq/jack/rivalry.html

good trading
malcolm

boris said...

Dear Malcolm,
Thanks As always timely peaces
GOod Trading

lagscrew said...

Boris

I am still $$ ahead today as I still have GDX and GLD

I am shorter now than long tho

THX for your help

waldo said...

Next resistance for the dow is 13,659. waldo

Blaine said...

I sure hope we are building a head and shoulders top on the indexes.

I bought puts on the DIA in two steps today. Half at the SPX high limit and the other half at the close. The market doesn't seem to be listening to Jim Taylor and Boris today. But like Boris said, the gauges start acting weird around Fed time...

boris said...

Dear Blaine,
The gages are OK at this moment, especially the summation. It is saying simply that we need to wayt until those YELLOW and BLUE oscillators come down and from the looks of it today none of them came down. So, we respect the markets wishes and keep waiting for a better time to short.

Good Trading

Paul said...

Boris,

Do you track daily hits to the blog? It would be interesting to see if there is any spike before a rally like this.

Sentiment indicator is a powerful tool. Shorts were forced to cover.

boris said...

Dear Paul, no I do not track ghose numbers. YOu are correct though. They just ate the shots lunch today. The midday PUSH was very very powerful and volume at that time was powerful.

Well I have seen the same pattern in/before Sept "FED time"

Good Trading

Blaine said...

Boris, the only difference is that September "Fed time" had a rising yellow brick road. We are facing a falling YBR next week.

I just tried to anticipate an oscillator turn today, which obviously failed. I found that if I wait on the oscillator to turn, I miss the tops sometimes by a wide margin. I certainly will wait for the next oscillator downtick before proceeding.

I was also overly courageous when I saw how heavily the SPY was being distributed today by the block orders. Even the DJIA saw healthy distribution.

We live to fight another day.