Wednesday, February 06, 2008

Attraction Points

N QQQQ 43.67,43.58 - 43.90,43.99 ,43.20,43.41
N SPX 1334,1330 - 1346,1349, 1353
10:10 ET, in my opinion low risk opportunity may come at 1st SPX or second. Watch Carefully

10:25 ET, was anybody able to catch the Apoint on Q's , I am short from 43.99 and lowering stop down to breakeven, Well I know LAG, and IVAN/JOHN are short already...
10:30 ET, took 1/2 profit 43.78
10:38 ET, out breakeven 43.99 on half. Those suckers must have read my remarks, I think we move lower still, but I am not chasing markets ever.
12:56 ET, Ok the Bools(:- of the Nasdaq pushed the Q's couple cents close to the third Attraction Point and got recjected, since then we moved lower steadily.
13:57 ET, we are now at first on Q's looks like passing it. If you are still short, take some profits ( 1/3 rd or someghing)
13:58 ET, At the second , almost on Q's
14:13 ET, Q's approaching third
14:21 ET, nasdaq kissed third at 43.09, BROKE? 42.71, 42.30 are 4rth and 5th!
14:28 ET, Third is not broken, YET

26 comments:

curaki said...

Hi Boris,
did you mean, for long or short oportunity? Thanks, Ivan

boris said...

Dear JOhn,
I mean for short, we are approaching 1st high

Good trading

curaki said...

Thanks Boris. Yes, Ivan is John in Croatian!

boris said...

Dear John/Ivan YES(:-
Good Trading

John said...

Boris,

Did not catch it, but played the spx. thanx

old john

lagscrew said...

Good morning Boris

My indicators have a long way to drop yet.--was expecting some up today to relieve the pressure.

almost sold some shorts but market turned just as I was entering them so will hang in there for now

LAG

boris said...

Dear Lag,
Thanks
Good Trading

lagscrew said...

Missed TWM by 2 cents of a sale

boris said...

Dear Lag,
Keep another bus will come soon...

GOod Trading

Jason said...

Boris,

Your short term view on currencies against the USD? I am thinking we get a little consolidation/bounce against the USD then the USD takes control again in a couple days.

Jason

boris said...

Dear Jason,
I see danger to $dollar untill FEB 21 but not highly probable for it to make new lows.

GOod Trading

lagscrew said...

Apple just broke 126--this is bad

lagscrew said...

Check out Marks blog

boris said...

Dear Lag,
Thanks, Yes, I see it on Mars chart

Good Trading

lagscrew said...

Train may have left the station

$$$$$$$$$$$$$$$$$$$$$$$

boris said...

Greetings Dear Lag,
ENjoy the ride.

Good Trading

gorli said...

hi boris, what is your opinion about yen vs dollar?gorli

boris said...

Dear Gorli,
I think the YEN is finished making highs against Dollar around 104.XX, but there is an outside chance it could better that in coming 3-5 weeks.

I would give that a chance of 50/50, but I do not see the new very strong highs for YEN. 103-102 area should be max if it happens.

GOod Trading

gorli said...

thanks
gorli

gorli said...

hi boris, what do you feel about gold and silver?
gorli

lagscrew said...

wow apple cant even back test 126 ????

boris said...

Dear GOrli,
Just search GOLD and you will see all the info you need in last 4-5 posts.

I think they have topped for next 5-12 months

Good Trading

John said...

Boris,

thanx for the spx AP> I did ok. Out to shovel snow, it is a blizzard.

old john

boris said...

Dear John, Enjoy

GOod Trading

lagscrew said...

Boris

sold about 70% of twm and srs near the bell

THX for the help

LAG

boris said...

Dear Lag, Enjoy.
Good Trading