Monday, June 30, 2008
AS JD would have said, we hit a cluster:
EVEN SPX HAS A CLUSTER POINT 1277
Watch them, we could be lifting , if these hold
Let us hope they hold
10:55 ET, this above call was made pretty early in the game around 10:10 or so. And that Cluster has, at least so far, supported market very nicely. Transportation is leading the charge higher and rest seem to follow. Watch carefully though, TRANSportation will encounter a resistance around 49.60- 49.70
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OK it is obvious that this market is lethargic and even on a day 6 of BUY from the ROBOTS is not reacting to the signal strong enough. We know that average days in a losing trade ( WHEN ROBOT LOSES) is about 9 days. This implies couple more days of struggle? In any case, it is noticeable that the SPX is stronger and the NAZ is lagging, which may have to get even more lopsided before the market is able to move higher. Perhaps today and maybe tomorrow are preparatory days for the market to do so. Watch the ratio of two markets. Good Trading
3306 3289 3261 3215 ESTX 3389 3406 3434 3479
Dear Shakers Subscribers, We are not giving Shakers Services Away, This is a temporary set up to familiarise the people with the Service and Checkout the ability of our server to handle the traffic. It is impossible to get a consistent view of what is where from here alone, anyway, which is what is provided to SHAKER subscribes in a sorted complete file.
Please note on the Right hand side you have the ability to enter the SHAKERS database and checkout the ranking of your stocks. It would, actually , be a good Idea if you just go and work outside of this page as you will be looking at our server address in our URL. This facility is the one sign where we are going. We will migrate all/most services to our own server and they will be protected and automated. ENJOY the service and Please make sure you enter the CAPS for stock names.
Please note Shakers Database has NYSE, NASDAQ, AMEX ,TSX and INDEX symbols. No Asian, Australian and/or European Stocks at this time.
Our checklist summary here is that the few things are still pointing down or look undone. There was no real volume capitulation on this move down. There is no exhaustion on PCratios. YBR is still pointing down/sideways. Vix never registered capitulation. On the other hand the Pressure/Asset charts have registered enough capitulation to count. And Prices are a natural support ( old lows) So, we have a mixed bag that makes the trade hard.
Evaporation of Gold mornings rally ( in complete harmony with our GOLDENPROJECTIONS) is a good sign for Dollar and temporarily, at least, for stocks.
So, the build up in the political arena, has not translated into Monday crash. Ok, So, if GOLD does not break out hard today and falls a bit back tomorrow, for couple days, like GOLDPROJECTIONS shows, then we are still in a reasonable up moving curve in the ANTIDOLLAR, but not in the Rocket?
Turn up in Dollar within next 5 trading days would confirm the long/long anticipated pattern of rising Dollar into September. MDS being into day 6 of BUY suggests then, that we have a bounce of sorts coming, almost regardless of the PCratio being against big bounce. My own actions in the market are as follows: I am ready to buy at the convenient points APs , Exhaustion low moves within 5 minute intervals etc, in the hopes that Crash has been averted but will be very quick in cutting loses and/or taking quick profits as the total picture is still muddied. Day is still young and anything can happen.
Now, for a minute, let us put a FUNDAMENTALIST HAT and review the world in that light(HUH). Money supply at various levels seems to be not growing at the levels they were even few months ago. C&I loans were very strong last year now even those are subdued. Mortgage and Government Borrowing in total is still growing at 15% so, that is supportive for stocks, as far as it goes. FED base is growing lethargically( around 1%) even as other innovative ways of liquification is going on. If World holdings of Federal+Mortgage debt was to take a sudden dive, then we could have all out "REDUCTION" in monetary growth support for stocks and could go much lower, which in turn could support Dollar Immediately. So, you see, REST ASSURED, that this technical trader, always has the "back" EYE on the fundamentals driving the markets. Right now CENTRAL bankers seem to be serious about slowing the the world down a bit. Profits are falling (exception is OIL industry) and the unemployment may need to grow, till it, eventually, shows up as an "improvement" in the profitability of the S&P.
FOR AN INVESTOR, PLEASE CONTINUE ADDING TO YOUR QUALITY STOCK AS YOU ARE INVESTING FOR A LONGER TERM Dow YIELD now is 3.5 not bad.
Sunday, June 29, 2008
Why is that? Think about it this way. Here is a very simple person Boris Chikvashvili that seems to get most of future events right. Why? Somebody must have planned it and I must have intercepted ( deciphered ) the plan. Otherwise how? What real powers do I have? None... My Dear Reader. My power is in my ability to predict what was planned from looking at past patterns. Do you see how/why I am able to see the play in politics? Only via following the patterns of money and markets.
This is what you are getting here at ANTI-SOPITALIST. NO BS... only the honest attempt to look at the past patterns and tell the future.
That is why we have a lot of moments of truth on this BLOG, while others are dreaming to achieve the same level. Thanks for being with us. Your are the reason to work for. You are our stage and we feel like the artists totally dedicated to please your financial senses and educate in the new way of thinking. I hope we can live up to it.
He must have read our predictions just few weeks ago and repeated last week that initial target is 152-4 and later target could be 172-4
Dear Reader, think about this we have few people from ARAB countries subscribing to our services. We frankly do not know if they are From OPEC and/or for OPEC?!
America of President Bush, has thought the OIL producing countries that instead of working hard and being busy putting bread on table, they can just sit in cafes all around Mideast, MOSCOW and LONDON and think/wish of the day when the STUPID AMERICA finally falls on its face, while they keep getting rich with their deposits under the ground. How outsmarted are the grandchildren of EDISON.
Yes, I am tired commenting on this subject, this is what I want not what my comments of a bystander are. USA is now working for foreign interests(including multinationals) not for its own interest. When it does that , it loses respect and world loses the one compass that can keep it straight. When the CAT is SICK the MICE play.
USA in this state is the most dangerous thing that happened to USA and the WORLD together.
For gods Sake why would not we hit RUSSIA first. They are the ones who build and transferred and are transferring know how to Iranians. Instead RUSSIA is getting rich by OIL prices being jacked up together with other suspects we listed here many times.
Saturday, June 28, 2008
Friday, June 27, 2008
The Protected Link is updated as well clickme-> Protected Link
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14:30 ET, this little rally here, mostly in financials, maybe ending next 15 minutes.
15:08 ET, if you pay attention , you see that top has indeed occurred within 15 from the above statement for SPX
Thursday, June 26, 2008
15:00 ET, Today XAU Intraday predictions...
904 902 899 896 xau 911 913 916 920
high so far 915.50, not bad
15:05 ET, Daily Projections? OK
899 901 918 945 gold 866 864 847 820
Do you like this kind of forecasting? If you would like the taste it... Then just send $150/quarter to www.paypal.com who will need my email firstname.lastname@example.org and my name Boris Chikvashvili for clickme->TAILORED SERVICE .
15:00 ET, If market can not recover much between now and close, it is toast
5978 5834 5598 5214 DAX 6685 6829 7065 7447
3265 3236 3188 3110 ESTX50 3409 3438 3486 3564
I am not 100% sure about these numebrs will check again, Please watch ESMINI numbers as well
Intra is on protected link as well. clickme-> Protected Link
10:08 ET, verified the above numbers, they look correct
10:18 ET, not guaranteed, but if what I look at is to come to pass, we may not have the low of the day before 2:30... HUH!
This is not to scare anybody fast with APs to try catch the wave, but just something that I can pass along at this time.
11:05 ET, there could be some bounce, here a bounce time? I am not byting it.
11:06 ET, Our ANTIDOLLAR GAME looks BILLION DOLLAR, by minute!
If GOLD GOES Here +50, all bets are off, we are on the rocket as stated few days ago.
Do you like this kind of forecasting? If you would like the taste of it... Then just send $150/quarter to www.paypal.com who will need my email email@example.com and my name Boris Chikvashvili for clickme->TAILORED SERVICE .
============ SERVICES ABOVE ==============
13:30 ET, as we said we did not expect the lows till 14:30 and we could be right again(:-
Yes this is what we do. We save money and then make some for our subscribers. If you would like to taste how...
Then just send $150/quarter to www.paypal.com who will need my email firstname.lastname@example.org and my name Boris Chikvashvili for clickme->TAILORED SERVICE .
3408 3399 3385 3361 ESTX50 3451 3460 3475 3498
Wednesday, June 25, 2008
Intraday added to protected site
1319 1317 1319 1310 spx 1328 1330 1333 1337
10:23 ET, we got little bit of a good news on the home sales in USA, but the markets are really waiting for FED interest rate decision 14:15 ET. I happen to think that it could be MILDLY negative
14:22 ET, Ok we got a bit push up on the market, most of which... ANTIDOLLAR, OIL is back to losing a bit and GOLD pulled up from lows too. This all proves that the ANTIDOLLAR and DOLLAR and all the BS in the markets will walk the narrow line as the Powers want it at this time. Very nice show of force to hold 100 Trillion Dollar Speculators scratching their heads. Anybody and everybody that take position seems to see market turn against and pro every day. Does somebody love this?
14:39 et, Yes, and the chief ANTIDOLLAR ( Stok Market) is rallying a bit more, while the Dollar is MILDLY lower.
15:09 ET, I knew the days of MAN(myself) triumphing over machine(BEAST) was coming to close and perhaps today it is closed(:- to neutral to Dollar for
next few days.
10:25 ET, based on the position of our beasts, we would be on the long side at this time. Unfortunately our total weight of evidence is, close but, not so kind to the long side. So, we watch. Please note, that we did make the statement of 25 Jul +-1 trading days to signal some sort of a turn date. So, we are proven correct but not in the market. No problem, if our caution is not rewarded, that would not be the first time the beast has made us humble(:-
Dear Readers we place this CHECKLIST ( WEIGHT OF EVIDENCE, we call it), which was guiding us today. I am sure, that once you look at this, it will become much easier, to refer to the things Dear LAG, SHARON, JOHN, HOWARD, John S., BLAINE and others were talking about. You see this is what every subscriber gets everyday, in addition to the more details fro some, all the items in this checklist, as well as the possible turn dates. This forms the mental positioning of a trader before the trading day starts. Read this CHECKLIST and reread some of the comments and you will see a lot more sense behind the moves trades ( SHARON, LAG, JOHN) reported today. I just hope it helps. Because it is not so cheap to operate all that is on this site, we are not able to provide this checklist and info behind it free. If you are serious about TRADING/INVESTMENT though, consider some of our services and you will be going into trades having the same kind of WEIGHT OF EVIDENCE.
Reading this you SEE much better, what John means when he says, he looked to trade locally. John knew that while the pressure to buy was growing, not everything was pointing higher. Thus he, usual , careful self, convinced himself early on... "I will try to make my few bucks and I do not want to push my luck today, by going stronger or longer than I need to". You can see how nicely Johns mental preparation played out in the market. Thank you John.
Besides providing, often unique, information, we pride in providing coaching, so that you can do it yourself, with the help of whatever completes you weight of evidence. We do not have a lock on that. You may have things that are just as valid/valuable to consider. But we do teach how to think about the markets and give a consistent view day by day to keep trader straight and narrow. FOCUS , conserves traders mental powers and without the weight of evidence , there just is not enough of it to keep HUMANS/traders straight and narrow.
13634 13571 13469 13304 n225 13940 14002 14104 14269
I got a lot of warnings and information, from subscribers/readers, related to USB purchases of mine. It is all legitimate. It is clear that banking industry is in a bad shape. Now, to my style of investment. I will take the investments in companies that I think will survive, even in the worst group. USB is not in as bad of a condition as many bigger banks are. Not all banks will go belly up, if any , until we have FED stealing from SEINIORS and giving to banks. Yes they can go down in price, as they have done. Off all the bigger banks JPM and USB behaved, best. If they show signs of cracking too much I would throw these investments, otherwise I buy 10% of Bank allocated banks on every 10% decline in what I perceive are the best behaving banks. That is very simple method for somebody that beyond basics does not really want to read fundamentals. They are not for my style of investing while trading. Most of the time these things rise and sell them with profits and if they do not, I just collect dividends, until I think these guys could be cracking. Then I will bail out.
3391 3378 3356 3322 ESTX50 3455 3468 3490 3525
Tuesday, June 24, 2008
LOOKS LIKE I CAUGHT BAD NUMBERS UP THERE
1305 1302 1296 1290 spx 1320 1323 1329 1336
Also the Protected Link is FRESH completely, clickme-> Protected Link
Dear Robert. There questions that are best answered via questions.
When something is up as extraordinarily as OIL in last 6 Years, what could be the reason?
My first reaction to everything, Unfortunately so, is... Follow the Money.
When I follow money, I find the following culprits.
1) BUSH Family & Friends are industrialists, that is how they made money.
2) USA today is totally starving for tax revenue, The best one left is OIL, I touched on this yesterday and US politicians can not live without taxes, let alone POLICE/FIRE/TEACHERS etc. So the constituency for OIL money is larger than anybody thinks ( not a small conspiracy if it is one(:- )
3) PUTIN needed to be SHUT up and he was given Quarter Trillion Dollars to do so.
4) ARABS countries needed to feel rich, so that OSAMA would not find a fertile ground for recruitment. Frankly , despite Trillions transfer ed to ARAB world, I do not see it has helped much or will help much. ( I must admit, there is a big progress all over, but masses in poorer Arab countries are not much better, that is what I mean)
5) Then there came a collapse in BANKING COMMUNITY and they need to be made liquid again, so I would watch carefully how much of the Bank/Brokerage future profits come from "TRADING" OIL/GOLD/CURRENCIES etc.
6) REMEMBER, FED is nothing federal. This is a private BANK owned corporation which worries about Banking system solvency and could not care about you and me or economy in general, until there are riots in the street. They are the largest manipulators and they do not mince the words. Dear Bernanke and all other say very often , we need to fight the precept ion of INFLIETION?vocabulary. Notice "perception" not the INFLATION itself ( cause we have the INFLIETION?vocabulary). Central Bankers of the world are the most dangerous people for the health of ordinary citizens everywhere! FED will do anything to make banks profitable and guess what if they profit, you do not, by definition of ENGLISH+LOGIC
7) BIG commercials on the commodity exchanges are not so much speculators, as they are the OPTION PREMIUM COLLECTORS. EUREKA! that is why it took almost 7 years for OIL and GOLD to go up not much more than they rocketed in one year of 1973. Those people want to go slow and collect the premiums provided by "little guys" that we hear all the time buy options.
8) While some of this is complex and some of this is conspiratorially flavored none of it is new, except the SOPITALISTS change the methods as the technology advances, where there were no options they could not use them(makes sense 1973 looked different). For the reasons above I would be very careful when looking at COT(commodity traders commitment) numbers.
I hope we can find more time later to address finer details of what is discussed here, but I think this should provide enough food for thought.
5255 5249 5240 5224 5205 SPI 5284 5290 5299 5315
13642 13579 13476 13308 n225 13951 14014 14117 14283
6566 6552 6528 6491 DAX 6636 6650 6674 6712
3408 3398 3382 3356 ESTX 3456 3465 3481 3507
MDS and DailyUpdate are FRESH at the Protected Link clickme-> Protected Link
Monday, June 23, 2008
protected site has the fresh intraday info
I would think of collection on MDS/short gains or placing a stop that guarantees that much gain. Let us not forget that there could be more downside though and a bigger crash is not out of the question completely.
I am adding ever so slowly to my high QUALITY high YIELD stocks.
INVESTOR! I would not mind you doing that.
Dear Readers, we asked our subscribers, in the protected site to collect the profits today, but not be in a hurry to buy the market. Well, I am sure, you would agree, that turned out to be a reasonable play for today.
I must state right here and now, It is possible for tomorrow to turn out really ugly. If the market comes under early pressure and Dollar does as well ( which is possible, from the way GOLD dropped and did not have the continuation today) the renewal of the immediate crash scenario comes right in our face. Let us look at few things tomorrow to ascertain the probability of this, but I am asking you do not take the longs with you home today, you could always put them on tomorrow (and if not who cares). This would become a milder warning if the market has a strong finish and SPX is up more than 5 points today.
What will be the Major signs of ANTIDOLLAR BREAKDOWN?
0) a twenty dollar break in OIL below 119
1) sharp break in GOLD below 840
2) sharp break in British Pound below 1.94
3) sharp break in JPY above 109 (quote)
4) sharp break in AUD below 0.92 , finally!
4) Relatively milder breaks in EURO/CHF
Now these are not the prices to sell at, these are prices for setup for sell.
Actual selling will have to come on corrections back.
At the end of the day, we have been getting, what I called a flatlining a couple months ago. It is clear to me that everybody, especially longs in ANTIDOLLAR, are interested to keep the prices around here and Dollar Down, so that they can UNLOAD their merchandise on BOZOS and that takes time.
I would think of collection on MDS/short gains or placing a stop that guarantees that much gain. Let us not forget that there could be more downside though and a bigger crash is not out of the question completely.
Nevertheless the statements, to congress, by T. B. Pickens and others advancing the BS about PEAK OIL, that there is no more OIL are causing some of us ask the question, why after all is the OIL where it is.
Well, I it is simple, If you are going to keep second and third biggest Muslim(and second and third with proven reserves) OIL producers from producing more OIL and, actually give them incentive to all, not to extract OIL, why would there be more OIL coming online. Why would IRAN develop more of the huge oils and gas fields, if it can make more money keeping the rest in the ground? In fact, why would Saudis will do that? Why Russians. And Of course IRAQ is held from producing not even half of its ability to produce. Well, after more of all these questions, I hope you have your own answers. And the heavier and heavier guns used to prop up the OIL ( Nigeria and Turkey do not cut it any more) the end may well be close, but need patience and technicals to watch.
And Please do not anybody tell me that AVERAGE AMERICAN municipality is innocent in all of this. What would the Local and Federal Governments do without over 100Billions of taxes payed by EXXON(XOM) just lat year. These Oil companies are Tax collectors. Not OIL producers, they are branches of silently and progresively oppressive government. Of course nobody should suspect that I have more respect for EUROPEAN governments that have been taxing their people, for ages, at $4 and now more than $6 for gasoline
5177 5158 5126 5075 SPI 5273 5292 5324 5375
13474 13334 13104 12730 n225 14163 14303 14533 14905
6538 6515 6477 6417 DAX 6650 6673 6710 6771
3397 3385 3365 3332 STOX 3458 3470 3490 3523
For those who noticed, our previous readings for SPI and NIKEY were false readings. Apologies for bad data from us.
Sunday, June 22, 2008
Saturday, June 21, 2008
Friday, June 20, 2008
9:42 Et, higher OIL, bad sign and continuation of our ANTIDOLLAR PROJECTIONS.
I WAS ABLE TO GET OFF THE EMAILS
1323.4 1320.4 1315.5 1309.5 es 1336.1 1339.1 1343.9 1350.0
11869 11834 11777 11706 ym 12016 12051 12108 12179
47.86 47.74 47.54 47.30 qqqq 48.36 48.48 48.68 48.92
1320.6 1316.6 1310.1 1302.0 $spx 1337.4 1341.4 1347.9 1356.0
107.22 107.08 106.86 106.58 jpy 107.82 107.96 108.18 108.47
1.5581 1.5570 1.5552 1.5530 eur 1.5628 1.5639 1.5657 1.5679
899.35 897.80 895.28 892.16 xau 905.90 907.45 909.96 913.09
17.35 17.29 17.21 17.11 xag 17.56 17.61 17.69 17.79
1.9750 1.9750 1.9750 1.9750 gbp 1.9750 1.9750 1.9750 1.9750
1.0134 1.0117 1.0089 1.0055 cad 1.0205 1.0222 1.0250 1.0284
0.9515 0.9504 0.9486 0.9464 aud 0.9562 0.9573 0.9591 0.9613
6.0039 5.9962 5.9837 5.9682 sek 6.0364 6.0441 6.0566 6.0721
14804 14785 14754 14716 $tsx-tc 14884 14903 14934 14972
88.81 88.68 88.46 88.20 gld 89.35 89.48 89.69 89.96
172.27 171.94 171.40 170.74 slv 173.66 173.99 174.53 175.19
109.53 109.24 108.77 108.19 uso 110.76 111.05 111.52 112.10
10:22ET, OK, HUH! Markets are down , now the only question is? do they have... what it takes to dig themselves out of this ditch. I am afraid, any new lows in the afternoon 2.30 or after are the sign that we are crashing
10:28 ET, updated the Protected site... Has everything fresh
11:44 ET, If you are short, Please protect it, crash is still very possible, but not guaranteed and if market finds a way to survive here it could spring back up. Keep all you options close.
14:05 ET, I am disappointed in chief ANTIDOLLAR , GOLD performance so far. Maybe the coming Strong Dollar is just about to kill everything around. It is killing one ANTIDOLLAR ALREADY( STock Market , of course). Next 35-40 minutes are the most critical. GET READY!
15:00 ET, Market has broken after 2:30 time frame, Just does not look good and unfortunately we predicted it. In any case if you are short make sure you give nothing to the market at this point it is desperate beast.
15:07 ET Showing some signs of life. Be prepared for a beast to spring to a fight of the life. 1318 on the SPY would be very positive for the market.
15:27 ET, this move up looks like an ABC on the SPY, may not hold, need move above to prove something
15:45 ET, the last move up still looks like an ABCDE diagonal correction. A powered move above could change the things.
13965 13930 13874 13782 n225 14135 14169 14226 14318
6705 6699 6688 6672 DAX 6735 6741 6751 6768
3482 3476 3467 3451 ESTX 3511 3517 3527 3542
MDS + DAILY UPDATE are fresh on the protected site, emails have been sent as well. ENJOY Dear Subscribers
clickme-> GROUPTATION Asset Group Rotation For Asset Picture. My morning starts there, yours too?
GOLD.... If anything I could be understating the GOLDS ability to run here. It could run up faster and longer and that could be signaled by , if gold took out the 1000 level before the end of this month. Then it would confirm the meteoric phase. As a minimum it must take out the 950 level before the end of this month. Let us see what is the MIDAS metal is made off.
For those PIP holding longs on GOLD I suggest as follows BUY ( GLD-USO) spread. I actually think that this a NO-LOSE Proposition ( almost, please see the disclaimers )
FOR INVESTORS , Long time did not talk(:- ... If SPX was to break below 1325 today, please realocate 5-10% into GOLD+OIL+CASH ( with the same order of preferecnce)
Thursday, June 19, 2008
1333.8 1331.0 1326.5 1319.2 es 1347.2 1350.0 1354.5 1361.8
11974 11949 11910 11847 $indu 12090 12114 12153 12216
47.70 47.56 47.33 46.96 qqqq 48.39 48.53 48.76 49.13
1333.4 1331.3 1327.8 1322.1 $spx 1343.9 1346.1 1349.6 1355.3
107.83 107.78 107.69 107.54 jpy 108.10 108.15 108.24 108.39
1.5459 1.5449 1.5433 1.5407 eur 1.5507 1.5517 1.5533 1.5559
898.25 896.30 893.10 887.89 xau 907.85 909.80 913.00 918.19
17.44 17.39 17.32 17.21 xag 17.65 17.69 17.76 17.87
14989 14977 14957 14933 $tsx 15039 15051 15071 15095
TSX APPROACHING 5th low
88.6 88.4 88.0 87.6 gld 89.6 89.8 90.2 90.7
172.4 171.7 170.5 169.0 slv 175.5 176.2 177.4 178.9
107.9 107.3 106.2 104.9 uso 110.7 111.3 112.4 113.7
I am protecting all/most of gains in shorts, will, at least, watch NQ and if it ever goes to 1967 again I will DUMP ALL SHORTS.
10:55 ET, the traders on the floor, may want to go for a quick swipe at 1967 and then go down again. They run on stops all the time you know. So, I would be ready to reestablish shorts if they do take out the 1967 and then show weakness. Stops will be close and risks will be MINIMAL to the infinitesimal
11:03 ET, the time of 12:05 +-5 minutes has a good chance of being the turn time.
11:11 ET, ha... hahaha... ha.. hahaha.. Yes, the SOPITALISTS play this game all the time. So, as a trader you must outsmart the SOPITALIST. I am back short with the now breakeven 1968.75 where I would stop for good.
11:48 ET, a drop below 1329.99 for ES Mini SEP, could start an avalanche of unstoppable sales or the saving ring may come in right there. This is a very important juncture.
12:16 ET, So far 12:00 has proven a turn time for SPX and market is in a rally
mode. I am out of the shorts and watching the development.
12:37 ET, Exhaustion may have set in, It is very hard for NQ to generate more than a 50 point retrace ( if this is what it is). So, I am looking to carefully reestablish short, if I can find suitable place.
13:43 ET, Dear Waldo, if you were short in it, I would not give 48.60 a chance.
13:51 ET, I am not giving 48.58 chance
14:01 ET, I am not giving 48.51 chance
14:23 ET, unless SPX breaks the lows of TWO 15min bars ago, Something Could be changing here on the Bullish side, but if that breaks, I will stay bearish again.
14:47 ET, OK the 12:00 SPX support and rally and subsequent break of days high , has changed the short term outlook. I still do not feel comfortable changing my intermediate outlook from bearish. First I would like for MDS to tell me that, and second I do not see the total weight of evidence being supportive of such stance. For sure the Buy pressures have grown, but they alone would not justify the intermediate term bullish outlook. Nevertheless important things happened today.
1) the BKX hit 50% total value destruction from the HIGHS predicted by us ( in now , a historic article, "BIGGEST BANK HEIST OF CENTURY" Google to see it)
2) BC (boris chikvashvil stock, also called Brunswick CO(:- ) has hit 76% FIBO retracement of the all time lows in 1974 ( WOW! )
3) SPX SUPPORTED On 60% retrace of the rally from Jan/Mar to May.
These are not to be taken lightly. And at least a short term bounce would/should not surprise anybody.
Of course I can never get the sentese right(:- . .. I meant the "first and fifth waves , duration and magnitude". If this is such a textbook ELLIOTT then we are in for a decline of some sort from here.
You see another Attraction Points LA FORESA DEL DESTINO, right here. SEE HOW THE ES MINI has supported and rejected from LIAP and HIAP ( low and high Intraday Attraction Points). If this does not amaze, then I do not know what does. Now, this is another way to think as a traders. You see, You get the 5 Waves on NQ and you have the HIAP hit on the ES Mini and you have the EMINI retrace 50% of the drop from 1370 to 1330 and back to 1350. Do you see how multidimentional thining helps and CONFLUENCE works. Please remember this word. It took me long time to spell it correctly(:- , but BOY THIS IS AN IMPRTANT WORD
AND YES, if you would rather trade like this then all it takes is to give http://www.paypal.com/ my email email@example.com and my name Boris Chikvashvili and $150/quarter for clickme->TAILORED SERVICE
DO YOU SEE HOW THE TRADING GODS WORK? WHAT IN THE WORLD , EXCEPT THE COMMON WISDOM OF MARKET ( ALSO CALLED THE TRADING GOD) MADE THE FLIAP FHIAP of EMINI LINE UP TOGETHER WITH LAST TOP at 1330, 1350 and 1370, exactly HALF WAY. DO YOU SEE HOW TRADING GOD WORKS, I HOPE YOU DO.
And That was exactly what hapenned , we declined. Simplicity of Complex thinking. It works!!!
And that was exactly what hapenned