Thursday, August 07, 2008

Attraction Points(Apoints)

Weight of evidence suggests that market can go much higher, as long as it does not fall below 1249 ( base of this rally, where we suggested risk was worth on the long side). Meanwhile the Sell Pressure(Yellow, Oscillator) is high and can approach extreme, if market keeps moving higher here, suggesting that we should expect the correction or crash depending if the base is penetrated or not. sp
Strategy: Simple, Investor stay put(till 1247), Swing Trader, look for a place to short, short term trader, short and long to your hearts content. All of these must be cognizant of APoints.

09:04 ET, It looks like I was supposed to give more than 50/50 chance to stronger Dollar this morning( see my discussion with Dear Jason next post down). But still think that we are at the end of the wave A in Dollar and will be over today/tomorrow at most. Then healthy correction should lead to newer leg up into the end of August.

Dollar Don't Deny!!!


1273 1272 1270 1268 $
x
1277 1278 1280 1282


End The Only Thing Going UP is! Dollar, When Dollar Goes UP everything else goes down. I can not help but remind everybody that, somehow the CHINESE and INDIANS and RUSSIANS and BRAZILIANS and EUROPEANS etc ( do not forget Americans working for multinationals ). all thought of themselves geniuses as the business was going well, little realising , that It was AMERICAN Dollars, stolen from American saver public ( MOSTLY SENIORS) that and dropped down from the helicopters of Dear Greenspan/Bernanke/Paulsen/Bush that was feeding it all


Dear READERS, Have a nice day. Thank you for being with UuSs

41 comments:

John said...

Boris,,
Good morning, thanx

old john

boris said...

Dear John,
Good Morning

Good Trading

אנטי-סופיטליסט said...

Boris,

CongratS! You are right there again. GBP got beaten down below yesterday's low. Currencies just moves according to your order. You are their commandar! How can you be so right about them? Can you share some open secrets?

James

John said...

Boris,

thanx for APs. Do you still expect any fireworks on the 8th?

old john

boris said...

Dear Jason,
Very simple,
Easy to share,
25 Years of watching charts in all time frames

That is the secret, and it sometimes does not work

wait till you see my spectacular failures(:-

Good Trading

boris said...

Dear John, we are there,
And sell signals are on tbe beasts and things are ready.

I do expect, but can not be sure.

But all that does not matter.
What Matters is that if we do not break 1247 next 3-5 trading days, we are moving higher, I believe

Good Trading

John said...

Boris,

thanx. I usually day trade but am contemplating the swing trade this time.

old john

boris said...

Dear John,
I could almost figure from the question(:-

Good Trading

אנטי-סופיטליסט said...

Boris,

Besides reading charts, do you also trigger to find out the intention from big money or institution? If so, any open ideas to share?


James

John said...

Boris,

You know me well.

old john

boris said...

Dear James,
Sorry for (mis)calling you Jason.

I do not watch anything Deaer James. I found that everybody is trader when it comes to currencies. And the information that is public is not only worhtless it is misleading. I used to work ag BLOOMBERG and had all the data I ever wanted. I became much better trader when I totally abandoned that data and just started pattern matching in my brain.

I can not Dear James say this is the best. I do not know, I am just an individual , powerfully equipped, I admit ( knowledge etc.) but people are very different and I do not know if what I do will ( and how soon) work with others.

But this is my approach.

I THREW THE TV FROM MY TRADING ROOM.
I DO NOT READ NEWSPAPER
I DO NOT WATCH ANY INDICATORS except MINE and even that not always.

What I watch mostly is where the markets are regarding their past actons in similar ATTRACTION POINT configurations ( daily and annually if applicable) fine tuning it with the intraday APs

How stupid can somebody be not to see yesterdays low on GBP exactly at SDLAP(second daily low Attraction Point) 19455-19470.

How much genious does it take to take some profits there?


NONE!

Good Trading

lagscrew said...

Of interest from another source

looking at the INDU, I've got it bumping up against Fib lines from 1974 low and 1987 low. Is that worth a comment?

boris said...

Dear Lag,
Not sure.

WHat numbers are we talking about?

GOod Trading

lagscrew said...

dont know--just that there are fibs there--thats all he stated and is reliable

lagscrew said...

sold some skf

lagscrew said...

buy slv

אנטי-סופיטליסט said...

Hi Boris, I have been a little quiet these last few days, does your 8/8 date still in effect for a turn. Thanks as always, waldo

boris said...

Dear Waldo,
I see nothing yet to suggest that 8/8 will not be a turn day of sorts and maybe even powerful.

But we, always need confirmations. What and where. At this time it looks to me like the Market could take a little/big hit here, but again if it does not break 1249 and then 1234, sorry, but no CIGAR

Good Trading

אנטי-סופיטליסט said...

Boris,

Once again, GBP seems to be squeezed down, rather than cascading.
Look ready to me to reverse. What is in your crystal ball at this stage?


James

boris said...

Dear James,
Somebody is making mint, in this carry trade and has good connections with powers that keep the STUPID GBP rates high as well as attached to the YEN.

But the nature being what it is , the powers that are will finally realease this charade and GBP will collapse more so.

It needs to be sold on every rally. Beyond that let us go day by day, must use the shor term techniques to stay with the trend.

This currency is going down.
And there will be those days where it loses 1-2% a day. Just wait

Good Trading

lagscrew said...

buy ung 39.77

lagscrew said...

Im seeing signs of divergence with ung or oil to. Olympics over in 2 weeks so things crank back up. They will lead oil up before that I think

boris said...

Dear Lag,
Thanks,
Our energy oscillator is showing the signs of ENERGY sector being in a position to jump up a bit in here, but need to be careful, in a bigger picture we see OIL going lower.

Good Trading

John said...

Boris,

You got it again. thanx-
Swing trader for this move.

old john

boris said...

Dear John,
ENjoy.

I got nothing,
All the credit is yours.
As I say, I will take credit for being your best friend and you being my best friend.

The rest is all you. Your money, your nerves , your knowledge , sweat and all...

I am just here to encourage all of that(:-

Good Trading

John said...

Boris,

It has been one year now. Enjoyed every minute of it, learned a lot.

old john

boris said...

Dear John,
Same here,
Absolutely.
Nothing gives me more pleasure than to see people LEARN here.

1) Trading Is hard work
2) Repeate that as long as you do not see it becoming easier.

Good Trading

John said...

Boris,

It is hard work.

old john

lagscrew said...

sold 1/4 SRS

boris said...

Dear Lag,
ENJOY!

GOod Trading

sharon said...

Dear Boris

Good day.

It looks like someone holds the Shekel , while dollar has killed euro and GBP for the last week.
or maybe it needs to rest for awhile.

Sharon

sharon said...

-

John said...

Boris,

thanx, talk to you in my morning. did ok today.

old john

boris said...

Dear Sharon,
Let us not forget the SHEKEL lost astonishing 11% last 2-3 weeks and it was a first mover( ER CANARY).
SO, yes needs some rest.

Good Trading

boris said...

Dear John,
THank you
and ENJOY your evening
my Dear Friend.

Good Trading

Hopper said...

Hi Boris,
sold some skf, do you see it going to 140-150s?

My day job is keeping me busy and unfortunately away from trading ... have to figure out a system that works because I am missing out on opportunity, or just become an investor...

waldo said...

Boris, just sent another quarterly payment for more great calls. Thank you my friend, waldo.

Hopper said...

Tomorrow is 8-8-8, chinese numbers of properity... maybe gold and chinese market will rally tomorrow?

boris said...

Dear Hopper,
Good To hear from you.
I am looking into SKF

GOod Trading

boris said...

Dear Waldo,
Appreciate your support of my activities.
ENJOY my Dear Friend.
Good Trading.
Promise, will try my best. No Guarantees(:-, But you never ask. I know. Love you man

boris said...

Dear Hopper,
SKF is relatively newer instrument which makes it diffuclt to apply my ANNUAL analysis to it.

In general the levels for SKF BKX XLF an similar are almost meaningless, considering how far they highs are from lows spread wise. SKF for example had a high 199 ( which we caught brilliantly with the addition of Daily overshoot at around 211, REMEMBER OUR CALL FOR BOTTOM in 16 July,OK) to 35. Ok, so this is hard.

GOINg to 140-150? The only way I know how to handle this now is to follow the general market and we know what the analysis is there. It is now the immediate turns that decide where we go higher or lower. Amost , who cares what the levels are?

Follow the general market twists and turns, unless you have options and that is what is causing your specific question abotu 140. Do not know really. If market does not break below 1249 on SPX this level is safe. On the other hand break of 1249 and especially 1234, will make this level unsafe.

Need to follow Daily APs for confirmations of any levels and targets.

Dear Hopper, thank you and good luck