Friday, August 08, 2008

Attraction Points(Apoints)


Not much change , see strategy yesterday.
Dollar Don't Deny
1261 1257 1251 1245 $spx 1275 1278 1284 1291
EURO/SWISSY are running down faster than JPY, which is exactly what I told Ivan, about that. Nothing surprising if you add GBP in the MIX, but as GBP is going down not yet to the extent that SWISSY IS, but that will change. There will be time, I believe, when GBP will be only currency of majors running down.
10:52 ET, CHFJPY hit the 50% FIBO retrace, EUR hit the 62% FIBO, markets are resting now(:-
10:54 ET, Stock market seem beneficiary of the Money inflows, so far today, but be careful we have the BEASTS on sell, and market could crash if it can be pushed below 1249. Until that happens bulls will have the day(s) in a staircase fashion
15:05 ET, Initially Lower Dollar meant strong market( 2002-2007), then the lower dollar meant lower market(June 2007 - March 2008) , then the higher/sideaway Dollar meant the lower, sidaways market(March2008 - July2008) and now the higher Dollar means higher Market. So, when does the higher Dollar mean the lower market again, after all higher Dollar means that there is less of the MILK&HONEY in the world ( reserve currency is too strong and not as FREELY available). Yes, that time will come, probably soon.

28 comments:

אנטי-סופיטליסט said...

Boris,

You mean Dollar will correct at this stage as you have predicted yesterday?

James

Sqroot said...

100+ Russian tanks roll into Georgia....reports of planes being shot down and escalating violence.

boris said...

Dear James,
Dollar will correct, nothing ever runs non-stop, except SOYBEANS, but DOLLAR This time.

There is always first time for everything

Good Trading

boris said...

Dear Sqroot,
Perhaps this is the time, when the complications start this time,
My BIrth place Georgia ( country) former USSR.

GOod Traidng

אנטי-סופיטליסט said...

Boris,

You were very right about GBP which drops like a rock today. If dollar doesn't correct soon and then moves again, do you think it may crash instead?

JPY is also in seasonal strong time.

boris said...

Dear James,
Is that you.

I will repeate what I said million times(:-

Dollar is going higher into SEPT/OCT.

I do not have any other information to fine tune the situation at this time.

So, if long, enjoy
if short, get out
if flat stay that way till things
become , SHORT TERM(next few days) clearer.

Good Trading

lagscrew said...

buy srs 87.38

NMMM.NU said...

Boris,
what do you think for anti-dollar?
(eur, oil, gold)

lagscrew said...

Trin is pretty high for all this buying---makes me wonder who is selling--Big guys??

boris said...

Dear Nmmm.nu.
What I thought about ANTIDOLLAR is expressed in the graph on this post. the rest ( in details) is reserved for subscribers and they have the points where this graph turns back up or sideways.

All I can say that it is still looking down.

Good Trading

Greenie said...

I read fractal analysis of someone who has been very good with the market. He also compared the the social events of 1930s and current time using the same fractal. His analysis said Russia=Germany of 1930s. Keep an eye on it.

boris said...

Dear Greenie,
Interesting.
I thank you very much for posting here with us.

I could see the similarities as well as no similarities, but hey we all look at out tools and make decisions.

Thanks a lot again.

Good Trading

אנטי-סופיטליסט said...

Looks like the puppet masters wants every dime they can get out of the shorts today. waldo

boris said...

Dear Waldo,
Did you see how they have lowered market this morning and rocket up without even thinking about it. AMAZING.

In any case, BULLS are in charge till 1249 breaks down and they got market down close to the area before rocketing it up

GOod Trading Dear Waldo

אנטי-סופיטליסט said...

The ndx just hit a 62 fib, that should put a ceiling on this move. waldo

Blaine said...

Boris,

Given the weight of evidence, would you begin scaling short here in equities or wait for 1249 to break first?

Remember what you said about the stars/planets a few days back? We are entering the window for something bad to happen (Iran?). Especially now that the Solar/Lunar eclipse crash window opens on 8/10.

Thoughts?

Thanks,
Blaine

boris said...

Dear Blaine,
We have the conditions in place for market to renew decline. Not all the way I would like to but , most. So what do we do.

I do not want to scale in here, rather take a larger position and watch it good. If it works go with it all the way, if not, out with the miniscule loss.

What to do if one can not work that way?

Trading is hard work.
Never said it is easy.

The football team that can not do somthing and choses to do something , cause it has no other choice, will mostly lose.

Sorry, not to you Dear Blaine,
just to anybody that can not trade with minimum loss.

I do not think that person should trade, not now , at least.

Perhpaps that idividual if he/she must trade better wait for the break.

Good Trading

John said...

Boris,

Some news coverage of the Russian invasion but nearly as much as I would think.
I am layered in from 1289, we will see.
thanx

old john

boris said...

Dear John,
Stay small please,
This is not easy market to trade, even as it is never so.

GOod Trading Dear John

John said...

Boris,

I did stay small. Down some but not enough to panic.

old john

Muthu said...

Boris,
You are simply brilliant.
I am waiting for the realization to set in -- soon.

Regards,
Muthu

John said...

Boris,

Only 5 spx points from position. No problem

old john

Blaine said...

Boris,

In your opinion, if there is a stock market panic, would USD drop with it? Or does it depend on the currency pair? For example, if stocks drop, I would expect USDJPY to fall hard. But what would happen to EURUSD? Would money flow to the EUR as a safe haven?

I guess it all depends on which way the scum move it...

boris said...

Dear Muthu,
Thanks.
I never have illusions.
Quamtum Mechaincs(science) thaught me to be thrutful.
Except it also thaught me that truth is in probable terms, in non NEWTONIAN physics.

Trading is anything but NEWTONIAN.
So, I am in the business evaluating probabilities and always being on the fence, to jump whatever direction wind blows.

For now, until we break 1248-9 the wind is blowing UP my dear frind Muthu and all readers.

Good Trading

boris said...

Dear Blaine,

You see , I do not think that way, so leave these questions to be answered by those who "know".

The way I think is this, I have my scenario.

If it works than anything around will be (re)interpreted to suite the situation.

Yes... Look at today , you would think that GOLD should be crazy jumping up, but , I guess our charts ( precahrted weeks ago) know better ha...

Here the answer my friend. Unconvertional answer from unconvertional thinker.

Note , I did not say from somebody that knows, cause I do NOT!

I did not say it was correct or incorrect, but it sure corresopnds to the mood that our projections put us in, HALLELUJAH!

God makes free people that think free
GOod Trading

Muthu said...

Boris,
I agree that the wind is blowing up until 1249. However, I think people will soon realize that it their Unit of Measure (the dollar) is rising, then the measured (stocks) should fall to bring things in balance.

The ones who know the truth are just playing to get the folks who do not know trapped. Hence this rally out of now where.


Regards,
Muthu

boris said...

Dear Muthu,
Thank you , please look at the REAL SPX chart below and I will update it anyway.

That Is why I keep that chart.
Thank you again for correct thinking.

So, actually if the Dollar went up 2% and stocks went up 2% then the PPower for USA stockholder went up 4%, while for EURO stockholder stayed unchanged.
(IN)Credible Dear Muthu

GOod Trading

lagscrew said...

buy srs 83.25