Tuesday, August 12, 2008

Attraction Points(Apoints)


1292 1289 1284 1278 $spx 1305 1308 1313 1319

10:41 ET, if you initiated short, or were short, before, I would suggest that you start trailing the stops at 1308 in SPX/EMINI scale or break even for you. There is no reason to let this market run up in ones face

13:09 ET, Gold had just made a 6 Dollar reversal from the low, it is moving in steps of 2-3 Dollars at a time. Crazy, but it is attempting to put the bottom in.

21 comments:

lagscrew said...

The NYA is where all most of the Program Trading occurs. The Institutios----It is trending sideways, not up like the RUT or QQQQ---be careful longs as this is a sign the they are selling this

John said...

Lag,

thanx, I just played the longs for a little bit of coffee money

old john

boris said...

Dear Lag,
I agree with your description of the picture.
indeed it is the NYA that is not moving anywere.

Good Trading

And the frist leg? down of Antidollar is coming to conclusion?

So, the shorts should be luckier next few days we hope, but care needs to be taken with stops.

Remember last defence is your stop

Good Trading

boris said...

Dear John,
Good Trading

אנטי-סופיטליסט said...

Dear Boris,

Went long the Yen.
Trying to catch buy on oil here,
but went long Nat.gas instead.
Also nibbled on Loonie.
Looking to short bonds in this time frame.
Nerve wracking(wrecking?)markets.
Good trading,
Klaatu

boris said...

Dear Klaatu,
Should not be. Nerve Wrecking.
If we, with precahrted knwoledge where ANTIDOLLAR was going are nerves wreck, can you imagine the rest of the world?

Central Hackers like it that way. That is when they and buddies make money

Good Trading Dear Klaatu

lagscrew said...

uso and ung look ready to go here

weekly is there now

lagscrew said...

UNG has the best plus money flow and overall looks best to me

lagscrew said...

buy more UNG 38.77

curaki said...

Hi Boris,
in what time frame do you expect the crash of the YEN in dollars? EUR crashed (almost) and is it the time for YEN now?
Thanks, Ivan

boris said...

Dear Ivan, I think it is out there 3-6 weeks at least,

But who knows it could be more gradual.

GOod Trading

lagscrew said...

My string of #'s is telling me something wicked this way comes

boris said...

Dear Lag,
Whatever comes, we are ready.

Good Trading

lagscrew said...

Look at % rates-down--how handy -now dealers can sell the bonds they bought a few days ago

boris said...

Dear Lag,
Yes indeed.
The rates have been pushed down.

You see the now the Dealers are on OUR WELFARE too
they always were, but now it is official.
Good Trading

אנטי-סופיטליסט said...

Boris,

YEN is in a seasonal strong window for about 1-2 months. When you responsed to Ivan's question about Yen, what do you mean exactly by "I think it is out there 3-6 weeks at least"?

James

boris said...

Dear James,
I meant that the (mini)crash in YEN is expected to be in 3-6 weeks out

Good Trading

sharon said...

Dear Boris

It looks like I dont need to wait for next quarter to buy additional 1/10 of gold :)

Sharon

sharon said...

-

אנטי-סופיטליסט said...

Boris,

Thanks for explanation.
So, we are on the same page that YEN could recover for about 3-6 weeks and then (mini)crashes.

James

boris said...

Dear James,
I did not say Yen will recover for 3-6 weaks.

I think YEN will go up and down, but direction is lower into SEPT.
I could be wrong as always.

Good Trading