Wednesday, August 13, 2008

Attraction Points(Apoints)

1277 1275 1271 1266 spx 1287 1290 1294 1298

It looks like somebody here, said couple days ago. "there are days coming when the only major currency going down 1-2% a day will be GBP". Wander who that was?

Dear Klaatu and all, you discussion has reminded me to see where did the GBP fall today and sure, it was Just 40c away below the fourth DLAP( Daily Low Attraction Point). Do you know how often that happens in any security ( once or twice a year).

13:02 ET, please make sure protective stops are in place. Please, at least break even

13:21 ET, Dear John, Take profits on gold, unless this is a "LONG" buy

14:48 ET, I hope you payed attention when I wrote the item 13:02 ET, SPX is back to unch hahaha..

22 comments:

אנטי-סופיטליסט said...

Boris,

Sure it is you about GBP.
Great call! More downside ahead or it is time to correct?

James

אנטי-סופיטליסט said...

simply amazing how they manipulate things. Out of the 5 horsemen on the ndx the only green one is apple and the q's are down 22 cents. waldo

lagscrew said...

sold 1/4 skf 127.18

lagscrew said...

was 1/3

boris said...

Dear Waldo,
Yes, Sir
They are great at this.

That is why apple is listed on NASDAQ

GOod Trading

John said...

Boris,

Gld is doing ok

old john

אנטי-סופיטליסט said...

Dear Boris,

The forex high in Brit.Pd last
Nov. was 2.1160 on my data.
Jan. low was 1.9337.

Total distance of that leg = .1823
If July high of 2.0156 was a "C" of
wave (2) then at 1.8333 we will equal first leg.
If we travel 1.38X then we are looking at 1.7637
And at 1.618 target becomes 1.7206

Also a .382 retracement from 2001 low to 2007 high gives 1.8275.
And a 50% retracement targets 1.7400
We also have some annual Ap's coming up,too.:-)

Anyway,take with a grain of salt.
Momentum is strong.
Timing is the key as you have often said. Identifying the legs after they have started is no great shakes.Identifying key turning points before they happen
is your forte, Boris.
CONGRATULATIONS ARE IN ORDER.
Many thanks for sharing your ideas.
Good trading,
Klaatu

boris said...

Dear Klaatu,
It helps to have people of the fortitude, such as You, who have been around few times and see

REAL DEAL ( which I am soupposed to be, but I do not know)

I am just trying and honesty works, I guess that is the best I can say.

Yes, All I try is to be honest to the patterns I see.

I got no magic what - Ever.

No connections up or down.

Not even in the with Central Hackers(:- do I have the connections.

So, I try, and till I have people like you willing to listen and act and applaud,

I AM IN HAVEN,

Please watch the day I fall out of there, it will not be fun(:-

Good Trading

John said...

Nice call by Lagscrew on UNG.

old john

boris said...

Dear Lag,
Dear JOhn
I second

Good Trading

boris said...

Dear John
Take profits on GOLD
unless this is a long term buy
Good Trading

John said...

Boris,

Read your mind , out almost at same time. Gld 79.90 to 80.70

thanx

old john

John said...

Boris,,81.70

fat fingered the keys

old john

lagscrew said...

John sweating that one-UNG- Ill lighten up some but not quite yet

boris said...

Dear John,
Good For you!!!!!!!

WOOOPY!
GOod Trading

אנטי-סופיטליסט said...

Dear Boris,
Quite a reversal in yen.I'm thinking we may start your mini
crash into Labor Day. Of course it may be wishful thinking since I sold longs and went short.
Good trading,
Klaatu

boris said...

Dear Klaatu,
You know this YEN move all about getting it to retrace the 62% FIBO of the move the GBP gained on YEN recently.

I could see it like I was driving in the suburb of LA and looking for the correct ADDRESS.

It was ubelievable, first 38% was screwed this morning then 50% in the afternoon(morning in USA) and they finished it off by midday at the 62% - change...

Hellelujah and then YEN god screwed itself.

Only BLIND COULD NOT SEE THIS ENTIRE DESIGN

GOod Trading Dear Klaatu

John said...

Boris,

Had a decent day. Will not be around tomorrow unless it rains. Taking some kids fishing.

thanx
When gld could not break higher than the first peak , I sold as you were writing

old john

boris said...

Dear John,
ENJOY
OUt in the sun and say hello
to fish, just any fish(:- they should all know me.

YOu know what I have a lot common with them.

I like, fish, have a lot to say, but my mount being full of water makes it impossible most of the time to say it!

Good Trading

lagscrew said...

Something Huge is brewing.....

----

Kuwait Goes On ‘War Alert’ As Massive US Armada Heads For Iran By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo) Reports from the Middle East are stating today that Kuwait has activated its “Emergency War Plan” after being notified that 2 additional United States Navy Aircraft Carrier Groups are headed to the Gulf and Red Sea. The Arabic news agency Moheet is reported that “an unnamed American destroyer, accompanied by two Israeli naval vessels, traveled through the Suez Canal from the Mediterranean to join a US nuclear submarine accompanied by a destroyer and a supply ship that have also moved into the Mediterranean.” The Jerusalem Post is also reporting that “there are two US naval battle groups operating in the Gulf: one is an aircraft carrier group, led by the USS Abraham Lincoln, which carries some 65 fighter aircraft. The other group is headed by the USS Peleliu which maintains a variety of planes and strike helicopters.” Russian Military Analysts report that with the addition of these new US Naval Battle Groups the American Forces now have arrayed against the Iranian Nation one of the largest naval armadas assembled by the West since World War II.

John said...

Lagscrew.

That is not good news. Feel for all the troops. Been there done that, years ago.
Did you get out of UNG- I followed what you stated and could have made a little on a scalp- nice.

old john

אנטי-סופיטליסט said...

Dear Boris/Lag/John
Somehow I came across the US armada story last week. The web site generating this information is:

http://europebusines.blogspot.com/

Click on the story under Popular
Pages Today.
From the stories I gather its main topic is geopolitics and the coming war.Not sure of the reliability of the analysis.

I might suggest another geopoltical site with excellent anaysis imho:
http://stratfor.com/
Barron's 2 weeks ago had an interview with the founder of the company.
Good night and good trading
in the new day.
Klaatu