Monday, August 18, 2008

Attraction Points(Apoints)


1294 1293 1291 1289 spx 1300 1301 1303 1305

10 57 ET, around 10:40 ET. ES MINI has hit the FILAP (First Intraday Low Attraction Point) and bounced from 1290 area.

8:45 ET, ( I thought I better put the time in here just in case I turn out to be right for this one time(:- ) I believe we may have started on the road of decline lasting few weeks in the market, but it could be a slow moving torture train to nowhere, but downward slanted for a while( couple months maybe?). I will change my mind if we are going to see new highs in SPX any time next 10 days.

12:38 ET, GOLD just hit the FIHAP and the SMP mini is fighting for its life at the SecondILAP

44 comments:

אנטי-סופיטליסט said...

They are still controlling the q's with one stock and of course that is apple. All the other big stocks in the ndx is red. What a snow job. waldo

boris said...

Dear Waldo,
It is a scam you know that!
Thanks for alerting.

Good Trading

tim9lives said...

Good Morning Dear Boris.
Just another thing to add concerning geoploitical aspects of Russia and oil.
When looking back,,,once the Soviet Union fell,,,and cold war ended,,,the Republican Party was lost. They built their entire party around defense, security, and military spending.
All of the sudden, the Republicans could not win elections, because we no longer needed them. Clinton was able to cut military spending,,,,,Democrats ruled.
So,,,maybe the Republicans want all these problems,,,as it helps them win elections. Cold War was good for them for many years,,,just as the War on Terrorism now helps the Republicans win elections,,,and helps their buddies get an increase in defense spending.
Thanks again,,,and All is good with password,,,as I see where I was mispelling it..
Tim

boris said...

Dear Tim,
I do not doubt, anything you say. The only problem I have is with the part of OIL, Reagan, was exactly opposite on the issue of OIL and Dollar.

He meant strong Dollar when he said it. This administration did not mean when they said Strong Dollar and that is what made TRILLIONERS out of bandits from the axes of mischief. Along some other not so big friends of US(A)

Good Trading

tim9lives said...

Yes Boris,,,I agree,,,but I also think Reagan had integrity and honor. He put his country before politics IMO. Even Daddy Bush had some integrity,,,,but it's G.W. and Karl Rove in my opinion who seem to put politics before whats good for their country. And they use this for personal gain. I see no one with integrity and honor left in our gov.
It is all about personal gain. And of course,,,we do have a Texas oil man and a Wyoming Coal/Railroad man as Pres and Vice Pres.
I guess I'm referring to those in control of the Republican Party today.

boris said...

Dear Tim,

I think you have a lot of support on that thinking. I do not know, maybe, just maybe, I am a sucker enuogh ( remember PT Barnum(:- )
to want to believe that these people had good of the USA in what they did and history might show that years down. But, today, I agree with you 100%

Good Trading

John said...

Boris,

thanx, water torture I guess. It will try my patience but that is good for me.

boris said...

Dear John,
I trust if anybody had patience for this kind of market it would be you.

Option Players, unless they can hit directly, are not invited(:-

Good Trading

John said...

Boris,
2nd wife taught me patience. Come to think about it, all women will teach ( or try) your patience.

old john

boris said...

Dear John,
How TRUE!

GOod Trading

אנטי-סופיטליסט said...

The market was waiting on you boris to give it the clue it needed and in what direction. waldo.

Sqroot said...

Pres. Bush's net worth has gone down since he's been in office. He was pretty much a failure as an oil man. He got lucky and made some money in baseball. It's unfortunate he tried to do the right thing for world peace, and the Dems just use it against him. You won't find anyone with purer motives, in my opinion.

boris said...

Dear Waldo,
I can only assume that more powerful people than me are reading my blog and trust what I say more than I do.

CAN YOU BELIVE THAT?
hahahahahahahahahahahahaha

Good Trading

boris said...

Dear SQROOT,
As I said, I want to whole heartedly belive what you say. But country does not and world does not and I do not think even many republicans do any more ( even if it is correct, he will be viewed as failure, for a while at least).

But as I said. I do want to belive that he, if any politician ever, had some intergrity if people around him did not and what people see is final results.

They do not look good my dear friend. They do not.

He maybe the only president since Hoover to preside on two recessions.

Please somebody correct me if I am wrong,but there it is true that he will be residing on two receissions or recession and sever slowdwon.

Now that takes some work.

Good Trading

אנטי-סופיטליסט said...

apple is putting in a long term topping pattern from oct. 07 until now, it has a bearish rising wedge from the 2003 low to present. If apple breaks 160 to the downside nothing will hold the ndx up because apple is the most weighted in that index. Just an observation. waldo.

John said...

Boris,

I dislike Bush ( jr) and the neo-con they have for vice president. Bush dodged Vietnam with his nonsense about the reserves ( that was a scandal). The other guy got 5 deferments to keep from going. It is so easy to send someone off to war after you dodged the last one.
old john

boris said...

Dear Waldo,
GOod Observaton.
Thanks My Dear Friend
Good Trading

boris said...

Dear John,
While there are valid reasons to send someone to war, I totally agree , that when done by draft dodger, it stinks...

Thanks my Dear Friend and Yes, my heart goes to those that either lost the lives and/or worst, lost the normal functioning body and have to live with it the life. It hurts to even think how many people are disabled in this war and if some not so underground reports are correct, it would cost us TRILLIONS just to support the disable veterans.

I wonder if anybody thought of all the human and costs and suffering here. I wonder if it is as large as the rumors are?

God Help us

Good Trading

Sqroot said...

"Bush dodged Vietnam with his nonsense about the reserves ( that was a scandal)".
At least he didn't go hide like Clinton did. He was a fighter pilot, with all the risk that go with that, plus his unit could have been called up.
Every rich boy who wanted out of that war got out.
By the way, I volunteered for Vietnam - 1969.

John said...

I do not wish to argue. USMC at Hue during Tet.

boris said...

Dear Sqroot,
I can hardly disagree that CLINTON was not the kind politician this country needed ever ( it is in his time the real decline of America started, it just took time to show up, with all the accesses on WALL STREET).

That of course does not excuse Dear Bush Junior.

And my hats off to you SIR for doing the duty.

GOod Trading

D said...

Bush's prize is on the backside of his presidency. See Al Gore for the template.

boris said...

Dear D,
Good To hear from you.
OLD friends do not forget...

They take care of you.
Nobody would work for 350000 salary ( presidents annual pay?) otherwise

Good Trading

lagscrew said...

Boris

dont think it matters all that much who is in office as they are just pupets whose strings are pulled by much bigger players. They are the ones with the real big money. Dont think any of us small people really know what is going on as it is real complicated with a road map way into the future

lagscrew said...

once they own the banks airlines ect they will have much more control. They want everyone poor. Thats why the engineering of the housing mess and high oil in my opinion

boris said...

Dear Lag,
Can not disagree with a lot of things you say.

I suspect that is exactly what is going on.

Good Trading

Sqroot said...

Boris, you are right about he recessions, but the recession had already started in 2000 before Bush took office. I bet we agree that Greenspan had more to do with those than any president did.
Think of any other president that has had to deal with what Bush has - 9/11, Katrina, anthrax, Worldcom/Enron, Space Shuttle Columbia blows up, not to mention Iraq/Afghanistan , where the war went as planned, but the peace was totally screwed up. What else could possible happen, Russia invading a country... naaaa. LOL, just like old times. When do the locus come?
Good Trading to everyone!!

boris said...

Dear Sqroot,
most of what you say true.
How many ordinary folks though will say that recession that came in 2002 was CLINTONS recession. I bet 80% will blame Bush for that. Yet, yes we know that Presidents have no power and they are puppets like Dear Lag says.

SO, nothing new. It is what people think, not what it is.

Good Trading

אנטי-סופיטליסט said...

george bush and dick cheney are murderers. enough said. waldo

boris said...

Dear Waldo,
has a very strong opinion about this and I understand why. Entire county feels that something really bad happened at the watch of this president.

Too bad. For USA to feel this way. Peoples feelings do not lie, in general, we can think as much as we want that general public is this and that, but at the end of the day odinary people see and relate things to their lives and they see not much going right for them.

I can not balme anybody feeling that way, as I am part of that sentiment. I just hope that I am wrong and it is not what it is, but every fiber of my intelligence tells me what ordinary person feels, something is really wrong with the way this administration approached things, knowingly or unkonowingly ( and I/we all have our opinions about that). That makes no difference at this point.

Good Trading

lagscrew said...

Its a subject where no one wins as many others would say :

when 911 happened and Bush did nothing the whole country would have come unglued. Most everyone at the time including the democrates wanted Saddams head

boris said...

Dear Lag,
From wanting Saddams Head to owning Sadams Problems( country) there is a long distance.

Would you agree , for a guy that got elected on the platform of, "I AM NOT IN THE NATION BUILDING BUSINESS" Dear Bush had a remarkable transformation?

Good Trading

John said...

Lagscrew,

Bush did not keep his eye on the target. The target was Bin Laden. He did 9-11. The clowns who ran things lost focus. In any type of investigative work, it is really hard to keep focused on your target. It is very easy to get sidetracked over some nonsense. Now the primary target is who knows where. The military is being asked to do police work and it is one mess.
My last comment, it is not worth my blood pressure.

old john

lagscrew said...

I think the whole thing is much more complex than any of us may know. They do things to cause another cause and effect.

Its again I think the big players making most of the calls here. I guess we will see as time goes on

I can see both sides to this

Blaine said...

I think we are about to witness the fall of Rome II - USA. The financial system will crater first, then when the U.S. can't pay or supply its military we will either dissolve peacefully (like USSR) or go down in a nuclear blaze of glory.

From the state of the world these days, unfortunately we are probably going to press the button or Russia will press it or Iran will press it, etc. Humans aren't wired to exist with all the technology created in the past 100 years. Think about that for a minute. For 6,000 years mankind lived in a relatively primative state. Then the past 100 years have seen the most dramatic changes ever. Some Divine power must have held back technology from man in order for man to live this long on the planet. Now our time is up. The human mind is inherently selfish and focused on "get" rather than "give." When the leaders of nations chase after limited world resources, the "get" mentality will eventually destroy the planet and all life on it.

John said...

Blaine,

If you get a chance, obtain the book " Empire of Debt" . It is a great read.

old john

lagscrew said...

2012----they knew it a long time ago--lol

אנטי-סופיטליסט said...

The SP has done the right shoulder and it looks like the next stop is 1250 (3 p over the 1247 go short)


Politic: The first thing Bush screemed about after he was elected was that the economi was slowing douwn. That is the only thing I can remember that I could agree to.

אנטי-סופיטליסט said...

The SP has done the right shoulder and it looks like the next stop is 1250 (3 p over the 1247 go short)

Should the SP backtest the shoulder?

Howard
(I forget to sign the other)

John said...

Boris,

thanx, did ok today again. Time for my walk.

Good day to everyone

old john

boris said...

Dear John,
ENjoy
Thanks
Good Trading

boris said...

Dear Haward,
Thanks appreciate the input
Good Trading

boris said...

Dear Lag thanks
GOod Trading

boris said...

Dear Blaine,
I do think that there will be blow up before mankind understand that the dangerous toys in their hands are that , very dangerous.

But I would not so pessimistic.
Yes, scenarios you describe are possible. I just do not think they are very likely very soon.

Good Trading