Wednesday, August 20, 2008

attraction points(Apoints)

1256 1250 1241 1230 spx 1279 1285 1294 1306
This is wrong in the emails and protective site, PLEASE TAKE IT FROM HERE

11:21 ET, Euro Currencies( SWISSY, EURO,GBP) are pushed hard down here, espectially in that order. Which goes with we told you "wait before you buy EUROS against Yen" but that time is coming and it will be followed by YEN crash. By then though the EUROS would have had a crash of their own complete. Stay tuned.

35 comments:

lagscrew said...

Hi Boris

My stuff showed a little more down this morning and I took advantage of that--anyway only holding 10% of what I had short and keeping UNG and SLV for now. Things are good again and relaxed as we tick higher and waiting.

after this relief upturn I am showing a lot more to the downside left so it does look like this could have been the big one on the way here

good luck to all

John said...

Lagscrew,

thanx

old john

John said...

Boris,

Missed todays trade, had a errand with the wife. Sitting here patiently.

old john

boris said...

Dear Lag,
I view this exactly the same way. Withing the context of a little CHINESE torture here. as Promised so far.

Good Trading

boris said...

Dear John,
Relax you deserve it.
Watch and plan quitely My Dear friend

Good Trading

boris said...

Dear John,
Relax you deserve it.
Watch and plan quitely My Dear friend

Good Trading

sharon said...

Dear Boris

good day dear friend.

do you have a recommended list for 5-10 years investment. I want to add some more stocks which considered oversold and high-yield.

In case there are no specific stocks I will add some more etfs: FXI DVY FEZ GMF GUR ILF JKE

thanx ahead
Sharon

sharon said...

-

sharon said...

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אנטי-סופיטליסט said...

Boris, when you say yen crashing do you mean it will get stronger verus's dollar? meaning dollar will get a lot stronger from these levels. thanks, waldo

Wanderer said...
This comment has been removed by the author.
boris said...

Dear Waldo,
When I say YEN crashing, that means YEN GOING DOWN IN PRICE( not in quote).

That means Strong Dollar Against Yen at that time and Stronger EUROcurrencies against Yen at that time ( is is not far, sometime in next month, stay tuned)

Good Trading My Dear Friend Waldo

Wanderer said...

Dear Boris,
The EURO "crash of it's own" that you refer to is expected to complete after the current antidollar bounce. Is that correct? Do you still see energy for the antidollar bounce into the start of next week?
Thanks a lot.
Good trading to you good man.

Bert

אנטי-סופיטליסט said...

so that would pretty much kill the gold price. Thanks for your comments, waldo.

boris said...

Dear Bert,
At least some energy stocks are up pretty good today, even as the OIL is a down...

I would want to be with , especially infastructure of OIL,
Pipelines etc. ( i think they make even more money as the GAS OIL is cheap, more of it flows through those damn PIPES(:_ )

But the timing did not change, I think Dollar will play with 78 a bit and then go down, not much (1-2.5%) and then resume upside. So it maybe hard to catch exact whereabous of that, but who knows, perhaps the GOLDENPROECTION poinpoint it better. Look at the chart. Otherwise we alwyas have exhaustion patterns to watch and US APs.

I would look and am doing some accumulation at these levels , in selected energy as I said.

I even forgot which week is the SEEFUTURE bottoming. Please somebody count the weeks on that go dam thing(:-

I take those and intraday observations to combine the bottom formation.

If/when I feel the catclitimic low has been established, my blood will tell me again, I hope. As it did when the SKF hit the lows in 16 July.

Good Trading

boris said...

Dear, Sharon,
GOod morning to you indeed.

I trust you are accumulating GOLD at these and hopefully a bit lower later. That is good.

I would also, as explaining to Dear Bert, would go for YIELD in energy.

PAA,PDE,KMP,BTE,BGR( nice aggregation) SPH, SXL , things like these. I have no problem with some DVY, GIM, TEI even FAX(australia going down creates nice YIELDS) but I would wait a bit with ASIA( GIM TAI FAX) these will probably bottom last.
I will look up rest.

And get back to you.

I think energy will keep producing total returns nicely. They should bottom by December latest and by then there maybe little bargains left. ERF/PWE is considerable too.

Need some gold stocks. look at XAU components GG, NEM.

I will look into rest
Good Trading

boris said...

Dear Bert,
Euro crash against YEN maybe compete before EURO makes the eventual bottom against DOLLAR. I shell alert, chance permitting...

Good Tradinag

boris said...

Dear Sharon,
I would not see these as 5-10 year investments.
I do not think there is much now that can be bought withe the 5-10 year horizon.
I have no problem thought with 2-3 horizon, in that sense, I think ENERGY/GOLD will serge again, even as they are decimated and could take more pounding till Dec 2008 and later.

Good Trading

boris said...

Dear Bert,
Yes, expected to complete after the earliest AntiDollar bounce.
But before the final bottom of EUROS

Correct

boris said...

Dear Sharon,
If you would like to nibble around
FXI DVY FEZ GMF GUR ILF JKE
These , I have no problem.

But I would not see it as a long term, as I think you can buy these cheaper sometime after 3 years.
And I would either wait for new SPX highs or deep bottom to more than nibble at these

Good Trading

lagscrew said...

I have a string of # I watch and by that it looks like around Monday things could get ugly again even if we just fart around here for a few days

lagscrew said...

going for a walk with the dog---later

sharon said...

Dear Boris

As always your answers are full of information and send me for more research.

It looks scary if after this big fall since Oct07 there are not a lot of good investments for the long run -means buy now and look again in 2018. of course there will be some waves in the middle but in the end they should produce better yield than treasury bonds.

thanx a lot dear boris

boris said...

Dear Sharon
GOod observation, About 1987.

Unfortunately 1987 was on the way up.

2007-8 is on the way DOWN.

Sorry, that makes all the difference.

You, know it will not be all the ways down without, misleading runups, but It is down as far as I can tell, at least into 2012.

Of course if we were to get a big washout here then we could get aways with sideways, but this drop so far is not upto the standrds of COMPARABLE bear markets.

You will notice COMPARABLE.

That means this is put in the catogory of big ones, as far as I am concerned. YES

GOod Trading

sharon said...

Dear Boris

the more I read the more I agree we heading a bad period. but cycles are getting shorter and in somehow I had the feeling that investors will not wait till 2012 to lift the market again.

But still, maybe I just stay in cash till 2012 :-)

Thanx dear friend

sharon said...

I like the COMPARABLE phrase...

boris said...

Dear Sharon,
Cash is a form of investment too.

In any case, I think looking at asset allocation chart , sliding windows, would be a good place to start. Because there will be ups and downs in this DOWN.

Good Trading

tim9lives said...

Dear Boris,,,I've looked over SeeFuture and counted weeks as best I could,,,after comparing where we have come from the start of SeeFuture and where we are today(yes--it has been pretty acurate so far !!) the best I can make out is we may see top in gold 2nd week of Sept,,,which will then give us a correction.
That said,,,the correction still puts us above current prices maybe.
I'd like to add,,,,2nd week would coincide with posisble funds cashing in profits for quarter end.
Anyway,,,that's the best I can make out drom counting the weeks of the 2 SeeFutures which were sent to me on July 7th and July 20
Thank you again Boris- Tim

John said...

Boris,

Took my walk early as I missed some of the morning. It seems as if I did not miss much. 1260, 1247 and 1234 still in place.

old john

boris said...

Dear Tim,
Thanks for your input my Dear Friend
Good Trading

boris said...

Dear John,
Yes , you did not miss much and
you gained some very needed mental rest. That is good

Good Trading

tim9lives said...

One more thing Boris,,,just to clarify,,,I think after that correction week of Sept 15,,,SeeFuture says we trade sideways for 2 weeks,,,and then head up.
So maybe the bottom will be around that point,,
I only wish I would have paid better attention to SeeFuture also,,,as I said,,,it has been very good indicator from what I can tell,,,but the last couple of weeks,,,I also have been taking a rest,,, need to recharge my batteries...

tim9lives said...

Dear Boris,,,I have seen a couple of comments today in article concerning a report of M-3 Money supply contraction.
Here are 2 of the of the articles,,
http://safehaven.com/article-11025.htm

http://news.goldseek.com/RickAckerman/1219212180.php

Maybe concern in order of Deflation around the corner

boris said...

Dear Tim,
Your excellent reporting is appreciated.
Thanks a lot My Dear Friend.

tim9lives said...

Dear Boris,,,I just received an e-mail concerning those M-3 articles,,,,and wanted to post the link.
This debate looks to be gathering steam now,,,as the E-mail questions the M-3 numbers reported from Lombard Street Research.
here is the Link..
https://mail.google.com/mail/?ui=2&ik=5808243e6e&attid=0.1&disp=attd&view=att&th=11be17001fcee046
In any case,,,I can't help but think when credit retracts as it has and is continuing,,,we will see a contraction of M-3.
But,,,as I have said many times,,,I'm a rookie compared to you and others on this site,,,so I'd be curious to hear what others think,,,thanks again Boris
Your insight is always greatly appreciated- Tim