Thursday, August 28, 2008

attraction points(Apoints)

152.97 152.34 151.31 150.04 xag 155.62 156.25 157.27 158.55
837.98 835.98 832.73 828.70 xau 843.20 844.42 846.42 849.66 853.70
108.716 108.546 108.269 107.927 jpy 109.433 109.603 109.879 110.2225

Excuse me for a disaster day I am having.
email was not send, but intra is on the protected site
and Important Items missing are here

I have send complete tables, IN XLS and JPG format.
And populated the Protected site with a new copy. Again
A stupid operator error has caused
me to mix up my lines in the EXCEL as macro was accidentally triggered and I just was unable to regroup fast enough to finish the lower part of the table.

11:06 ET , I THINK MARKET CAN BE SHORTED WITH S SMAL RISK AT THE TOP OF TODAY. NO MORE

11:20 ET, I said small risk, That means hardly the Lunch break money. OK, wherever you take lunches , just figure it out. If you risk more you are on your own. Not with me. Remember, you can reshort the market always at your leasure.

11:42 ET, Ok lower stops 48.12 Q bases. Free trade for all , should be
12:01 ET, Out and back in at the Second IHAP of the day on ESMINI, action ON Qs

12:20 ET, Q's Potential Danger up to 47.43

12:44 ET, Protected site has my Q stop.

13:35 ET, out at this time will look for re short chance

Dear Readers, I do not want to be confused. I am not either bullish or bearish at this juncture. I do not know, I go day by day on patterns until the situation resolves, like the highs above 1333 SPX are taken out or the pivot at 1259 is taken out on the downside.
The suggestions to prefer the short, today , come from YBR, And other historical patterns. Yes, next week the buying dips today may look good, but we know, what the criteria are for us to become either short term bullish or bearish and that is that. Also, please look at asset allocation and you will see how to handle uncertainties. It is called Asset Rotation.

15:52 ET, My preference to handle the day like this is as follows: Get out today, and take a short position on tomorrows open if it is Sharp low open. Now, as I said , This is me.

43 comments:

אנטי-סופיטליסט said...

good morning to all, well I see the market is going nowhere fast. They are battling down trend lines right now acting as resistance. Funny numbers from the govt hasn't helped the mkt to break them yet. Just an observation. By the way john since my cleveland Indians are out of the picture I will root for your cubs. waldo.

lagscrew said...

BLAINE

does it look like a bad # in the ISEE or is it just that high?

אנטי-סופיטליסט said...

Dear Boris,
FDIC "might" have to borrow money from the Treasury to see it through a wave of bank failures.
It will be used to cover cash flow pressures caused by reimbursing depositors. Ever notice that every Friday is bank failure day.
And rememeber when the Fed stopped
publishing M3. They said they did it because they could save $55 million. NUFF said.
Have a great trading day
Klaatu

אנטי-סופיטליסט said...

Dear Boris,

Both my 2X1 lines called for a
turning point on Tues. +/- one day.
Of course I expected after last Friday's high that the momentum would carry through and it would have been a high.But an interesting
pattern has again emerged.Using a
2X1 line down from Friday to 2X1 up trend from July low intersects today.And a 2X1 line up from Tuesday's low intersects on the weekend.BTW, both major 2X1 lins intersect on Tues Sept.9th so very soon one of those lines will be eliminated.
good trading,
klaatu

lagscrew said...

buy skf

boris said...

Dear Klaatu,
Dear Lag,
Thanks
Good Trading

boris said...

Dear Readers,
I like free trades.

THis is my kind of "FREE TRADE" though

Good Trading

lagscrew said...

buy srs

D said...

lag i looked at that ISEE # and it has to be a misprint...

אנטי-סופיטליסט said...

what the hell put a rocket under these mkts. no time to get out. waldo

lagscrew said...

Equities only maybe right on ISEE

D said...

It could also be a vol spread with calendars.

אנטי-סופיטליסט said...

right now there are 11,000 more calls than puts on the sept q's at the 47 strike price. waldo

D said...

If you remember back in August there was a day with massive put volume around the middle of the month...

:)

That wasn't retail and where did we go through the beginning of August?

D said...

correction:

"Where did we go through the beginning of OCTOBER?"

Blaine said...

Lag,

The 10:10 and 10:50 Indices/ETFs numbers may be wrong. But I can't tell. They are probably messing around again to confuse everyone. I can't believe this crap. I'm sick and tired of it!

Blaine

אנטי-סופיטליסט said...

I have noticed that volume is more today than in the past week or two. waldo

אנטי-סופיטליסט said...

twice as many calls now than puts so they are buying these pullbacks. I wonder. waldo

Blaine said...

VIX is acting funny, too. Only down 1%.

אנטי-סופיטליסט said...

Is the DOW hitting a roof? Trendline from 7. and 20 aug and make a paralell on the top from 11th aug.
She should have made a new high right now to follow the rythm of to day, as I see it
I am ready to buy a half put

QQQQ is not following the COMP MAKEING A NEW INTRADAY HIGH
Howard

אנטי-סופיטליסט said...

qqqq follows the ndx not the compq. waldo

Sqroot said...

Boris, on Tuesday you said:
"Everybody, please be careful. The benchmark for stocks, or in ENGLISH the short exit point is the high of yesterday. Bear market should not top that next couple days."
Are you backing off that? Thks.

אנטי-סופיטליסט said...

Re: qqqq follows the ndx not the compq.
I meant to say there is a divergence. It is possible that it is there only for short time, or not.

Howard

boris said...

Dear Sqroot,
Yes, As a result of a new pattern development. I junk that statement

I am sorry, I cannot always be explicit, not time , simply

Good Trading

boris said...

Deqr SQroot,
all,

New Banchmark, is 47.45 On Q's
Good Trading

אנטי-סופיטליסט said...

Economic reports tomorrow morning;

Personal income/spending
Consumption (PCE)
Chicago PMI
Michigan sentiment

Good trading,
Klaatu

lagscrew said...

buy TWM

D said...

Tonight is Obamessiah anointing ceremony.

jimww said...

It seems with fanny and freddy with abk and mbi back from the dead and the dollar low is in and due to rise, oil is contained , nat gas collapsed, a trillion in free money for the big banks and most importment 1260 S&P never came under attack. Please comment: why should some one be bearish ?when it seems the correct stand is buy the dips and lean bullish.Any comments from all the good traders?I am bearish after spring 2009 when I see the second wave of inflation strike. The one wild card is CHINA they are planning something ,like give us taiwan or we sell bonds . Jim

John said...

Jim,,
The YBR

old john

boris said...

Dear Jin, I am not Bearish in intermediate term,
But short term , we must go with what patterns say.

And they say sell this high.

I do not believe either in buy dips or sell Highs.

I believe in todays pattern and if it is wrong, I will know tomorrow.

GOod Trading

אנטי-סופיטליסט said...

just heard that most of the trading today was program trading trying to scalp pennies. all computers. Boris I am holding puts on the q's. I rarely hold them overnight so you think maybe a down day tomorrow. thx for your comments. waldo

boris said...

Dear Waldo,
I lean tomorrow being bearish and next couple weeks.

But nice thing is we may have to wait only one day to find out(:-

Good Trading

And a nice thing about options is you cannot be blown out, as long as you invest only reasonable ( to your capital) amounts
Like no loss of more than 2% per trade.

Good Trading

jimww said...

Thank you for your comments. Jim

boris said...

Dear Waldo,
Readers,

What I meant there was the 2% of your trading capital. Not your entire captial.

Good Trading

jimww said...

Waldo almost every day 70% of tradeing is done by machine that is why the game is hard, one has to think like a machine ,not easy.Jim

lagscrew said...

buy skf

אנטי-סופיטליסט said...

Held my puts but exited long ESU
at the close with profit.
Net for day...loss of coffee money.
Seems to me the Buy pressure should
be real low after today.
Good trading for the morrow
Klaatu

boris said...

Dear Klaatu,
ENjoy your day.
Thanks for excellent reporting
GOod Trading

boris said...

All Readers/Subscribers
Have a nice day!
Good Trading

Sqroot said...

Jimww, that's true. Look what it takes to write SELL in binary....
01110011011001010110110001101100

Sold all my longs for mucho $. I'm flat.

lagscrew said...

BULLISH?????
here is weekly

http://stockcharts.com/h-sc/ui?s=$TICK&p=W&yr=2&mn=5&dy=0&id=p34772311532

lagscrew said...

http://stockcharts.com/h-sc/ui?s=$NAAD&p=D&yr=0&mn=6&dy=0&id=p04429698160