Tuesday, August 05, 2008

Attraction Points(Apoints),ASIA & EUROPE

6303 6278 6238 6172 DAX 6424 6449 6489 6554
3266 3253 3232 3198 ESTX 3330 3342 3363 3398

04:20 ET,
CARRY-TRADE CARRIED OUT
Australian and British Cents Buy Less By Minute

Dear Subscribers/Readers the weight of evidence is mixed at this time, but the YBR calls for -2-3 days up and then sharp lower move. Amazingly enough if the 8/8 +-2 trading days proves as high it would be very interesting as it would be YBR compliant and would come at THISHA BAV ( 9th of the month of Jewish Calendar AV). This date is known and marked in history as the worst day , when JEWS were thrown Persecuted in SPAIN, In GERMANY, RUSSIA and even the fall of the FIRST and SECOND TEMPLE of ISRAEL have started and/or ended on the THISHA BAV. So, this is a very heavy date in Jewish and world History. In addition the ASTROLOGICAL constellations(eclipses and the bad blood Mars/Uranus) are contributing the the possible flair up in the political/military and/or Mother natures laps and we get the week to be careful about from 6th to 17th of AUGUST.

08:08 ET, GOLD has probed important support area of FIB 62% at 880 and so far rebounded. In light of what was said above, I would not be surprised if GOLD was to have at least a decent correction into Mid August, but if this 880 area is broken we are looking at 850 next.

08:53 ET, I would like to direct your attention to the goings in the ANTIDOLLARS.
For one the GLD-USO spread has been working like a charm. It was nobrainer when was advocating it couple months ago.
For Two British Pound and Australian Dollar Have finally taken kind of a pounding that I called for almost 5 months now. Australian Dollar , More of a PETRO-CARRY Currency waited until OIL Bust to do what it needed to do.
For Three the EUROs( EURO, SWISSY) are now outrunning the JPY lower, which was my take in discussions with IVAN. He has the keen interest in EURO/JPY spread.
So, Yes, in some ways all my assumptions about the ANTIDOLLAR WORld have come to pass ( some with delay) and amazingly enough the interrelationships among ANTIDOLLAR have also worked/working predictably. I am AMAZED , if you allow me(:-, this has nothing to do with bragging, but all to do with the fact that I am just humbled that, myself, a simple man could do this, HONESTLY!.

29 comments:

Damien said...

Hi Boris,

Do you have any thoughts on DD? Looking like a strong open on the stocks today.

Regards,

Damien

John said...

Boris

good morning


old john

boris said...

Dear Damien,
Good To hear from you.
Here is a nice example of a stock that for months, hung up there high with the other checmical/agircultural/energy related BS that was going on.
It has approached hair away from FAHAP and could go over it( you SHAKERS subsribers attest to that right? ) you saw it all year along, now it s making new lows of the year and will probably go lower befor it goes up higher again, sometime towards end of the Year.
BEWARE of FAHAP it is
1) GATEWAY TO STARDOM when broken on the upside and
2) KISS OF DEATH when unable to do so.

DD is in later basket, that is the way it looks to me.


LEvels below to watch

33 and 30 for starters. HUGH!

Good Trading Dear Damien.

boris said...

Dear John,
I am sure you followed all of that discussion with Damien as a lucky subscriber to SHAKRES.

Good Morning to you My Dear FrEIND

John said...

Boris

Yes I did, but I have hard enough time trading the indexes with daily APs-

stay small and stay in business

old john

boris said...

Dear John,
Understood,

The point though I was making though is that that kind of view of the market groups and actions is what makes us able to predict the ANTIDOLLAR and stock market actions even better.

That was my Point Dear John.

Good Trading

John said...

Boris,

I got it , I had to make that remark. Doing just fine, doing what I do.

naturally with your help

old john

boris said...

Dear John,
Thanks.
No probelem,

Who could be more easily convinced than me that trading is a hard work(:-

Perhaps only you(:-

GOod Trading

Tina1000 said...

Greetings from Helsinki for a long time!
Executed only few trades during past weeks, luckily all profitable :-). Today looks bullish in europe, but I hesitate to take position, because it is a fed day, so I decided to stay flat so far. Good trading to all!
Tina

John said...

Boris,

Trading is hard work, especially the emotional part. Logic says one thing, emotions say another. very,very difficult at times

old john

John said...

Boris

thanx for info

old john

boris said...

Dear Tina,
It feels so good to hear from you and even better that you are doing well.

My Dear Freind. Warmest Hello to you from the Community of ANTI-SOPITALISTS

GOod Trading

John said...

Boris,

^DJU will probably collapse at the appropriate time

old john

boris said...

Dear John,
I am sure that is exactly when it will happen.

I can not get over with the perfection of this HS formation in the ^dju. It is incredibly symmetric looking!

Good Trading

John said...

As you would say- convergence for the 8th or so.

boris said...

It is will be POETIC, Dear John,
IF the BEASTS are to generate the SELL RIGHT Into that area as well, IT would be like dream team.

BEasts on SELL.
FED has spoken
YBR says let's go down
Thesha B'Av and bad days to follow
Bad Constallations in the sky
Mars/Uranus bad action.

ANd the last but not the least, the pattern I follow. If the New lows are created here the drop will be of sizable proportions, 1170 is right there, but 1070 is more like it ( before Setp/Oct)

GOod Trading

boris said...

Dear JOhn,Readers,
FOrgot the Iranians have a deadline with Western Cuntries proposals and we are in the Huricane season.

So, what else could go wrong.
If we come out of all these with minimum damage, our prayers have been MET!

Good Trading

Klaatu said...

Good morning Boris,
When I look at the YBR it seems
to call for a high just past the red line you have drawn.That seems to put us into latter part of next week, maybe even the 18th.Or am I trying to fine tune it too much with my foggy brain? :-)

Good trading

boris said...

Dear Klaatu,
What I see ( by shifting my chart one month behind, OMEGA does not allow future charting) is that the Low was yesterday the high is in 2-3 days and then the low in around 16-17 with the spike it shows( I do not trust the sizes of YBR, timing is more trustable) into 2-3 weaks after that and resumption of downturn into SEPT/OCT.

Good Trading Dear Klaatu

waldo said...

Good morning Boris and all, after looking at some charts last night and I was amazed that the $cpc looked more like a top than a bottom. What is your take on this indicator. Thanks as always, waldo

boris said...

Dear Waldo, the Indicators at this time are mixed and I do not like to make anything out of nothing.
I throw this indicator in the mix at this point and come up with the weight of evidence that we have a couple days , at least, upside , before we get negative. If market drops today we will change our mind in a minute.
That is where we are. GO WITH THE FLOW TIME!
Good Trading

John said...

^DJU just broke 460

lagscrew said...

buy skf 118.04

Klaatu said...

Dear Boris,
Thanks for your feedback.
I knew the year was shifted backwards, but didn't realize the month was also.When you develope a time machine to take me back, let me know, I have some options I'd like to buy> :-)
........................
Barron's interview this week with
Nouriel Roubini where he said, regarding swapping T-Bonds for toxic securities: "It is privatizing the gains and profits, and socializing the losses as usual. This is socialism for Wall Street and the rich." I guess he hasn't hasn't heard the new word:
SOPITALISM.
Thanks again Boris for your guidance
Good trading
Klaatu

boris said...

Dear John,
That is a bad sign for the markets
but probably a temporary bear trap.
wait until other parts of the market start weakening

Good Trading and thanks for heads up

John said...

Alarm went off

boris said...

Dear Klaatu,
Yes, Thanks.

So many people are looking for the ritght word and do not find it.

The same with post by Dear Mouldin at safehaven.com.

Tha HCM review in there, keeps talking about this subject keeps saying SOCIALISM FOR RICH and CAPITALISM FOR POOR at least 5 times.

Come on world get over it...

The word was invented, it is called SOPITALISM

Good Trading

D said...

I prefer "kleptocracy"

boris said...

Dear D,
Educate me on kelptocracy
GOod Trading