Friday, August 29, 2008

Attraction Points(Apoints),ASIA & EUROPE

BEASTS STATUS IS UNCHANGED













14 comments:

Greenie said...

Completely agree Boris. Other that distortion created by low volume, the signal looks unmistakable.

sharon said...

Dear Boris

Good morning.

ISEE reading of 163 is quite high
for a SPX rally, am I right?

Sharon

sharon said...

-

אנטי-סופיטליסט said...

Boris,

USD/JPY has just broken down from triangle, which should support your view about bear stock market

boris said...

Dear Greenie
Thanks.
I guess, we just have to wait if history has same wait this time.

Do not anybody forget though, history is made always new(:-

Good Trading

boris said...

Dear Sharon,
I am not an avid follower of that data, but it seems to me above 100 is looking bearish

Good Trading

boris said...

Dear Who? אנטי-סופיטליסט

I thought JPY would pressure the markets all along and so fare it has. I think it will continue few more days, 5-10 or so, I will update on this subject.

After which they will unleash the JPY lower to support the market.

Good Trading

John said...

Boris,

Good morning.

Cubs won again:)

old john

Wanderer said...

Dear Boris,
Good morning.
Good trading.
I hope that you have an excellent long weekend.

Bert

lagscrew said...

BULLISH?????
here is just one of many----weekly

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

boris said...

Dear John, Bert,Lag,
Sharon, all Subscribers.
Thanks.

I was not abducted , YET!

I am just very busy getting things done

BEASTS are UNCHANGED

Good Trading

lagscrew said...

Major Concern'
Russian oil companies were ordered by the government to cut supplies to Germany and Poland through the Druzhba pipeline, and executives from OAO Lukoil have been put on alert for the weekend, the London-based newspaper reported.
Supplies may be cut as early as Sept. 1, the newspaper said, citing an unidentified business person. The cut would come at the same time as an emergency EU summit in Brussels to discuss sanctions against Russia, the newspaper said.

http://www.bloomberg.com/apps/news?pid=20601072&sid=aqBZo7WZBFqQ&refer=energy

bob said...

good morning Boris,
You mentioned yesterday,if there was a sharp downturn today, you would consider entering "shorts". What entry point would you consider for the SPY and QQQQ>

boris said...

Dear Bob, I meant on the open.

Open would be your entry point and the high of the last day would be your initial protection.

That is if you do not have your own way of doing these things.

But, I prefer that you apply your own ideas of trading to doing this. Remember I can not say things and be in a position that I can not correct them. In trading decisions are made on a split second bases. At least this is with me.

In general, there is no long term for me. All terms start from short term. If I can not make small risk position I will not do it.

As simple as that.

GOod Trading Dear Bob