Monday, September 15, 2008

Attraction Points


With a huge drop of 50 points today, there are two things to notice. MDS/SISTER was on SELL and the pressure chart is reproduced here from weekend. It is incredible that this drop will look almost identical to the drop that followed the synchronous ORANGE ARROW on the left. UNBELIEVABLE!
This is what I call pattern recognition and I did not even need NEURAL NET to do it? Just my two imperfect EYES!

Problems Today, Some Data Missing,

Major ones should be there
1217 1210 1200 1187 spx 1244 1251 1261 1274

AFRICA=9!?
For months, years(:-, I ran the campaign of AFRICA=24, AFRICA=15 starting form AUGUST 2007 when AFRICA ( construction company) in Israel was at 48. I was ridiculed then and I continued the countdown till AFRICA=15, when that became reality, I did not want to embarrass the company anymore and stopped with having taggets at 12 and 9.

Well Congrats AFRICA, you are now at AFRICA=9.
So, how did I know AFRICA was doomed. The Same Way I knew BRUTISH POUND was doomed and LONDON WAS DOOMED and STOCK MARKETS around world were doomed. WHY? CAUSE, when RUSSIAN companies(:- started the IPO's on LONDON EXCHANGE it became clear to me...

15:06 ET, Now all of you subscribers, I assume have seen the BIGPICTURE USO , FALAP(Attraction Point). YOu know where it is right? Where? Long distance from here. Wathc out we could get there. Remember how fast the securities travel from FAHAP to FALAP!
Good Trading

26 comments:

John said...

Boris,

thanx

old john

boris said...

Thanks Dear John,
Good Trading

sharon said...

dear boris and all

good morning.

gloomy prospects for dollar amid this financials situation. what do you think happen when a big comercial bank will go out of business?1929 again?

Sharon

boris said...

Dear Sharon,
Dollar correction was inevitable and it happened exactly on time.
It will be volatile for a while and it will be higher into next PASSOVER, no guarantees, I have been wrong before, but ben right too.

None of this means that performance is going to be uniform across all currencies.

in 1929 Dear Sharon There was no inflation. Dollar Remained stable

Good Trading

אנטי-סופיטליסט said...

Boris, I sent you an email You must read. Waldo

boris said...

Dear Waldo,
Read, Responded,Respeced
Love you Dear Waldo
Thanks
and Good Trading

אנטי-סופיטליסט said...

Dear Boris /All

Bush was talking directly on CNN about the the banks when the Dow was down 190. Now it is down 280. Just a parallel.

Thanks,
Howard

Ps: I have received the A points twice to day (no probleme for me..)

boris said...

Dear Howard,
Thank you
Love you brother

So, DOW(n)=9999 could still happen?

Hallelujah!

Good Trading

John said...

Boris,

The volume on the Qs is out of sight. Double the avg daily volume already

old john

jimww said...

Dear All Where is the FEAR in the market It seems to be all smiles? except for AIG I don't get it. Is there a secrete deal to close the S&Pat 1230 come this thursday close ? I can not see far enough ? oh well so be it. Where is that stupid vix is it above 30? Jim.

boris said...

Dear John,
Thanks
GOod Trading

boris said...

Dear Jim,
Where is the FEAR,
What Fear,
We live in Nanny state.
"THey" are almighty.
"they" will take care of everything
What happened did not you get it yet?

Nobody cares anymore, LEHMAN who?
CITIBANK WHO?

Who cares if CITIBANK is the largetst ( by Assets ) bank in the world.

Remember in EIGHTIES the largest banks by assets were ( you guessed it JAPANESE BANKS).

DEJAVE all over again.
As our Dear Friend YOGI BERRA said

Good Trading

John said...

Boris,

Yogis was great but he was not a CUB.

John said...

Boris,

Seriously, that is the problem - no personal responsibility at all anymore. The culture where everyone is a "victim" of something or other. No need to save money, :THEY: will take of me.

old john- and I do mean old fashioned.

Those Qs are unbelievable in their volume.

Blaine said...

ISEE = 104. The little guys are way too bullish. You would think we would seeing the 50's today. We have much more room to fall. I'm watching the VIX, it must go much higher.

Blaine said...
This comment has been removed by the author.
Blaine said...

I'm thinking 40+ on VIX

John said...

Boris,

thanx. sitting here patiently waiting. shorted a little Qs and made coffee money..

old john

boris said...

Dear John,
I need you patience.
Man sell me some(:-

You are something
ENJOY

GOod Trading

Blaine said...

Boris,

You know it is VERY BAD when Paulson's headline reads:

"Americans should remain confident in U.S. Financial System"

What do you think happens tomorrow?

boris said...

Dear Blaien,
Remain confident in pressure chart.

Good Trading

Blaine said...

Thank you, Boris. I really needed your words on a day like this. Trailing my stops, but afraid of a gap-up open tomorrow...

boris said...

Dear Blaine,
If you lack confidence,
Perhaps you should take profits and convert rest of the bet
into options.
Not much to lose that way
Good Trading
Sleep WELL

Blaine said...

Lots of late trades went through. Mutual fund selling. Not good...

John said...

Average daily volume on the Qs is about 167 million. Today there was well over 600 million shares. '



old john

אנטי-סופיטליסט said...

NYSE had a 90% down day today. 2921 (98%) was declining.

Nasdaq had 84% declining.

Will Dow touch 9999? Someone talked about "There is an increasing bullishness among amateurs"

God trading.
Howard