Wednesday, September 17, 2008

Attraction Points

1177 1169 1156 1141 spx 1209 1217 1229 1245

Corrected version put on PSITE ( Intra), Waldo ! are you OK?
John, ALl fine? at least some?

10:58 ET, if you are overexposed to metals, non-core positions I mean. Please start selling them. Higher the gold goes more you sell. Good Trading

11:14 ET, Bottom could be right around here, turn time 11:10 +-15min

11:39 ET, We seem to be lifting here and we do not want to see new lows in SPX today. If we do, it could mean a continuation on the downside.

14:32 ET, Everybody please note that YEN has not made any new lows after the time I announced possible turn. Market needs to hold the lows so far and any new lows are not to be seen. Then we have a chance to make a double bottom here and stage a rally of few days which should be followed by retest and perhaps break down to 1070SPX/9999DOW. These were/are the scenarios I described as possible ones few days ago.

14:59 ET, pay attention rocket maybe coming! Not much time left, but It is possible. Nobody would have believed the low would today, but it did so far. In any case, formation looks like a double bottom on a two day bases. For the first scenario ( rally and retest to work out) Last two days low should hold

15:39 ET, Ok it is not going turn around , but did not break down either. It is possible for beasts to react to this and generate a change. We shall see in tomorrows data

15:40 ET, Ok we did break down. Now the Scenario two looks more promising? In any case, you see one can not trade every situation. If you followed MDS and are short where it said ( or followed me and shorted where I said to short , around 1300) you can wait out any scenario and wait for your reward. If you are looking to go long though , then you have a tough time. Only accumulation is suggested until we have reached a hard washout. As I indicated in my comments today. What we had so far WAS NOT A WASHOUT. I was partial to the first scenario, but it looks like we are in for the Second one. Well, that shows that, at least, I can not help you every day. I can only help on specific days and if you do not do that on that day then the task becomes difficult at best.

40 comments:

John said...

Boris,

Fine, some not named but i can figure them out , so others should

old john

Cubs won again

boris said...

Dear John,
Thanks

SOme data just did not come out OK,
Especially the mid section where I say NA
Good Trading

gorli said...

hi boris, what is your opinion of the rally in yen?
gorli

Blaine said...

Boris,
Is this move in gold and gold stocks a fake?

Thanks,
Blaine

boris said...

Dear Blaine,
YOu have the SEEFUTURE chart.

Please see that rally here is possible and due.

I am looking ahead and if you can take the profits do so.

I can not comment on what is in the SEEFUTURE.

Please see it or email me

Good Trading

boris said...

Dear Gorli,
The same thing on JPY,

Please see my previous comment yesterday on PSITE and see the response today to JAMES.

I am not going to comment on clear channel on this.

Please email me if you are still not clear.

Good Trading

John said...

Boris,

thanx, I was watching the currencies. saw what was happening, you helped mucho


Go Cubs

old john

boris said...

Dear John,
Thanks

Good Trading

אנטי-סופיטליסט said...

hi boris, do i need to log-in to the "new" PSITE or can i use the old site? (using your email address and password)
thanks,
gorli

JW said...

Hi Boris,
I am a little confused about precious metals. Should we be looking to at gold here? or liquidate heavy holdings?

Thanks jay

boris said...

We are looking to accumulate for those who do not have enough.

For those that have more than enough ( core) we should sell into the strength. Slowly, but surely

GOod Trading

boris said...

Dear GOrli,
YOU need to log on to the psite.
Just like you used to before.

Just type the URL and login with the password you have.
If not email me please
Good Trading

Blaine said...

Hi Boris,
I counted the dots on SEEFUTURE blue line and I think I understand. Please confirm there are 3 more dots remaining on the right-hand side of the chart. If so, will you be sending out an updated version?

Thanks,
Blaine

boris said...

Dear Blaine,
Please see the protected site

Good Trading

אנטי-סופיטליסט said...

My power has been off for 3 1/2 hours. It just came back on. waldo

boris said...

Welcome back Dear Waldo
Good Trading

אנטי-סופיטליסט said...

Boris, I cannot get new info on protected site. I have copied and pasted the link above protected site and when I get in it gives yesterdays data. waldo

Blaine said...

Boris,

Thanks for the metals update on the protected site.

Do you have any more turnaround times forecast for today? The market sure feels heavy...

Thanks,
Blaine

אנטי-סופיטליסט said...

Dear Boris,
Just bought some more
Yen puts.
Missed the gold move,but my Krugerrands are up :-)
Wild days.
Good trading to all,
Klaatu

אנטי-סופיטליסט said...

Hello Dear Boris...

I second whoever said that the Psite isn't updated....

When Dear Blaine talks of "blue dots" and the "seefuture" thing, I'm blind....

Anyways, you were suppossed to warn us about $90.00 moves in gold with sufficient lead time, weren't you? :-)

xerxes

Blaine said...

Xerxes,

The SEEFUTURE chart is not posted on the protected site. I was referring to the original he sent in his email. Boris only posted new commentary about gold on the site.

And yes, I was staring at GLD and GG yesterday ready to load up, but didn't do it. I had another chance this morning before 10 A.M. ET, but balked. What a huge move!

The sky is falling ;)

boris said...

Dear Blaine,

There is no turnaround time, now it is more like a big breach of the 1170 will take us to the next level 1070 . There is not much to do. If we survive today then there is a chance for a rally of few days and then another test here back or down to 1070

That is the scenario.

GOod Trading

boris said...

Dear Xerxes,
Anybody who see the SEEFUTURE chart and counts the weeks knows that Warning is/was there for an ANTIDOLLAR rally. I bought some gold today as a trader.

Warning was issued 3 montsh ago and dates were known. Doing more than that is hard.

Good Trading

boris said...

Dear Readers,
Please Make sure.
Everybody has SEEFUTURE copies , mor than one two or three times

Because I have updated and send them.

Nobody gets signed for my service withut receiving this SEEFUTURE.

So, now.

Anybody who did not buy GOLD can blame themsleves. Not SEEFUTURE

Inspite of the fact that it has been enourmously accuarte, people do not seem to use and concentrate on it.

Please have a clear understanding of the graphs given to you.

All it takes is counting weeks.

Yes it is not the greates chart to read, but even kids can count(:-

Good Trading

אנטי-סופיטליסט said...

Blaine I also had my finger on the buy button on DGP, that is 2x to gold. It is only up 23% today. No guts no glory. By the way boris when I try to log into protected site it tells me page cannot be displayed. Since you have changed things I am having a terrible time figuring things out. If anyone has any suggestions I'm all ears. Waldo.

boris said...

Dear Readers I have sold all my GOLD I bought this morning ( just a littel amount) and I strongly advise to get rid off any excess preceious metals as the market moves higher.

Good Trading

John said...

Boris,

Only traded gold once, did ok but it was only an overnight trade. Maybe next time. I have a hard enough time with the indexes.

old john

sharon said...

Dear boris

Good day,

Have you seen Africa's bonds-? it becomes a scary movie. 15% drop for AA bond never seen in Tel Aviv stock exchange before. my friend, works for a big trading firm, told me that for the first time in his life he saw the BID side of the screen empty- wow !!!

It looks more like chapter 11 than capitulation.

Good to have you around these days

Take care dear boris, love your work.

Sharon

aaaaaaum said...

Sold some gold! Nice :)

boris said...

Dear Sharon,
When I predicted demise of this company from 57 ( I sold at the TOP) everybody called me crazy.

I must be
Love you too
Good Trading

boris said...

Dear Asif,
Thanks. You are aware that you could be leaving some profits at the table, but I will run the history and I bet I will show anybody that 15% moves do not happen in BULL markets.

Good Trading

aaaaaaum said...

Kept core! Now shorting Є. Still not clear on your PSITE email reply.

boris said...

Dear Klaatu,
Sorry , was not able to follow up
everybodies comments.

Love you Dear Klaatu.
Thanks a lot for your contributions
Good Trading

xerxes said...

Hello Dear Boris.....

Kindly please forward the Seefutures chart/graph....

You didn't include me in your mailings while I was on summer break :-)

BTW, as you have talked a bit about bonds, perhaps you could expand your views on treasuries...

Maybe you can give more details about the coming collapse/demise of this market, if that is what you believe....

Everybody seems to be piling into UST's...Investors are even paying to acquire them, so I've read....
When will they pull the rug?

boris said...

Dear Xerxes,
The SEEFUTURE update was just placed on PSITE.

Dear Xerxes, while I have plenty of Political and Economic foundation for what I am forecasting, I really rely mostly on my technical work and it says that we have hit the levels in Treasuries that should not be vilated too much on the downside(interest rates). Because if they are then we are most likely looking at another JAPAN situation and ZERO interest rates. But Japan can have ZERO interest rates their balance of trade is Positive and Savings are positive. Ours is not.

SO, without really getting into GEOPOLITICS of it, I would say that technicals are showing the approach of TREASUREY demise, perhpas causing the strong(er) dollar in immediate future, but anticipating the week(er) dollar down the road.

So, the Idea makes sense, but again... to me technicals mean everything.

If I was looking at other things, i would have made the same mistakes about dollar like JIMMY ROGERS and GEROGE SOROS and the entire world made.

They thought Dollar was going to 40. well maybe, but without gointo to 82 first.

Good Trading

Aboot-Bull said...

well.....

where to from here..????......
if any where..???.....

Vishal said...

Im in cash after the breakdown into the close, but tempted to short SPX and RUT again.....need to be disciplined.

boris said...

Dear Aboot-bull.
Our subscribers have and had a pretty good Idea where things are going from the begining of the year. Not only that we have told the world on these pages where stock market is most likely to go .
In price and time. All anybody has to do is to rearead these forecasts. Like the one in this post.

Good Trading Dear Aboot-Bull
thanks for coming by

אנטי-סופיטליסט said...

Hello Dear Boris....

This is the last thing I see on the Psite...

09162008 daily +BIgPctures fresh...

SeeFuture???

Am I doin' something wrong?

xerxes

boris said...

Yes Dear Xerxes,
The first graph is SEEFUTURE

Good Trading