Tuesday, September 02, 2008

Attraction Points(Apoints) COMING UP

Yen Is hearing from Dollar today and so do all currencies of the world. I think JPY crash(et) is on its way.
Anyone who saw the BigPicture on the protected site knows where the minefields are for Dollar. We are approaching the FirstAnnualHighAttractionPoint(FAHAP) and be warned. If you can not read the numbers exactly of the chart does not matter. That precision is not really warranted. But you should close within few cents right and left. ENJOY and strictly private. Not for transfer Please!

09:15 ET, Do not get intimidated by market. If the Q's approach the Thursday high, but did not run over yet, do not act. Make sure the Q's made a new high above that one and then and only then act. You see the just about right, does not cut. It is either new high or not. Very simple in this case. Sometimes markets will come back to old highs to intimidate you. DO NOT! ... Besides you are not gaining anything by doing it few points before actual hit ( if it hits) on the other hand if it never does, you are losing the trade, PERIOD.


1286 1283 1277 1269 spx 1302 1306 1312 1320






Precious Metals are getting less precious every minute. Do not worry. Accumulate some more, especially SILVER. At 50% haircut, one must own a bit of a SILVER. Being an industrial metal, it will go with stocks more than GOLD , which must compete with DOLLAR, and we know(:-

How Much Silver I hear the questions? Just look at the asset allocation in the sliding window PIE CHARTS. Do not overdo please, but do very depending on you tastes and capabilities

WARNING, DO NOT FIGHT GBP/BRUTISH next few days , after the annihilation process that it has undergone, it maybe able to stage a dead cat bounce.

The only thing that may come somewhat close to the GBP troubles is AUD(Australian Dollar). From strongest currency in last 6 years to one of the weakest in 6 weeks! talk about destruction of value. close 16% drop in six weeks. Now, you know why I as so adamant 6-8 months ago to stay away from CARRY-TRADE currencies. NZD/AUD/GBP and CAD to some extent. Remember I asked to make the trip to USA now, instead of next year. Well, Yes, it will cost you bunch this time around my very lovely , smart and technically great Australian subscribers and readers.

30 comments:

sharon said...

Dear Boris

Good morning

there is a rummor that the queen of England is looking for you since her savings depriciated by your call :)

Sharon

sharon said...

-

boris said...

Dear Sharon,
I have a secret for you
Straight from SCOTLAND YARD, via
PRIME KGB sources ( they penetrate everybody are not they(:- )

Her Majesty is invested in Dollars!

Good Trading

sharon said...

Dear Boris

always love to read your comments :-)

keep doing a great job.

Sharon

boris said...

Dear Sharon,
Readers,
Important detail.

As far as we know no word was received by ordirnary people in the street about readjustment of investments.

These tips, are for selected few only, apparently

Good Trading

boris said...

Dear Sharon,
We Love you too.
Always something interesting to say.
That is a spirit.

You see , I have no creativeness and only people like yourself can provoke it.

Of course, thanks god, we are blessed with such people on this board.

Waiting for them to pile in

Good Trading

Hopper said...

HI Boris,
Had dumped most of SKF before my holiday. Now I'm watching... Maybe this uptrend could last for a while? Looking for clues...

Hopper said...

Or maybe it is giving us a 2nd chance to short. Picked up more skf.

אנטי-סופיטליסט said...

Dear Boris,
Stock and USD/JPY has been moving in sync so far. A stock crash would mean the same in USD/JPY. So, if stock goes down, JPY should be up. Am I wrong somewhere?


Thanks

james

John said...

Boris,

going to tip my toe and in and buy a small amount of silver.

thanx

old john

boris said...

Dear James,
Miracles do happen.
I do not know why, but they do.
I think it will miracle for my theory to become true. Meaning stocks go down while JPY goes up. Go Figure.

Ok, here is a possibility. Suppost , all of a sudden the interest rates start perking up and the Dollar goes wild between now end mid/end of SEPT. Now that would hit the JPY among other currencies, but it would also hit the stock market, hA?

There could be other things that cam cause the same results, we/i do not always care , why. For me it is important to see patterns and play them, NO COMMON SENSE notwithstanding(:_

Good Trading

boris said...

Dear John,
If nothing else you can show the kids around the block , you MORGAN SILVER DOLLARS, which is where you going to convert right(:-

Good Trading

John said...

Boris,

You got it

old john

D said...

R2K and NYA divergence with S&P/DJIA

boris said...

Dear D,
Thanks a lot.
Welcome back to hack...

That is how we treat the fellow traders after the summer vaction(:_

Good Tradng

boris said...

Dear REaders,
What do you say?
Is stock market folding or what?
You see I told you they may come and scare you at the open and then take the market lower after they scared the daylight out of the naive investors(:-

Good Trading

boris said...

Dear John, We must have recruited entire Chicago to go buy the SILVER, did you see it is only down 2% after being down 6% a 4% imporvment after you made a purchase!

Good Going Dear John,
I know you have a midas touch.
Love you man(:-

D said...

Sorry I fat-fingered the silver trade.

;)

boris said...

Dear D,
Now I understand why the entire world has seen it!

Good Trading

John said...

Boris,

It must be the success of the Blog

old john

אנטי-סופיטליסט said...

Dear Boris,
ABSOLUTELY AMAZING CALLS,
for last several months and last several hours. I held on to my SPX
puts.Saw some red for awhile, but now in the green.Read your comments on Yen yesterday and covered my shorts as SPX started to roll over. Owe it all to you
my friend.Many thanks.
Good trading,
Klaatu

boris said...

Dear Klaatu,
I never imagined my mambo-jambo has so much value? Wow!

But I guess I must be doing semeting useful after all, if gentlmen of your kind, which we have around eppreciate it.

But you know the feeling is mutual. You GUYS/GIRLS are an inspiration and come in here and make my usual MAMBO-JAMBO and it works.

Incredible Dear Klaatu. Incredible, cause I myself never believed that I could obtain that status of "TACIT GURUDOM".

Which in JINGLISH means you make things happen , but you have no idea how and why the hell it works for you(:-

Love you my Dear Friend.

You comments are a part of my inspiration. Trust me.

The world is the stage and we are all actors and we need somebody klapping hands or like the ordinary animalls we feel there is no point in performing(:-

Thank you Dear Klaatu and all who make me sit here now after spending entire night chasing the same currencies , I told you story about...

It is not easy to tell what it is, when you just get into overdrive and just live currency sometimes 48-72 hours none-stop.

Perhaps that is where the "knoledge" comes from

Enjoy and GOOD TRADING

boris said...

Dear John,
And who is to be BLAMED for the success.

My longest and Dearest Student and Companion.

You are!

Good Trading

אנטי-סופיטליסט said...

As the market took off this morning I bought puts on the q's at 47 and made a little on them and sold them to early because in my wildest dreams I never thought the q's would come close to there 5th lower ap. Left a lot of money on the table. I guess I will wait on the next bus. waldo.

jimww said...

Dear Boris just too be the pebble under your mattress if the yen keeps falling ? will not this promote the carry trade? thus makeing stocks higher since the commoditties are under pressure. I agree the charts point to a lower trend/ accident but there seems to be a bid to the market for the longer term .Of course interest rate and volume are the unknown for me. Jim

boris said...

Dear Waldo,

Patience comes with time.
YOu will get bigger gains.
It is good that you do thorough analysis in retrospect.

Why did you go in.
What were your expectations
Why did you or did not you meet them , etc


That is a good staff.

People, I understand, only learn from mistakes!

Good Trading

אנטי-סופיטליסט said...

I guess Boris I am in a daytraders room and he is screaming don't be short here. He doesn't know how to be short. I am giving it some thought of getting out of his room all together. Just to much confusion.Your calls is so accurate and I have made money with your calls, just thought of scalping with him but lost money there. waldo.

boris said...

Dear Jim,

Let me rephrase your question.

If FED keeps printing money will not that induce more activity and better economy?


Most of the time this works Dear Jim. It really does. That it until there is a lust sucker to belive that there is DREAM of home ownership when the elite class owns the choice of everthing , including properties and then attempts to steamroll people with bearly punle in their veins into homes they can not effored.

As we found out, there is a limit, how long can you do that.

As they say "you can take the horse to the water, but may not be able to make him/her drink it"


Same here, if people believe the speculative avenues are shut and there are no more bubbles to inflate, why would they want to borrow YEN even at 0%, which is where it has been for last 7-8 years.

Perhaps, now Dollar will join YEN and than there will be competition for the CARRY-TRADERS! which are becoming extinct?


WOW.

I could be more seious about this, but do not understimate the power of this argument.


People start thinking, loan is dirty word and KEYNESIAN economy is dead.

KEYNES knew this, and stated this, but SOPITALISTS only took the parts that suited them from the famous economist.


Good Trading

boris said...

Dear Waldo,
I try my best,

I am humbled from all the comments today!

WOW!

Please , by all means. If I say this or not, you are the king of your selfbeing. You do whatever makes you more suited mentaly and If I am that person, I am/willbe honored

Good Trading

jimww said...

Dear Boris Eccellant thoughts, wonderfull Thank you thank you, No sleep for you ever again , your brain is working great.Your friend Jim.