Wednesday, September 03, 2008

Attraction Points(Apoints) COMING UP

Dear Readers,Especially Subscribers who have seen the EMPTY SPACE between the FAHAP and FALAP for US Dollar filled in a matter of absolutely amazing 6 weeks. That is how long it took the Dollar to cover the DEZERT between FAHAP and FALAP. Now, you know the power of knowledge of Attraction Points. When a security enters the FAHAP-FALAP zone it is capable of weightless flight, because there is no gravitation between these points only upon arrival at the other side of the OCEAN/DEZERT can the security find the gravity stopping it. Now, it must fight the series of APoints.

OK that is exactly where DOLLAR is now. It has just hit the CLOUD of the HAPS and will have to fight for every inch of advance, unlike before this. God How Powerful these APs are!!!

1268 1267 1264 1260 spx 1276 1278 1281 1284


12:17 ET, Please do not mind, keep chatting and doing things and keep stops handy all the time. Break Even is a minimum or you and I are not talking any more(:- ! I mean it

12:26 ET, there is an attempt to take market up. Stops in Place please. PLEASE!!! No reason to be scared, just prepared and stay reasonable behind, but no worse than break even.

42 comments:

John said...

Boris,

XLU is giving up ground again. Little by little

old john

boris said...

Dear John,
Thanks for tracking that guy.
It could be the canary in the coal mine as the UTILITIES have so far survived the declines visited other groups. They maybe due.

Good Trading

lagscrew said...

for those who missed it--here is a good place that has a free tip everyday early

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

John said...

XLU hit a intraday low. If it keeps it track, another day or so and it will be at the line.
old john

Hopper said...

Hi Boris,

Do you or any one else here use the Baltic Dry Index (BDI) as an indicator? It probably is a more fundamental indicator than technical indicator.

John said...

DJU might make it today. Steady downtrend.

old john

pattern_solver said...

Dear Boris,

Again it's been a while since i commented here.

I saw your comment couple of days back mentioning

" I go day by day on patterns until the situation resolves, like the highs above 1333 SPX are taken out or the pivot at 1259 is taken out on the downside. "

My doubt is what if it exceeds on both sides slightly i.e is there a possibility that S&P could slide towards below 1259 to 1237 range and again start a rally towards 1330.

Let me know your opinion and also please let me know your views on Crude and YBR dates, would greatly appreciate it. My e-mail is pattern.solver@gmail.com

Cheers

John said...

Boris,

Utility Index is getting real close, fairly large move today..
old john

boris said...

Dear Pattern Solver,
Good To hear from you.

If the pivots are taken out that puts into certain mode bullish/bearish. We are still vigilant of drops into the NO MANS ZONE and will behave more day by day. That is it. There is no substitute to expecting something and doing another when the expectation does not come true.

That is what we do in life too.
SHould not be difficult in trading.

The reason people have the problem with this action plan is that they are not sure what they want to do.

In everyday life they know what they want and what to do, for most things and act that way.

That is why there is no substitute to traders education.

1) Know what expect and
2) have ten(10) paln B's when plan A(1) does not work(:-

I will email you personally.

Good Trading

boris said...

Dear John,

Keep us informed,
Put the numbers please

Thanks My Dear Friend

Good trading
Actually, I have a very nice Idea for all friends to keep supply each other things like...

What is TRAN doing
What is RUT doing
What is UTIL doing

ANything you see , any comment is important. Any anomaly and non-confirmation

Please everybody take part and enrich all of us. It will help me help you too.

Do not worry about putting stupid information. I will tell you it was stupid and we laugh for couple minutes and continue loving and posting.

Ok. Let us go be more active expressing yourselves , You do not need to wait for my response either

OK Love you all

John said...

DJU is 462.05- the line in the sand is 460.00

It is down 9.03 today a lone. On a 2 yr chart it is almost a perfect head and shoulders. 460 would be the neckline.

old john

lagscrew said...

Per your last comment

I noticed NYA was leading the down

(bigger players)--longs be careful when the big boys sell to the little like this morning

lagscrew said...

Im also seeing a secret formation I use thats looks like we will be breaking the supports today

boris said...

Love you Dear John,
YOu should start you blog now?
Then what have to find a way to unite the two. Like a family(:-

Thanks so much my absolutely greatest friend
Good Trading

lagscrew said...

the reason for secret is when something is known it quits working

THE DARK SIDE

boris said...

Dea Lag
THanks a lot man
Always something smart you observe
YOu have been one of the most productive info source on this board if not the most.

Love you man.
Please keep up an incredible work

John said...

Boris,

13 months since I started.

old john

boris said...

Dear Lag,
It is fully nice to express opinion without giving secret.
Absolutely.

Good Trading

pattern_solver said...

Dear Boris,
Thank you and would await your mail.

Looking at lagscrew's comment

" the reason for secret is when something is known it quits working "...........

makes me reminded of Da vinci's quote.....

Leonardo Da Vinci, "Life is pretty simple: You do some stuff. Most fails. Some works. You do more of what works. If it works big, others quickly copy it. Then you do something else. The trick is to do something else."

Cheers everybody and good trading!

Blaine said...

1260 will never break. Never. The KGB, CIA and NSA are all buyers at 1260 with monopoly money.

Hopper said...

I guess no comment on the BDI?

boris said...

Dear Blaine
Where is your usual Bearish guy.
Now you gave up on shorts(:-

Just joking my Very Dear Friend.

Good Trading

boris said...

Dear Hopper,
Remind us what is BDI?

Good Trading

Blaine said...

Hopper,
I haven't looked at it in a while and wow, it has a strong correlation to the market. It called the Oct07 top perfectly, it called the Jan08 initial bottom, it called May08 top and so I guess your question is what is it saying now? I will take a guess:

1) It will make a sharp recovery higher and stocks will follow or...
2) This is a massive top since last year and we breakdown to 5000 with stocks dropping.
3) If 5000 doesn't hold, then we can conclude the economy will enter a deep recession/depression.

It is down over 3% yesterday.

Blaine said...

Boris,

I'm just bored and frustrated. I don't want to make any swing trades until the market picks a direction...

I will be watching the BDI for confirmation :)

Hopper said...

Baltic Dry Index (BDI)

Hopper said...

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

Hopper said...

Baltic Dry Index - BDI

A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. The Baltic Exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery (speed).

The Baltic Dry Index is a composite of three sub-indexes that measure different sizes of dry bulk carriers (merchant ships) - Capesize, Supramax and Panamax. Multiple geographic routes are evaluated for each index to give depth to the index's composite measurement.

It is also known as the "Dry Bulk Index".
Investopedia Says... Changes in the Baltic Dry Index can give investors insight into global supply and demand trends. This change is often considered a leading indicator of future economic growth (if the index is rising) or contraction (index is falling) because the goods shipped are raw, pre-production material, which is typically an area with very low levels of speculation.

Because the supply of large carriers tends to remain very tight, with long lead times and high production costs, the index can experience high levels of volatility if global demand increases or drops off suddenly. The Baltic Exchange also operates as a maker of markets in freight derivatives, a type of forward contract known as FFAs (forward freight agreements) that are traded over-the-counter.

Hopper said...

Thanks Blaine

Hopper said...

The summer Olympics have just finished in China. Vancouver is getting ready for the winter Olympics 2 years from now. There is massive construction here in Vancouver to Whistler. So I deduce that China must have had a lot of construction before theirs too. A lot of raw materials must have been shipped there and that would correspond to the BDI graph. So just speculating, with a slowing US economy and the Olympics in China finished… the BDI will not reach its previous high

John said...

DJU at 462.2- getting close to the magic number

old john

John said...

on the DJU-461.5- moving like a tech stock today.

old john

jimww said...

Dear old john Why are utilities getting crushed? intrest rates are tame. Jim

John said...

Jim,

They should be rising with the interest rate scenario unless rates are at a turning point. I am watching because the last time they neared 460- Boris talked about the utilities being the last sector to fall. I then looked at a a 2 yr chart, it is a massive head and shoulders with the neck line at 460. I am just a novice, been here only 13 months. I am sure Boris will give you a better explanation than I can.
Doing OK in the markets but the Cubs are breaking my heart again.

old john

lagscrew said...

JIM

look at the 3rd post on here--maybe help you

jimww said...

Dear John Your explanation is just fine and simple, I am simple and my mind needs a little jogging, It makes perfect sense the utilities are seeing higher rates in 09. Jim.

John said...

Jim,,

I try to keep everything simple for my own brain. I just try to remember everything that is said on the board and I follow the APs diligently. Everyone on this board is much more sophisticated than me.

old john

lagscrew said...

damit the Dark Side must have figured out my secret formation
LOL

lagscrew said...

Hurricane watch

Latest MMS report on rigs/production in GoM...

http://www.mms.gov/ooc/press/2008/press0903.htm

boris said...

Dear Hopper,
Dear Bliane
Dear John
Dear Jim
Dear Lag,
Thanks a lot all of you for a lively and interesting discussions.

Please let us do it again tomorro
It was fun and I had little more time for myself as you guys did the job splendidly.

Love you all that were here and that just listned in

GOod Trading

curaki said...

Good morning Boris,
has EURJPY pattern changed or you are following still old pattern (you are expecting EURJPY rise soon)?
Thanks, Ivan

boris said...

Dear Ivan,
I said yesterday, it is coming,
It is here, I think

GOod Trading