Thursday, September 18, 2008

attraction points(Apoints)

1163 1157 1147 1134 spx 1188 1195 1204 1217

10:29 ET, it looks to me like, for now the market has decided to grind this thing out more. By coming up here, I think, market maybe telling us that
"there is just too much time to October and we do not want to finish this grinding business until then , so we could not just go down to 9999=DOW and finish this disgusting job of ours. We need to torture the uninitiated investor, bring him/her to submission by giving them heart attack. That means , if we are not ready to take this thing to ZERO, we just need to prolong the agony for the poor souls and when they finally gave up, just hit them with the rising market."

10:41 ET, Gold is in retreat and so is SILVER, They can not make money to all "Johny come lately" in the market. Everybody was kicking themselves for "missing the move" yesterday. Well, as they say markets will fluctuate at exactly appropriate times(:-

46 comments:

lagscrew said...

sold SKF @ 134.09 vs 114

lagscrew said...

now it takes off--$$$hit

boris said...

Dear Lag, It is Ok,
You will be fine in the midday( at least ) market retreat.

Good Trading

boris said...

Sorry for my comment , I must be sleeping still.

Selling SKF is like buing market and I obviously meant that market will correct.

So, Please ignore my hallucinations in previous comment

GOod Trading

אנטי-סופיטליסט said...

Dear Boris,
I already had my heart attack.

Thanks to the YBR, MDS,
B/P Pressure graphs,and constant pulse taking by "Doc" Boris and of course my stent, I am prepared for most eventualities.
Good trading,
Klaatu

lagscrew said...

Funny--Boris needs sleep

sold 1/2 srs @93.3 vs 81 buy

John said...

Boris,

Doing ok again, was watching the yen turn.

old john

lagscrew said...

sold other 1/2 at 95.18

boris said...

Dear Klaatu,
YOur pulse if fine.
SO are you.

YOu will outlive all SOPITALISTS on the earth(:-
Because you are not one of them
Good Trading

boris said...

Dear John,
You certainly watch right staff

Good Trading

boris said...

Dear Lag
Enjoy

Good Trading

John said...

Boris,

good teacher

old john

אנטי-סופיטליסט said...

How in the name can anyone trade a mkt like this. It moves up and down faster than the blink of an eye. I will wait until the bottom has been put in and Dr. Boris's buy signal. Waldo.

John said...

Waldo,,
It is hectic for us old guys,isn't it? Did you dry out yet? Interstate 80/94 is still closed in Indiana

old john

boris said...

Dear Waldo,
Was not you that you brought us the wonderful info about 80% of trades being done via computers?

Whell My Dear Waldo it is still the same and if we do not all learn computers, we will not be able to trade any more(:-

Good Trading

boris said...

Dear John,
Yes, all the changes are hard
on the older bodies(:-

GOod Trading

lagscrew said...

Buy GS at 102

John said...

Boris,

But you have to learn to adjust.

old john

Nice to have lagscrew back.

lagscrew said...

buy GS 101

Blaine said...

VIX touching 40. That is a serious level.

All market declines are stopped between 40 and 50. The only exceptions are crashes. Those are wild cards...

gorli said...

hi bori, do you think gold and silver are in a bear market?
gorli

jimww said...

Dear boris It was me that gave you the fact that most tradeing is done by program tradeing, growing every year,could you give a possible time frame for a turn , it seems it starts at 2.17. the great and horriable Jim.

Blaine said...

I think that was it... 10 A.M. Pacific Time. Long DDM @ $51.20.

boris said...

Dear Jim,
Thanks, You did too,
But I believe sometime in the past Waldo mentioned too.

It does not matter we are all friends and yes you did mention that.

We came dam close to my targets. Does the dam close count? I do not know.

What I do is keep buyng what I want to buy.

I am not that smart. But somewhrere On this site I said that 1070=spx and 9999=DOW are very possible targets within next 15 trading days.

Good Trading

Blaine said...

In case I'm wrong, breakeven stops in place... Free trade :)

boris said...

Dear Jim,
Ok, you mean time today 2pm is possible +- 15 minutes

Good Trading

boris said...

Dear GOrli,
I believe in the mini bear market.
Yes.

GOod Trading

boris said...

Dear Blaine, good Trade. Congrats
Good Trading

אנטי-סופיטליסט said...

yes John very hard on the old heart. We got more wind than rain here so not much drying out. today is the first day my power hasn't went off. waldo

Blaine said...

Boris,
I learned strategy from you. I learned patience from Old John. Without this board I would be a much worse trader.

Thanks for all you do.

Blaine

אנטי-סופיטליסט said...

mark lytle has an interesting breath chart on his site. Doesn't match the rally of today so far. waldo

JW said...

Does anyone have an opinion on the UK short selling ban? thanks Jay

boris said...

Dear Blaine,
Credit goes to you.
We can only help and encourage and give pointers.

You are the only one responsible how you use it.

GOod Trading, good staff

lagscrew said...

http://biz.yahoo.com/ap/080918/banking_turmoil.html

Lots of ugly ducklings walking around.
I guess when your family tree doesnt branch its like when the father walks the kid to school and they are both in the same grade--(old redneck joke)

lagscrew said...

this will produce a bad offspring

Blaine said...

I think they just rang the bell today on a bottom. How long will it last?

Vishal said...

Bazooka Paulson is at it again! "U.S. Treasury and Federal Reserve
officials are considering a permanent plan to address the
financial crisis"

אנטי-סופיטליסט said...

who opened up the gate and let the bulls out. waldo

Blaine said...

Panic Buying = High volume buying brought about by sharp price increases.

Vishal said...

Link to BS proposition :

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2eqIIK6ev3U&refer=home

lagscrew said...

sold 1/2 GS 114.7 vs 102 buy

Blaine said...

Good trading, Lag. Way to hang in there when GS dropped to $86.

Also, selling your SKF wasn't so bad at $134 vs. current spot $114. I sold my SKF at $140 yesterday and was feeling upset I missed the $150's. Not anymore :)

boris said...

Dear Vishal, thanks for the info
GOod Trading My Dear Friend

lagscrew said...

buy SRS 78.61

lagscrew said...

Blaine ---scared the hell out of me and almost bought more but couldnt pull the trigger

Vishal said...

THANK YOU Boris for all your valuable insights