Thursday, September 18, 2008

BIGPICTURE(s)







40 comments:

JW said...

Dear Boris,

Thanks so much for your call on Gold. The drumbeat to buy buy buy was so strong it was incredible. One "analyst" said we could of even seen $1000.00 today! I said no way, ridiculous, I have Boris on my side! Thank you

John said...

All

Cubs win

old john

John said...

I was wondering if everyone thinks this is "The" low? I think so but the YBR has been so accurate??

old john

diesel said...

Hi guys,

I think we have seen the low and have positioned myself accordingly. 30% short long term treasury's and 60% long stocks. Will probably add to my holdings over next few days as well.

Regards,

Damien

D said...

1133 will probably be the low but a retest of that area wouldn't be a surprise. we just squeezed out every short with this 100 point rally on the ES today...

Vishal said...

Do you guys see a further drop in the Yen ?

Im a newbie at currency movements.....a chicken and egg question.....does a market rally imply drop in yen, or is it vice versa ?

Thanks

diesel said...

I doubt we will see a retest soon. Nice long candlestick tail combined with positive momentum divergence should make this at least a medium turn bottom. Also todays decline to new lows wasn't confirmed by treasury's. Bond market can tell you a lot if you pay attention.

Vishal said...

SEC Halts Short Selling of Financial Stocks to Protect Investors and Markets until Oct 2nd (can be extended), 799 stocks on the list.

Linky Dinky Doo
http://sec.gov/news/press/2008/2008-211.htm

diesel said...

Nice. the shorts are about to be sopitalised...

diesel said...

Boris, would love to know where the APs are for ANF if you get time... More than 50% chance of new lows after the bounce ay. Ouch..

Regards,

Damien

Wanderer said...

Dear Boris,
Stocks up.
Yen down.
Bonds down.
If only i could remember where I read that forecast:)!!!
Great work.
Thanks a lot.

Bert

Oh! And Cubs win!

boris said...

Dear Bert,
Having Memory Problems
Is not your Private Privilige
There are Many SENIORS here(:-
I know this is a bad Joke
I will try better one once I had a good nights sleep
Good Trading

boris said...

Dear Damien,
ANF has a powerful support around 42.50 that overshot, but is now above it. Just below that is another support zone 35-38 including 62% FIBO and APs.
If these were not hold then one is looking at 28 area and next... never mind.
Around 50 Was a very initial support that was broken down hard.
The stock is now at 44.xx

at expected PEG of 0.65 for five years , either somebody does not "expect" too well or it is FRIKIN bargain. That I can not tell you as that is as far as I ever go into funimentals(:-

GOod Trading

Wanderer said...

Dear Boris,
Yes. Rest is a good idea.
The markets look to stay volatile for a while.
Many opportunities yet to come:)
Good trading.

Bert

boris said...

Dear Jw.
Always here to be helpful.
I would not for any price shout these things over the Internet, but I am a wild man and instinctivly start shouting when I see fleecing is attempted.

GOLD BUGS have made an IN F Credible effort to get you into GOLD.

Well so did we, but we did not shout. We just gave you the roadmap and left the choice to you

Good Trading

boris said...

Dear John,
Go CUBS
Good Trading

boris said...

Dear D,
I am for retest too.

GOod Trading

boris said...

Dear Vishal,
YOu have read all my staff on YEN, right?

I do not have anything to add and would like for YEN to speak for itself (:- now!

Love you Dear Vishal.

Good Trading

curaki said...

Hi Boris/All,
congratulations for great calls!

Because the title of the post is BIGPICTURE, I would ask Boris: what could be the value (range, up in relation to today's value, down,...) of SPX next year in this time (September 2009)? This could help me to have a better big pisture :-)
Thanks, Ivan

John said...

Boris,

Many of us "seniors" have senior moments. Thanx for the graphs - as I watched the futures, I could believe that this would hold. Too many people shorting, " They" to kill them.

Good News_ Wife and I are going to last regular season Cubs game Sunday. Should have clinched playoffs by then.

old john

John said...

Boris and all.

I had a senior moment in last post. It should have read" I could not" believe it would hold especially considering YBR.

old john

sharon said...

Dear Boris

Are we still expecting October low, or we are fooled to believe this crises is over for a while?

appriciate your insight

Sharon

sharon said...

-

boris said...

Dear JOhn,
Love your SENIOR moments(:-

GO CUBS; GO CUBS!

Good Trading

diesel said...

I think the consensus is that the crisis is over for a few days...

If I remember correctly Boris's long term projection is not a deflationary collapse but a muddle through for the next year or two then an inflationary depression into 2010-2012. May have changed as that was a few years ago.

boris said...

Dear Ivan,
Thanks you Brother.
Love you too.
Inspiration form all of you is what drives my creative JUICES(:-

Next Year this time ha?

SPX = 1414;SPX = 1414;SPX = 1414!

Do you like that Dear Ivan?

You make me think and that is hard as I am half asleep, but this woke me up

GOod trading

boris said...

Dear Sharon,
As we said in the CLASSIC pressure chart comments. We expect a retest with better tna 50% probability and even a break

Good Trading Dear Sharon
Love you My Dear Friend

sharon said...

Dear Boris - you are an island of common sense and knowledge in an ocean of manipulation and panic.

love you dear friend.

boris said...

Dear Sharon,
By the time you have seen as many panics as I have you will start thinking in terms of probabilities too.

I just a bit of an advantage as a QUANTUM phyiscist, I had to think interms of GOD DOES THROW THE DICE

Thanks you for our kind words.

GOod Trading

diesel said...

"GOD THROWS THE DICE"

Einstein wasn't a fan of that idea!

Its interesting that most people prefer the certainty of classical physics i.e. they ask for a future price projection. Whereas in quantum physics the value should be given in terms of a probability distribution. So I ask how can you be sure of 1414? What probability do you ascribe to that value?

diesel said...

BTW, many thanks for the ANF update.

Regards,

Damien

boris said...

Dear Damien,
I ascribe that number the probability of ZEROOOOOOOO , with as many zeros at tha end as possible(:-

I really do not know, just a wild guess. Based on patterns though. If what I am watching is a good projection than I should be within +-5% from there

Good Trading and an execllent question Dear Damien

boris said...

Dear Damien that is what we are for here.
AFN,

My daughters love browsing this outfit.

Good Trading

sharon said...

Dear boris,based on MDS status and the futres, openning should be a great entry point to short the Q.

boris said...

We shall see Dear Sharon,
MDS Can be early

But a nimble trader can do anything

GOod Trading

D said...

With no offer we should open at 1414 today...

Thieves on parade!

diesel said...

ROFL.

Already cruised past 1st daily high AP and onto the second now. Amazing! Wouldn't want to be a bear overnight. All those put holders just got taken to the cleaners.

diesel said...

The crooks have banned short sales on financial s.

diesel said...

Hi Boris,

How come the spx and es daily APs are so different?

Regards,

Damien

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