Tuesday, September 02, 2008

Nobody Forget The Stops

Remember No market is ever safe without stops, Real Or Mental.

Answer To Dear Ivan's Comment. Because this qustion is important, here is copy of it.
Dear Ivan,I did not, REPEAT did not state stocks will go down into March/May 2009.
What I did say is that there is A bottom expected around the beginning of 2009 by YBR. Which does not, DOES NOT, mean THE bottom, just A bottom perhaps. It could be The bottom too, but does not have to be.
In , short, I have allowed and still allow that July has been the low in the market, with a likelihoods of 40%. Which means I feel that that low, at least in DOW will be broken sometime next 6 months ( SEPTEMBER is very likely). At this point our criteria for the BULL and BEAR market are very clearly articulated. SPX Break above 1333 will set us into BULL market and break of 1234 will send us into BEAR market.
Dear Ivan Appreciate your questions. Good Trading

7 comments:

Greenie said...

What's a stop?

boris said...

Dear Greenie,
Stop Loss. Sorry!

I meant Stop Losses to be always ready in any market.

GOod Trading Dear Greenie

curaki said...

Dear Boris,
you wrote in the last topic:
'So, as Dollar is getting suprestrong it is impossible to steal it, everybody wants to save it not spend it.'

My question: strong dollar is/will be short-lived context for stocks? Why will the stocks go down till March/May 2009?
Thanks, Ivan

boris said...

Dear Ivan,
I did not, REPEAT did not state stocks will go down into March/May 2009.

What I did say is that there is A bottom expected around the begining of 2009 by YBR. Which does not, DOES NOT, mean THE bottom, just A bottom perhaps. It could be The bottom too, but does not have to be.

In , short, I have allowed and still allow that July has been the low in the market, with a likelyhood of 40%. Which means I feel that that low, at least in DOW will be broken sometime next 6 months ( SEPTEMBER is very likely). At this point our criteria for the BULL and BEAR market are very clearly articulated. Break above 1333 will set us into BULL market and break of 1234 will send us into BEAR market.

Dear Ivan Appreciate your questions. GOod Trading

אנטי-סופיטליסט said...

Dear Boris,

US $ is very strong right now. Do you expect it to keep going or is it simply a bear market rally which should reverse sometime in near future?

Thanks

James

boris said...

Dear James,
Dollar prediction has been stated many times.

As I said it will top around mid to late sept and it may continue into March/May 2009 with lesser vigor.

Nothing to add to that at this time.

Thanks And Good Trading to you
Dear James

curaki said...

Dear Boris,
many thanks. It's clear now.
Regards, Ivan