Monday, October 20, 2008

attraction points

COMING UP

31.84 31.53 31.03 30.40 QQQQ
33.15 33.46 33.96 34.59


937 930 918 903 $spx
967 975 986 1001


101.307 101.187 100.992 100.750 jpy
101.813 101.933 102.127 102.370

932.26 923.26 908.63 890.50 es
970.24 979.24 993.82 1012.00


783.53 778.58 770.53 760.56 xau
799.47 804.42 812.44 822.44

We have a major Assault on EURO and SWISSY. Psite has a note

30 comments:

אנטי-סופיטליסט said...

Thanks Boris,
Last week I talked a retired friend of mine out of putting some funds in a Bond fund, instead
he bought some SJT.
Natural gas over bonds seems the way to go.
Thanks again for your guidance
Klaatu

lagscrew said...

Klaatu
here something on bonds thats scarey--says it well

http://www.safehaven.com/showarticle.cfm?id=11610&pv=1

xerxes said...

Hello Dear Boris.....

Toilet paper is getting expensive these days :-)

אנטי-סופיטליסט said...

Yes, toilet paper is getting expensive because it is now double-sided instead of single-side as the result of US deficit doubles due to bailout.

James

boris said...

Dear Xerxes,
Lot of people did not understand why Dollar Went up and that is because, the cash starved USA corporations started repatriation of their of shore Dollars beck here as the credit dried up.

As crisis subsides a bit , Dollar will go with it

Good Trading

boris said...

Dear Subscriber,
Note for you on psite, related to all markets.

Good Trading

lagscrew said...

Ted spread down more this am. and at support

lagscrew said...

careful longs as p/c ratio and ISEE is getting to bullish

אנטי-סופיטליסט said...

Thanks Lag-
For the Bond report. It's like Boris said:"27 year bull mkt. in bonds has ended.

Boris-I see that Iceland banking system has collapsed.Shelves are empty. Unless you can get a hold of foreign currency there are no imports.Suppliers from abroad are demanding payment in advance. Food,drugs,oil are in short supply. The 3 biggest banks collapsed under $61 bill. in debts (12x the size of the economy)
Exchange rate 1 month ago was 122
Krona/Euro. Now 340/Euro.
Cost of fruits/veggies have gone up 50% in few months. There is about 5 weeks of food left.
Are there lessons for us to learn for the future???
Shame on the sopitalists for destroying the lives of so many people on this globe.
Klaatu

אנטי-סופיטליסט said...

Dear Boris-
I just discovered that the
ETF silver trust, SLV, has split
10 for 1. Now instead of 10 ounces,
one share buys you one ounce.
I looked up when this occurred.
It was in July, the week after
you called for the anti dollar high.
Did someone say-DISTRIBUTION.
100 shares in July were worth
$18,500. Now 1000 shares are worth
$9700.
Thanks Boris for steering me through this financial jungle.
Good trading,
Klaatu

boris said...

Dear Klaatu,
Thanks for the info.

Lesson for us, I am afraid can not be the same, Inflation Yes, but defualts no.

Remember we issue loans in our currency and we are mostly self sufficient, unless we decide to renew to buy the stinking toyes from asia(sorry asian friends) no offence here. It is just that USA is self sufficient much more ways than any other country.

That we do not stop maddling in others affairs is another subject.

Good Trading Dear Klaatu

boris said...

Looks like our call for a rally staring 14:00 ET +- 30 minutes was right on time.

Good Trading

boris said...

I should have said for a rally to restart.

Good Trading

אנטי-סופיטליסט said...

But is it over now. futures all over the place. waldo.

boris said...

Dear Waldo,
I presume, rally has staying power into tomorrow, at least and perhaps after tomorrow. But can never tell.

We do think there is a retrace coming up to accomodate the picture of SPX asset on our weekend post

Good Trading

lagscrew said...

ISEE is highest and higher reading than the one at end of August (162)only one other high one near 150--today is 160's

lagscrew said...

tomorrow LEH's counter-party $s are due

boris said...

Dear Lag,
Thanks for reporting
Good Luck and
Good Trading

Vin said...

Hi, Boris.

Regardless of what happens tomorrow (whether or not we get follow through), you scare me. ;) (...in a good way!)

~vin

boris said...

Dear Vin,
I do not mean to scare.
That is just what happened to me.

I scare myself all the time.

Of course, I have bad calls like anybody else, but the secret is to use small positions and close stops and let the winners run and losers need to be cut instantly.

For a long time investor it is a bit more complex and more space need to be given to the trade

But, I digress,
THanks I just try my best. I do not know how long it will work, but so far so good

Good Trading

John said...

Boris,

thanx for everything

old john

boris said...

Dear John,
Thanks and to all subscribers.
MDS remain on the same status as they were for last couple weeks.

It is a BUY status.

Good Trading

Vin said...

"I scare myself all the time."

I have much to learn from you before you vanish in May. :-)

Thanks, Boris.

Hopper said...

Vanish in May? Did I miss something?

boris said...

Dear Hopper,
Please do not be scared,
Read the article second on the right hand column.
I do not vanish.

So Vin is figuratively speaking there(:-

GOod Trading

boris said...

Dear John,
Good Trading
ENJOY Brother

Vin said...

Oops! I only remembered a poor interpretation of your older announcement. My mistake! I don't want to scare people in _this_ sort of manner. ;)

אנטי-סופיטליסט said...

Boris,

USD/JPY can not fly even stock rallied big today. Is this something very concerning?


Bob

boris said...

Dear Bob, nevertheless YEN had a constructive day yesterday.
I would watch 100.50 for break up point. If we get there as a trader I would have stopped. If I were short YEN.

Good Trading

sumsum said...

Hi boris, im new here, so i might be slow to figure out things,heard alot about you..
a varification is due here regarding the Yen-$ if it breaks 100.5 up, a BUY sign should do? or i just mixed everything as i normaly do:)