Friday, October 24, 2008

attraction points(Apoints)


MDS have all flipped to SELL, as they were close to it in previous times. And the rally yesterday was all lit took to turn them into SELL. Sorry, could get data in time early today and had to redo nightly calcs. FOr ThOSE new to us. This could actually mean that rally will come today as the sell is not always an immediate sell. Be careful how you interpret this signal.



849 845 840 833 spx
863 866 871 878

28.19 27.90 27.41 26.85 qqqq
29.42 29.71 30.18 30.76

91.753 91.413 90.860 90.175 jpy
93.187 93.527 94.078 94.765

837.47 829.22 815.80 799.19 es
872.28 880.53 893.90 910.56

Market in a rally at this time, but be careful, unless this rally breaks YEN down to this moves lows, we will go down in markets timeframe 12:30 et +-30 minutes.
15:50 ET, INVESTORs Please, TOSS IN Another 2% into the market. That makes it back upt to 40%
Good Trading

54 comments:

John said...

Boris,

thanx-

old john

boris said...

Dear John,
Thanks
Good Trading

Wanderer said...

Dear Boris,
Good morning.
thank you.
Good trading.

Bert

boris said...

Dear Bert,
Thanks
And Good Trading

boris said...

Dear Readers, we may have completed an ABCED decline and are going for a 5th wave down up on YEN inot 12:30 ET?

If that is wrong let YEN make another low pronto.

Good Trading

Vishal said...

Dear Boris, I dont understand, could you please rephrase that as far as stock casino is concerned ? :D

boris said...

I meant, Dear Vishal,
ABCDE rally may have completed,
Do not have to explain ELLIOT at this time.

Just take it as such and wave 5 maybe coming.

We will discuss it later.

Good Trading

Vishal said...

I understand a bit of EW Theory. So you see YEN continue to appreciate here ?

boris said...

Dear Vishal, unless Yen makes new move lows, it is going up into 12:30 ET,

GOod Trading

Vin said...

Thanks, Boris. APs are like fly traps when the market is panicky like this.

boris said...

Dear VIn,
Marvel and Play(:-

THanks My Dear Friend.

Watch out, the dive tinto Midday could be a camekazi dive
Just in case remember 777 this is not a hard number

Good Trading

ARAK said...

Boris,

Is wave 5 down or up?

boris said...

Dear Subscribers, also lookup the thirds on INDU, YM, SPX , ES , SKF, try to memorize them. It could come handy, when/if the THIRDS are hit today.
SPX looks like 754?
GOD HELP US!
SKF third is at 211,
AM I CRAZY! that is where JULY 16 low was cought by us. SKF 211. GOD never stops amazing me!

GOod Trdaing

boris said...

Dear Arak,
If JPY goes up then MARKET ( SPX) goes down.

GOod Trading

boris said...

Dear Subscriber,
DO not look only down
Look up too

This market could suprise and rocket up unexpectedly

Good Trading

ARAK said...

Boris,
When you mean JPY goes up, do you mean JPY appreciates against the dollar or depreciates? less ten to the dollar or more yen to the dollar?

Vin said...

ISEE index is showing overweight buying of calls for such a dismal day across all types (equities & index/etf). It makes me go hmm.

KB said...

Boris...I noticed all Major indices and sectors (except COMPQ) have made their monthly H&S top downside target measurements, and then some. The holdout prior to this AM was NDX which made its target of 1150 at the open.

My question to you....as it relates to time. What is your experience for wave 2 time as it relates to wave 1. For example, if impulsive wave 1 is 7 bars....wave 2 should be between XXX and XXXX bars ?

Thanks for your excellent website.

boris said...

Dear Arak,
When YEN goes up in value ( not quote) the SPX goes down.

Good Trading

boris said...

Dear Kb,
Just take 40 50 and 60 %
so, for 7 it would be 2.8, 3.5 and 4.2

Good Trading bars(:-

Love you man

Vishal said...

Arak, allow me to interpret. The Yen should have gone down against the dollar by now. The fact that it did not, means its going higher against the dollar, thats why Boris is calling for 754-777 on the SPX

boris said...

Dear Vishal,
Unless YEN turns and makes new move low for last 6 hours

Right?
Good Trading

Vishal said...

Dear Boris, correct, I now understand what you are saying

Vishal said...

USD/JPY at 93.56 Is that considered a a new low ?

boris said...

Dear Vishal
Yen has just made a new move low, but it is still within the context ABCDE, sort of.

We need to make real forcefull move lower, that breaks the ABCDE image

Good Trading

boris said...

Dear Reader,
YEN seems to be breakable in here as it has retraced almost 3.5 points already.

If it manages to close losing today that would be something.

Perhaps difficult to imagine, but possible, just monitor the moves. It seems to be following the bearish pattern so far.

Stock market hard to impress yet though

The fact that we avoided the 12:30 debacle is positive in my mind

Good Trading

boris said...

The best timing call I have now,
calls for a rally into 15:00 in the stock market

Good Trading

Vin said...

Hi, Boris.

Do you mean to watch for a rally (reversal) between now and 15:00?

boris said...

Dear Vin
I said Rally into 15 and perhaps further.

That is all

GOod Tradiang Dear vin

Vin said...

Oh, ok. Thanks, Boris. Will watch...

ARAK said...

Boris

Did you mean yen is unbreakable today and therefore you are calling for a rally into 3pm EST?

boris said...

Stock Market,
starting to believe?

boris said...

Dear Arak,
pLEASE PAY ATTENTION.
Please(:-

It is the stoack market that I think will rally and JPY will decline into 15:00Pm

Please, I must concentrate for all of us.

Yen down stock market up and oppositie is true as well

Please.

Good Trading

boris said...

I know Arak is new.

Please somebody out there,
Help me with these questions.

Just jump in and explain if I have not responded quickly

Thanks.

Arak it is not your fault

I takes time, which we do not have at this juncture.

Good Trading

D said...

Arak

he's saying,

approaching 1500est that:

usd/jpy +
equities +

boris said...

If USD/YEN drops below 94
The 15:00 idea is wrong

Good Trading

Dear D, thanks

John said...

Arak,

He is saying when the yen goes down numerically - from 95to94 the stocks will usually decline. The trick is that when yen goes from 95 to 94 it is actually going up.

old john

ARAK said...

Guys,

I get the idea. I got confused because Boris said yen was breakable when he really meant unbreakable. The drop in the yen around 4:40 am est followed ES and not the other way around.


Anyways, I've been short on the ES since 902 and expecting to see 825 sometime and close around 865 perhaps. I'll trade that thesis until I see something else happen in the market.

boris said...

Unless we drop again below 94 rally
is alive

boris said...

todays high 94.70 looks like a giant ABC, if it is not broken on the yen quote ( YEN going down), we may have a giang wave 5 down Monday.

Would not look good.
Need Yen to keep goig down here

Good Trading

Blaine said...

Boris,

Wave 5 down would not surprise me. Monday's in late October are very scary dates historically... 10/27/08 is the last Monday in October and could be memorable?

Good trading

boris said...

Rally Is Alive folks,
Let us see where it leeds
Good Trading,

Market is using every trick in Jordans book to keep us confused, but rally is still alive

Good Trading

boris said...

JPY stopped exactly between 50% FIBO retrace 94.60 and Fifth IHAP at 94.75.

Not much time left will it break this range?

Time window is closing soon
Good Trading

KB said...

Boris...in your opinion, what BIG PICTURE would happen should the US cut rates to near 0% ?

KB said...

I knwo it means the US is desperate and suggests the only way out of the hole is re-inflations....but what are implications to dollar/yen trade affects on US markets etc.

John said...

AS you can see it just failed- another attempt

old john

boris said...

At this time it looks like missed opportunity at 15pm. It just did not have enough push there.
Nevertheless perhaps. It does not look as bad for Monadya as it initially did. IF JPY has put in 5 waves up today then there is hope for this correction to contninue Monday. I must research this better over the weekend.

Market had all chances to break down today, but it did not.
Good Trading

KB said...

Hello John..

This panic is unprecedented (VIX near 100) and likely represents a buying opportunity of your or my lifetime. Its a hellhole now for sure.

John said...

Boris,

thanx

old john

אנטי-סופיטליסט said...

Dear Boris,

The 15 min chart of USD/JPY looks like a bearish rising wedge. Monday could be down.

Ralph

John said...

KB,

My lifetime probably has a shorter span than yours. I have to be careful. I do think that the market has had at least 2 opportunities to fall apart. It has not. Monday should enlighten more factors.
The one thing I am concerned about is this buy the dip mentality of today. Everyone is looking for the bottom. What if the next dip is a crater. ? I would rather be a little late than too early.
old john

boris said...

Dear Ralph,
This wedge, may/will correct, but it does not have to break down

Good Trading

John said...

Boris,

34% in , mostly at the close- sdy and dvy

thanx

old john

boris said...

Dear John,
Dear Kb
Dear ALl,
THanks,

Let s answer some of the questions this weekend

Good Trading