Wednesday, October 29, 2008

Thanks For Being With Us


I hate to be right again, Looks like the market did everything exactly like we said it would do this morning before it ever opened. I would not want to give this market anything and think that it is time to collect the profits and go home. There is a chance to hit the third at 975 on ES, but only tightest stop should be used to see if we get there.

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17 comments:

John said...

Boris,

thanx for everything

old john

lagscrew said...

went short with sds

boris said...

Dear John,
ENjoy

GOod Trading

boris said...

Dear Lag
GOod Luck
Good Tradnig

Aboot-Bull said...

Dear Boris,

This is it? that's the whole move ?
I thought we're talking big one here..???..????

John said...

Lagscrew,

Nice play

old joh

daveo said...

Lag, good grief, what a play. Daveo

Vin said...

What frightened buyers today... Thanks for the heads up, Boris.

The pressure graphs should be interesting, as the sell off today seems to differ from those of Friday and Monday. It looks like the high-volume buying at 4:00 neutralized much of the buy/sell volume starting at the left leg of the "M" at 15:10.

Vin said...

^^^^ - Looking purely at ES.

Aboot-Bull said...

Vin,

I don't think something specifically scared them. shorts got squeezed after Fed's decision didn't cause the panic they'd thought it would, than after they covered up to around 965, prices came back.....

Vin said...

Yeah, I think that you're right. The falling volume was light, so there was probably a lack of true buyers these past two days more than anything else. Still, the buying at 4:00 is telling: no one is ready to commit yet.

boris said...

Dear Vin,
Dear Aboot-Bull,
Dear Dave,
Dear Lag,
Dear John

DO not really have much to add.
Analysis you people gave here, looks good to me.

Let us see what the days without buy pressure bring. That is when the buyers should come in. If that is the case then, we may have somehing going.

Everybody loves the marked down merchandise, but do they go to the stores, when the sales ended?

Good Trading

John said...

Boris,

Good morning. With the futures up the sale prices will be gone, so we shall see.

old john

boris said...

Dear John,
Good Morning to you My Dear Friend

Yes, indeed for now, the sale prices are at least 15% below from here.

I hope for our own sake, we get the chance to buy more on sale!

Good Trading

John said...

Boris,

I am looking forward to another sale, YBR stated we would get another chance. I guess I will have to be patient.

old john

sumsum said...

Hi boris, good calls:) well u did it again!
what do you think about the Dollar/shekel ratio till the election? should i seel the dollrs, and call (380dec) options?

boris said...

Dear SumSum
I would love to, but we do not really give live advice like this one. Especially in the volatile market like SHEKEL/DOLLAR.

We do have the "SHEKELS ON DOLLAR" curve( prediction) into 2009 , which seems to have done well so, far.

The options till election ( NOVEMEBR RIGHT?) a bit of hard and not something I can/want to do over the live network.

Thanks Dear SumSum.
Good Luck and thanks for being with us