Wednesday, November 19, 2008

Attraction Points(Apoints) COMING UP

08:44 ET, Dear Arak, answer to your question about Dollar Index has been placed on Psite. Good Tradng


843 835 822 806 spx
877 885 898 914


28.092 27.882 27.540 27.117 qqqq
28.978 29.188 29.529 29.952

840.26 831.26 816.63 798.50 es
878.24 887.24 901.82 920.00

748.04 742.29 732.94 721.36 xau
766.56 772.31 781.62 793.24


96.646 96.476 96.200 95.858 jpy
97.364 97.534 97.809 98.152

79 comments:

John said...

Boris,

Good morning

old john

John said...

Boris,

Good morning

old john

אנטי-סופיטליסט said...

Hello Boris and all, look at currencies, EURO/JPY straight up from triangle.
Cheers,
Tina

אנטי-סופיטליסט said...

ATTENTION ALL GUNSLINGERS
(and you know who you are)
There is a new sherif in town,
Triple ultra etf's.
symbols as follows:

BGU - Large cap bullish 3X
BGZ - Large cap bearish 3X
FAS - Financial bullish 3X
FAZ - Financial bearish 3X
Investigate before investing.
Haven't caught every post so hope
its not a repeat.
Good trading to all.
Klaatu

boris said...

Dear John,
Good Morning
Good Trading


Dear Tina,
Yes, see that

GOod Trading

Dear Klaatu,
Thanks for updating me personally
and our readers
Good Trading

boris said...

Market has already shown saw fashion. So, please realise, timing could be difficult as in a saw there are too many ups and downs to figure out which one is the major one.

Take that in your trading ( long term or short term) account
Good Trading

boris said...

Dear Readers, one thing that seems clear, is that Dollar is coming under attack, could be the beginning of something and that could mean easier time for stock market as Dollar relents.

Good Trading

jimww said...

From the immortal words of Rodney King " can't we all just get along" now if all the bloody bulls would think rosey happy thoughts the dow will go green ...ready begin universe start now. Jim

jimww said...

Oh well....I guess Atlas just Shruged...sigh

boris said...

So, far the script is not really working, as planned, but there is a chacne for semblence of it to come along.

We shall see.
Good Trading

boris said...

Ok, between my time and actual time there is 30 minutes or so. That may still be within the margin of error.
So, we can not yet abandon the script

Good Trading

Vishal said...

Dear Boris, where is this "script" u speak of :D ? Is it on Psite or email ?

אנטי-סופיטליסט said...

Who is John Galt and why is he saying such bad things about the sopitalists.

Well he just called and told me to
buy gold,silver,Euro and Loonie and
Spx
Good trading,
klaatu

boris said...

Script is market outlook ,
Dear Vishal.

Good Trading

boris said...

Dear Klaatu
That is a big shppoing list(:-

Good Trading

boris said...

Dear Vishal
Psite has the market outlook
The script

Good Trading

Vin said...

Wow. It looks like I missed some excitement this morning!

Boris, psite did not save today's market outlook. I think that is what Vishal is alluding to. :P

Vishal said...

Yes Boris, I cannot find your script anywhere. I searched high and I searched low :D

Hence my Q : "WHERE" is the script ? lol

boris said...

Ok, what is going on at this time is pretty much , not with the script and is a new situation that needs to be analysed as it is.

Watch The Aps, turn is still possible, but the script is not really clear.

Good Trading

jimww said...

John Galt said the the last hope was crushed when the government will not sign bail out bill during option exp week so sorry suckers.

boris said...

This formation at 12:36 has a bullish promise, risk is the low of the day

Good Trading

Vishal said...

Thank you for the updates Boris, cheers

boris said...

My very tight stop on sso is 23.21, which -5 if hit.
I am trailing

Good Trading

boris said...

Raising the stop to
23.26 Breakeven

Good Trading

boris said...

Sold +23, will buy on stop 23.57

boris said...

bought back 34.
removed stop to buy

boris said...

long from 34, stop 28

Vishal said...

Boris BKX below the AP u spoke of. Whats the next AP ? 34 ?

cheers

boris said...

stop at 44 , stil long
would make it +10 if stopped

boris said...

Dear Vishal,
Yes, possible,
Unfortunately
Good Trading

boris said...

sold 74 , buy stop 76

boris said...

bought 58,
stop loss 44, removoed 75 buy

boris said...

stop raised to 57

boris said...

out, will buy 77

boris said...

buy 42, stop 24 remove 77

boris said...

stop 37 raised

boris said...

out -4

jimww said...

Only three dow stocks to go then all red. The people who run america are deadly dumb, I am begining to see a mad max USA this melting pot will fracture if we donot find some good people to put this country back together. Man o Man this is tuff. and no I donot want any hand holding just ranting what one little peep sees in the great southwest of America.

boris said...

14:00 +- 20min
is turn zone possibly

John said...

Boris

thanx

old john

boris said...

potential long
rik is todays low on sso

boris said...

keep long,
mine 23.05. stop 23.05

Vin said...

No volume on this upswing. Buyers have to step in soon for sustained move...

boris said...

keep long,
my stop back at 23.05

boris said...

stop raised 23.12

boris said...

Dear Vin, Thanks
Good Trading

jimww said...

Go get them shortties Boris It is heart warming to see anybody go long.Buy when their is blood in the streets even if it is your blood.

boris said...

Dear Jim,
Short long,
no difference

Still , in
My stop is mental, now at 07

boris said...

out +0

boris said...

back in from 22.99
stop 22.96

boris said...

stop 22.01 raised

boris said...

stop 22.05 raised

boris said...

sorry 23.05

boris said...

keep long
stop 23.09

boris said...

out +10

boris said...

jump back
22.02

boris said...

stop 22.99

boris said...

out -2 , tiring suckers
Good Trading(:-

boris said...

Ok, we are in no mans land at this time, we passed a good turn zone, I would suggest that , there is still room for them to run this market up.
Need to wait and see if we can catch a setup

GOod Trading

boris said...

I am out,
Now you see why I do not like trading. It is often hard work.
Especially where your "script" does not seem to work.

I got few cents. That is why I like to average into market and be semi investor.

Good Trading

boris said...

You see now market is taking off again and that is nice all my stocks are going up(:-

Good Trading

boris said...

If we do not get the traction here
and tomorrow, is a bad day then we could expect pretty bad end of this month. So, let us hope that we are not going to get bad day today and follow up tomorrow

Good Trading

boris said...

I hope, also, that those that have never seen me trade( I used to do lot of live trading in the past), see how I trade. This is my style. I risk few cents at a time, almost never 10cents. You see, I do not like the risk. That is why I trade the way I do.

If/when I lose, it will be something I can forget in New York Minute(:-

Good Trading

boris said...

Ok, a word about our outlook.
It often works and the reason it does is that we get the coopeation from currency world.

When the currency world works against us, then our forecasts just get either badly distorted and/or totally bypassed.

That is the kind of a day we have today, we got nice cooperation till 11:00 ET, but after that it has been nothing but a "negation"
By currency world.

Good Trading

boris said...

Please remember the day is totally over and possibility still exists for a turn around ( of some kind into closing). Do not lose the concentration

Good Trading

John said...

Boris,

Think we are headed for that number, no traction at all

old john

boris said...

Dear John, That is entirely possible, that this will be a griding low, all the way into YBR dates.

Can you imagine how ugly that process will be. like the days today for next few weeks.

I do not like that!

Good Trading

John said...

Boris,

No choice but to live with it . My dvy and sdy are down but not too much. Sit back and watch the pain.

old john

Vin said...

I finally had time to look over the comments more closely. Boris, you are one aggressive trader. It makes me wonder about young Boris. :)

This might be an artifact of my data feed, but it feels as if something is funny about the volume today. It is rather close to average for a day that declined almost immediately and closed on a yearly low.

John, you're probably right about that number, but it feels like we're running out of sellers. The other day, Bloomberg had an article citing a 650-700 SPX target in the near future. This is beginning to smell like a trap.

אנטי-סופיטליסט said...

Hello Dear Boris...

Good evening everybody...

Thank you for your kind note today Boris...

BTW, am I missing something on the YBR? Can't seem to locate the chart...

And Boris, it appears that the Baskerville hounds are a howling in kiwiland, down under and in Canada :-)

xerxes

John said...

Vin,

Shorts will overstay their welcome just as longs did. Human nature. When does it happen? YBR- also there is a bradley turn date - I think I read 9 Dec. which is a long way off.

old john

אנטי-סופיטליסט said...

Hello Dear Boris....

Franc came within a c--t hair of 4th HDAP....

Same with the single currency from its 3rd low...

hounds, they are a howling in the commodity currencies....

now the king commodity must decide its fate....and with a rectangle on the daily and sym triangle on the weekly probably representing continuation patterns, how low could it go??? SeeFuture suggests a lot lower....

xerxes

Vin said...

John,

True true. The reversal will occur suddenly, like with oil, and probably overnight to catch people off-guard. YBR turn dates are approximate, so I remain hopeful that we are still in the window for the mid-month one despite the day's action.

The market is just too sick. Grinding below "that number" would be frightening for everyone in the States.

John said...

Vin,
Everyone is looking for a V recovery. What if the eventual bottom is reached and the recovery is exactly like the fall- slow and tedious , like water torture? I am personally looking for that.

old john

Vin said...

John,

To be honest I never expected us to reach the bottom this year, in a 3 month period, which is why I keep grasping for a V-shaped violent bear rally at some point.

Perhaps this time is different. We have technology now that spreads information more quickly than ever before, and so Mr. Market can be super-efficient.

It also just occurred to me that we may have already witnessed the bear market rallies earlier in the year, making the current action part of the capitulation stage.

My picture of the eventual bottom is, however, similar to yours: a boring low-volume grind for an unbearable length of time.

Hopper said...

Hi Boris,
Purchased some XIU.TO just before close

boris said...

Dear Xerxes,
Yes, the king of commodities
is a slave to the SEEFUTURE

Good Trading

boris said...

Dear John,
Dear Vin,

That is why I refer this market as "not your fathers market"

One better be prepared for the drawn/dragged/ground down market, because if we get that the only saver will be DIVIDENDS.

DIvidends will do well in a spike to. So thank you(:-

Good Trading

boris said...

Dear Hopper,
Congrats.

Good Trading