Wednesday, November 12, 2008

Thanks For Being With US

04:42 ET, 11/12/2008, Unfortunately the PCratio is still heading higher and that is not a good sign, but again for the bulls the hope is that it is too far up and could turn down any day ( hopefully soon ) down.


Ok, today is a first day in about 15 that our forecast did not work pretty much the way market went. We had the lows around 11:00 ET as forecast , but the events after that, especially lows after 1:30, which was supposed last low today, was a hint that we are going to get our outline wrong for the end of the day. Another hint was that we did not get the Attraction Points when we needed for things like ES, BKX, USO etc. and we need to see those to consider bottom in place , being high probability. We are also a bit before our dates for actual low of November. So, we had many reasons to suspect this drop was not exhaustive. Well, Good Trading

7 comments:

Vin said...

Thanks, Boris. This just wants to keep everyone guessing. The volume of the decline puzzles me. It looks like buyers, if there are any, are waiting until the very last moment...

John said...

Vin,,
NO volume with almost an unbelievable orderly decline. I do not know how exhaustion will set in if we keep stair stepping down.

old john

John said...

Boris


good morning

old john

boris said...

Dear John,
Good Morning
Good Trading

goblin said...

Still, made some money for coffee and may be for espresso machine. Thank you , Boris

boris said...

Have Market Oulook for today on Psite

boris said...

Dear Goblin
ENjoy
Good Trading