Wednesday, December 03, 2008

Attraction Points(Apoints) COMING UP

Market Conditions are not great, Bulls should be satisfied if it is a slow sideways day, but chances for a down day are better.


768.61 765.51 760.47 754.23 xau
778.59 781.69 786.71 792.98

825.56 821.56 815.06 807.00 es
842.44 846.44 852.92 861.00

828 825 820 813 $spx
841 845 850 856

26.97 26.77 26.44 26.04 qqqq
27.81 28.01 28.34 28.74

92.525 92.385 92.157 91.875 jpy
93.115 93.255 93.482 93.765

35 comments:

Vin said...

Morning, Boris.

Thanks for the outline. Let's see how little Ms. Market behaves.

John, wow. Just checked the Phoenix weather forecast. High of 72F in Dec?! You're going to have one great post New Years present. I can't say that I won't be a little jealous. :)

John said...

Vin,

I am excited about it. I have been planning this for 15 years, wife is even more excited.

old john

אנטי-סופיטליסט said...

Good morning to all, great news for you john, I didn't know you closed on your house. I have been trying to get strip throat and a horrible cold these last few days and my wife is very sick with it also. Has been very cold and a little snow here in ohio but suppose to be up to 45 today and then very cold again tomoprrow. Hope I can get better before next week because I want to take my grandson, my son, and my brother in law pheasant hunting before he heads back to afganistain. waldo

boris said...

Dear Subscribers, Readers
Vin,Waldo,
JOhn,
Good Morning
Good Trading

John said...

Waldo,

You are sick also? Was at doctors the other day- ear infection, the whole works. Feel better today.

Hope you get well- we are looking for cold and snow starting this afternoon. I just ordered my POD.

old john

lagscrew said...

buy twm

boris said...

Dear REaders,
This market is making very powerful move that by itself , even if it stays half as strong will be able to work off the Last weeks move up only after one powerful day down, but if this was the case, we would not expect shooting up as we would need to generate buys on our systems before we think this is worth chasing up.

Good Trading

Vin said...

Boris,

It looks like JPY is lagging on this latest run-up: being dragged like a stubborn child. ZN and CHF seem to be showing a little more leadership. Hmm... fifth IHAP already!

boris said...

Dear Vin,
True, True, and True.

Forgot a bit(:-

This is also 62 FIBO
of the drop

Good Trading

אנטי-סופיטליסט said...

For some unknown reason they don't want this market to fall today. waldo

Vin said...

For what it's worth, someone, who wouldn't lie about such things, on another site mentioned that pit audio suggests that GS was buying up futures this morning. The funny volume behavior this morning was also a little suspicious: heavy volumes kicked in at 9:48, not at open.

Big money must be having fun again.

boris said...

Dear Vin,
Thanks,
Somebody was buying, of course, and it would not surprise me if it was GS.

Good Trading

D said...

Looks like money is trying to hide in the 6 month bill despite the rally...1/3 month don't have anywhere to go of course.

boris said...

Dear D,
Welcome back
Thanks And GOod Trading

boris said...

Dear Readers,
We got the market stop at about 865 today with the perfect ABC rally against the drop of MOnday and 62%FIB ( EXACT) retracement, as well as sandwiched between the 5th Intr IHAP and SECOND Daily DHAP

Yes, markets can be traded if you know what to look for

Good Trading

אנטי-סופיטליסט said...

yes Boris I shorted within 1 point of the highs and already out with a tidy profit. The only thing bothering me being long or short is that the market is ignoring the yen so maybe distrubtion or accumulation. Hard to guess which. Waldo.

John said...

Waldo.


How is the cold?

old john

boris said...

Dear Waldo,
Id did the same thing
for a small profit.
No patience today(:-

Dear Waldo, you know we need
to get to the BUY signals and I am in no rush to BUY, I stated this already. Worth repeating

Good Trading My Very Dear Friend and stay worm

Good Trading

אנטי-סופיטליסט said...

Rotten John, Thinking of going to the liquor store to get some medicine. LOL, the wine isn't strong enough. I did make some raspberry cordial but that is only 40 proof. waldo

John said...

Waldo,

Mine is a little better now- at least I can hear. It was great yesterday- wife was talking to me and I could not hear.

old john

jimww said...

Dear Boris Every time i type the market goes up, here goes, This is a fundmental qwestion , the naz never came close to the 02 low. the earnings for the S&P should be around 60.00$ if we times that at 13 pe we get 780 , how come the market is not fooling around in the 700's ? Is the dow divindends doing better than expected?

jimww said...

Dear klatu If you are not already takeing CQ10 suppliment get on it immediatly in fact any old guy like me must take it for the HEART , it will heal a damaged heart and help prevent heart attacks.It is great for arrithmia.

אנטי-סופיטליסט said...

Selling to soon again, let a biiiiig profit get away. Where is my patience. waldo.

boris said...

Dear Jim,
I am not smartk enought to either calculate the future earnings of companies or trust others to do so.

SO, I never pay any attention to this staff.

Sorry. People can not measure what they know, how would I EVER BELIEVE THAT THE SAME PEOPLE CAN MEASURE future EARNINGS(:-

iT BETS ME!

gOOD tRADING

אנטי-סופיטליסט said...

Just called her at work and told her to pick up a bottle of whiskey. She just works right around the corner from the liquor store. John there is nothing wrong by not hearing the wives. waldo.

daveo said...

Dear Boris, 835 was like glue yesterday until the late day fireworks. Do you think we may bounce off that mark today ? Looking for an exit off es 854. Thanks, Daveo

John said...

Waldo,

That is exactly what I meant- nice quiet day after I said "What" about 100 time yesterday. Today I can hear

old john

jimww said...

Dear readers I maybe wrong but was dec 4 the low for the month in 1987? just a data point.

daveo said...

Out with 15 points, too much late day nuttiness. It also seems like some our bailout money has made it into some big boy trading desks.

Boris, thank you very much for all you do. Daveo

boris said...

Dear Dave,
Sorry being late to read your messages

COngrats good trade!

Good Trading

boris said...

Dear Jim,
YOu are right.
DEC 4
1987
Good Trading

John said...

Could not believe that rally

old john

boris said...

Dear John,
Sorry, I had to go away for a while.

Yes, but we are still at FIBO 865 area. We had too many bearish people and that is the reason the market rallies like this.

Shorts are running for cover

Good Trading
I am going back to sleep(:-

John said...

Boris,

No need to comment- get back to sleep. In fact, it was just one of my many comments. You are correct though, everyone was ( and I mean was) bearish. I look at sentimentrader.com- a pretty useful everyday guide. Not specific like yours but always something to think about it.
Snowing here.

old john

Vin said...

Whoa. I had to travel and missed out on the last hour of action.

The last 30 minutes are interesting. I'd feel slightly more bullish if it didn't look like someone wanted to get out in a hurry, even overwhelming the crescendo of short-covering in the last few minutes.