Tuesday, December 09, 2008

attraction points(Apoints)

888 882 873 862 spx
911 916 925 936

29.41 29.20 28.86 28.44 qqqq
30.30 30.51 30.85 31.27

92.233 92.123 91.944 91.723 jpy
92.697 92.807 92.985 93.208

885.69 879.44 869.28 856.69 es
912.06 918.31 928.44 941.06

767.29 763.59 757.58 750.13 xau
779.21 782.91 788.90 796.38

Just like yesterday I suggest a cuation here. In fact some of you may want to sell/protect 5-10% here and purchase back if SPX makes new daily high today. Above Mornings Open. Not much risk. Forget this sentense please, just reastablish the hedge point at 891.90 for ES MINI

60 comments:

אנטי-סופיטליסט said...

Good morning everyone, looks like a drunken sailor at the wheel today. up-down-up-down. waldo

boris said...

Dear Waldo,
This market is now driven by short squeezzzzzzzzzzzzzzzzzzzzzeee!

Good Trading

John said...

Boris,

But happens when there is nothing left to squeeze. ??

old john

lagscrew said...

Transportation AVG having a bad day--usually a leader

boris said...

Dear Lag,
YOu are right.
On both counts!(:-

Good Trading

boris said...

Dear John,
Who knows, there are always shorts( new/old ) in the market

Good Trading

lagscrew said...

ISEE finally up there where I need it and see cpci buying puts now---hope they arnt screwing with #

Vin said...

Morning Boris, all.

John, don't forget the buyers at the bottom who want to get out. :) DRYS ought to be an interesting case study in the near term.

John said...

All,,
thanx

old john

they just arrested my soon to be former governor. great

Vin said...

lagscrew,

The early action in some of the former momentum stocks (AAPL, GOOG, POT, etc.) is also matching your observation about ISEE equity and CPCE.

lagscrew said...

its coming together

boris said...

Dear Vin,
Dear Lag,
Dear John,

Yes, all interesting reporting

Good Trading All

Dear FRiends

אנטי-סופיטליסט said...

Tried to trade a little today, made coffee money, the only thing that bothers me about shorting here is demand for stocks are in control, bullish percentage in stocks took a big jump yesterday, matter of fact they jumped above the pnf resistance line, of course everything follows price. that's my 2 cents worth for today. waldo.

boris said...

Dear Waldo,
Thanks for an update on that
The bullish percentage

Good Trading

אנטי-סופיטליסט said...

I covered my shorts for coffee money, that's what made the market just tank right now. could have been eating steak tonight. ha ha. waldo

lagscrew said...

last couple days are making a sort of diamond formation--rare and bearish

lagscrew said...

Boris

does $/yen or $ have the most driving force

boris said...

Dear Lag, your question is very , very timely and the answer
was given couple days ago.

I said here and on Greenies Blog

" as long as SWISSY" does not break, forget the new lows in stocks"

OK, I rest my case.

What is really driving the market right now is not the YEN, which is too strong to get stronger. JAPAN is in the toilet and if they want to go more into it then let them keep YEN STRONG.

Meanwhile the EUROS will come back and support the market, by making the DOLLAR weak.

Everybody knows my Dollar forecast , so put all of that in the context of intermediate run down of the Dollar and expectatioin that even is Dollar recovers and goes higher into March it will not be a really big move up and you get the scenario
of Relatively OK stocks market.

Does anybody want to see the bullseye , ok , then just look for SHEKL Dollar projection ( search SHEKEL on this site) and it will be clear how powerful that forecast of DOllar High In DEC against SHEKEL ( kind of EURO) was and will be when looking back at it in 2-3 months.

Meanwhile I am, hopeing that it will be just as that graph says.

Good Trading and thanks for the question Dear Lag

Good Trading Dear Lag

boris said...

Dear Lag, your question is very , very timely and the answer
was given couple days ago.

I said here and on Greenies Blog

" as long as SWISSY" does not break, forget the new lows in stocks"

OK, I rest my case.

What is really driving the market right now is not the YEN, which is too strong to get stronger. JAPAN is in the toilet and if they want to go more into it then let them keep YEN STRONG.

Meanwhile the EUROS will come back and support the market, by making the DOLLAR weak.

Everybody knows my Dollar forecast , so put all of that in the context of intermediate run down of the Dollar and expectatioin that even is Dollar recovers and goes higher into March it will not be a really big move up and you get the scenario
of Relatively OK stocks market.

Does anybody want to see the bullseye , ok , then just look for SHEKL Dollar projection ( search SHEKEL on this site) and it will be clear how powerful that forecast of DOllar High In DEC against SHEKEL ( kind of EURO) was and will be when looking back at it in 2-3 months.

Meanwhile I am, hopeing that it will be just as that graph says.

Good Trading and thanks for the question Dear Lag

Good Trading Dear Lag

Vishal said...

Dear Boris, so we should follow swissy to confirm stock market movement ? (I know Im an idiot when it comes to currencies, so please be gentle :D)

boris said...

Dear Vishal,
YOu ar not idiot.
YOur a good intelligent man. I am a good judte of people. So please trust me(:- !

Ok, Yes, from now on it is the general strength and/or expectation of strength of Dollar that will drive the markets and as stated, due to the YEN having done most of going up already and due to the EURO being the iver 50% of the Dollar index, it makes ABSULTE sense to think the way you just stated

Good Trading

lagscrew said...

I have been studying some new indicators and they are very scary--hate see what happens when they crack--very high

lagscrew said...

what is symbol for swissy

D said...

Lag, I think we are ready to base jump off the sears tower in chicago.

:)

lagscrew said...

I agree--hoping for a low on 12 Dec instead of high

lagscrew said...

full moon again

D said...

We cleared out a lot of weak longs and shorts in past 6 trading days.

Vishal said...

lagscrew,

FXF = Swiss Franc Trust

SZE = USD/CHF

cheers

Vishal said...

oops SZE = CHF/USD cross (not USD/CHF)

Vishal said...

looks like SZE doesnt trade much :(, so cant use it.

lagscrew said...

thx

boris said...

Dear LAg,
ETF for swissy is FXF

Good Tradnig

John said...

Boris,

thanx

old john

boris said...

Dear John,
No Problem My Dear Friend
Good Trading

boris said...

Dear Subscribers,
Readers,
I d not want to be misunderstood here. I did not make a statement that YEN can not go higher, sure it can and probably it will. It is just that it has made too much of move on EURO currencies ( even against GBP) and it probably is not in a postion to gain hell of a lot against them.

That is what I meant by JPY strenght

Good Trading

lagscrew said...

Boris when you refer toSwiss break do you mean just under 82 is bad for the market

You have to forgive me as I look at so much info its hard to catch it all--Im trying new things in my tool box and then will thin out to only the best

boris said...

Dear Lag,
A lot of what happens with SWISSY is a subscriber priviliged information.
I will though communicate some of what I mean , under very strinct requirements that this info is not transfered in any shape and form to anybody outside of the ANTI-SOPITALIST inner ( SUBSCRIBER) group.

Good Trading Dea Lag, expect email on lewsew is it ( I hope I can find it)

lagscrew said...

Or the break above trenline of about high today which goes back to 9/15

lagscrew said...

lewsew@charter.net


Thanks Boris

Vin said...

Boris,

I confess to being a currency newbie, only paying attention to them after discovering you. CHF has the smallest weighting on the dollar index. Is there a particular reason why you like to emphasize the CHF? Does its relative unpopularity make it more pure a signal?

boris said...

Dear Vin,
You are always closer to the truth than you give yourself credit.

Good Trading My Dear Friend

boris said...

Dear Lag,
You are Welcome
Good Trading Dear Lag

John said...

Vin,,
Very interesting comment- I learn everyday here.

old john

Vin said...

Boris,

Ha. Thanks for the vote of confidence. I'll learn with time, and through your posts/emails.

The gap just below 895 on ES (easier to see on SPY) should be a magnet for your 2nd ILAP.

Vin said...

Thanks for the email, Boris.

Slowly building a picture... hopefully it's a good one. :)

boris said...

Dear Vin,
The same email was send to all subscribers

Good Trading, ENJOY My Dear Friend

lagscrew said...

THX for the insight Dear Boris

boris said...

Dear Lag,
You are a real gentleman.
We enjoy your presense here and feeling must be mutual as you come here greacefully puttin in your few cents worth.

Our subscribers like you very much. I know, I get emails from them and many other them communicated that much to you.

So Welcome and look forward to cooperation for many , many years.

Good Trading

diesel said...

I think things could go either way here. A breakdown would be very nasty IMO with sp500-600 easily being an achievable target if swissy treasury etc give up important APs. Otherwise a grind higher into early next year is my expected scenario. I hope we get the grind. Collapse is a scary thought. Regardless i'll trade the uptrends or downtrends as I see them. Boris the new site was down early this morning but appears up again now. Was there a problem this morning?

jimww said...

dear readers The 882 is a gann square from 820 , it worked on the way up maybe it will hold on the weigh down ...this is from another board,I need to study gann. I thought we would hit just under 800 but i was off by 20 oh well , Take care everybody , their is a nasty flu bug working in phx. not wide spread but it will put you down.

boris said...

Dear Damien,
Unaware of new site being down.

It would have been nice if you alreted me immediately.

It is possible Dalibor was making the update to the site, but do not know.

Good Trading Dear Damien
Appreciate your trade input.

diesel said...

Yeah sorry I would have but was stretched for time so just choose to use the email .jpg format. Regards, Damien

lagscrew said...

Boris

Im happy to hear that and want to give back to anyone for free what I have learned. makes one feel good

many have helped me over the yrs. and have found a lot of places like Mark Lytle for example that has a very different type of style which I enjoy

boris said...

Dear Lag,
I like Mark too.
Real nice guy

Good Trading

boris said...

Dear Jim
Thanks and Get well
Dear Good Friend

אנטי-סופיטליסט said...

Hi Boris, I didn't realise you had a new site. How do I get into it. You can email me with particulars if you like. thanks, waldo. I was bottling some black raspberry wine this afternoon and got about half drunk. ha ha.

D said...

Maybe the snow is getting to me, but I am wildly bearish and I don't feel like hibernating.

:)

John said...

D,

snowing again , lightly, in chicago

old john

Vin said...

D,

With the pervasive bullishness, I'm thinking of putting my bear suit in the closet and hibernating (not trading either direction) until a more inviting climate. :)

The market is starting to remind me of March, even though it might be rallying on utterly different reasons. (Hurray for self-fulfilling prophecies and a desire to play chicken on the long side.) This time reference might also be appropriate considering Boris' note to subscribers.

Tomorrow or Thurs. should provide enough color for the near term. I'd like to see how the ugly sectors (Financials, REITs) react to today's pullback. There's also the heavy air above ~920 on ES...

I do fear that many traditional technical indicators might be rendered useless by any sort of bubble euphoria. A holiday rally *is* a mini-bubble. So what if it's irrational? The person who times the exit best will win. Fortunately for us, Boris was able to deduce oil's top, so we might be able to avoid getting hurt if that becomes reality.

D said...

That might be wise, we will have to see the open. The 1 month tbills just started moving off of the floor.