Wednesday, December 17, 2008

attraction points(Apoints)

We do still expect and wait to get the purchase signals on our tools and they are partially there , but not all/most therefore we wait. And even after getting such signals we will proceed very cautiously. This is not a time to chase the market. In fact market should only be bought at discount or not at all. We are 45% invested that that is fine, as we will protect some all of that if we get the market downturn of the size we do think should come. We think today is going to be a sideways to down day.


29.91 29.79 29.59 29.35 qqqq
30.41 30.53 30.73 30.97

899 897 893 888 spx
908 910 914 918

895.62 892.12 886.42 879.38 es
910.39 913.89 919.56 926.63

1.084 1.081 1.076 1.070 chf
1.097 1.100 1.105 1.111

26 comments:

Vin said...

Good morning, Boris, all.

Boris, out of curiosity, have you backtested the MDS systems on the crash of 2001-2002?

xerxes said...

Good Morning/Afternoon Boris:

They're still flogging the buckeroo with the cat-o-nine-tail..

I didn't know you have silver outperforming gold going forward..

Problem with silver is that it is known to precipitate myocardial infarctions :-)

With an oncoming depression, I would think that silver would not be as good as gold, but what do I know. To me silver looks like pewter.

xerxes

אנטי-סופיטליסט said...

Good morning everyone, according to the pnf charts demand for stocks are now in control, this is the first time in a very long time but that could change and also a 3 box pullback is normal. Just thought you would like to know. waldo.

lagscrew said...

Waldo

what is the # on the pull back

boris said...

Dear vin,
MDS did not exist in 2001

Thanks My Dear Friend

Dear Xerxes, I hear you My dear Frind

Dear Waldo thanks My Dear Friend

xerxes said...

Hello Dear Boris...

I heard Jimmy the Greek out in Vegas is giving even money odds on the buck being back to 1.60 by Yom Sylvestre :-)

Now that's some holiday cheer :-)

xerxes

Vin said...

Oh, ok. I was just curious about its performance during a prior crash scenario. It seems to be managing this one just fine, anyway. :)

אנטי-סופיטליסט said...

Lag, just pull up the pnf chart on whatever time frame you are watching on the instrument you are trading. I know you trade twm and the russell needs to break thru the 482 area to go much higher. 482 is resistance, actually double resistance. waldo

boris said...

Dear Vin,
MDS contains no money management, stops that would have helped it avoid the crash, like we did. Even though MDS got caught int the crash it is still profitable on the YEAR. How about that. Incredible. Discretion can anybody use is a simple one like, stop the trade after 50 point loss.

That would have made the records show MDS even more incredible.
Even so, it shows 77% win rate and 1000% return over 22 Months

Anybody can judge those numbers

Good Trading

boris said...

Dear Xerxes,
I do all my bets in the market.
Could be 161 by then.
WHo knows.

GOod Trading

xerxes said...

Hello Dear Boris.....

The Jimmy Greek thing was just a joke....Just light banter....

Looking at EuroUsd on the daily, it seems like a cup is being fashioned....So do we get a handle (which is your usd predicted rally) followed by the pattern completion (euro bullish move)?

Just thinkin' out loud.

xerxes

Vin said...

Boris,

Your secret is safe with us. We won't tell your children about your proudest creation. ;) (Just kidding!!!!)

boris said...

Dear Xerxes,
I do not really think in terms of the cup and handel.
I know some people think that way and it must be useful concept.

I never got into it.

CANCSLIM method ( by ONEIL ) contains that concept.

I guess if one applies it correctly it must work

Good Trading

lagscrew said...

Boris

got out of my shorts this am at big loss

indicators quit working--really sucks when they change rules all the time

may take some time off--good luck all

boris said...

Dear Lag,
Good Luck,
Need to let market come your way and not take big risks. My Dear Friend.

This market requires extreme care.
Bandits/Sopitalists are out there running this thing up and down like world has gone MAD

Sorry, but do not get discouraged.
We love your participation there.

Take a rest and then start small. Relly small to reget and retain confidence.

Dear Lag, You are a reall gentlmen, you will overcome.

Good Trading

boris said...

Dear Subscribers.
Yes, we were a bit early and suffered enough of the SWISSY being pushed around to 1.23 by Dollar. But We have been windicated. SWISSY is around 1.08 now.

Not bad, considering how dificulst the SOPITALIST banks make this trade.
HALLELUJAH!
Good Trading

xerxes said...

Hello Dear Boris...

Trade difficulties???

Seems like the ECB/Fed combo rang the bell to commence the complete and possibly final, utter, debauching of the medium of exchange....

The fx market looks like a spring day in Pamplona. All that stand in the way get gorged :-)

xerxes

boris said...

Dear Xerxes,
I agree with you
I have never been to Pamplona though(:-

In any case, this is not a market for amateurs and fainthearted, for sure

Good Trading

John said...

Boris,

I am an amateur- but I am not faint hearted

old john

boris said...

Dear John,
I do not think you an amateur any more.

If you were, think about it, you would also be fainthearted about trading.

Now, true you may still need to learn things , but you know enough not to get in trouble easily.

And that is way/way beyond being amateur! My Dear Friend John

אנטי-סופיטליסט said...

Just checked on new CD rates, was quoted a whooping 1 1/2 percent. I am going to take my money and put it in a safety deposit box. I refuse to let them use it for 1 1/2 percent. waldo

xerxes said...

Hello Dear Boris....

Well, I consider myself an amateur/student and will forever after...

I know you have been a commodity currency bear....I would have thought that they would benefit from the impending gold bull run, helped along by favorable interest rate differentials....

Since you don't like 'em, I don't either :-)

xerxes

boris said...

Dear John,
Somebody maybe very limiting themselves to the few securities and still be beyond amateur.

I short, he/she who knows enough not deal with things that are not very familiar to them is not an amateur.

Remember Even Buffet says that he did not want to touch Tech stocks in 90s because he "did not understand" the field.

The buisness was not simple for him to read.

That is the sense I meant.

Good Trading

boris said...

Dear Xerxes,
I meant to address the post to you as well, My Dear Friend

Good Trading

John said...

Boris,

You know me by now, I concentrate a couple of things and that is it.

old john

Vin said...

John,

I like that. Being focused on familiar things keeps the garbage out, and this market is throwing more and more of it at us. Boris' patient way is clearly the way to go right now and always. My bear costume left a little mess on the floor, but I'm slowly mopping up. (It's what I get for not listening to my comment two weeks ago about the possibility of a mini-rally euphoria.)

Thanks for being so consistent with your actions, Boris. :)