Monday, December 29, 2008

attraction points(Apoints)

Ok, Dear Readers, Subscribers.
This is it. Market gets no credit here whatever, it goes below 862, I am protecting 5%, it goes below 852 I am protecting 10% more percent of the holdings. I believe long side is preferable and the new lows below 740 are not probable more than 25%, but we could have a retest of the lows, just about any time and that means anything around 800+-40.


870 869 867 864 spx
876 877 879 882

28.72 28.46 28.04 27.52 qqqq
29.82 30.08 30.50 31.03

90.055 89.965 89.819 89.638 jpy
90.435 90.525 90.671 90.853

864.48 861.98 857.91 852.88 es
875.03 877.53 881.58 886.63

875.08 873.41 870.70 867.33 xau
880.46 882.13 884.83 888.21

10.96 10.91 10.83 10.73 xag
11.17 11.22 11.30 11.40

19 comments:

boris said...

Dear John,
Old Carlin was right.
Great man. Expresses it all just the way it is.

Good Trading

Vin said...

Good morning, everyone. I hope that you all had a nice holiday period last week.

Speaking of teachers, some of the pension benefits for state (university) employees are ridiculously unfair. I was talking with my folks over the holidays, and they completely regret not taking advantage of the pension option (as opposed to a self-directed 401k).

At least for those who started in the 1970s, benefits after 25+ years of employment include 80% of the final few years salary, averaged. In my parents' case, they would have needed 10% annualized returns in order to match the pension payout, assuming present day maximum contribution limits. Since this limit was undoubtedly much lower 25-30 years ago, the required returns would have to be much higher.

Let's not go into other things, like rights of survivorship, even if the spouse is very young. Madoff is nothing compared to the pension system!

boris said...

Dear VIn,
Welcom,
No wonder with that much money at stake,

They are asking FED to pring endlessly, They do not care about "our children" not even their children having enourmuos burden. They only care about themsleves. Congress included, that has a seperate pension system

GOod Going
Gang

Good Trading

boris said...

Dear Readers,
This market makes me think again.
How sweet it is to get payed when market is not going anywhere?

Market goes up, you make money
Market goes down, you make money
Markte ends up unchanged for 12 months and you make 7-8% if you positioned correctly in nice yielding safe stocks

Not bad, not bad.

That is why I gave subscribers the list of stocks that they can hold on during these craze times where market can go 10% in one day and 0.3% in another


Go FIGURE

Good Trading

אנטי-סופיטליסט said...

Good morning all, Boris, the market may have started a bit early to follow YBR. January could get ugly. waldo.

boris said...

Dear Wadlo,
Actually, market is just about on time following the WBR.

Unfortunately for immediate bulls.
That is why the openning comments in the post.

I think 29 Dec Is just about time where the WBR turns down? and the early January then may open the doors for a local low with some further weakness into the Next and curcial YBR low... Subscribers know where this is

GOod Trading.

For those reasons Dear Waldo, I have no more tollerance for this market. I was ready to wait until WBR topped, but with all the signals in place and all, if this market is not able to make go ove878 as a minimum. I can not trust it in a short term

Thanks My Dear Friend Waldo

boris said...

Dear Wadlo,
Actually, market is just about on time following the WBR.

Unfortunately for immediate bulls.
That is why the openning comments in the post.

I think 29 Dec Is just about time where the WBR turns down? and the early January then may open the doors for a local low with some further weakness into the Next and curcial YBR low... Subscribers know where this is

GOod Trading.

For those reasons Dear Waldo, I have no more tollerance for this market. I was ready to wait until WBR topped, but with all the signals in place and all, if this market is not able to make go ove878 as a minimum. I can not trust it in a short term

Thanks My Dear Friend Waldo

boris said...

Dear Wadlo,
I just checked it again. Yes it seems like the 29+-2 trading days, we should have expected, at least, an attempt for highs. Here we are 29th and not really, YET(:-, showing any signs that we are about to make high next day or two, but who knows stranger things have happened before...

Good Trading

boris said...

Dear REaders,
We have bounced from the fourth daily and second of the daily combination.
Now that is a pretty powerful combination and the third daily is only 1 point below that.

This area is absolutely crucial to hold or it may get ugly here

So, please keep the bumber ready in mind and also see that the fourth daily is all the way down at 846( not good to get there)

Good Trading

boris said...

I meant we have bounced from 4th intraday and second daily...


Good Trading

boris said...

We have registered exhaustion bar below. This means that if you have a small position you may still want to hold the long from here
with a protective stop right below the 11:05 low.

Good Trading

boris said...

This market maybe looking down immediately if ESMINI prints below 859 again. That is a small risk if you are long.

Good Trading

אנטי-סופיטליסט said...

I believe one thing that investors are not looking at is the 401 money that comes into the markets every month. With companies laying off workers and a lot of companies have completely quit the 401 contributions there isn't near the money out there that they are saying there is. That is what I will be watching in the first part of january along with Boris's signals. waldo.

אנטי-סופיטליסט said...

Also I believe the retail investor of the past week or so has been positioning himself for the big january runup and that is another reason this market hasn't gone any where. The institutions has been selling more than buying. waldo.

boris said...

Dear Waldo,
You are correct on all counts.
The reasons , institutions could be exercising the caution is that they are afraid, public will see the full impact of their asset devastation in January time frame and that may cause another wave of withdrawals from mutual funds. SO the fear or redemptions keeps the cash levels at funds higher than otherwise would be

Good Trading

boris said...

All of a sudden, the Dollar turned around and ANTIDOLLAR, except OIL are tetreating. Did I speak this moring that I am selling that which is expensive and bying that which is cheap?

COmments are in previous post

Good Trading Dear Reader

boris said...

This Dollar even may have awakened the stocks market as well, perhaps somebody started buying the assets dominated in dollars?

Good Trading

boris said...

It looks like,
most of that money may have flown into BONDS so far.
I mean, if somebogy started buyin USA Dollar denominated assets.
The influence on the stocks have been minimal, so far.

Good Trading

boris said...

HUGE DOLLAR RALLY here
Dear Readers,
HUGE one, reversing the entire days decline on YEN and almost retracing all loss to SWISSY

GOod Trading