Tuesday, December 02, 2008

Thanks For Being With US

Market, has a definitely better feel for it today. My anticipation would for a sideways kind of a day, unless the AP ( Intra day low) level two is breached.

26.56 26.35 26.00 25.58 qqqq 27.45 27.67 28.01 28.44

814 809 801 791 $spx 835 840 848 857

813.20 808.20 800.07 790.00 es 834.30 839.30 847.40 857.50

92.906 92.686 92.328 91.885 jpy 93.834 94.054 94.411 94.855

776.74 772.79 766.37 758.41 xau 789.46 793.41 799.81 807.79
10:11 ET, ES critical now, must jump over 835, sooner the better
11:25 ET, careful this jump up here may have been a trap

25 comments:

John said...

Boris
good morning

old john

boris said...

Dear John,
Good Morning,
So, how was your outing yesterday?

Good Trading

John said...

Boris,

Falling apart- inner ear infection and my broken hand is healing but having problems.

Other than that, I am fine. Snow in the forecast for tomorrow, planning the move, wife has tears in her eyes about moving, but we will prevail.

Possible lower low?? I cannot believe the 10 yr bond yields- 2.7%

old john

boris said...

Dear John,
You will be fine, My Dear Friend.
We are born to cheat the nature(:-

Arizona will be God Send for you.

I am sure you will get used to sun 340 days a year.

Well our update on Inerest rates called for 10 Year to go possible as low as 2.5 or even lower, numbers are there on the post.

So, there we are

Good Trading Dear John

Vin said...

Good morning, Boris, John, all...

boris said...

Dear VIn,
Good morning to you and
Good Trading,
I think you had a good Idea, yesterday that this move unsustainable, I am still conditioning it, but I think you were right.

IF the first hour is not too bad. I think market survives even though it may not have a great day a stop of downside momentum will be a nice accomplishement

Good Trading

Vin said...

Boris, since I am still learning (always learning!), I trust your objective measurements a bit more than my observations about price/volume in various sectors. :) Let's see what the intraday APs say!

I think that second daily lower ap is out of the question unless we see some panic selling. Maybe on a hard breach of around ~790 ES. We'll see.

Vin said...

Oh. Ha! I now see that 790 is the fifth intraday on ES. I am slowly becoming one of your computer algorithms, Boris. :)

boris said...

Dear Vin,
Good Luck(:-

Good Trading

Vin said...

Thanks, Boris.

10-yr treasuries have not confirmed this latest swing up. Then again, they've been in another world since Bernanke's speech yesterday...

boris said...

Dear Vin,
Yes, Once they broke that First Decenial...

There is way down to second Decenial!

I think this entire panic is a fasad to get the BOND holders, the biggest prise of all.

Trillions of dollars without lifting fingure after purchasing those bonds in 1981. 30 Years of all of us working to pay those suckers all that money

Good Trading

lagscrew said...

buy srs 145

daveo said...

ES sure doesn't want to let loose of 835. Who came up with that idea ?

boris said...

Dear Dave,
Good To hear from you today

I think market is doing much better today than all the short artists thought it will do.

As indicated if today is just a no news day that will serve this market well. It may need one ore more of those or better, but not breaking today will be a big step towards announcing. "I am not going down" My Dear Friends

Good Trading

boris said...

Dear Subscribers,Readers
As everybody has witnessed the
Fourth Intra AP has put the limit
on the market high today!

Yes AP's seem to work, Actually they always do!

Good Trading

jimww said...

Dear boris is their any similarity for today, that is will the sp hit the lower third ap ? any feel? it is ok to be wrong this is a philosopy qwestion.

Vin said...

Always impressive, Boris. :)

boris said...

Dear Jim,
IT is impossible to say, but probability exists , of course.

Remember what I said this mring.

I did not want to see marke tgo lower than the second low Intra ap , which is at 813. Ok we hti about 818, which actually is about first, which I do not publish.

Now. The possibility of moving lower is there, becuase of the status of MDS and other things we follow, it is clear that it takes, at least 3-5 days to clear the overbought condition in this market as of last week.

So, how do you cure th eoverhang , say in housing.

It is either time and/or price

right?

the same way in Stock Maket.

It will take either a lot of time or lot of price or both to clear this condition.

So, the result of this thinking is that we can not be , easily, out of woods with one day decline only.

So, we could go lower, but if hang aound here couple more days or so, we may have cleared the "overhang"

I hope I am clear.

Good Trading

boris said...

Dear Vin,

Yes yesterday it was about FIGHT daily that market reached on lows

Today it was the Intrady fourth.

Every day, the chose some different places to stop. They do not stop at random.

No sir!

Good Trading My Dear Friend

jimww said...

I love the way you put things...yes very clear . I ask these thoughts cuz I feel it helps all of your readers and me too.

boris said...

Dear Jim,
Always love to explain to Readers, what is going on.

Good Trading

אנטי-סופיטליסט said...

Dear Boris, Thanks for the early guidance comments. They kept me from getting more shorts too soon. Timing was delicious! I'm sure your readers are aware that SPY options can get filled at outrageous prices. Just push the envelope on limits and stops. Check tails on 5 min candlesticks when stops get run. Good trading to all. going home flat, JSolos

boris said...

Dear Jsolos,
Yes, very good advise.
I hope everybody heard what J said.
Watach those stop runs and tails on 5 minute graphs and do wo around APs. Or just above those. That is where they would run the stops. EXCELLENT!

Dear Jsolos, Have good night My Dear Friend!

YEP.

Greenie said...

Poorer the country, there are more people ready to protect the sopitalists.

http://news.yahoo.com/s/ap/20081202/ap_on_re_us/meltdown_choosing_war

Very sad :(

boris said...

Dear Greeine,
Sad and true indeed

Good Trading