Friday, March 13, 2009

Caution Remains,But Tailing stops takes care

Dear Subscribers, Readers, Caution signs remain, but as long as the market keeps moving higher and stops are not hit, one needs to trail and be profitably happy.
Market has hit important resistance areay, just 15-20 minutes ago. Could cause decline for a while.


734.88 728.13 717.20 703.56 emini 763.37 770.12 781.19 794.69
27.95 27.64 27.14 26.51 qqqq 29.26 29.57 30.08 30.70
384.96 382.57 378.70 373.87 rut 395.05 397.44 401.36 406.14
739.83 733.86 724.19 712.13 spx 765.02 770.99 780.78 792.72

We told our subscribers early in the day ( before market opened) that the likely range of the market is going to be 740-755, well, the rest as they say , is history!

Should you like to trade like this, please see the info about Subscriptions in posts just below. Good Weekend My Dear Readers, Subscribers

22 comments:

waldo said...

Good morning Boris, hope you are getting some rest, it seems that I am coming down with a sore throat and a cold. Looks like greenie and a couple pro futures traders are set up for a big crash, is this the friday the 13th to remember just like the devil number of 666 a few days ago. waldo.

boris said...

Dear Waldo,
Yes, My Dear Friend,
Take care as well. Thanks a lot.
Dear Waldo, I have not been much of the short player in the stock market. My approach has been the ASSET ALLOCATIOn and that almost by definition means buying when the market is low or moving money into something else if the mareket seems high ( like cash, or GOLD bonds etc).

I am not going to play short here either. I wish those that do good luck. I mean it.

And of course, that means that they will make money. All the better for them.

I stick to what works for me/us and that is good. Catch the lows and sell gradually and repeate that all along.

Good Trading Dear Waldo, My Dear Friend

boris said...

Dear Subscribers,
PCratio is still working for BULLS
Good Trading

Wanderer said...

Dear Boris,
Good morning.
I imagine that the MDS are the same as yesterday.
Would you please confirm that?
Thanks and have a great day!

Bert

boris said...

Deare Bert, ALL MDS info is in emails, I have send today.

Please see the emails.

If you don't have them let me know

Sorry about that My Deare Friend Wanderer/Bert

Wanderer said...

Dear Boris,
Thanks for your quick reply.
I have not yet received today's email.
Would you please send it to me (again?)?:)
Good trading to you.

Bert

Wanderer said...

Dear Boris,
Thanks for the email.
All good now:)

Bert

boris said...

Dear Subscribers,
Please note that Market has pivoted exactly at the point where our Hourly top IHAP was. And
since then is unable to make gains. We shall, see if it can overcome that then additional gains are possible

Below 725, Please, release some stocks, ( I will release 5%) there

Good Trading

lagscrew said...

Hi boris---in heavy on FAZ--under water here

lagscrew said...

got a feeling today will swing up and down a bit---seasick

boris said...

Dear Lag, Good Morning
To and Good Luck My Dear Friend

boris said...

Remember The prices are approaching the Fifth ILAP on Hourly,
There will be some reaction from there, I am sure

Good Trading

boris said...

If this level does not hold we go down to 725 on Emini
Good Trading

Hopper said...

Hi Boris,

yesterday I sold my SSO and scaled in SKF. By the end of the day, fully scaled in.

It may come to a possible repeat of lows...

Good Trading

boris said...

Dear Hopper, Thank you very much for reporting

Good Trading

boris said...

Market is holding by thread on the FIFTH HOURLY ILAP dear Readers, Subscribers

Good Trading

boris said...

In a one of the most amazing displays of power of Attraction Points, we saw the market make early highs at the top of the Hourly AP range and low at the bottom hourly AP range.

Good Trading

boris said...

This break here is not pretty.
I am not sure market can top the 16 ET high today, but if it does that would be very bullish.

For now, break is coming on the downside

Good Trading

boris said...

I presume what we have here is a minor wave 5 just completed? if so we must go down here , at least a bit

GOod Trading

boris said...

What the Market has really painted is the ABC patatern up, which should have ended at 1170 on NQ but came close at 1169(! (:-


Good Trading

boris said...

Well, Dear Readers, Subscribers.
Market is like a teenager, you can tell them to come home any time you like, but , altimately they will decided when to come home. Same the market, You can tell them to go down/up/sideways, but the best thing is to just know wherne and when it COULD go and monitor very attentively what is going on. That is what we do, by knowing early morning where the markets COULD go and keep the stops trailed accordingly.

This is very simple Dear Friends. We do the best Market top and bottom picking, but that is not what makes money. Momey is made proper trade execution.

Good Trading

John said...

Boris,

Received your email - thanx

old john