Tuesday, April 07, 2009

Another Push Lower


816.47 818.47 821.75 825.67 emini
812.03 810.03 806.75 802.75

31.71 31.80 31.95 32.13 qqqq
31.52 31.43 31.28 31.10

840.61 841.83 843.84 846.22 spx ( change Noted by John)
837.91 836.69 834.69 832.25

440.61 441.83 443.84 446.22 rut
437.91 436.69 434.69 432.25

100.39 100.51 100.71 100.95 jpy
100.51 100.63 100.83 101.07

1.1466 1.1480 1.1503 1.1530 chf
1.1480 1.1494 1.1517 1.1545

38 comments:

TwinGems said...

Good morning Boris,

I am also bearish on the dollar but not sure what else to invest in.. even if market goes up, dollar goes down.. it's an equalizer.. At some point the market will go down and the dollar will also be down!!

What are your thoughts on the australian dollar...as alternative to dollar and also as a gold play.. ?

Thanks
Carol

xerxes said...

Dear Boris...Perhaps my actions are similar to a chump picking up quarters in front of a steamroller.. And, again, your strategic view is impeccable...I can only try to advance my skill set...That's why I'm here listening to you :-)

Mike Truong said...

dear Boris,

Good Morning. Currencies are not ready to continue the sell-off in equities yet I believe. Also can you explain "Brother" and "Sister"?

Thank you and good trading,

Michael

boris said...

Dear Carol,
Bearish/Bullish are words.
Actual trade refelects a more balanced view, that depends on individual situation.

I as an AMERICAN citizen have a dollar/USA dependency build in. No matter what I do, my Social Security payments if ever(:-, will come in Dollars. So, I , obviously could that flow when I talk about market position.

Nevertheless , there are some rules for an asset allocator. Like now, If I suspect there is the real top or echo top in June, for Dollar, I Must not allow myself to be more than certain percent of capital being out of the dollar. Let us say I feel comfortable with 50% now, even thought this is really not my poisition. This allows me to be happy If dollar collapses, and happier if it does not.

I repated this many times and I can not help but repate it again. If somebody finally understands what I am saying, I would consider it to be a sccess of being able to have converted an ERRANT trader into ASSET ALLOCATOR.

I know this is not a direct answer, but therre is not direct anser for this situation , only avareness of what probabilities maybe.

Sorry, market is not easy even for me. Ok I have addmitted this many times(:-

Let us go day by day.

Let us though use the multiframe approach, alwlays.

If you are going to use OSCILLATORS, for example, than consider many of them , hourly , daily, monthly , yearly!

Yes, that is how I see the worlds and


"if Longer view is conflicted with the short term view, the LONGER term wins for me"

Ok , you can take this as another rule to live/die by.

Good Trading

boris said...

Dear Xerxes,
Thinking matters,

If one looks at trees too much the forest can bi missed.

That is the point of my teachings.

I am not here to create the short term traders.

I know I can help anybody to become such, but only if the follow the TOP DOWN look not the bottom up look.

Meaning, first I want to teach the ASSET view and longer term view and then I would accept and individual will accept the needed behavoir.

That is why I am not crazey discussing the quickly changing views, becuase it takes us away from what we want our subscribers to be.

I can guarantee you that a good investor will become better traders,

A trader, will have harder time to become an investor and that I do not like.

I feel obligation to prepare people better for investment world.

Good Trading Dear Xerxes

boris said...

Dear Mike,
Simple,

SISTER and BROTHER are the SPX based MDSystems.
NAZ is a nasdaq based MDSystem.

SISTER is a fast trigger happy. It usually is first to get the signal. So, acts like a warning of the worning ( eventual signal from NAZ). Then usually comes the BROTHER and usually ThE NAZ comes last to create a signal.

I think this make sense.

You know why? right?

In some sense this is a divergence system.

When SISTER is in BUY and NASDAQ is not there YET, we have a divergence ( NAZ, more speculative) is still selling off while the More massive market SPX is already there.

If you look on the charts, that actually shows up as divergence.

What a concept that MDS seems to confirm what the OLDTIMERS know long time that NAZ is more speculative and ends the trends
LATER!!!!

Good Trading Dear Mike

boris said...

Dear Carol,

Remember in my list of BOND like stocks wher things like GIM and especially FAX

They have the character of being supported by the GLOBAL( including commodity) markets doing better and that is reflected in Australian, Canadian, Brasialian etc currencies

Good Trading

tim9lives said...

Good Morning Dear Boris.
Two interesting articles/video I ran across all should see.

Check out Bill Moyers interview with William Black,,,chief investigator of the S&L crisis of the 80'

Bill Moyers and W Black--Crisis and the Banks Interview
http://www.pbs.org/moyers/journal/04032009/watch.html
The Fraud and the coverup is beyond words.

The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds.1When the person that controls a seemingly legitimate business or government agency uses it as a "weapon" to defraud we categorize it as a "control fraud"

See Below-- two documents everyone should read--Huffington www.huffingtonpost.com/william-k-black/the-two-documents-everyon_b_169813.html

Take care --Tim

John said...

Tim

FBI was made aware of it as long ago as 1998.

old john

lagscrew said...

bought some FAZ---17.2

boris said...

Dear Lag, Good Luck

Good Trading Dear Friend

boris said...

Dear Tim,JOhn,
I am aware of the situation due to contacts with John, that this was going on long time and even criminial elements were involoved.

Dear Time, Thanks for the info.
If John, was not informing me, I would have been "finding " this now only, as are many.

Of course, I could think of all of these, cause it is how business is done in USA ( unfortunately), but the real field reports, I started to get from John ( ideas about it , I mean).
Good Trading

John said...

Boris,

If I would have known what I had known and you had this blog? There would be no blog now as we would be sipping a cool one on some island somewhere. The two of us and whoever else was on the blog at that time.

old john

boris said...

Dear John, YES(:-

HALLELUJAH!

Would have bought the ASAI berry rights!

Good Trading Dear John

boris said...

Ok,
So, the SISTER has scared the market instantly(:-

That is new, If stocks can not recover much here, that would be an indication that market has exahusted itself. It is usually case that Market will go higher, So, perhaps with patience we will see market go higher next couple days ( sometime). Which would confirm the Dollar downtrend into mid month.

Remember, nothing we as for market to do has to happen. that is why it is the market(:- ans we are investors(:-

Good Trading

Woud we consider To buy the market, only afater the MDS has registered clear BUY signals and appropriate retracememnts have taken place.

Good Trading

Mike Truong said...

Dear Boris,

Are you still accumulating swissy and selling brutish?

Good trading dear friend,

Mike

boris said...

Yes, Dear Mike,
Doing it little by little,

At the end I may be only 10% max in this trade and I am only 4% at this time

Dear Mike

Good Trading

Mike Truong said...

Dear Boris,

May I asked how you trade the swissy/brutish pair? It seem you trade forex but with little or no leverage I presumed? Thank you dear friend,

Mike

boris said...

Dear Mike,
No leverage,
Correct,

Yes, My Dear Friend

boris said...

Dear Subscribers, Readers,
Tomorrow is PASSOVER incoming day ( ApRil 8 ) is the day. I will put out the numbers and comments, but I may not have too much chance to comment about the markets during the trading day. Going for PASSOVER DINNER to my older duagher, Janet's place.

Everyone who celebreates, please enjoy the happy PASSOVER.

Everybody that does not celerbrate the occasion, still have a happy days and may these days start prosperous time in your lives.

Thanks you so much for being a Dear Friends of mine.

You are the forect that brings me here everyday. May you be a Succesful force for many years.

Good Trading

John said...

Boris,

Have a very nice Passover

old john

boris said...

Dear John,
Thank you My Dear Friend,
May you and your wife have a long healthy prosperous life for another 120 years.

Then the committe will reconvene(:-

Good Trading Dearest Friend

lagscrew said...

was interupted--sold faz at 17.43 vs 17.2 about an hr ago

Mike Truong said...

Dear Boris,

Please enjoyed Passover. Market will always be here but life is fleeting. Please enjoyed your life and the joys of family.

Good trading friend,

Michael

boris said...

Dear Mike,
Thank you My Dear Friend.

All the best wishes
To you and Significant other

Good Trading

boris said...

Dear Mike,
Thank you My Dear Friend.

All the best wishes
To you and Significant other

Good Trading

lagscrew said...

buy GDX 33.60--may hold for a bit

TwinGems said...

Hi Boris,

Just got up.. thank you for the response.. I will made a portfolio of all your stocks and I'm watching...

Happy Passover.

Carol

boris said...

Dear Carol,

I am afraid, this is not a best time making that portfolio as we are overbought, but if you made a small amount of you capital, Under 10% now, that will be OK with me. Remember that Stocks have rallied strong.

As I said I would consider adding when we get next MDS buy serious of signals( warnings).

But again, if it is a small amount, that would not bother me. YOu should still be earning over 6.5-7% on that portfolio

Which is not bad at all.

Good Trading

boris said...

Stock Market is hitting, temporary, support of CONFLUENCE of Daily and Fifth Hourly at 800.

Good Trading

John said...

Boris

You are up early


old john

boris said...

Deaer John,
Yes, Julie was out last night and inedvertently woke me up(:-

With her laugh telling the story about her travails to my wife.

Well... that is what kids are for!
Good Trading

John said...

Boris

Our next door neighbors took me out to eat. ( wife is back in chicago attending a funeral of a friend of hers). This couple are in their 80s and are from New York. Her cousin is the famous Bernie Madoff. No, they never invested with him.

old john

Benjamin said...

Good Morning Dear Boris....Happy Holiday to you Dear Boris....It looks like Eliyahu will get some good tipple tonight at xerxes' table :-) Thank You...

Seems like there is dollar hunger in the Far East...1.3130 on EURUSD is near-term target...

xerxes said...

Dear Boris...Are we getting a falling 3 methods forming on the daily relic?

boris said...

Dear Benjamin,
Short term fluctuations do not bother, or I would have been crazy like all that trade currencies.

Yet, we have captured every intermediate trend in currency better than anybody else.

All these people coming out of the woodwork, just prove to me that, they are apt to confuse , a short term moves with intemediate trends.

Now I am admitted bull on Dollar into June, but meanwhile we have to go throug spike in EURO.

If it does not happen, that will not be the first time and we will just go marrily to next target.

As I said small trends do not excite me and I do not urge my subscribers to go with it.

That is all.

If the EURO remains strong to the mid month the it would have proven that My April Projection was not exact and that will not be first time.

My record of currency predictions is amazing even by immortal standards, I do not bother with the trends that seem to exicte short term traders

Let them. I know too many of them that have gone to poor hose, by thinking they can make money in CUrrency short term trading.

Good Trading

boris said...

Dear Xerxes,
Good Tradiang to you and Good Luck

Happy PASSOVER.

boris said...

Dear John,
Good For you.

Glad to see you are getting to know people in the neighborhood

Good Trading