Thursday, April 16, 2009

attraction points

SELL OBAMA57. SELL ALL OF THEM!!!
The first picture is for today , Dear Waldo, Added BKX, Will try for transportation next time



90 comments:

Wanderer said...

Dear boris,
Good morning.
Good day!

Bert

boris said...

Dear WANDERER/BERT \
gOOD MORNING

gOOD tRADING dEAR fRIEND

boris said...

Sorry,
I am still working on completing my calculators.

I think , it will be much better going forward, but need 30 more minutes to complete and present new 5 minute AP set at DotNet Site

Good Trading

xerxes said...

Trousered a small gain today Dear Boris....

waldo said...

I really have to laugh at the investmentThursday, April 16th. - Stock Trends, Charts, and Commentary

Stay focused ... don't let the news mix up your thinking.

Let's talk about "news" this morning. You are about to get the biggest barrage of "everything is all better" news that you have seen in a long time.

Already, Obama is seeing "glimmers of hope" (I'm not exactly sure what a glimmer of hope is supposed to look like.) Many Wall Street Analysts are already saying that the economy is going to turn around in the 4th Quarter. Buy now! ... they say, you will never see such bargains again in your life.

So ... investors are buying the story. Take Nokia for example ... in the news this morning, they announced that their profits plunged 90% in the first quarter. Investor mixed up thinking must be saying, "if we are going to have a new Bull Market in Q4, then this must be the best time to buy Nokia."

In the news article, there was this quote ... it is important because it represents the investor psychology and mentality that is out there right now. Here's the quote:

"It was really a relief. Although their performance was bad, it wasn't as bad as expected," said Neil Mawston from Strategy Analytics in London. "Everyone talked Nokia down, so there was a general relief that things weren't that bad after all." So with that kind of thinking, in pre-hours trading this morning, Nokia's stock jumped 11.75% at 9:17 AM.

At 9:27 AM, the DIA was up 0.72% . That is after the 2nd. largest U.S. mall operator went bankrupt. That's after it was just announced that foreclosures went up 24% in the 1st. quarter. That's after, even China, was saying that their economic growth slowed more in Q1. That was after JP Morgan said it earned $2.1 billion. The profit was 13% lower than last year ... but not as bad as expected. So, of course, JP Morgan went up 3%. The news headlines discussed are shown below ...

Remember the above investor comment: "so there was a general relief that things weren't that bad after all." That is not a profound "investing strategy" coming from Strategy Analytics, and it would be a lot better if investors did not fall into that kind of thinking.

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analysist. waldo

waldo said...

sorry to post such a long article but it is really funny to me. waldo.

boris said...

Dear Xerxes,
Good for you

Good Trading

boris said...

Dear Waldo,
Welcome back,

Good To hear from Dear Friend
again.

waldo said...

Thank you Boris, have not been doing any trading and don't have anything right now. I have torn up my sidewalk and have torn off my front porch and getting ready to replace them. Hopefully I can get the concrete poured saturday and the porch built next week. Lots of things to do right now so I can spend more time fishing this summer. Waiting for the market to retest the lows and then I will get long and forget it. waldo

xerxes said...

Not so great Dear Boris...I bought without fully thinking it out...Then I saw that a drawdown was a comin' but the AP was above the stoploss; so I let it ride; but that was dumb as well...So instead of an easy morning and a good payday, I had to scramble for chump change :-)

boris said...

Please go see!

the perfected table of Intra IPS, that I was ( finally , hopefully ) able to automate, completely and efficiently.

The only limitation we have here is that which ESIGNAL can not display some symbol.

Anything that ESIGNAL can hadnle is now within our power to custom provide to any of you.

We are begining to take requests(:-

Good Trading.

boris said...

Dear Xerxes, it is all for good
Learing expereince.

Good Trading Dear Friend

boris said...

Dear Waldo,

I have been doing pouring some concrete of my own on this site improvements and now we have the really first class, fast efficient AP calculators for anything in this world!?

Anything that ESINGLA can handle

Good Trading Dear Friend Waldo

waldo said...

Boris, it would be nice to add transports and the banking index if not to much trouble. thank you, waldo.

boris said...

Dear Waldo,
That should be no problem.
We will do.

Good Trading Dear Friend

Just question

IYT or ^DJT
BKX or SKF or FAZ

xerxes said...

Better to have cash than the experience I had today Dear Boris...
I don't use the 5 minute screen Dear Boris...My short time screen is 15 minutes...5 minutes is like for video gamers, is it not? :-) We already hit fifth LAP on the 5 min earlier today....

xerxes said...

This is what others offer for advice Dear Boris:

Swiss Franc Technical Outlook
Thursday, 16 April 2009 14:27:49 GMT

Like the EURUSD, the USDCHF may have resumed its longer term trend towards USD strength. This is my working assumption as long as price is above 1.1300.

boris said...

Dear Xerxes,
I have no problem with that statament because of IF statment in it.

1.13 is important agree.

Good Trading

xerxes said...

Dear Boris....Today, in any event, EURUSD has been running up and down the AP list from 1st to fifth on the low back up to 2nd on the high back to 3rd on the low...How useful is that?

boris said...

It should be visible that the sideways move in the stock market started pretty much with the pressure chart reaching the saturarion point ( see graph in previousl post).

It is nice for a pressure chart that incredible insight into markets

Good Trading

boris said...

Dear Xerxes, what you just said,
is what I told you and everybody in the Currency review few days agao.

So, let us see what did it say.

We will go down into 15 and have day or two correction ( WHICH MAY TURN INTO 3) AND HAVE SOME INSIDE DAYS AND THEN DOWN AGAIN IN dOLLAR.

I have no problem with what I see.

It is exactly what I thought will happen. I would not be surprised if I was wrong, But I am actully right , so far , in that forecast.

How useful is anything in range bound markets. Well, why would not you try to see the EURO graph couple days ago , how many BULLSEYE hits it had.

Today looks like an "inside day" as predicted and that is all about it, we are range bound Dear Xerxes, which is what i just commented about stocks market as well.

How useful are APS when market is range bound.

On some days it could hit enormous precision and hit those APs and on some days it could chaotic.

That is just how markets operate.

It is hard to work with any one tool all the time.

ABCDE ( do you see it on SWISSY chart).

That was your guide today.

when you get up in the morning, your must be able to see what patterns the market seems to be working with and go with it not with preconcived notion that market should stop at AP.

AP is just a station. Markets have ABSOLUTELY no obligation to stop there!!!

GOod Trading

boris said...

AP is just a station. Markets have ABSOLUTELY no obligation to stop there!!!


Yes, and it is the function the trader to figure out if the station will be visited, passed through or rejected by market prices. I have said this often, APs are the strongest when they confluence, when they do not trader has harder job figuring if it important or not, so...

Trader either uses all other tools at the disposal to place the trades or " WHEN IN DOUBT , STAY OUT"

gOOD tRADING dEAR XERXES.

xerxes said...

Thank You Dear Boris....

John said...

Boris,

Another Bus will be coming

old john

boris said...

Dear John, Thaks
Good Trading

My Dear Friend

xerxes said...

Dear Boris...I'm happy that I bought dollars north of 1.32 but will I feel good about it in the morning, as we approach zero hr...20:00 EST

boris said...

Well, Dear Xerxes,
May be market will be more mrcyfull and will get SWISSY to ABC completeion at 14:00, remember we still have 10 minutes left!

ETERNITY in CURRENCY MARKETS.
if we get to 1.1545 area, that could be the bottom of the stock move today and bottom in SWISSY as well

Good Trading
Notcie how 30 minutes before 14:00 has sparked the SWISSY decline

boris said...

Not to be for 14:00, PERHAPS SWISSY will try next half an hour. That is still possible

Good Trading

xerxes said...

Well Dear Boris, EURUSD hit bottom at 1.3127 only minutes before your 20:00 deadline. I guess your memo was received :-) There are a number of indicator divergences on hourly.. Popped 35 pips while I was typing...

boris said...

Dear Xerxes,
It is possible indeed.
That instead of completing ABCDE, we have just completed the retrace of the new wave down at 14:00.
Yes the Divergences appeared there which propped the EUROS

Good Trading Dear Xerxes

xerxes said...

Read this on another blog...I thought it coincides with your thinking on the matter Dear Boris...

Meanwhile, panic is starting to filter in this am at the gold trading pits in advance of next weeks huge crash after spdr options expiration! 48 hours left to get out of all gold...

Except for GLL. Tha target is 20 and that payout is all set. All, and I do mean all, the ducks are in a row for the Gold Crash of 2009.

Mike Truong said...

Dear Boris,

This overall market action feel heavy as in everything is trying to go up but currencies and bonds are pointing to flatness all around. Indecision is correct. I think Monday will be a rude awakening for a lot of equity bulls. Currencies is a mystery to me right now as I know you are projecting a further dollar decline. Interesting to say the least...

Good trading dear friend,

Michael

boris said...

Dear Michael,
I agree that the equities are going for their own kill.

We thought we have one more rally, must be this one, that, most likly completes this rally. It could have follow up Monday or may already be completed. I prefer that there is couple more distribution days Monday/Tuesday

As far as currencies.

The next Rise in currencies may , actually come on the heels of stable/declining equities, initially and that would look even more confusing, but that Dollar decline may last into 24-27 th April

Good Trading Dear Michael

Mike Truong said...

Hi Ivan,

Could you open a private page for me in the community? I want to start posting some of my thoughts and positions. Thanks,

Michael Truong

xerxes said...

Good Morning Dear Boris...Awoke to see that we had a bounce from 1st daily low

xerxes said...

Excuse me Dear Boris as I didn't see that you posted new ones...Looks like the old ones worked just fine :-)

xerxes said...

Dear Boris...first low hourly is lower than 1st daily low...Is that correct?

boris said...

Dear Xerxes,
I am checking numbers.
I had some mistaken strokes
in the spreadsheet that may have distored calculations.

I am going via this.
Stay tuned

Good Trading

boris said...

Dear Xerxes,
There is no problem,
The calculations are actually correct.

That can happen becuase of the following fact. What is the end of day is hard to decide in curreny world. Esignal Decides that it is not the 0th NY (ET) time. That is why you see the discrepency.

It has always been calculated this way, I just copiend ESIGNAl info manually, instead of now, ESIGNAL spewing into calculator.

Now Tha Nature OF APs , is that actually it matters none, where do you start the day, as long as you are consistent!

Good Trading Dear Xerxes

boris said...

The SWISSY, has now a somewhat DISTORTED ABCDE with elongated E WAVE, if the move does not stop soon,

this could be more than ABCDE and it could be a wave C with complex AB.

?!

Good Trading

xerxes said...

Dear Boris.....Thanks again...R U still expecting the euro rally or have your thoughts shifted to a much stronger dollar bull...

xerxes said...

Euro Drops as ECB's 'Tricky" Trichet Says He Supports "Strong Dollar" Policy...

There you go Dear Boris...from Reuters...Tricky trashed his own scrip in tribute to the hegemon...

EurUSD making new lows now

boris said...

Ok, back to bigger picture in SWISSY, we have an ABCDE formation that is of a much longer duration, that started from 3/19 high in SIWSSY and with lows around 3/30 and 4/9 with next one being expected within next couple hours and around 1.1650 area

Good Trading

xerxes said...

The scorching divergence on the DAX hourly seems to finally taken hold.. First the euro then equities will get the rope

xerxes said...

Dear Boris....You don't seem to lend much credence to the triangle breakout...

boris said...

Timing wise, this will still fit into Dollar decline into Late April.

So, while a short term term pattern is now is beaten down a bit. It is not out at all. At least not yet.

Besides , I think the move higher in Dollar only makes it more attactive to short it when the time June/July highs come.

Please note the level of 1.1650 is a 61% FiBO and there Are Hourly APS ( second and third just around those levels). We also have Daily around 1.1600 , which may already be exerting the pull on the SWISSY

Good Trading

boris said...

Dear Xerxes, which triangle
?

Good trading

boris said...

There is also another much more interesting interpretation to the lalst 4 days move and that is that it is actully a ABC and ABC, tow ABCs strung together that gives a one giant ABC with a 100% projection at 1.1625
Good Trading

xerxes said...

Dear Boris...On daily price chart of USDCHF you can draw a line from high area on Mar 12th to high area on Apr 13th and lower side line from lows of Mar 19th thru 26th, swiping low on Apr 6th and Apr 13th and 14th...Breakout was greater than 2% over upper line at ard 1.1515...

Ivan said...

Hi Mike,
your pivate page on AS.net site is ready.
Ivan

boris said...

Dear Xerxes, I see what you mean.

No, for now it means nothing to me, but if this setup is not broken down by 24 th April than it may(:-

GOod Trading

boris said...

the Pressure charts say the same things as yesterday, nothing new there and the PCRATIO, pretty much the same as well.

Good Trading

xerxes said...

Big rally in DAX yet euro sailing down the river of hope Dear Boris...

boris said...

Dear Xerxes,
Swissy is showing the completion of an incredible ABCDE formation.

Please wait for that to confirm or break. For now, it seems to me that this selloff in EUOR, ( maginitude unexpected , frankly) is done and over. Watch the areay 1.1625- 11680. This is where SWISSy rallies from, or Endeed we are facing a strong(er) Dollar.

Good Trading

boris said...

Citibank
24(b)illion Profits,

From Trading!(:- Hahahaha!(:-

Did somebody tell you that SOPITALISTS will shake the markets up to transfer your wealth to BANKS( SOPITALISTS) in the form of trading gains?

I shall rest my case.

If you do not understand this, I do not think you should ever invest.
If you do not understand that Financial Markets are nothing but CONSPIRACY ( masked as National CASINO) to take your money!


Good Trading

xerxes said...

Dear Boris...We got within ticks of 2nd LDAP...Rebounds were technical failures...I'm still short :-)

boris said...

In these failures, I had made nice change Dear Xerxes,

I love those failures that retrace 25 cents in 2 minutes(:-

Meanthile I stick with what I said, ThE LARGER ABC is to perfect not to count.

If it does not I do not care either, but I will try to make profits every time they approach there. With 4-5 cents of risk only

Good Tradng Dear Xerxes

boris said...

Please note the above area with upper limit 1.1680 and the third IHAP at 1.1677.

What do you think happened,

Yes, SWISSY hits 1.1677 and retraces 25 cents in less than 2 minutes!

If you know what to look for, you can make very quick money in currenices

Good Trading

xerxes said...

Where did the 1.1680 come from Dear Boris...You mentioned it but from whence did it come?

Klaatu said...

Dear Boris,
I'm unable to sign in to the .net
site. Says I have wrong PW.And no e-mail arrived when I requested it.
Good trading to all.
Klaatu

boris said...

Dear Xerxes,
look at the 1.1676 for CHF in hourlys

Please look at DOT NET Site

Good Trading

boris said...

Dear Klaatu
See your email

Dear Friend Klaatu,
Good To See you.

GOod Trading

boris said...

Now we retraced close to 40 points on this bounce

Good Trading

Klaatu said...

Dear Boris,
Many thanks.
PW worked.
Good trading,
Klaatu

valry777 said...

HI,BORIS
TODAY DAILY APS FOR STOCK MARKET
NOT UPDATED.
VALRY

boris said...

The 5 min APS at DOT NET SITE

boris said...

Dear Valery ,
What makes you think so,
That it is not updated

GOod Trading Dear Valery

Mike Truong said...

Good morning/afternoon dear Boris,

I see a very strong attraction for gbpchf to test the high of the ytd @ 1.75. Will it get there I am not sure but possible it is there. We have bounced off the closing high but not the intraday high. Very interesting indeed...

Good tradin dear friend,

Michael

boris said...

Deare Michael,
We have com off 200 points from the top, That is not bad. Perhaps this is a harbinger of what happens to stocks, as discussed before.

1.75 Is for later this year perhaps. Not next 3 months, in my opinion.

Good Trading Dear Michael

Mike Truong said...

dear boris,

It is extraordinary that we continue to stop at the 2nd DLAP bus station on the Euro.

Good trading dear friend,

Michael

boris said...

Market is unable to make any progress above the Hourly fourth at 866.14 and that could spell down day.

We did have the component of Breakouts were up in both SPX = 31 and QQQQ = 8.

Not an immediate trash level, but if we get one more distribution day, like we would love to see MON/TUESDAY that would be great

Goot Trading

boris said...

So far , so good, for SWISSY,

IT was able to bounce near 50 points from the high area limit we designated for it this morning

Good Trading

boris said...

Probabilities are growing that we may have created Topped in the maret.

Asset allocators should be down to bear bones and short term traders may start nibbling on the short short side

Good Trading

John said...

Boris,

thanx

old john

boris said...

Dear John,
Thanks, And Good Trading
My Very Dear Friend

xerxes said...

Dear Boris...Still short...Weekend near...

xerxes said...

Seems like a sharp snapback rally for euro is a commin'; the dollar move seems conjured/artificial

boris said...

Dear, Xerxes,
I agree, and especially if SWISSY, fails to clear the ABCDE upper line, like it , repeatedly , did today, than We are done here with Dollar rising and could get the counter rally for few says here, somewhere into 25+-1 day into April

Good Trading

John said...

Boris,

Nibbled at short position

thanx

old john

boris said...

Dear John,
Good Luck My Dear Friend

boris said...

Please enjoy
Miracle man Andrea Bocelli & Lovely Sandy

Vivo por Ella

boris said...

EMINI is advanicng to 5th Hourly IHAP at 869 or so, the 870 level contains the line of a "megaphone"

Connecting the highs of 4/6 and 4/13

Good Trading

Mike Truong said...

Dear Boris,

I went completely flat for he weekend waiting for sunday to give me an idea what to do. Right now I am sitting on a dock with a fishing rod and listening to music. Have a great weekend dear friend.

Michael

boris said...

Dear Michael,
Enjoy,
THe Dock and the Music

My Dear Friend

John said...

SITTING ON THE DOCK OF THE BAY--- great song-- Otis Redding - 1968

old john

boris said...

Dear John, Enjoy
You Deserve it(:-

GOod Trading
Dear Friend

Mike Truong said...

Well I caught a 2 lbs croaker so far so it is good.Yes I am actually sitting on a dock in the bay (Newport Beach, California).

Good trading and good weekend everyone

Mike

boris said...

Dear Mike,
Enjoy,
Relly,

We had a "date" with John,
At Manhattan Beadch this January not too far from there.

But I have been too many times to remember... Mostly the area of Hermosa beach, Redondo Beach, A lot of sun and fun and beach ball

Good Trading, Keep the place attractive for us(:-

Good date

boris said...

Dear Readers, Subscribers,

We have, achived most of what we thought Stock Market should do this week and now we are waiting for some air to come of the market, but move a bit higher and and another distribution day or two can not excluded.

On currencies, our expectations were mot met. They were met in therms the pattern , somewhat, but they were not met in terms of the size of the moves.

Nevetheless, the entire pattern is not negated till wi come to around April 25 and see what is going then.

In general, nothing very unexpected happened really.

Good Trading

boris said...

THanks For being With US

Good Tradiang