Saturday, April 04, 2009

CLose But No Cigar




Close but no Cigar, we are seeing signs of market being really, really tired, but no rollover yet,


Frankly, the likelihood that next week will be higher than last week are not high.

43 comments:

John said...

Boris

good morning

old john

boris said...

Dear John,
Good To hear from you.

It has been a while.
What is new in your life my Dear Freind.

How is Arizona treating you.

Good Trading My Very , Very Dear Friend

boris said...

Market is skillfully avoiding change of status in any of MDS systems, but it is now closer than ever.

Good Trading

John said...

Boris,

Arizona is great. Still patiently looking for a house.

One more day of distribution to get everyone excited?

old john

boris said...

Dear John,
I know you are patient man.

It will come to you.

Good Trading

John said...

Last real estate deal left a bad taste. No hurry now. All the increase in home sales are foreclosures.

Probably going to short the market monday or tuesday , coffee money as you would say.

old john

boris said...

Dear John,
We are probably going to be supported by more evidence by the end of week , that market needs to be sold.

the only thing really has a strong hold on me the anticipation of some more Dollar decline. If I was not held up by that I would be more assertive advocating selling for short term traders.

We shall see, if the market does not make big moves up and Dollar comes down, towards the end of that Dollar decline, we could be in a good position to short the market.

This may take anywhere from 2-7 trading days and that is my hold up.

of coures, in between market could get into a bit of gyartion up and down.

Good Trading

John said...

Boris,

I understand. Maybe the nonsense with the North Koreans will have some people running to the dollar, only to have the thieves sell them the dollars with every intention of buying cheaper in a week or two. We will see tomorrow.

old john

boris said...

Deare John,
Good Point about Korea,
Perhaps it send JPY down too.

Good Point Dear Friend

xerxes said...

Good Evening Dear Boris & John....

I thought you bought a house already Dear John???

boris said...

Dear Xerxes,
Hi, How are you Dear Friend
Ready to battle the markets again?

Good Trading

John said...

Xerxes,

I did but after the inspector found many faults, I backed out of the deal. It cost me 290 for the inspection, best money I have ever spent. I think I was being pushed by my darling wife and almost made a costly mistake. Now, I will be patient

old john

daveo said...

Ivan, I hate to be a pain, but either I've completely lost my mind and can't remember my password, or it didn't take the first time I registered. I've tried to get it sent to me, but it never arrives in my email. If you get a chance, send it my way please. Thanks, Daveo

xerxes said...

Dear John...Seems that buying houses is like trading...got to be disciplined :-)

Dear Boris...I'm long at 1.3502...I had a buy stop hit...I'm wondering if we hit the 2nd HAP from Friday...
The uptrend line from early March was violated to the downside on March 29th...now the euro is running up to it from below...The euro could test its recent high at 1.3737 max if not rejected at the trendline circa 1.36, then I short...I put in the buy stop as there was a hanging man stick on the daily, a normally bearish stick and only wanted to be long if the hanger was invalidated....

lagscrew said...

goood UUP ($) chart

http://lh3.ggpht.com/_APmrYvpA45s/Sdj-5c_pwxI/AAAAAAAACro/7hymbNpz9nY/s1600-h/image%5B17%5D.

lagscrew said...

On Market

my fast indicators are topped friday and slow are very close

Mike Truong said...

dear xerxes,

I see you got the Euro dial in pretty good while I got the GBP correct so far. So you see 1.37 for Euro? I think we will hit 1.5035 for GBP before reversal. I am holding on and waiting to short there. I know that Boris is is bullish on Swissy but don;t you thinka correction is needed if we are going into an equities correction?

Good Trading dear friend,

Michael

lagscrew said...

watch Goldman Sax about 120+ --LOOKING RIPE THERE--expect Monday to be a high (cycles)

xerxes said...

Thanks Dear Mike for your kind comment....I think the euro may rise some more as I described above.. However, there are divergences on some time frames that could cause a setback at any moment...I guess I'm cautiously optimistic here and now but I won't take my eye off the screen....When Boris says equities are done, the buck will commence its rally and Boris says the S&P500 is living on borrowed time :-)

Dear Lag....great chart...Are those charts updated real-time? I hope I'm not being too brash if I ask what the tariff is for that chart service...I'm looking for real-time DAX charting at the moment...

John said...

Xerxes,

It is great. The same people who were selling subprime mortgages are not handling foreclosed homes. Some of the homes are in pitiful condition. Upscale area and they previous owners have pulled out all the copper plumbing, taken the appliances with them. All of that nonsense.
You are correct about being disciplined, I let the wife get me carried away. Not the second time.

old john

John said...

I was meaning to write- those that sold subprime are now handling foreclosures.

boris said...

Dear Friends,
How many people in the forecasting business would have had the guts to call GOLD down EURO up call?

Can you show men one?

I am actually very curious.

I am looking for specific comnbination

"GOLD DECLINES IN TERMS OF EURO" WHILE ALSO
"GOLD DECLINES IN TERMS OF DOLLAR"

Good Trading

boris said...

Dear Mike, remember,
I am shorting the GBPCHF and that has gone nowhere of rlast couple days.

And I want to short more.

I think even GBPUSD will collapse soon.

Good Trading

boris said...

So Far CHFXXX is all going up

CHFUSD
CHFGLD
CHFJPY

ETc

Except CHFGBP is holding up here after some move up. That is temporary.

Good Trading

boris said...

Next Bus station for EMINI is 875 or so.

Good Trading

lagscrew said...

Xerxes,

that chart is from COBRAS web site

lagscrew said...

Boris I see the same on 875-but I believe it should have releaved it self before going there as it may terminate the big move up.

It may be one hell of a wave 2 down I guess

hate to be so bearish but I have a heck of a time justifying any thing above that

lagscrew said...

Xerxes,


Use UUP for real time $$ ( its an index on it I think)

lagscrew said...

real time currency

http://www.netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx

lagscrew said...

click on one

you can do lots of stuff here with indicators ect

xerxes said...

Thanks Lag...
Cobras web site? Never heard of it...The chart says it was made in stockcharts...

xerxes said...

Dear Boris...I had to cash out with a sorry 19 pips gain....

tim9lives said...

Hi my friend Boris.
I am happy you had a nice trip/vacation.
A little time off does wonders for us all. Things getting better for me, as I took profits in Swissie and then shorted Yen.
Wow--2 good calls back to back. My shattered confidence a little better now.
Actually,,,,I think many things have improved for me. Maybe I needed to have that bad streak of luck to check my humility.
Anyway, I feel much better now and should be ready to re enter the markets full speed in a couple of months. Finances much improved. And even though they were a little strained, I have no mortgage, so that was my real savior. As long as I have a roof, I was in good shape.
By the way, to economize, I took up bread making. Ummm- everyone in my family is thrilled to have me bring them some warm fresh nutritious home made bread.
So, all is good. And yes, thank you again for that Swissie call of yours as that was my first trade where I decided to enter markets again after the meltdown. Hopefully next month I will re subscribe my friend.
Thank you --Tim

boris said...

Dear Lag,
Thank you fro your, always excellent insigths

GOod Trading My Dear Friend

Dear Lag, you know when we say station, it is correct the station is there, the bus may never go there though(:-

Thnak you Dear Friend

boris said...

Deaer Xerxes, I think prematurely.
The way I se this if we do not make the move here in currencies then move up in Dollar may also be muted. Stop though should be below 1.3 on EURO and 1.15 on SWISSY.

Good Trading Dear XERXES.

Besides you know the way I am...
I am always happy if the market goes down I buy more and if the market goes Up I sell more.

What a concept.

Never dull moment.

ONly when one thinks of it as a very short term trade this fun is gun(:-

boris said...

Dear Tim,

Good To see you in good spirits My Dear Friend.

I think You have made a good selection. Of all the currency trades, I was most confident JPY spreads. I have CHFJPY which is making money.

Good Trading Dear TIM.
Thanks for being with us

Ivan said...

Hi Daveo, please check your mail box.

boris said...

Dear Ivan,
Thanks for helping Dear Dave out

Good Trading Dear Ivan

TwinGems said...

Hi Boris,

So you don't think the market will really turn until it reaches 875? Would you trade the bullish bias here?

Thanks
Carol

boris said...

Dear Mark,
For a very short term, of 10minutes to 1 day anything can be traded. Just follow the ST readings.

But No, I am not a trader, at least, I do not do it online anymore. I do it for me quitely.

As an investor, No I would not trade long side of this market here. I prefer to unload if I had extra stocks, but I do not.

I unloaded most of that 50 points before here. We got out early, even as we captured 90 points on average. Such is life. We never look back. Looking forward we have nothing to sell and we will not go short ( at least online).
So, not long and/or short positions for us, until the signals become very clear again.

Meanwhile those who bought the YIELD ( list of stocks provided at the bottom of NOVEMBER) are doing well and making money.

Good Trading Dear Mike

TwinGems said...

Hi Boris,

ES already below Intraday Hourly...go to Lower Attraction Points on Daily?

Carol

boris said...

Dear Carol,

Looks like it to me,
We are going for that area.

Good thinking Dear Carol.

You are now an official Attraction Points Trader

Good Trading

boris said...

Interesting peace of info pointed by Dear John

SACK EXECUTIVES?

Good Trading , Thanks Dear John,