Saturday, April 18, 2009

In Late Phase Of Distribution?











I beliveve that we are in the late phase of distribution. In the markets. Will patience be rewarded here?

91 comments:

John said...

Boris,

Good morning. As I stated yesterday, nibbled on the short side. I think a little patience will be rewarded.

old john

boris said...

Dear John,
Very Good Morning to you
My Dear Friend.

Enjoy the, tea party?

Was there one in Arizona?

Good Trading

xerxes said...

Dear Boris...Seems like a whole lot of people spend their lives trying to sell ice cubs to Eskimos instead of thinking how to separate cash from swollen over funded egos:

Obama said Cabinet officials already had begun cutting back unnecessary expenditures, including a consulting contract to create new seals and logos that cost Department of Homeland Security $3 million since 2003.

Still short Dear Boris....

Dear Bris...you have some obama list but their is no "tricky treat list" :-)

boris said...

Dear Xerxes,
YOu have an assignment,
Can you please calculate how many milleniums will it take to pay 100 Trillion debt with a 3million dollar savings a Year, provided the Totall debt no more grows above 100 Trillion???

(:-

Good Trading

John said...

Boris,

There was a fairly good sized one in Phoenix. It is amusing, most people still do not get it. Some of the people in my new neighborhood ( just like the old one) think I am crazy because I tell them that this is one big scam.

old john

boris said...

Thanks Dear John,

Good Trading Dear Friend

waldo said...

Well good morning all, am taking a break waiting on my son to show up and give his seal of approval on my construction projects that I have undertaken. I have taken it about as far as I can go. Sorry I didn't answer you the other day Boris about the financials that you questioned me on about posting in your aps. I believe about all the etf's follow the bkx so the bkx would probably do the trick or fas and faz would also work. I read in the paper that some places are shut down schools and laid off all there teachers because they have no money. waldo

boris said...

Dear Waldo,
Thanks, All I can say Dear Waldo, is that that is all for good.

Remember we discussed the remote learning, where a well qualified INDIAN/CHINESE teachers teach over the internet. That is what is coming and kids will better off, rather than working with overpayed Government Emloyee ( SOPITALIST) teacher.

Good Trading My Dear Friend

John said...

Boris,

Remember what George Carlin used to say that THEY do not want you to learn. I wonder what impediments THEY will put up to prevent internet learning.

old john

boris said...

Dear John,
The only thing they can do is to "INSTRUCT" in a frendly manner the SOPITALIST counterparts in INDIA/CHINA that they should adopt "AMERICAN WAY OF (not) TEACHING"(:-

Other than that I do not think they can prevent it!

Good Trading

John said...

Boris,

I agree, the internet greatly enhances as George would say" critical thinking"

old john

lagscrew said...

http://1.bp.blogspot.com/_SxZuN3tlxbQ/SengY5X2aoI/AAAAAAAABXU/1rKdJvNDCGs/s1600-h/RCH_Timebomb_Chart_02.jpg

lagscrew said...

http://www.slate.com/id/2216238/

xerxes said...

The headline in the Wall Street Journal says China grew at 6.1% last quarter. That doesn't sound bad. But what was not in the story is that nominal growth was just 3.7%. The other 2.4% was because of deflation. To get real (after-inflation) growth you subtract inflation and/or add deflation. Growth in China is slowing down more than the headlines suggest.

xerxes said...

Banker X: I think, given the nature of the business cycle, we'll see gold put in a top over US$3,000 and silver over US$150 at least. We may not see these tops for several years, or even a half-decade or more. It depends on how much money the Western central banks are willing to throw at the economy and the nature and extent of the resultant price inflation. If we see a price hyperinflation, and we may see one, then money metals prices could rise even higher than I've predicted

lagscrew said...

I have made 1 indicator that has only dropped once in 3 yrs when market is going up (then market tanked)

It has just done it again the last few days--thus my shorting

xerxes said...

Dear Lagscrew....I was expecting some kind of bounce in EURUSD today but instead we get a gap down and more selling...Strong dollar, weak equities...

boris said...

Dear Xerxes,
Hang on,
I believe we will get at least a couple days decline in DOLLAR into 24 April or so. So, Just wait.

Good Trading

xerxes said...

Good Morning Dear Boris...I'm still short and not sure what to do

boris said...

Well, the Dollar is getting week and will get weeker, at list till mid week.

What to do is upto you.

Good trading

boris said...

I worte, yesterday, in the Israeli business parper globes

www.globes.co.il

the following

AFRICA is the Short Of lifetime around 10.5.

The stocks shot up from 2 In March to 9.7xx yesterdays when I wroute that it then proceeded to the lows of today around 35% at 6.3xxx

Yes, Virginia, There seems to be w world conspiaracty to inflate stocks, but So far, it seems to have a hard time working

Good Trading

xerxes said...

Dear Boris...What more need I know :-)

boris said...

Sorry, I meant to say

Of course(:-

Dollar is getting WEAK , against ERUO currncies ( that does not include GBP though). Just ERUO and SWISSY

Good Trading

xerxes said...

Dear Boris...I didn't see anything about Africa on dotnet :-)

boris said...

Dear Xerxes,

As I said, i wrote that at
http://www.globes.co.il
In ENGLISH and in HEBREW
Good Trading

xerxes said...

Dear Boris...With a crashing DAX I can't bring myself to buy the euro..

xerxes said...

Dear Boris...Looks like we conflate ard DAX 1st or 2nd DLAP with Euro 4th HLAP..Staying with the trend...

boris said...

Good going Dear Xerxes,
I Think thought the trend is exahuating itself.

I still think what I always thought. 24 April should make high in eruro and it has to start sometime.

Perhaps soon now

GOod Trading

boris said...

One Thing is clear,
The ABCDE ( bigger one) in SWISSY has given it up on the E the top of that range should have been 1.1680 and wer higher than that. It could just be a trap, but fact remains the ABCDE is not looking perfect or does not exist any more so, the resistance is now 1.1771 or so. If we were to move on Upside ( quote) or downside (price)

Good Trading

boris said...

Meanwhile the stocks are correcting nicely upon our call to go down. Pehaps, when/if stocks exahuast downside today/tomorrow that would create a more favorable situation for stocks and EURO to rally together info late week

Good Trading

John said...

Boris,

Good morning , by looking the futures the Bus has arrived.

thanx

old john

xerxes said...

Dear Boris....I'm with you on the plan...The Euro hasn't followed the last move down in the DAX...Maybe that relationship is for the dustbin now...Hourly trend is mixed but as I started using DPO, it has kept me short the euro so I'll keep using it for the time being...

xerxes said...

Dear Boris...You nailed the DAX as you did the euro earlier :-)

xerxes said...

DAX keeps sinking Dear Boris while euro not moving much...

boris said...

Dear Xerxes,
Noted,

US market is also sinking , WHile SWISSY is stronger.

GOod Trading
Perhaps this is change the announces character change of the market.

xerxes said...

Wonder who's buying euros with the DAX in freefall Dear Boris...

boris said...

Stock Market at fifth.

If it gives, we could go hard towards 810 !

Good Trading

xerxes said...

UBS sold its Brazilian arm for 2.5...Wonder what the legs and culo would fetch :-)

John said...

Boris,

810 would be great - have a small amount of QID
old john

xerxes said...

Do I need to reset my clock...US markets are still closed Dear Boris...

boris said...

Dear John,
Congrats, Patience pays.
And You have more patience than I can ever master(:-

Good Trading Dear John,

boris said...

Dear Xerxes,
It is a 8:30 ET now,
That is one more hour to OPEN 9:30 ET

Good Trading

xerxes said...

Leading Indicators coming in 1/2 hr Dear Boris...Shoukd we expect some volatility?

boris said...

Definitely Dear Xerxes,
We should expect volatility.

Good Trading

boris said...

Dear John, Place a n intelligent stop, to capture profits as LEI may cause big gyrations. You may want to either stay very far, at break even adn see if market falls apart futher, or place a close trailing stop and get out at the news

Good Trading Dear John

xerxes said...

Dear Boris...Don't know what the news is but I'm still short...

boris said...

The 5 Minute Intraday APS have been published at DOTNET SITE

Good Trading

John said...

Boris,

thanx

stops are in

old john

xerxes said...

Another Hourly AP bites the dust Dear Boris...Not many left :-)

xerxes said...

When Tricky said he wanted a strong dollar I didn't think he meant ASAP Dear Boris....Either that or the LEI mean something to somebody ...

xerxes said...

Looks like maybe it's done for now Dear Boris

xerxes said...

Headline: USD rally has much more to run...

boris said...

Dear Xerxes,
Those headlines come out at wront times

At least temporarily so
Good Trading

boris said...

Well, our Recommendation to "NIBBLE" at shorting stocks was right on target.

Of course that contradicted the STronger EURO idea, but It may be easier to play that idea now as stocks may stage, at least a temporary recovery next day or so.

Good Trading

boris said...

And I would not discount the possibility of Dollar and Stocks Going down for a little while anyway

Good Trading

boris said...

Today was the day when the Stock market accedded the 5th Hourly ILAP by the biggest margin since the rally started March 6 ( at 666, remember that?)

Good Trading

xerxes said...

Dear Boris...Despite the rally, the buck hasn't issued the coup de grace to the euro or franc...Will it come or will the denouement yet be toilet paper....

boris said...

Dear Xerxes,
It has a potential of coming,
First though we have the see the character of the decline in Dollar inot next few days to get an idea where we could go next

GoodTrading

boris said...

Stock market though looks pathetically lelthargic.

Good Trading

xerxes said...

We had an exhaustion stick on the hourly so a bounce is in the works but the trend is still solidly against the Euro Dear Boris, although that could change muy rapido...

boris said...

EL trende d 5 minutos i 15 nimutos Cambio Mui Repido Me Amigo.

Gracias, Amigo Xerxes

xerxes said...

Is this some sort of joke Dear Boris?

President Barack Obama convenes his first formal Cabinet meeting Monday and will ask department and agency chiefs to look for ways over the next 90 days to cut $100 million out of the federal budget, a senior administration official said.....

The federal deficit for March alone was $192.3 billion, and $100 million would represent about one-twentieth of 1 percent of that. Obama has brought forward a $3.6 trillion budget for the 2010 fiscal year, beginning Oct. 1, a proposal that would produce $9.3 trillion in deficits over the next decade.

John said...

Xerxes

No joke about Obama- he is just a chicago pol. I laughed when I read it, typical Public relations BS

old john

boris said...

What can I say, Dear Xerxes,
Art of theft needs smily and trustable face.

I am truly amazed that people trust just any pretty face, just without understanding the details of what he/she represents.

It is clear that Dear OBAMA, however , presentable and respectable, is either stupid and do not know that he is ruining the country or he is just part of deception hoisted on American people by bankers who steal from us every day.

Good Trading

xerxes said...

There still flogging the DAX, pushing 4% Dear Boris

xerxes said...

Dear Boris & Dear John....What I thought was hilarious was how Homeland Insecurity was gonna do their part to save money by buying 5 years of paperclips up front instead of annually...LOL....

xerxes said...

Euro still struggling Dear Boris...Could we see a low price gaping play unfold on the hourly?

John said...

Boris,

Obama is not stupid. He is just part of it. The likeable guy that THEY need to do their work. About 2 months after he won election to the senate, his wife got a 360,000 a year job as VP at University of chicago hospital. enough said

old john

boris said...

Dear John,
Thanks

Good Trading Dear Friend

waldo said...

Well my 2 cents, no I don't like all the spending and bullcrap they are pulling but in order to save a dollar it must start with saving the pennies first. waldo

waldo said...

Did anyone see 60 minutes last night on tv? They have discovered how to create a cold fusion technology that would elimate fossil fuels for homes and cars. Several scientist has been working on this technology for years and Israel scientist has discovered the process on how to do it. This would totally wipe out the wealth in the oil rich countries that has screwed the world with there price fixing. waldo.

boris said...

Dear Waldo,
Thanks, I have not seen it, but will explore. Even though, I think that this technology may not, yet, be compatitive costwise, or Israelis would not be so happy to have disocovered some GAS and OIL bear HAIFA , norhtern big city of Israel

Good Trading Dear Waldo

As for spending, one can not save if he/she spends more than income.
I am sure of that.

xerxes said...

Dear Boris...While fooling around with the single currency today, I didn't notice the easy pickings with gold....

boris said...

Dear Xerxes, Yes(:-

Good Trading

waldo said...

Well that is surely a true statement and the govts are surely spending more than they are making from the taxpayer. waldo.

xerxes said...

Speaking of LENR Dear Boris, as a rocket scientist, what's the story with "Joe Cells"...

xerxes said...

Dear Boris...How about a heads up once in a while...You could say something subtle like..."Ho hum, need to go to the dentist today so he can glue in my GOLD inlay that fell from my molar..." I could pick up that hint :-)

boris said...

Dear Xerxes,

In FACT, YOU HAD that. If you took seriously what I read, you would see it. Please look for GOLD in this comment page(:-

Good Trading

lagscrew said...

sorry for late post--out of most shorts at FAZ 11.12 ( still have 1/2 left)

out of gdx at 32.66-68

I was 80% of funds short-so was way overexposed

lagscrew said...

made a killing today--sweating bullets last week

boris said...

Good Luck,
Dear Lug
Congrats

GOod Trading

waldo said...

Boris I sent you a clip from the cold fusion episode of 60 minutes. waldo

boris said...

Dear Wadlo,
Thank you very,very much.

Good Trading My Dear Freind

lagscrew said...

all cash--hope to just do 1 trade a day and get out

Mike Truong said...

Good afternoon Boris,

Antispotalist.net is down now. Did Ivan give you a heads-up to why? Thanks and good trading dear friend,

Michael

boris said...

Dear Michael,
It is back. The site is back

I guess the hosting company had some problems.

Good Trading

boris said...

Dear Subscribers,
It feels good that after buying the market at 666 we identified the Sell point with incredible precision when we expected 87x level to be a resistance and area to start nibbling on the short side.
We should be happy, that we have the tools that keep us alert and focused like a laser on goings on in the market.

Congrats all.

We hope that what we have accomplished till now will continue, because, what got us here was , no doubt some luck, but a lot more hard work and patience.

If we keep up doing same things we should have similar results.

Good Trading

jimww said...

Dear lag Way to go , I was getting worried for you. Let us know if you leaving the board Ok . I think you have real talent for tradeing but I know it is stressful. Jim

Hopper said...

Go WBR Go

boris said...

Dear Hopper,
Yes, it seems to be catching the tail of the bottom area is not it?

If so, we are not done going down till 2X April.

Good Trading Dear Hopper

xerxes said...

Good Morning Dear Boris....
Maybe you can start a new page :-)
Range-bound trading today Dear Boris?