Thursday, May 28, 2009

9% UNG, In A Single Day, Subscribed Yet?

click->http://english.pravda.ru/opinion/columnists/107459-0/
Very Interesting Article Showing How Russians Thinks Of America(ns). Dear John, gave us this address, which among other things says:
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. the world will only snicker

Virginia, We Have Come Long Way

44 comments:

xerxes said...

Good Morning Dear Boris....

You Said : Agree Dollar is giving it all at this moment. At least it has not broken down. That which does not go down , may as well go up!

I say: There are 2 ways to view this, as you stated above, or, to think that after being crushed from 1.2960 to 1.4040 all the buck could mount as a repartee was 50 pips...So what can't go up will for sure continue its downward decent :-)

xerxes said...

Dear Boris...Any news on the oscillators this morning?

boris said...

Dear Xerxes,
Working on all

GOod Trading Dear Friend
Xerxes

Ivan said...

Dear xerxes, USDCAD on First DAILY Low AP!

xerxes said...

Dear Ivan....Unbelievable isn't it..
It appears to me that the Cad has been leading the fray against the buck...Gold now at 970...Time to administer last rites to the buck Dear Ivan?? :-)

xerxes said...

Dear Ivan...Gold approaching 5th hourly...Maybe today is the final blowoff...:-)

Ivan said...

Dear xerxes, I thought you could trade this AP for CAD and collect 20-30 pips. I don't know... Things are overextended... USD reaction is closer and closer, in my opinion. If we have down day in stocks today, USD will be back, at least temporarily...

xerxes said...

Yes Dear Ivan...I wasn't watching the CAD this morning as I have chores that are keeping me away from the screen....
I don't know what will happen...Dear Boris tells us to test away...
Despite the fact that there is massive deflation from credit contraction/destruction it seems that the thinking is that the vast increase in base monies will cause lots of inflation soon, and with interest rates being kept low, one must sell the buck and buy equities/commodities just to save yourself...I'm thinking that the litmus test is 875 and 930 on S&P...Below the former, a decent rally in the buck. Above the latter, curtains for the buck...But Dear Ivan I'm almost always wrong, although I keep trying :-)

DXB said...

FYI
as of last nights closing compared to one year ago:
USD up 11.48% against EUR
USD up 19.38% against GBP
USD up 12.66 against CAD
USD up 5.32 against CHF

I think this is a buying opportunity on any timeframe

xerxes said...

Dear DXB...Yes, an opportunity to buy antidollar :-)

xerxes said...

Dear Boris...You only have 4 dailies for gold, etc...Maybe you should have 6 or 8 :-)

xerxes said...

They say that in real bulls there are no meaninful pullbacks to get on the train...Not true, gold pulled back a dime, a shiney dime as well :-)

Ivan said...

Dear xerxes, I think it's too early for pullback. The real action starts always in NY morning. Be patient! It seems to me all is in place: GBP, Gold,CAD, EUR,... for counter-action.

xerxes said...

Dear Ivan...Euro will take out 1st daily any second here...I suppose it won't make 4th daily today...maybe monday :-)

xerxes said...

Near 2nd daily on euro Dear Boris... 4 pips a minute over last 15 minutes...not bad change for euro bulls..

alexnewbee said...

I think GBP is a good short now. I try it at 1,6170

boris said...

Dear Alex,
Sounds good,
Need keep close, alert stops

Good Trading Dear Alex

alexnewbee said...

if it goes below 1,61 I will double the position and put a stop at slight profit, ard 1,6130

boris said...

We are in the danger area here, if we stay here for too long ( 60 minutes!) we could go down hard.
Good Trading

xerxes said...

Are we gonna hit 3rd daily on EurUsd today Dear Boris...US session is young :-)

boris said...

Dear Xerxes,
We shall see.
We are watching together right?

Good Trading

xerxes said...

Haven't been able to concentrate today...other things to do...bummer really...

boris said...

Me too Dear Xerxes
Too many calculations to complete(:-

But have managed

Good Trading Dear Xerxes

xerxes said...

Today seems to have been about crushing the buck and nothing but crushing the buck...Equities barely moved...Bonds up a bit....

xerxes said...

Yes, too many calculations Dear Boris....Let's see, sold a mil at 1.395 reversed at 1.416...So where are you taking your wife tonight :-)

boris said...

Agree,
That is the kind of day.
You see now, why I Never wanted too much against EURO, even as short term pattern was/is indicating rally into June/July.

Short term patterns get crashed by the longer term patterns. Which, see SHEKEL projection is calling for down TIME

Good Trading

xerxes said...

S&P is down for the day right now but the chaim shell ha buckeroo bzevel Dear Boris :-)

xerxes said...

I really can't "see [why the] shekel" rises Dear Boris...I remember when prices changed twice a day in the markets and to survive I had to hang out at Mea Sharim lachleafing like mad with the local "banking community"...My first introduction into the world of fx Dear Boris :-)

xerxes said...

So Dear Boris...Do we have an official breakout in gold having smashed the fibos or do we have a headfake??? You don't need to answer :-)

boris said...

Dear Xerxes,
You need to translate that to me one of these days(:-

Good Trading Dear Xerxes

boris said...

We had a trend break out quite number of days, in gold.
So, we are back to two type of trading Trend Following and Contration.

We all chose to be certain kind of traders.

I prefer to be a trend follower in asset allocation, but in short trading I like the contrarian approach.

each person and his/her style Dear Xerxes
Good Trading

xerxes said...

We had a trend break out quite number of days, in gold.....

You said it was a "sucker's" rally Dear Boris :-)

boris said...

Dear Xerxes,
I said that before the gold supported on the daily channel.
Then I suggested that I do not want to be playing it, but the trend was clearly indicated as UP.

I hope you do not skip this information in the www.antisopitalist.net

Good Trading Dear Xerxes

boris said...

Actually Dear Xerxes, to remind all of us,
the next day I said that GOLD dropped 17 Dollars and then supported on the daily channel, which was at least an indication that gold was not ready to break down. couple days after that the trend changed to the upside.

I still did not think that I was going to plunge on the long side, because, at this time SEEFUTURE is anticipating a sideways move .

Good Trading Dear Xerxes

boris said...

To refresh your memory Dear Xerxes,
The day after I got complements from you, that gold was doing so, well,

In fact , the context in which this was said was the one where the asset chart was shown and my statmnet was actually conditioned.

I said Until I was to see the oscillator reading ( pressure) above 80, I viewed the rally as a suckers rally.

There is point though that every suchers rally becomes real rally.

We provide enought information for you to know that trend changed when gold was able to break to new highs from that big drop day.

So, that is the context of that statment Dear Xerxes

Good Trading

Mike Truong said...

I think this rally in fx and metals got a lot of people perplexed. We are so "conditioned" to see correlation between usd weakness and the equities stronger but it is not working today. I think we may be entering a period of time where some of the antidollar relationship may be shifting i.e. stocks and usd goes up and down together. It may be best to start thinking like the sopitalist if one is to make money in this market or follow boris's accumulation model. Another strange correlation that is "wrong" today is that bond yield when down but equities went down too. I would have expected a huge rally with the yield down as much as it was.

Good trading dear friends,

Michael

boris said...

Dear Michael,
You are right, beyond contest.

Absolutely my friend. I have realised the things You just say before the bear market started.

Remember, I asked question , are we in cyclical bull market within secular bear or are we in bull market.


The question is not chancy or stupid.

Truth be said, we most likely are in the first and that means we may have number cyclical bull/bear runs within it. And changes of seasons and relationships and perplex(t)ion(:-

Yes, my Dear Friend. That is why I went for YIELD.

It always works. ESPECIALLY within the UPDOWN cyclycal markets.

Dear Mike thank you My Dear Friend

Good Trading

boris said...

Today, the markets have been slow and low volume.

It is hard to sit and watch markets like this. As the liquidity is not there for any kind of in and out action.

If you were to have many days like this, you will realise the truth about markets, Michael just stated and I have been trying to instill in my readers, subscribers minds.

Good Trading

Mike Truong said...

I still expect a serious sell-off of the metals next week as well as equities. I have been following the game plan from the 2001 chart and is saying a long summer of doldrums with a downward bias. I think Boris is correct in the chart he posted in that this will frustrate bears and bulls alike. I think I will just enjoy my summer or buy longer dated puts (1.5 to 2 years LEAP) and go enjoyed life. GBP is dead after this turn up and so is EURO but I am not going to get in front of this train until everyone is convince that the dollar is dead.

Good trading dear friends,

Michael

xerxes said...

Stinky and Porky shot 2% in the final hour...Had to catch up with the earlier Euro run...

xerxes said...

Dear Ivan...You once asked about tourism in Iberia...Today I needed to rent a car...I know everybody that rents in my area...They all told me the same thing, Geez xerxes we are sold out to mid June or even July...No cars...I finally found someone that had a car, at the airport, some 75km away, a Peugot 107 (or was it 106) for 300 euros a week...I said, for that piece of s*it I'll hire a taxi...That was their last car, so I was told....Some crisis :-)

tim9lives said...

Hello dear Boris and friends. Just watching this Gold market go crazy. I guess I have been very wrong,,,,as I am on the Deflation side of the argument,,,,for I think Trillions of Dollars vanished into thin air. I personally did not feel we have a huge inflationary argument,at least not just yet,,,and also even though dollar in trouble,,,I look around and see other parts of the world in bigger trouble.
Anyway,,,I'm still on the sidelines,,,just have a few Gold equities,,,no futures. So easy for me to be wrong,,, no Pain :)
For what it is worth,,,Gold needs to take out 989.60 high which was put in 7/15/08,,,if it can not take that out,,,I guess we have classic Head and shoulders top,,,which will give the Non-Gold Bugs lots to talk about. Anyway,,,gold has bee so strong,,,at the same time I would not be surprised to see it take out 989.60 and more.
Have a great weekend my friend Boris. Good Trading--Tim

xerxes said...

Dear Boris....WE've come to the 50% retrace of the entire move from 1.6ish to 1.23ish on eurusd...will this offer an opportunity for usd bulls or will they get steamrolled... Bernanke said sell so although it is a good test point, i'll keep my finger on the trigger during the entire test...i'm also wondering who's buying dollars, aside from DXB....

cezarfi said...

Dear Boris&Everyone,
Long time no see you. I took Boris advice and left the short term
trades for a few long term moves per year (very relaxing).
However, after I´ve read this: http://tinyurl.com/nfnd9y
I thought, it is worth showing it for you all(in case you did not read it yet).
best rgrds to all