Thursday, May 07, 2009

Day Two Of Testing




931.91
933.36
935.71
938.64
spx
925.80
924.35
922.00
919.07





All markets are under test today. Everything is at the crossroads. Dollar Strength suggested by our Dollar Asset chart ( see few posts down) could dictate landscape for a while. If Dollar is, indeed, to just get stronger then the consequences are clear. Everything else, more or less down to various degree. Especially EURO down. Some securities may survive a bit better. Like Gold and Stocks Market, but... When/If Dollar goes higher here the only thing good to be in, will be CASH DOLLAR. As traders, we have idea where things may go, but as traders we never risk much to achieve our goals. We do not give here the tactics and details of trades, but we do have them and subscribers only get those.

101 comments:

xerxes said...

Good Morning Dear Boris

boris said...

Good Monring Dear Xerxes
GOod Trading
Dear Friend

alexnewbee said...

Good Morning Dear Boris

dollar is getting stronger, but so is also the rest: oil and stocks. Who is right?
Think we will see soon.

Good Trading.

boris said...

Dear Alex, That is a 60 TRILLION dollar question ( BILLION is not money any more(:- )

This is a traders market ( apart from ASSET ALLOCATORS strategy, which we follow).

As such, it needs to be traded, As such, Yes, we will see and we will test, by placing our trades.

Good Trading Dear Alex

xerxes said...

Isn't today the big Phi turn date Dear Boris?

xerxes said...

DAX is soaring and euro is yawning Dear Boris

xerxes said...

They're using trillions now Dear Boris but I still think a grand is a lot :-)

boris said...

Dear Xerxes, Dollar is certainly having a firm tone and it could dissipate as well, but we gave how to trade it and that is that.

As far as Phi date I do not really follow that, but We have our own turn dates and you know what it is.

Good Trading Dear Xerxes

boris said...

Dear Muthu, I will place the potential turn dates on the DotNet Site.

Thanks for you patience My Dear Friend

Good Trading

boris said...

For All, Subscribers ,
the potential turn dates are listed on the DotNet Site

Good Trading

boris said...

While Dollar is having a firmer tone, JPY seems to also be going down, which is a moderating factor in the market , so far today.

Good Trading

xerxes said...

So today will determine if we eat refried beans or solomillo Dear Boris :-)

xerxes said...

BTW Dear Boris, nice write-up on dotnet today...

xerxes said...

I wonder Dear Boris if USDJPY is forming the 3rd buddha now

xerxes said...

USDJPY looks like a primo short here Dear Boris...

boris said...

Dear Xerxes,
Thanks, Yes, for a short time it may( USDJPY) I mean, but you know where I think this is going right?

Good Trading
SEE BIGPICGURE if you need reminder

xerxes said...

No DeaR Boris...What is the USDJPY story?

xerxes said...

EURUSD & GBPUSD formed stalled patterns Dear Boris so it is time to liquidate longs but not to short...yet

xerxes said...

where is Big Picture Dear Boris?

boris said...

Dear Xerxes,
Every weekend I send you and everybody the bigpicturex.ZIp file.
Please see your email.

Good Trading

boris said...

Dear Xerxes,
Please read the dontnet site.
I am not able to help any of us if I must repeate all issues here again.

Please read carefully what is on DotNet and make decisions accordingly.

I do not want to give answers on the net, at such critical times.

it is unfair to subscribers it is unfair to our money as our potential enemies can/will see what we think

Good Trading Dear Xerxes,

The time, is too critical here to disclose too much. Thanks again

alexnewbee said...

Dear Boris

do you really thind IBs are following financial blogs?

Wanderer said...

Dear Boris,
Good morning.
Thanks.

Dear Hopper,
Thank you. That's what I was thinking too:)

Good living to you both.

Bert

xerxes said...

Last one I have is April 19th...

boris said...

Dear Alex,
I completely believe that there are many floor traders that are following our site, due to its success and popularity.

Definitely.

Dear Alex, here is the problem

Our success comes from picking food in front of the traders that make living being in the markets.
Why? because our stops are so close.

But, if too many people are watching and know the stops are so close ( they always are, because we never risk much), it creates an insentive even for ONE/SINGLE! trader to run the market 10-15 cents to get everybodies money. Ours and all Freeriders. Now 10-15cents is not much to any of us, but when you have 20-100 people with that much, that is a lot of money for 1 minutes work of a suckers that are ALWAYA tracing what we do here.

I do not even have an iota of doubt about what I am saying. GOod Example this morning run on GBP.


Good Trading Dear Alex

boris said...

New BigPicture was sent this weekend.

I will resend to you now
Dear Xerxes,

Good Trading
the date is 05032009_bigpicture2.zip

xerxes said...

Big reversal in sterling Dear Boris...Gold over 921

boris said...

Gold May reverse too.
But GBP just did as suspected and I got short on their "SHORT RUN" 100 pts above

Good Trading

boris said...

EMINI hits the First IHAP. Good Trading

Ivan said...

Hi Boris,
is it reasonable to have your files e.g. 'bigpictures' on dotnet file? You have enough server disk space and bandwith... You could use email if/when the server is down. Only proposal.

xerxes said...

Thank you for the file Dear Boris

boris said...

Dear Ivan,
I still have not figured out how to do files and pictures.

I am just so snowed in, I can not even read your instructions.

this interactivity just takes so much of me!
Good Trading

boris said...

Deare Bert,
Sorry being late to respond to you
My Very Dear Friend

Good Trading

xerxes said...

I like that idea Dear Ivan

boris said...

Dear Subscribers,
REgistrants,

I suggest that you all go to the MARKET REPORT page and (re)read about the GBP trade and see, how the real RUNS on stops work and how one should/have , could have circumvented that

It is educational to all and it matters none that it is GBP.

That is the way the SUCKERS on the floors work. They work on intimidation principles and if you let them they will take your money.

Good Trading

Ivan said...

Server is very slow at this moment.

Boris, I have created new page: Services->Big Pictures. The last BigPicture file is in direcory '2009'. You can add new files if you browse your local disk and upload file.

John said...

Boris,

good morning. the jaws will close


old john

boris said...

Dear John,
Good Morning to you .

Good To hear from you My VEry Dear Friend

waldo said...

Good morning, yes it did come from tony. Thought it said that. I don't take credit for anybodies statements other than my own. waldo.

boris said...

Dear Waldo,

Thanks for clearing that UP.

Good Trading and good to see you back. I do know that you do not really take credit for other peoples statments. I know you are, nbever have been, that type.

My Very Dear Friend Welcome back

Good Trading

xerxes said...

While you were putzing around with sterling Dear Boris, your AP's were free money in the CAD...

xerxes said...

Looks like the buck is in trouble Dear Boris...If it doesn't start gettin' legs soon I would think an avalanche of selling could kick in. But What do I know? I'm just hoping to notice when a 4th AP is hit :-)

xerxes said...

Dear Boris...If you think undesirables are reading your blog, just think if one paid for a subscription?

boris said...

Dear Xerxes,
Frankly, I do not think we can prevent the UNDESIREABLES completely...

But How about trying a bit to diminish it(:- ?

Good Trading

xerxes said...

Well, Dear Boris...We need a private chat area...I'm sure Dear Ivan can slap something together between trades :-)

boris said...

Right after the FEW trends at DotNet, I have placed , now almost unescapable target for SPX
Please read when you have chance the MARKET REPORT page

boris said...

DEAR tricky Trische mentions buy BONDS
EURO goes down

Good Trading

boris said...

GBP Breaking DOWN

xerxes said...

with all the hoopla, none of which wasn't already known, the big winners were down under and gold, so far, anyways....maybe we could get the AUDUSD hourlies Dear Boris... Maybe it will be a winner just like USDCAD

Ivan said...

Hi Boris, 200 MA is 919 on my platform!?

boris said...

Dear Xerxes,
I do not think we can get the USDAUD hourlies now, but we can think of it next time (next week)
Good Trading Dear Xerxes

Ivan said...

The same happend to Gold!

xerxes said...

Next week is fine Dear Boris...

So tricky cuts rates and they run out to buy euros....

xerxes said...

Dear Ivan...What happened to gold?

Ivan said...

Very similar to GBP. Fired Fifth (and stops) and DOWN.

xerxes said...

Should I trust the AP's on the euro Dear Boris and short? Or wait for the 5th?

xerxes said...

There is too much volatility to short euro with tight stop so I'm gonna pass that one....Gold, on the other hand, appears to be a good trade....

boris said...

Dear Xerxes, they seem to be falling one by one
0th JPY
1st GBP
2nd GOLD
3rd EURO?

xerxes said...

Very interesting Dear Boris....The yen in the end didn't move a pip...
Sterling moved 40 pips..Gold a buck...Only the euro is holding on to a 100 pips...but it was a wild ride...

xerxes said...

Will the 5th stop the euro Dear Boris...

xerxes said...

As per your AP's, the euro should run out of gas here for the rest of the session....

boris said...

Deaer Xerxes,
Could run out
Not should runt out

Market is never obligated to do anything

Good Trading

xerxes said...

I stand corrected Dear Boris...

xerxes said...

Euro came near the 5th but I didn't have cojones to short...

BTW Dear Boris, daily gold is gld I guess on your list...Do you need to add 3 to it to get the spot or something else?

boris said...

Dear Xerxes,
Welcome

Good Trading
Dear Friend

boris said...

Dear Xerxes,
I should add
Emini and Gold Daily.

Remind me over weekend so, that I do not forget

Good Trading

Ralph said...

Good Morning Dear Boris,

I am back for a little while.

The Q's and NDX have broken the uptrend line from the March 9th lows.

Is this the turn?

boris said...

Dear Ralph,
Qs have been acting weak(er) lately
Remember what we said in our big picture(you have them).

Qs diverged at the bottom
Qs will diverge at the top.

Now, Qs could gain +.2 cents yesterday versus 16 points onf SPX

OK! is this a warning sign or what?

Look at the pressure chart.
Orange OSCILLATOR is falling throught the floor.

What does that mean. As we repeatedly said the turn in this oscillator ( up) will cause correction in the stocks market, but then there has to come another ( higher) low of this orange oscillator which will coincide Perhpas with the TOP.

You see nothing changed in that forecast. We sat here and watched that ORANGE oscillator move lower and lower and lower

RELENTLESSLY.

We must wait for a first point in upturn and follow the two step scenario described above.

Thanks for you own observations Dear Ralph

Good Trading My Deaer Friend

Ralph said...

Dear Boris,

Thanks for your insight.

xerxes said...

Sticks lookin' bad for the buck Dear Boris...

John said...

Boris,

Many are talking about the 940 area as the top just like many talked about 600 as the bottom. You called 666- correctly. Possible to fall short of 940 as it did not hit 600?

old john

boris said...

Dear John, There is no doubt, it is possible to fall short of that area.

As I indidcated the area of 920 is already a historically very high area to justify for the limited time( 40) days we have been in rally.

There is no, question in my mind, anything above 940 is unprecedented for this time.

So, Yes, while there are some attractions into 950 area, it does not mean


AT ALL

that they have to be fulfilled

Your are right Dear John,
We will be guided by confluences of evnets and APS and TWO STEP PROCESS described and YES

We need to see the RELENTELSS drop in PCRATIO TO STOP( need signs of curling up again)


YOu know we get power with every fact that lines up within CONFLUENCE.

When it comes we will feel it!

Good Trading My Dear Friend

boris said...

DID you all notice that Qs were , at the end, not able to close much above 35, which we indicated in our BIGPICTURE 3-4 weeks ago as the possible area for great resistance?

Please look at the pictures again and you will be reminded why. Right?

Not much escapes, us. We see it all and what the last 3 weeks were , are , GOVOERNMENT ( SOPITALIST) inuced financials rally, just like the decline from January into March 6 was!!!!!!!

Good Trading

boris said...

GBP BROKEN,
Finally.

I think we have deviced a classic play last night.

Agree?

Even with the SUCKER run on our stops this morning, we got the GBP where we thought we would have them.

In fact to some extent so is GOLD and SILVER and Stocks Market and , EURO may join the party, soon?

But let us take it day by day.

I hope that for registrants/subscribers

Our actions last night , this morning, was a continuation of excellence in analysis and more so in actions.

Cause it is what we do that differencitates us

Good Trading Dear Subscribers

boris said...

Well, OK,
GBP may or may not be BROKEN yet,
One hopes it is for shorts. But the point I am making is that it is close to 150 points below whee we should have/could have sold it.

That is not bad.
Not bad at all

It is classic us(ANTISOPITALISTS) to risk 25-50 cents and make 150.

Excuse me! yes this is us.

Good Trading

John said...

Boris,

Bond sales did not go well

old john

boris said...

Dear John

Thanks for the info My Dear Friend,
We must have sniffed something when we made a GIGA call for
Interest rates(:-

Good Trading

xerxes said...

Gold still kickin' Dear Boris...It's the longest nail in the 2x4 these days

boris said...

Dear Xerxes, While Gold reveresed in the morning,
We definitely identified the jump over 920 as a possibility of trend changer and caution against playing this thing too hard on the short side.

Unless it breaks very soon here, it could shoot up. The way I feal about gold is that I know it could collapse, but I also know it could shoot up and I am just like any good trader looking for a place where I can take a position without much risk.

Frankly at this time, I am ready to look for long entry.

Good Trading

boris said...

Cycle wise, I am bearish for next 1-2 months on GOLD/SILVER, But if the market does not prove that then I have to follow SEEFUTURE , which says watch out, this thing could go within few weeks.

So again. Knowlege means nothing. It is how you trader that matters

Good Trading

xerxes said...

You should add SeeFutures to the file Dear Ivan made today for you Dear Boris....

It turns out Dear Boris that your initial thoughts on sterling this morning were spot on...Had one just shorted and shut off the computer they would have a handsome profit :-)

boris said...

Dear Xerxes,
I do not consider this site as a daytraders site,

But I want all of you subscribers to have the tools and feel how it is done.

Hopefully , later you will all tell me what to do!
I would love to live that day.

Good Trading

xerxes said...

Dear Boris....The trade I just described was light years longer than your lightening trades off the AP's :-)

boris said...

Dear Xerxes,
Correct,
Except, I could not execute that trade.

You see the risk involved, I would not have taken.

But being there and doing those "lightning trades" allowed me to make those trades. It was only possible because of outsmarting "THEM" in their "run of the stops".

You see when they did that run and thought there was nobody left to run and headed victoriously lower, that is when I stood there and stuck it to them another short.

it wast to late, the ship was headed south.

You see that is harder to teach Dear Xerxes, much harder.


But then again it takes a willing and agile trader and a lot of "cheap practice"

Thanks Dear Xerxes

Good Trading

boris said...

Watch the 3rd at 896
That could act as initial stop of down move in EMINI

Good Trading

boris said...

Sorry , I mean 898

Not 896

Good Trading

Mike Truong said...

Dear Boris,

Good evening to you. Anyway, I step off the Brutish trade for a bit as I was too emotionally invested in it at times. Actually last night (morning your time) when I saw the hourly APs, I was tempted to put in a sell order betwwen the first and second hourly high APS as they are fairly close together. I didn't make the trade only because I have attempted the same trade several times the last few weeks to bad results. Gun-shy I guess. Now I will wait for confirmation of the downtrend instead of "testing" it constantly. Thanks dear friend,

Michael

Ivan said...

Hi Boris, what could be the destination for this move of SPX? Thanks

boris said...

Dear Michael,
I would like for you , very much to consider this please. Just an advice.

If we were to approach previous attempts in the same context of Double/trpple day top like situation chances would have been enhanced of us being correct.

And one more point

If we were to limit. Strictly limit our risk when we made former attempts, we would look differently on those trades.

Please, Dear Friend.
Please read this couple times.
I am willing to your citique of what we just said here, but , please take few minutes read well and reflect on former trades and this one as a potential.

You do not have to return answer, but think about it My Very Dear Friend. You know very well, the only think I like is for you to do as well as you could possible can.

Just giving you ideas How I approach it.

Remember, I felt much stronger about the entire thing Yesterday that before.

That is critical.

Love You My Dear Friend Michael.
May this little episode enrich both of us , so that we can have much more staisfactory results in future

Thank you Dear Friend Michael

boris said...

Dear Ivan, 3 numbers

890 Somewhat likely
875 Highly likely
850 Somewhat Likely

Good Trading
Dear Friend

boris said...

Please see the AP picture( depicting todays top of emini at AP 4th IHAP).

In the body of this post

Thanks and Good Trading

Ivan said...

Dear Boris, could you add DAX index in the list of Hourly APs you are producing every morning? Only if not big problem.

boris said...

Dear Ivan,
I have a problem with that as , futures subscription on DAx is expensive proposition and DAX itself is not good for such info.

I will think about that

Good Trading

boris said...

So, what is the low for today in EMINI?

Yes ! 898.25

Hahahahaha

GOod Trading

xerxes said...

So Dear Boris it seems like we're ever closer to the day that the buck is cut loose for good...All the competitors suck as well...Somewhere I read that in the NWO they're gonna let Russia stay as it is. So maybe rubles are the answer with a few shares of Gazprom, Severstal and Norisk nickel :-)

boris said...

Dear Xerxes,
That could happen,

Somehow though The Dollar is hanging in there is not it?

It reminds me the July 2007 , when everybody has written the Dollar off..

In any case, it could happen, I am aware of that and today's rise of EURo was not helpful for Dollar, but if this is a one off and EURO is not able to do better, we could start the END OF EURO today, instead

Good Trading Dear Xerxes

xerxes said...

Good Friday Morning Dear Boris...

boris said...

Dear Xerxes,
Good Frieday to you as well.

Good Trading

xerxes said...

Dear Boris...The last post you made yesterday was that we may have seen the end of the euro....I guess I'm not thinking properly but the dollar looks like a sell here against everything except the yen where the dollar looks like a buy.....At least for the opening of the european session...

boris said...

Dear Xerxes, Possibly, yes and I bought some SWISSY, but I do not see yet the end of the Dollar.

Good Tradin Dear Xerxes

boris said...

Let us move to new Post please

Good Trading