Tuesday, May 12, 2009

Market at crossroads, but not done








910.97
912.95
916.16
920.16
spx
902.61
900.63
897.42
893.43





Economic News coming












Dear Readers, The market looked like crached yesterday, but every time it does so, it comes back. We need to see one serious crach to start counting down the top in the market. The PCratio is on the Bear Side now and could remain that way for a while. So, While market may have uphill battle , it is not ready to give up either. We need one or more MDS cycles to see market crack and will be looking to our turn dates to check up on those conditions.

32 comments:

xerxes said...

Good Day, once again, Dear Boris :-)
DAX still rising this morning...Bets placed on this Tuesday espectacular extravaganza....

boris said...

Antidollar seems to be losing it Dear Xerxes,
Good Trading

boris said...

EMINI turned on 5th!

Good Trading

xerxes said...

Dear Boris...Sometimes looks are deceiving :-)

xerxes said...

Dear Boris...I thought those Emini futures were bogus

boris said...

Dear Xerxes,
Not for those who trade it(:-

Good Trading

John said...

Boris

Good morning

old john

Wanderer said...

Dear Boris,
Good morning.
I hope that you are having a great day.

Bert

boris said...

Dear John,
Good Morning to you
My Dear Friend
Good Trading

boris said...

Dear Bert,
Very good Morning to you my Dear Friend
Good Trading

Ivan said...

Hi Boris/All,
could someone help me, what does 'bp' mean in this expression:
Long term government bond yields, bp -150
Thanks

xerxes said...

Dear Ivan...bp=basis points

Ivan said...

Dear xerxes,thanks. What is basis point in context? Any web link?

Ivan said...

Ok, I found it on the web. Thanks

xerxes said...

Dear Ivan...There are a 100 basis points in one percent so the 150 bp's is 1.5%

boris said...

Dear Xerxes,
Thanks you for a very LUCID explanation.

Good Trading Dear Xerxes

boris said...

Dear John
Sends us this link

Obame Subprime Borrower?No, judgment, just interesting read

Good trading Dear John

boris said...

link=

OBAMA?

boris said...

Keep stops at 916 for now on remaining short positions

Good Trading

boris said...

Stops Down to 912. And IF large position , plelase take partial profits still

Good Trading

boris said...

we Just hit the Firs Hourl Low Attraction Point.

Collect Some profits please. Keep 1/3 or slightly more to continue the position.

Good Trading

boris said...

We gave you a FREE(kin) trade at the top of the yesterdays daily session of 916 ( actual high 916.50).

YES.

ENJOY till it lasts
Take profits and take family to San Diego, My Favorite City on the earth.

Good Trading

boris said...

Market is unable to mount any kind of a counter rally, so far, Is market heading even lower?
875 is pretty close ha?

Good Trading

boris said...

When Consumer has the

DISCRETIONARY HEADACHE

What happens?

Healthcare Sector Goes up as Consumer reaches Medicine!

I guess that is a truism that needs not to be repeated, but can be vividly seen in the quotes panel on the front of this post. Not comment, but boddy of this post

Good Trading

boris said...

Dear Reader,
You have seen claims of miracle traders, the ones that trade like they never miss that trade and never lose the trade and just all kinds of stories about legends of trading.

How about looking at the picture of AP Miracles, in the body of this post and telling me...

Have seen another miracle like this?

Good Trading

boris said...

20 Points and counting on this trade.

Approaching the fith ILAP

Good Trading

boris said...

So far,
Market finds support on fifth.
One may want to take major part of profits here and leave considerably small short term SHOROT position just in case we go straight to 875.

But considering where MDS systems are. I am mindful of letting nice profits( or any part of it) go.

Good Trading

boris said...

Ok, UNG up anogher 5% today and 30% from where we recommended it. How about that in less than 15 days.

Good Trading Dear Readers

boris said...

Dear Reader,
I am tempted to tell you I am genious to have suggested to take most of the profits at the bottom of the market today ( so far).

But I must refrain fom that.

It is not me that is a genious.

It is our ATTRACTION PINTS system.
All I had to do is look where the market was and inform you that we were at fifth ILAP

And there was the bottom of the market after hitting the Fifht IHAP early this morning at 914 today.

?????????!!!!!!!!


Good Trading

boris said...

We are now, hitting the Top of the Hourly Channel.

Possibility exists that market will relaps here or just go through that level. Bears watching.

Meanwhile enjoy WHAT IS IN THE POCKET.

Good Trading

Hopper said...

Hi Boris,

Thank you for the precious(metal)tip.

boris said...

Dear Hopper
Enjoy the fruites of research

Good Trading
mY Dear Friend