Wednesday, May 13, 2009

Market Is showing Its Own Mortality

892.86 895.63 900.12 905.71 spx 881.17 878.40 873.91 868.3
Market has declined and, so far, it is not panic, but any decline lower immediately from here will show that this rally a lot more vulnerable than people thought. Yet, It is hard to imagine we will not have some rally ahead of us, because the rally may not end so abruptly ( at least, i think so).

27 comments:

daveo said...

Dear Boris, the truth has spoken. The pressure charts do not lie, what a wait for a few head fakes. Closing shorts tomorrow, will wait to short again, MDS will tell. I don't think Moses could get me to go long here.

boris said...

Dear Dave,
Good To hear from you.
I think, YES. The JAWS have closed. That is an even on its own. And These Jaws were the largest I have seen over 2.5 years of pressure chart history.

Good Trading My Very Dear Friend
Dave

xerxes said...

Good Morning Dear Boris...

I love the smell of napalm in the morning :-)

xerxes said...

they've been selling shmecks the last few days Dear Boris, some 50% retrace of the high to recent trough i think

boris said...

Dear Xerxes, you have been in VIETNAM?

xerxes said...

No Dear Boris....Just saw the movie :-)

Wanderer said...

Dear Boris,
Good morning.
Glad to have renewed my subscription with you.
Thanks.
Good living.

Bert

boris said...

Dear Bert,
Good Morning,
Indeed Good To see you continue to
like and support our work.

Thanks Dear Bert

Good Trading

boris said...

Market is in the range where we said it must support.

If we were to break below that range then we can start to worry about the bullish scenario of the market.

Good Trading

boris said...

If we were to not support around 973, then we would be looking at 865 area as support. for today.

Good Trading

boris said...

Market has recoiled from the high side of the hourly channel again. If when it clears that, I will resptore my investment portfolio to where it was before protecting them about 50 points away from here ( SPX points)

Good Trading

TwinGems said...

Dear Boris,

I know you raised your cash position to 50%.. can you let us know on the .net site how you intend to restore your portfolio ? Is it with additional stock purchases?

Thank you
Carol

boris said...

Dear Carol,
Thanks,
I go back to where I was before.
I have the numbers updated at DotNet Site.

Good Trading Dear Carol

boris said...

upDated Dot Net Site
11:19 ET AM

Good Trading

boris said...

We have bought at and around 884 this morning and will stay breakeven as this is part of the ASSET ALLOCATION trade.

If you took the trade, as a short term trade, please take profits, at least on half.

Good Trading

boris said...

I meant , we will maintain the protective stop at breakeven.

Good Trading

boris said...

Ok, AG(Attrney General) Ny, ANdrew Coumo sais.

NY Municipal Employees Pension Fond Fraud is essentially a Fraud where the GOVERNMENT CORRUPTION MEETS WITH THE CORPORTATE CORRUPTION.


Ok Dear Andrew, We call that SOPITALISM and we are as you may guess ANTISOPITALISTS.

Thanks for proving what we know forever now(:-

I just wonder what makes you Deare Andrew think that anything else works differently in USA Today(:-

Good Trading

xerxes said...

So Dear Boris...Looks like the rallies are picking up steam here as we move towards the 4th for EURUSD... Only USDJPY hasn't done much today it seems

boris said...

Ok, We have called it again? Market is moving higher.
Breaking an important resistance area at 893
Good Trading

boris said...

Well,
That seems to coincide with the Stock rally(:-

GOod Trading Dear Xerxes

SellPuts said...

Tomorrow we sell off. fudging up all the nice trend lines and moving averages...... the oscilators need to unwind.

John said...

Boris,

on the road, saw the article by AG coumo - they should look at all the illinois pension funds. all the pols get a piece of them, They will not because the mob runs most of them( or as you say- mafia). just google giannolis ( treasurer of illinois and BHOs very good friend)

old john

John said...

Boris.

Correction_ I misspelled the sopitalists name.


giannoulias is the name

run - giannoulisas and mob ( mafia) on google. The bank has been dirty for years.

old john

boris said...

Dear John,
Thanks for the info.
People should look at all evidence and make their own decisions.

It is fascinating though, to follow this kind of info.

For me, not beacause, I do not know what is going on, of course I do and stated so for a long time, but because the each particular case, makes our SOPITALIST idea clearer and stronger

Thanks Dear John for making letting people think more about their environment.

Good Trading My Very Dear Friend

boris said...

If anybody is long still from yesterday, please protect your position at 885 or just a bit above breakeven or get out now.

Asset allocators, will stay where we are, for now, even though we could have a sell off today.
Stay tuned.
Good Trading

xerxes said...

Good Morning Dear Boris...Very nice having those subheadings on your morning piece on dotnet...

boris said...

Going for new post
GOod Trading