Wednesday, June 10, 2009

Chiken Moves Higher Still


Market Manged This morning to break out of the range

43 comments:

boris said...

Welcome All to new trading day
Good Trading to you

xerxes said...

Day is 1/2 over Dear Boris :-)

boris said...

For you Dear Xerxes
OUR USA brothers just woke up and Californians are still freshening up their faces(:-

Good Trading Dear Xerxes

xerxes said...

Yes Dear Boris...They awake to rich profits in forex and equities...Nothing like makin' money while asleep :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Dear Bert,
Very good morning to you and GOod Trading Dear Friend

boris said...

Please note, the comment on the emini106 chart needs to be clarified if not clear already.

I prefer black arrows as long as the market holds near/above the braket top ( braket numbers are given on the graph).

If braket is broken and we move strongly below lower side then the red arrows take over ( red arrows become plausible after the braket is penetrated).

Good Trading All

boris said...

Low risk sell,
Strictly coffe money,
I mean it 22 cents top on FXI
That is it!!!!!!!!!!!!1

boris said...

I meant 22 cetns stop

boris said...

Make it a free trade.
Stand at the breakeven

boris said...

Go for a small profit,
If this is your day you will make a lot of money, if not you had free trade.

Good Trading TO you ( FXI stop should be no higher than 39.55 where I advised to short)

Good Trading

boris said...

Ok, keep the shorts and now the profit needs to be taken at 39.39 and even a long can be initiated if we got there.

Good Trading

boris said...

Dear Subscribers ,
You know the barket, We are about to close that bracket.

If we go strongly below that, this market could have topped.

How did we kwno if it happened.

No, we did not, but we suspected and tested.

Yes, GENIOUS is not in knowing.
GENIOUS is in testing ha!

Good Trading

Phil said...

Maybe a stupid question, but where on net. site is dollar chart?
Thanks anyone,

boris said...

There is support here as well, right at 942 for EMINI

boris said...

Dear Phil,
No, the question is not stupid at all.

It is just you may have missed the announcment.

Dollar chart was only given to one full year( or more) subscribers.

Good Trading Dear Phil.

xerxes said...

They reversed the days gains in equities Dear Boris, to the chagrin of euro bulls and the delight of dollar bulls :-)

boris said...

I strongly suggest take half profits here and all profits if EMINI goes over 945.5 and even perhaps go long

GOod Trading
This is all short term trader staff.

Nothing to do for asset allocators

boris said...

Dear Xerxes,
you saw our action, inspite of what we think in a bigger picture.
You see, this is one more time I can prove to you that what I think means ZERO in a short run.

What i do matters a lot though(:-

Good Trading Dear Xerxes

xerxes said...

More QE today Dear Boris...Doesn't seem like a good reason to sell euros...

NEW YORK, June 10 (Reuters) - The Federal Reserve is buying Treasuries maturing between August 2019 and February 2026 on Wednesday, the New York Federal Reserve said on its Website.

xerxes said...

"You see, this is one more time I can prove to you that what I think means ZERO in a short run."

You are very modest....

Dear Boris...It wouldn't be a market if we didn't do a little zigging and a little zagging :-)

Are we coming in for a double bottom on S&P Dear Boris...

xerxes said...

Dear Boris...They say that sticks don't work well on 15 min charts but they look like a crush against the euro and gold is coming...

boris said...

Deare Xerxes,
Gold, so far behaved like a sick man

Unless it does something better and soon, we may look at today as the day when GOLD finally broke

GOod Trading Dear Xerxes

xerxes said...

Not much of a bounce for euro Dear Boris...I'm gonna wait for the next level down to test tricky trichet..

xerxes said...

I'm thinkin' Dear Boris that maybe GS had a typo in their memo as the target wasn't really 1.451 but 1.415 :-)

boris said...

Funny Dear Xerxes
But that could be(:-

Good Trading Dear Xerxes

xerxes said...

Crude hangin' in there Dear Boris... We'll get green shoots with oil at 9 like you recommended earlier :-)

xerxes said...

10 year pushing 4 Dear Boris...what is Bernanke gonna do now?

boris said...

Dear Xerxes,
Bernanke is best to do nothing.
There is nothing to do.

Thieves will be stealing our money until they can , with or without bernanke

Good Trading Dear Xerxes

Greenie said...

Boris, Hope this is not your aunt -

http://news.yahoo.com/s/ap/20090610/ap_on_re_mi_ea/ml_israel_million_dollar_mattress

Mike Truong said...

Boris,

Look like a blowoff top on tnx today as the magical 4% is calling. I nibbled a bit on the September 09 tlt calls today.

Good trading dear friend,

Mike

boris said...

Dear Greenie,
Fortunately, I do not have Aunts that Are alive anyway.

Otherwise I would have been worried(:-

Good Trading Dear Greenie.

Besides if we can sell the FXI 20 cents from the top with over 50c gain already, why would we need to worry about what AUNT does?
(:-

GOod Trading Dear Greenie , again

boris said...

Dear Michael,
GOod To hear from you.

I , did not do this as a trade, of course , just as an asset allocation step.

But No problem, Make sure to follow rules Deare Michael

Good Trading Dear Friend

Hopper said...

Hi Boris, just pasted some "news" I found...

IMF Says New Reserve Currency to Replace Dollar Is Possible

June 6 (Bloomberg) -- The International Monetary Fund said it’s possible to take the “revolutionary” step of creating a new global reserve currency to replace the dollar over time.

The IMF’s so-called special drawing rights could be used as the basis for a new currency, First Deputy Managing Director John Lipsky told a panel discussing reserve currencies at the St. Petersburg International Economic Forum today.

“There are many, many attractions in the long run to such an outcome,” Lipsky told a panel discussing reserve currencies at the St. Petersburg International Economic Forum today. “But this is not a quick, short or easy decision,” he said, adding that it would be “quite revolutionary.”

The SDRs would have to be delinked from other currencies and issued by an international organization with equivalent authority to a central bank in order to become liquid enough to be used as a reserve, he said.

alexnewbee said...

Dear Boris

"Gold, so far behaved like a sick man"

Golden words!
When I look at 30 min chart, it is quite nice H&S formation.
Think I will short barbaric relict quite heavy tomorrow morning and will be doubling (pyramiding) if it goes down.
Just MHO.

xerxes said...

Well Dear Boris...10 year is pushin' the big 4...So much for Ben's QE experiment. Seems to me that QE is now shown to be a fraudulent failure in progress...It's only a matter of time, or so it seems, before these higher yields will knock out the stock market. The final denouement is dead ahead and somehow I don't think the buck will be the primary beneficiary of what may be the coup de grace

Greenie said...

If you guys can bring down the price of gold, I will buy some more physical. Pleeeeze help !!

Greenie said...

IMF SDR is a scam, because IMF itself is just another branch of treasury. Read the second sentence below.


"A member's quota in the IMF determines the amount of its subscription, its voting weight, its access to IMF financing, and its allocation of Special Drawing Rights (SDRs). The United States has exclusive veto power. A member state cannot unilaterally increase its quota — increases must be approved by the Executive Board and are linked to formulas that include many variables such as the size of a country in the world economy. For example, in 2001, China was prevented from increasing its quota as high as it wished, ensuring it remained at the level of the smallest G7 economy (Canada).[11] In September 2005, the IMF's member countries agreed to the first round of ad hoc quota increases for four countries, including China. On March 28, 2008, the IMF's Executive Board ended a period of extensive discussion and negotiation over a major package of reforms to enhance the institution's governance that would shift quota and voting shares from advanced to emerging markets and developing countries."

Greenie said...

http://en.wikipedia.org/wiki/International_Monetary_Fund

US representatives -

Governor - Tim Geithner
Alt. governor - Ben Bernanke

So, basically IMF is an organization, where Tim Geithner has exclusive veto power. Hahaha.....

boris said...

I fully agree with Greenie
on the IMF
J O K E !

Good Trading Dear Alex,Hopper,Greenie, XERXes, thanks for participation

xerxes said...

Good Morning Dear Boris

boris said...

Good Morning Deaer Xerxes
Good Trading Dear Friend

boris said...

Going for new post