Tuesday, June 30, 2009

Decision time for bears


Market has rallied, but not yet breaking new highs, It must falter here before 930 or so area, or bears may have long(er) summer(:-

39 comments:

Hopper said...

Hi Boris,
The market can't fall if everyone is expecting it to; So probably it will fall when noone expects it to...

I did find a bit of recent insider selling in the canadian big banks...

Good Trading

boris said...

Dear Hopper,
Thank you for your comments
My Dear Friend

Good Trading TO you

Mike Truong said...

Dear Boris,

Something is going on because they sure are in a hurry to bring brutish up tonight. Maybe they are trying to reach your high target for brutish before the next drop. Suck in more money from the unsuspecting?... Hmmm

boris said...

Dear Michael,
IT looks to me too. that they will push it to that target.
Not much left. BRUTISH can go 5 points in a day!

Good Trading
Dear Michael

Mike Truong said...

Dear Boris,

Someday realities are gonna come back. I wonder what the sopitalist will attempt then? Since bread and circus will be in short supply, I think they will do the class warfare of divide and conquer. And the sheep will never be the wiser...Anyway if you have a chance read up the latest form Charles Hugh Smith blog http://oftwominds.com/blog.hmtl . He has a pretty interesting take on the whole globalization and the sopitalists.

Good trading,

Michael

Mike Truong said...

Dear Boris,

Was it you or was it someone else that I read that said government interventions can not change the cycle but can change the amplitude (positive, and negative) of the waves in the cycle? I wondered though if government intervention can time shift the cycle also so that it serve their political purposes? Supposed that we were to have hit the 666 deccenial low and tested it in the last 4 months or so, I would have been incline to believe that the decade low for the stock market was in. However with the interventions, I wonder if the test of the lows have been shifted to a much later time in the future along with the amplitude of the future low? Who would this help/hurt politically?

I know that this is a lot of ramblings but it is interesting to me. this has future ramifications for if the USSA is not going to survive peacefully, I might be best to prepare for my eventual departure from here with my son to somewhere more hospitable or at least somewhere with more extended families.

Good trading,

Michael

boris said...

Dear Michael,
Thanks for you posts.
I certainly think that GOVernment can change the cycles ans shift them and so on.

I would have thought that if YBR was defeated then that maybe happening, but if the YBR/WBR is correct then perhaps We have not been able to bend the cycle.

After all cycle is what?

Whatever anybody thinks it is.

YBR is my cycle and if it is beaten badly which have only occured couple times in 25 years, i will say, "yes cycle has been bend", so far I do not see visavis the YBR all looks going like it should!

I am certainly sympathetic to your thinking of looking for a quite/hostpitable place.

Unfortunately, I am not sure where it maybe better, but can not help thinking that if other societies have not yet reached the provesity levels of sopitalism like in USSA(:-

thenk that could be the place to go.
Is if india?
Maybe,
Philpines?
Maybe.

Some find that kind of a place in Israel ( for jews for sure), but who knows it may turn out to be the worst ghetto jews have ever lived in.

Here is what I really think.
One is a good guesser of this thing or one is ready to change on a moments notice, but stay in USSA

GOod Trading Dear Micheal

Mike Truong said...

Dear Boris,

Thanks for the reply and the advice. Onto a trading question, when we look at the YBR, are we concern only with the direction or amplitude or both in the predictions? I only asked this because I can't believe where YBR is pointing to. It is incredible

Good trading,

Michael

boris said...

Dear Michael,
Only direction is important, but one can hardly ignore the size as market seemed to have respected that too.

In general though I would not go that much with the size, only direction

Good Trading Dear Michael

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Good Morning Dear Bert,
GOod Trading to you My Dear Friend

xerxes said...

Good Afternoon Dear Boris....

Looks like the roulette wheel says 'Red' today :-)

We hit fourth low hourly already....
Does the buck have legs or more channel trading thru week's end?

But the roulette wheel suggests we get into the 1.38 range...

But if we get to 1.38 then are we in the final wave down before we rocket to 1050 on S&P?

You see Dear Boris, there are always more questions and never enough answers :-)

xerxes said...

Dear Boris....We must be in the C down of the B up of an ABC down :-)

boris said...

Dear Xerxes,
I sorry,
I am getting ready to move and have a lot of things to arrange.
Appreciate you posting things.

I will answer as I can

Good Trading
Dear Xerxes

boris said...

Asset Allocators, please do not give any profits to the market.

At least at the purchase prices 906 and 895, terminate the previous purchases.

Good Trading
Dear Subscribers

John said...

Boris,

thanx. was short- made enough to take wife out to dinner.

old john

boris said...

I know Dear John,
When you asked yesterday(:-

I knew what was going on in your mind

Good Trading
My Very Dear Friend JOhn,
ENjoy with your spouse.
Hello from me

John said...

Boris,

You should know, you taught me

old john

xerxes said...

Moving to aN ARMON IN CAESARIA dEAR bORIS :-)

BTW, you called the bottom in EURUSD to the tick....Now why am I not surprised :-)

boris said...

Yes,
Dear John,
I pleed

GUILTY, FULLY SO!

Good Trading Dear Friend

boris said...

I do not know Dear Xerxes
It is a matter of fun now.

Every such occurance is
like a traders equivalent of "moon walk" for me
speaking in the terms of

Late MJ. Rest in Peace.

Good Trading Dear Xerxes

boris said...

Dear Readers,
I will, most likely have chance to post today again,
But I am taking down my real time views and will be flying on quates, without charts.
Almost blind.
(:-

Tomorrow, I will try to the best of my ability to post and After tomorrow I am getting computers installed in my new place.

I do not know, but hope that I will be able to provide most of what I do every day, regardless of the move, for these two days.

I do hope though to be with you fully, starting Friday.

So, again Dear Subscribers, I will try to the best of my ability to be fully USEFUL

Regardless of that.

You all have two days extra from me.
Promise.

Speak to you later

GOod Trading

DXB said...

"speaking in the terms of

Late MJ. Rest in Peace.
"


Indeed. RIP MJJ.

boris said...

Ok,
Back for another look at the markets, not much has changed, but we are not going to the depths we thought we could reach.And the market is showing some resiliency.So, it looks to me like the Asset Allocators are staying in.
Good Trading Dear Readers/Subscribers

boris said...

Dear DXB,
Good To see you back at our shores.
Good Trading My Dear Friend

Hopper said...

Hi Boris,
Tomorrow is Canada Day (July 1st)and the canadian markets are closed.
In the past, sometimes the US market makes large moves on days when the canadian market is closed. I guess this leaves the canadian traders handcuffed.
But having said that, it would not look good if the market fell too much before 4th of July. Only after...
Good Trading My Friend

xerxes said...

For the first 6 months of 2009, the DJIA is down 3.8 percent, and Transports are down 8.6 percent. The S&P 500 is up 1.8 percent. Oil is up 58.0 percent, Gold is up 4.9 percent, and Silver is up 21.0 percent. The NDX is up 21.9 percent, and the HUI is up 12.3 percent.

boris said...

Dear Xerxes,
Subscribers
Sorry, but I am not functioning they way I should today.

I thought I would do my best and this is my best.
I can answer questions via blog and perhaps the DotNet Site.
Can not make the Bulk Emailer work.

SO, there will be, most likly, no EMINI chart today.

Still I am here in my body and soul, if not in my performance(:-

I do not even know where markets are yet, but I am just looking it up.

Good Trading

boris said...

Ok, from what I see market is inching towards the FIBO level we thought will attract it.

Probabilities look reasonable for us to reach the levels of second and third daily Attraction Points

Good Trading

dimitry said...

Morning everybody, can't load market report page from .net site. Did we rich 3-d AP on euro ? Answer, pls.

boris said...

Dear Dmitry,
Third D AP on EURO is in the area of 1.42xx

We certainly have not reached that level in EURO.

Now, The DotNet Site, seems to be accessible. No problem thre.
I just checked

Good Tradin Dear Friend DMitry

boris said...

Sorry,
I am getting of the ear for a while

GOod Trading Dear Subscribers

xerxes said...

Dear Boris...EURUSD soaring while Texas Tea sinking....They don't respect anything any more :-)
3rd daily high is much higher than what you noted in a post here Dear Boris...At the moment we sit between 4th and 5th hourly highs...

xerxes said...

Dear Boris....Today's news:

Fed’s Yellen Says Interest Rates May Stay Near Zero for Years

Interpretation: Sell the friggin' dollar....Now!!!!!!!!

I finally understand Dear Boris :-)

xerxes said...

Dear Boris....The only losers today are the buck, as usual, but also Texas Tea...Seems to me that Black Gold reverses course or everything else will sink.....

xerxes said...

Dear Boris...Look at all the potential daytraders that will need your help :-)

ADP Employer Services that showed U.S. companies eliminated 473,000 jobs in June after a 485,000 drop the previous month.

xerxes said...

Dear Boris...Crude heading south, now off 2.5% but equities and the single currency still strong.....go Janet Go :-)

boris said...

Dear Xerxes, Salute!
In my abscebse you have done
splendidly!

Good Trading Dear Xerxes

boris said...

Dear Subscribers
I shall try my best to update the market report page on the DotNet site.
If i manage more, that would be great.

If not consider, I was on two day vacation(:-

Good Trading Dear Subscribers