Thursday, June 04, 2009

So Far, So Good


49 comments:

boris said...

John said...
boris

spx tomorrow :)

old john

6/03/2009 11:18 PM


xerxes said...
Good Morning Dear Boris....

S&P bested the downside target suggested by the H&S formation yesterday Dear Boris...

USDX bounced off 62% retrace of the move from July 16th to March 3rd...

EURUSD moves yesterday on hourly were very nice examples of falling 3 method formations, back-to-back...

On the way up it didn't look so clean but going down the sticks and things seem to be more predictive...Now I wonder why that is? :-)

6/04/2009 1:59 AM


xerxes said...
Dear Boris...Looks like today could be an up day for equities maybe even gold...Not quite the time to buy dollars it seems...Asians were selling dollars...Maybe they know something I don't? :-)

6/04/2009 2:13 AM


xerxes said...
Dear Boris...I'm skeptical of green arrow scenario...Seems like we are going over a 1000 in S&P...There was a breakout and a return to the breakout area yesterday so up seems the way things will go.../The Latvians are going to have to work harder and longer to pay down euro denominated debt :-)

6/04/2009 2:53 AM


boris said...
Dear Xerxes,
You did my jobe this morning
Thank you so much.

If this keep up, I must consider to pay you for your srevices(:-

Good Trading Dear Xerxes,
I will copy these comments and start a new post(:- I hope you do not mind

Thanks Dear Friend

6/04/2009 3:15 AM

boris said...

Dear John,
I will do(:-

Dear Friend Good Trading to you

xerxes said...

Dear Boris...We hit 50% retrace of yesterdays move down in EURUSD and bounced...How deep will it drop...We'll be lucky to get back to the 1st IHAP...

xerxes said...

Dear Boris...Goldman Sachs doesn't care what your PC ratio chart says this morning :-)

alexnewbee said...

Good morning everybody

possible H&S on EUR/USD?

Dax is on fire, bounced exactly on support like in a book.

boris said...

Good Morning Dear Alex,
Thanks for you information.
Yes DAX gapped up, but if it could be test with the stop at the high of that move

Good Trading Dear Friend Alex

boris said...

Dear Xerxes
Well, to return favors
I do not care about what GS cares about Dear Xerxes,
You better convey that to them in no uncertain terms

Good Trading
Dear GS(:-

xerxes said...

Dear Alex...Good to see you back... What timeframe do you see the H&S on EURUSD?

alexnewbee said...

Dear Xerxes

on 5 min chart. but it will be invalidated if it goes through 1.4250

xerxes said...

Thank you Dear Alex

boris said...

As I said it was a good place to test the DAX against highs of this morning, now there would have been a free trade
GOoD Trading

Ivan said...

Dear xerxes, special for you, eurusd, 5min:
http://www.antisopitalist.net/Data/Sites/1/ivan/graph/eurusd_5min.jpg

xerxes said...

Thank you Dear Ivan....

Ivan said...

Dear xerxes, it seems though that we have more room on the downside for eurusd, perhaps 1.40.?

alexnewbee said...

if H&S plays out, we could head for 1.38 in eur.

just mho

xerxes said...

Dear Ivan...That H&S you and Dear Alex showed me has a target a bit less than 1.40 so I guess you're correct...Just looking at the S&P 500 charts it seems to me that we have embarked on a move to mid 1000's or so....It would be nice to get EurUsd back to a 3 handle so as to be able to buy more euros... I have some dollar bonds that I want to unload :-)

alexnewbee said...

Dear Xerxes

I could not agree with your thesis on S&P. Of course anything is possible, but on mho we are closer to 850 then 1000.

xerxes said...

Dear Alex...Please look at the 60 minute S&P...There I see an inverted H&S with a left shoulder in Jan '09, Head in March and right shoulder in April...I drew a neckline around 875...It is easy to see on weekly and daily as well..On the 30 minute please note the horizontal trading band (slight downward bias) that began in the beginning of May; and just the other day there was an upside breakout...This suggests to me that we have movement in the direction suggested by the H&S bottom..Of course, this could be an unsustained upthrust or throwover, I don't know...And even if the H&S is valid we could still retreat first but dropping below 875 means, I think, a bit deeper retrace of the move up from 666 and obviously, completely invalidating the inverted H&S thesis... But what do I know? :-)

xerxes said...

Trickey speaks soon...Will he bolster or trash the euro?

boris said...

Dear Bert,
Did you get messages from boght me and boris@boris.com?

Good Trading Dear Bert

Wanderer said...

Dear Boris,
I did indeed.
I received one from your AOL email at my sympatico email and one from boris@boris at my gmail.
Thanks a lot.
Good trading and a great day, dear friend.

Bert

Wanderer said...

p.s. Great Chart! Thanks.

Bert

boris said...

Dear Bert,
Contrats, Your email should work.
We have the proof that bulk emailer has deliverd!(:-

Thanks My Ver Dear Norhtern neighbor(:-

Good Trading

valry777 said...

hi BORIS,
stupid ???:
when you put date in yours charts,
like 11/08,-
is that mean november 8-like american style.
or 11 august-like european style?
thanks,
valry

boris said...

That is not a stupit question Dear Valery.
I do not remember myself.

Could you please let me know which figure is this from?

Good Trading Dear Valery

boris said...

GBP collapsed about 5.5 points in two days, to be supported today by 1.61 level.

BRUTISH is back to justfying its name(:-

Good Trading

xerxes said...

Dear Boris...The red arrows on the emini100 are mapping out the S&P to the tee so far...but it ended where we are at now...We need the rest of the map Dear Boris :-)

valry777 said...

this is YBR,- yours email from may 31,2009.
thanks,
valry

boris said...

6.08.2009 or 6/08/2009 are this same on this picutre and indicate the June 8 of 2009.

So 8/11/2009 is August 11 2009.

Thanks Dear Valery
Good Trading

xerxes said...

Thank you Dear Boris for the update

boris said...

Dear Xerxes, Welcome
GOod Trading

boris said...

Dear John,
5min APS in the
Dotnet Site


Good Trading Dear Friend John

John said...

Boris,

10-4

old john

boris said...

Dear John

W

Good Trading

xerxes said...

Dear Boris...If the dollar doesn't rally today a fair amount then we could end up with a morning star for eurusd...

boris said...

Dear Xerxes
Thanks, for insight

Good Trading Dear Xerxes

boris said...

I hope it was easy for all to see that market has made the low today at the confluence of the 5 minute and hourly FIRST IntradayLowAttractionPoints

Which we call ILAP

Good Trading

alexnewbee said...

it is really strange that brutish hardly participates in oil/gold/euro rise.

boris said...

Is there anybody whe did not receive any emails today from
boris@boris.com ?

Good Trading

boris said...

Dear Alex
good for you to have noticed

The thing is the DIVERGENCIES is how the turn formations start!

Good Trading Dear Alex

alexnewbee said...

Dear Boris

weakest link in a chain?

John said...

Boris

10-4

got email

old john

boris said...

Dear John,
Thanks My Very Deare Friend

Good Tradiang

Mike Truong said...

Dear Boris,

I will wait for the full turn to really hammer the market hard on the short side. I think Commercial RE will be the next thing to take the market down. But I think the sopitalists (Ben, Tim, et al) will make one last effort which should cause everything to pump hard. Since I don't know what YBR is predicting beyond September, I am looking for some dumpage around mid-fall into the end of the year with no year end rally this year. Probably not a good idea to look out so far but who knows. Good trading dear friend

Mike

boris said...

Dear Michael,
Good Idea, not to concentrate on the longer term at this time, except in the context of having some nice divident payers that one can hold on almost no matter what.

But I agree, We need to Take only Very limited risks in trying to do something in the short trade.

I will keep you informed daily and intraday.

GOod Trading Dear Michael

Hopper said...

Hi Boris & All

http://www.usdebtclock.org



Thought it was interesting

xerxes said...

Good Morning Dear Boris

boris said...

Dear Xerxes,
I am late a bit on calculations

Working hard,
Get back to you soon

Good Morning Dear Xerxes

xerxes said...

Dear Boris...It appears that we're following the black arrows on emini101