Thursday, July 09, 2009

Bounce Looks More likely, even if short lived

I you bought based on this picture congratulations, You are now up 5+ % in 1 day. Well, I placed this chart in the laps of our subscribers. Please note the precision. Actually market got withn lousy 7cents from the level advised to purchase at 28.70. Actual low was 28.77. How about that. I can only hope that somebody decided to override me with 7 cents!
Now, please also note the 50% FIBO at that level, but that was not the REAL reason for me to be excited about the NOV at 28.70. No, it was a special HIDDEN Attraction Point, that had me excited. While I can not give that secret away, it does allow me to give my subscriers this kind of advice.
Hallelujah!

Even if the turn here is short lived(remains to be seen and measrued(:- ), it is more likely after this mornings rally on the back of yesterdays reversal at the end of the trading.
883.52 884.90 887.13 889.92 spx 877.69 876.31 874.08 871.29

28 comments:

xerxes said...

Good Morning Dear Boris...

Ivan said...

Good Morning Boris/xerxes/All,
I was silent reader last weeks.
Good trading

John said...

Boris

good morning

old john

boris said...

Dear Xerxes
Dear Ivan
Dear John
Good Morning all
I fell asleep this morning again as I was up late yesterday fixing few things around programming.

GOod Trading Dear Friends

xerxes said...

Good Afternoon Dear John, Dear Ivan..

xerxes said...

Dear Boris...Target says that they're gonna beat estimates... Jobless claims crashing...

xerxes said...

Dear Boris....The 1st 6 trading days of this 3rd quarter is the 2nd worse since 1900 with 1930 being the only worse year (25% loss ensued that year, according to bloomberg...

boris said...

Dear Xerxes,
That would take me about 10 minutes to caluclate, since I have the date and systems/language to do that.

The only question is what is so important with first 6 days of July?

Well, I do not know(:- , Frankly

I have no opinion on the usefulness of that peace of info besides the one to scare the lame investors ( little guys/girls)?

Maybe I should not be so cynical, but Everything Bloomberg Knows/Reports is known by every Gog and Cat, so what is the usefulness, perhaps it will turn out to be confusing and wrong , especially regarding the longer term affect ot it.

I am going day by day so far.
(:-

But we do have the longer term pictures do not we?

Let us look at them and put the Bloomberg report in the context

Good Trading Dear Xerxes

xerxes said...

I don't know what that bloomy story meant either Dear Boris...

It seems that the buck loses proportionally when the market rallies but recovers at only 1/2 the pace when equities sink....

xerxes said...

Dear Boris....Do you hear the hounds of baskerville with regards to S&P?
Inverted H&S failing...

boris said...

Dear Xerxes,
It does not matter what I hear.
In fact, I wish I could hear nothing and isolate myself even more than I do(:-

What matters is what I do.
That is clearly explained to subscribers

GOod Trading Dear Xerxes

xerxes said...

More than 200 pip move up since last night lows Dear Boris for EURUSD...
Dollar bulls getting steamrolled...

boris said...

Please note the post at the face of this post.
Subscribers got this chart yesterday before the low was established!

GOod Trading all

boris said...

We are talking about the
Equity of

NOV national oil varco company.

Yes, that is kind of precision we able to work with.

See the fees and services

GOod Trading

xerxes said...

3rd daily in the cards dear boris?
maybe even the 4th if inverted h&s plays out...

boris said...

Dear Xerxes, Thanks
GOod Trading Dear Friend
Just so that readers understand
I think you are refering to
EURO

GOod Trading Dear Xerxes

xerxes said...

Yes Dear Boris...Always EURUSD :-)
I'm a bit surprised at the strength of the move, but you weren't :-)

xerxes said...

S&P hit third high Dear Boris...Will it match the performance of the single currency....Who needs relics Dear Boris when you can buy euros that appreciate against the relic...

boris said...

Well,
Dear Xerxes,
First you needed to know that this will happen.

We knew, did not we?

GOod Trading Dear Xerxes

xerxes said...

Dear Boris....Ha Manheeg chadash - El Euro -- Be'emet :-)

xerxes said...

We knew, did not we?

Yes we did :-)

xerxes said...

Time for a big & juicy chuleton Dear Boris with a bottle of pink champagne (it's been chillin' all day).... thank you Dear Boris :-)

Looks like a 3 inside up in progress on the hourly EURUSD...Maybe S&P moves this hour Dear Boris...

xerxes said...

Neckline pierced on S&P 500 Dear Boris of inverted H&S...target 900...
No hounds in sight :-)

xerxes said...

Looks like the possible 3 inside up won't play....

xerxes said...

Have a nice evening Dear Boris

boris said...

Dear Xerxes,
I fell asleep by then.
Thanks for a nice evening.

Good Morning to you
My Dear Friend

xerxes said...

Dear Boris....Today's Daily EURUSD AP's seem to have a very wide range..

xerxes said...

Merkel said that China's currency eructations are meaningless verbiage and that the euro will be the dollar's reserve currency compliment Dear Boris....