Friday, July 17, 2009

Could be taking a breather here

941.78 943.83 947.15 951.29 spx 933.13 931.08 927.76 923.62
boris said...
Dear John, and Dear Joe Have provided these linksYou know what my opinions are, now add this to form your own.
GS IN BALANCD
and
GLENN ON GS Thanks Dear Friends Joe and John

Market could stop for a breather here, unless the 936 area is decisivly broken on EMINI current/september contract

37 comments:

xerxes said...

Good Morning, Once Again, Dear Boris....

I'll keep that note Dear Boris...I'd like to comment that its fluctuations seem like an EW type gyration of a type, 1-up 2-down 3-up 4-down 5-up...

boris said...

Well, Dear Xerxes, So far, by and large the market confirms to our Dollar projection and WBR, even as they differ a bit in places the outline is a choppy XXXXXX side good trading Dear Xerxes

Good Trading

xerxes said...

My guess Dear Boris is EURUSD to 3rd/4th low hourlies today unless all these 'blowout' earnings reports cushion this thing :-)

boris said...

We Shall See , that would be just about right if there is nothing earthshaking coming on

Good Trading Dear Xerxes

xerxes said...

GE & BAC seemed to disappoint driving futures down Dear Boris.. CITI coming in 25 minutes...

boris said...

Dear Xerxes,
Thanks for reporting

GOod Trading Dear Xerxes

xerxes said...

Futures sinking Dear Boris...They must not like what CITI is gonna report...Can't you help 'em out Dear Boris :-)

John said...

Boris

Good morning

old john

xerxes said...

CITI in the black but EURUSD not impressed...

Wanderer said...

Dear Boris,
Good morning.
I hope that you have a great day and a wonderful weekend.
Thanks and good trading.

Bert

John said...

Did you get your 60 minutes in yesterday?

boris said...

Dear Xerxes, again
Thanks for reporting.

Good Trading Dear Friend
Xerxes

boris said...

Deare Bert
All the same best wishes to you and to your family and to all
our Subscribers/Readers

Thanks a lot My Very Dear Friend

Good Trading Dear BErt

boris said...

Dear John,
Thanks for reminding.
I felt like my muscles needed rest today.

I seemed to have had a bit of a pressure on my head from all that heavy lifting as it tightens neck muscles as well.

So, I took a day of today.

I hope doctor(:- ( you) allows me this one day off for the muscles to recover. I am starting to feel what I felt when I was training strong even in my middle age.

The heavy weights would often cause me to be lethargic a bit near the display as my neck muscles seem to be "always tired" a bit.

So, I may walk today later as computer problems prevented doing the same earlier, and I did not want to be lifting weights until I hold my neck without stress near display again(:-

Good Trading Dear Xerxes
My Very Dear Friend

xerxes said...

EURUSD can't cross the 100SMA on 15 minute Dear Boris...Relic outperforming the single currency at the moment....

xerxes said...

We must be in the first wave up of a 5 wave move towards 1050/1100 Dear Boris, as we have a strong, impulsive gallop cookin' here...

Mike Truong said...

I supposed we followed the dark arrow instead dear boris?

boris said...

Dear Xerxes,
WE could be, Definitely.
Ond day at a time though

Good Trading Dear Xerxes(:-

boris said...

Dear Michael,
Yes, Looks that way for now.
Frankly, These are kind of days where probabilities of guessing right are not that high, because, even though I did not mention, the preference to Red arrows was not much higher to the Preference to Black arrows, as at the end they should both lead to same place.

The real problem would if it did something very different, which I do not really expect, but markets are not as predictable as I would like them to be(:-

Good Trading Dear Michael.

xerxes said...

Do we break the 1033 high for the relic here Dear Boris

xerxes said...

Dear Boris...You are very modest with your emini graph success rate :-)

boris said...

Dear Xerxes, for my taste, I would love for us/all to see one more ( at least) high (over 85 ) READING ON OUR ASSET FILES FOR The relic before I would go for that move in gold.

Good Trading Dear Xerxes

Mike Truong said...

dear boris,

I wonder what is your thought on AAPL. I like the company and the products but I think it is pricing for perfection here. P/E is going into high 20s low 30s for this environment. Very interesting as I think AAPL is the bellwether for conspicuous consumption in the US. If they can continue to grow that mean the US consumer is not yet dead, but if they start to stumble I think we may see tough time for the market.

xerxes said...

By the time that reading happens, Dear Boris, irrational exuberance could be far advanced :-) But will the relic outperform the single currency to a significant degree?

boris said...

That outperformance you are talking about Dear Xerxes, will not, in my honest opinion, happen without one more slamming of relice with a huger hammer and it is probably coming. When that hammering is complete the relic would have started outpeforming all currencies of the world.

So it is all tied in terms of expectations. Remember we discussed this a while ago and I said relice will underperform for a while the EURO currencies , at least.

That is what happened. Now, let us watch the above described expectation come true!

That would be my signal and yours(:-

Good Trading Dear Xerxes

xerxes said...

Okay Dear Boris...we'll see :-) But SeeFuture doesn't show that hammer blow....

boris said...

As bellRingers go, AAPL, Dear Michael is at the annual 3rd and FIBO 62 of the bear market decline retracement. Which for us should mean that, had AAPL being able to break above here - 148, it has no stops till 175 area!

That is all I can say Dear Michael for now

Thanks My Ver Dear Friend

boris said...

Well,

Fair enough, it is good that you are watching and you may well turn out to be correct, but I would advise you that GOLD did not comply when it had to down(went up instead , few times) and to overcompensate perhaps it must do the same on the other side!

That is why !!!!!!!!!!!!!!!!!!!!!!!!


HELLO , I want everybody to hear this.

Never mechanically interpret te the curve fittin with any of my projections I give you. Always take into account if there was too much fitting on the upside and/or downside before taking the plunge.

Remember neither was there a hammer indicated for OIL, but as OIL (OVER) fit the curve on the upside, I becae cautious.

TOols are as good as people reading them. Suspect eveything and ask, even though I do not get tired warning you all about how to use the tools

Good Trading Dear Xerxes,

If wors comes to worse, what would you do?

Follow the trend breaks.

Right! look at the trend table. That is your last gadget before you plunge!!!!!!!

boris said...

Sorry , Dear Michael,

There is a one more stop for AAPL and that is at 155

Good tRADING

xerxes said...

Thank you Dear Boris...The trends are smiling on the bulls at the moment Dear Boris so we sail with the winds at our backs, for now :-)

boris said...

Well,
We did make the purchases for asset allocators and they should help us navigate here. Minimally invested but hey, still respectfully so. We could be more or less. Everybody must evaluate that for themselves.

For me being about 37% invested at this moment is not much, but respectable.

Remember I am not an young man.

Good tRADING dEAR xERXES

xerxes said...

Another ascending triangle for S&P Dear Boris....Yesterday's played out in the final moments...Will we see a reprise today?

xerxes said...

951.29 by the close Dear Boris...

boris said...

Dear Xerxes,
I would be a bit careful, here.
As I doubt we can go straight up without some correction here.

Yes, I think we could see the new highs and higher, but immediately, perhaps.

Yes, we somewhat invested for higher markets, but not too much higher markets and also, this is all besides the point as tomorrow is not investment, but a short term trading and that is who I am warning!

Good Trading Dear Xerxes

xerxes said...

I'm guessing on it Dear Boris, not banking on it :-)

boris said...

There is nothing with betting if done intelligently, nice entry point and nice exit point for stop loss.

If one has a strong(er) opinion it could be traded/tested

Good trading Dear Xerxes

boris said...

Dear Readers,
Have a nice weekend.
Market was up strong this week and we FULLY( from 867 ) particated in this rally. We think though next week could start with correction, but keep the longs.

GOod Trading all