Sunday, July 26, 2009

HyperCuation Bulls

981.83 983.46 986.10 989.40 spx 974.96 973.32 970.69 967.39
hyper-caution

48 comments:

xerxes said...

Great Charts Dear Boris....

xerxes said...

EURUSD opening higher Dear Boris...

boris said...

The BigPicture went out via email.
The Asset Files, have been uploaded on the DotNet

Good Trading All

boris said...

Dear Xerxes,
Thanks
Good Trading Dear Friend

Ariel said...

Dear Boris,
Can you please provide your outlook for the Israeli markets and TA25 especially.
Thanks in advance,

boris said...

Dear Ariel,
Ta25, Is not any different in outline than any other market, like SPX or DOW, so whatever we provide on those is applicable to Israely stock market as well. Even Percentage wise TA25 rose comparably to SPX.

Now to provide more details, in terms of the Attraction Points, where the TA25 could/would stop, one needs to be a subscriber, but all free info we convey to readers is avaialable and you are very welcome to utilise that information.

More exact timing snd projections are preserved for subscribers.

Dear Ariel, We appriciate your interest in our site and enjoy
My Dear Friend

Good Trading

Ariel said...

Dear Boris,
Thanks for the info (even if it is a general one). I will keep tracking your site (I do so from the time I read you sheckel projection more than a year ago), and when the time is right for me, I'll subscribe.
Thanks, and have good trading

boris said...

Dear Ariel,
Thanks a lot.

In some ways, we already give away the treasure Dear Ariel.

Nobody, I mean nobody gives what we give.

Example.

SHEKEL DOLLAR indicates that the SHEKEL is stronger into about late July/Earl August.

THat , considering, very nice correlations means that Dollar is going lower and stocks market is going higher.

I do not know who else gives this kind of a fundmental/futuristic forecast free.

Nobody!

Thanks again Dear Friend

xerxes said...

Next stop is north of 1.46xx Dear Boris on EURUSD...62% retrace..

boris said...

Dear Xerxes,
Could be, it all could be. You have the timing just I do, just I think you need little caution between here and end of month. Do not get carried away.

That is all Dear Friend.

And as far as giving away free, I do not even know that there is anybody who is capable or giving(given) away what we give free, FOR CHARGE!!!

Good Trading All

xerxes said...

Dear Boris....With S&P going to 1200+ every dip becomes a buying opportunity, like the dotcom days ;-)

boris said...

Dear Xerxes,
I love your predictions(:-

Good Trading My Very Dear Friend

Wanderer said...

Dear Boris,
Good morning.
I hope that you enjoyed your weekend.
Thanks and good trading.

Bert

boris said...

Dear Bert,
I have indeed enjoyed my weekend.

My Dear Friend.

Enjoy your week and good
Trading

xerxes said...

New Home Sales caused a nice pop Dear Boris...I didn't think that it would matter much

boris said...

Dear Xerxes,
Perhaps it does not matter much

Good Tradig Dear Xerxes

xerxes said...

Relic hit 2nd daily high, earlier today, Dear Boris...

boris said...

Dear Xerxes,
That is good place to stop for any security.

SO, perhaps relic is finding place to rest(:-

Good Trading Dear Xerxes

xerxes said...

Well Dear Boris...it took a bit of a pounding after 'resting' at those lofty levels :-)

xerxes said...

They need to push a lot of paper this week, Dear Boris...Should lower equities a bit, I think...

xerxes said...

Relic at risk of going negative for the day Dear Boris...

xerxes said...

Bloomberg says to sell euro for the NOK Dear Boris....

boris said...

Dear Xerxes,
Thanks for reporting
Keep us updated

Good Trading Dear Friend

boris said...

Did anybody notice VIX?

OK, see the notes in EMINI130.gif
Good Trading Dear Xerxes

xerxes said...

Dear Boris...You once said that VIX was so manipulated that it lost value...

xerxes said...

Need some toilet paper Dear Boris :-)

The government is selling $6 billion of 20-year Treasury Inflation Protected Securities, $42 billion of 2-year notes, $39 billion due in 5 years, and $28 billion of 7-year notes through July 30.

xerxes said...

International buyers increased their Treasury holdings by 7 percent through May to $3.29 trillion, while China, the biggest lender to the U.S., raised its holdings to $801.5 billion.

D said...

xerxes,

what they don't point out is that China is the only game in town to sell treasuries too right now:

Source

boris said...

Dear D,
Thanks for the info.

Good Trading My Very Dear Friend

sharon said...

HERE IT COMES:


Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”

Advocating in favor of a House bill to audit the Federal Reserve, Spitzer said: “The Federal Reserve has benefited for decades from the notion that it is quasi-autonomous, it’s supposed to be independent. Let me tell you a dirty secret: The Fed has done an absolutely disastrous job since [former Fed Chairman] Paul Volcker left.

“The reality is the Fed has blown it. Time and time again, they blew it. Bubble after bubble, they failed to understand what they were doing to the economy.



“The most poignant example for me is the AIG bailout, where they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didn’t get stock in those banks, they didn’t ask what was going on — this begs and cries out for hard, tough examination.

“You look at the governing structure of the New York [Federal Reserve], it was run by the very banks that got the money. This is a Ponzi scheme, an inside job. It is outrageous, it is time for Congress to say enough of this. And to give them more power now is crazy.

“The Fed needs to be examined carefully.”

Spitzer resigned as governor of New York in March, 2008, after news reports stated Spitzer had paid for a $1,000-an-hour New York City call girl.

At the time, Spitzer had been raising the alarm about sub-prime mortgages. In the wake of the economic meltdown triggered last fall by sub-prime loans, some observers have suggested that Spitzer may have been targeted by law enforcement because of his high-profile opposition to Wall Street financial policies.

Investigative reporter Greg Palast wrote that federal agents’ revealing of Spitzer’s identity as a call-girl customer was no coincidence.

Palast wrote that the principle of “prosecutorial discretion” is often used to keep the names of high-profile persons out of the media when they are tangentially linked to a criminal investigation. In the case of Spitzer, the Justice Department chose not to invoke prosecutorial discretion.

Funny thing, this ‘discretion.’ For example, Senator David Vitter, Republican of Louisiana, paid Washington DC prostitutes to put him in diapers (ewww!), yet the Senator was not exposed by the US prosecutors busting the pimp-ring that pampered him.

Naming and shaming and ruining Spitzer – rarely done in these cases – was made at the ‘discretion’ of Bush’s Justice Department.

Spitzer recently told Bloomberg News that President Obama’s regulatory reforms of the financial sector are “irrelevant” because regulatory agencies have not been enforcing corporate laws to begin with.

“Regulatory agencies already had the power to do everything they needed to do,” he said. “They just affirmatively chose not to do it.”

sharon said...

-

boris said...

Ok, once in a while, I will do a public service, even though we already to a lot of it free, by placeing Dollar Preidctions on safehaven.com and here.

TODAY

I would like to talk to you about DUG. The area to purchase is 15.80-16.10 with a stop loss below 15.69 or better yet , ideally 14.99.
Today's low is 16. Merely 10 cents away from my target.

Now, please buy it only in the amounts that can not hurt you. So if you buy 100 shares all you can lose is $100 with the 14.99 stop.

If you buy 1000 shares you can lose $200 dollars with a stop around 15.99.

So, whatever your approach is. I prefer that you play size that you could only lose 1/2 days salary of yours and that is it. YOu do not repeate it. You just let it go. No matter what.

This is not an advice, this just a suggestion of what I am going to do and Please see all disclaimers on the front page of this site.

So, what is DUG?

DUG is Ultrashort OIL and GAS.
WHich meanst that for a while we are suspending our UNG purchase or suggesting to be kept so small that you can wait for later rally.



I WILL REPEATE
THIS IS JUST A PUBLIC SERVICE NOT AN OFFICIAL ADVICE. PLEASE SEE DISCLAIMRS.
DO NOT RISK more than 50-100 dollars and in all cases more than 1/2 days salary.

GOod Trading.

boris said...

Dear Sharon.
I have been same things forever. Good That WALL STREET SHERIF Dear Sptizer is saying the same, except he was not saying the same things as forcefully until they SET HIM UP they way they did.

THey were ready to steal from us ( each USA citizen is $200000 two hunder thousand dollar debt because of FED POLICIES). sO THEY DID NOT NEED ELLIOT AROUND.


In any case. FOr Dear President Obama, not to persue vigorously, what happened only makes the entire thing more suspect. Dear President we can right ourselves, before we wright the wrongs that happened and more so , we seem to reward the same people who stole from us and our children for generations.

Dear Sharon thank you.

Good Trading Dear Friend

sharon said...

Dear Boris

when I read it I remembered your thousands of posts in this blog during the last years.

Keep writing your wisdom here. I visit this blog from time to time to read the "real news" about the market

take care dear friend.
Sharon

boris said...

Dear Sharon,
Dear Ben says today.

I WAS ANGRY with those B's that I had to save and/or dispose for the good of others. I am just paraphrasing.

Nothing made me angry more than doing that.


Dear BEN, QUESION.

WHERE WERE YOUR while blowing the bubbles and allowing those B's to get into those situations?

Why are you angry now?
Why did you tell them?

We have "great technology" Printing press ( so do i, have nice pair of printers(:- ).

That is when Those B's you are angry about got the idea that you would print all money needed and give them taxpayers money. No matter what happned.


Dear Bernanke.

Sorry, but you are contradicting yourself.
Bubble was yours Dear Bernanke. Not the Wall Street wild shooters.

Dear Greenspan and YOu Dear Ben made them the Bastards they are.

Nobody else to blame.
Unfortunately for you.

History will be harsh on you and Dear Greenshades. Both.

Good Trading Dear Readers

boris said...

Dear Readers,
About DUG...

We could a bit early on this one. Ideally, I would hold my fire power till Early August, but As I suggested, Please only use small positions. So small that if needed you could add to it( possibly) early August ( if such happens).
That means you will/can not be heart.

Good Trading Dear Readers

boris said...

i MEANT hURT, OF COURSE

gOOD tRADING

Mike Truong said...

good morning boris,

How have you been? I have not traded but have been following the discussion. I recently review your updated prediction and notice that the major of a MINOR change in the USD direction does not occur until later this week. Is that why you are hesitant about your DUG call? Anyways I don't want to trade anymore and just watch so that I can learn to feel the market more. Interesting though that so many are calling for a downturn that it may not happen (to many people expecting it) or it may happen (everyone pushing down at the same time). So difficult to decipher unless you are a Sopitalist then it is just shooting fish in a barrel. Also I noticed that AUD is quite strong lately...A pre-cursor to another huge rally or the ultimate head fake? hmmm...

Good trading to you all,

Michael

boris said...

Dear Michael,
It is a good idea to let your system rest.
So that you do recollect your intellectual powers and learn a bit more and observe and come back(when desired ) with the cooler head.

You have the outline , and yes , of course, we may have to be stronger into xxx August and even any correction may or may not even show as a blip on the chart. So, Yes, if some people would rather wait, that would be fine with me.

On the other had( timing notwithstanding) the price projection was hit on DUG, just like on NOV( which produced phenomenal 35% profit in 19 days).

Good Trading Dear Friend Michael

boris said...

I meant 35% in 10 days, of course

xerxes said...

Good Morning Dear Boris...

xerxes said...

Dear Boris...I'm looking at a rising bearish wedge on the $SPX

xerxes said...

EURUSD surging towards 4th (from yesterday) Dear Boris :-)

boris said...

Good Morning Dear Xerxes,
"Looking at rising wedge"

That could turn out to be the case
Dear Friend Xerxes

xerxes said...

USDX making YTD low according to Bloomberg...

xerxes said...

EURUSD doesn't quit Dear Boris...

boris said...

Dear Xerxes,
I hear you , but It has been doing a lot of running in one place,

Frankly(:-

Good Trading Dear Xerxes
Nothig can escape our predictions

(:-0

xerxes said...

Yes, Dear Boris....It has been doing a lot of running in one place....

But not forever :-)