Saturday, August 08, 2009

Could be!


1009.71
1011.25
1013.74
1016.86
spx
1003.21
1001.67
999.18
996.07

Just looking at the picture I posted for you( initially for subscribers only), it is clear that SPX may have kissed goodbye to the wedge/Cliff it was hanging off for a while now. Yet, The clear momentum signs of turn on an intermediate term are not visible at all. They can be imagined by desperate shorts, but they are not truly visible yet. Nevertheless those who know how to test the short side maybe more rewarded at this stage than any time from the 867 July low ( where we made our last purchases).

38 comments:

boris said...

This is from our Dearest frind JOhn,

Corrupt?

You be the judge.
My take on it. It comes from Conservative mouth( howerver Pretty(:- ). So , what is new, perhaps that there is more of it under Democrates. It would be , for me, a message better received if it was coming from more impartial source. But, I can not disagree, cause I say the same on both sides all the time(:-

Thank you Very Dear Friend John

John said...

Boris,

I realized the source, seems as if there is no such thing as an impartial source anymore. More apparent than ever before in my memory. Conservatives seem to be more strident because they have the State Run media to contend with ABC,CBS and NBC. NBC is the worse since the administration pulled GE's chestnuts out of the fire.
As my man George said later in life" just a spectator now.

Back to market Monday- may dip my toe on the short side:)- small lot, a little patience, Fed meeting tuesday and wed. Old John

boris said...

Dear John,
I actually think that there is no more independent source. ONly the ones that have pretty good idea that entire system is corrupt, but do not have the power to change/affect the situation, until it blows up on its own...

Now, maybe I am too fast here. Perhaps Dear Sare Palin is the next face that will be given us as a saviour. "if dems and reps could not do it" perhaps Sara can do it it by being an "all encompassing umbrella". That could be the next ploy for the powers to be...

To say. OK we know, we admit the DEMS and REPS are all corrupt and we know you have been electing "LESS BAD" every election, because they were both getting worse every time. Now, how about fresh face ( bought and payed by the same dominant powers) to play new saviour for us

SARA

PALIN

Is she coming. And what will be the "less bad" after SARA.

I hate to think

12 parties like in Israel.

Well, at least, these are all JEWS.

What are we going to do in America, with 13 different parties.

I do not know, this musing will take me too far where I want to go for next couple days. So I will stop, but I thought I would throw, the signs I see for the future ( if there is one(:- )...

Dear John, thanks and let us hope things work out. There must be a limit to a "LESS BAD" is acceptable thing after all!

Good Trading My Very Dear Friend

boris said...

PLease note Dear Subscribers
The asset file is ON DotNet.

Please see it there.
Pay special attention how the Green Oscillators are at places where the markets in the past...

You will see and now(:-
GOod Trading

xerxes said...

Dear Boris....We have a big treasury funding scenario this week....What will they do to sell the damn things? Trash shares and commodities like usual or do they have other tricks?

lagscrew said...

click on u-tube as it goes across screen


http://www.thepracticalinvestor.com/new/thepracticalinvestor1/

lagscrew said...

http://3.bp.blogspot.com/_ZdctlOEsqMQ/Sn9N2foAOLI/AAAAAAAACEc/sV4kZeSLV6o/s1600-h/DC+Capital+01+Aug.+07+23.10.gif

Hopper said...

Thanks Lag,
Cheers

Hopper said...

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

Global shipping (bdi) is breaking its MT lows and heading down..

boris said...

Dear Lag,
Dear Xerxes
Thanks for updates

Good Trading Dear Friends

boris said...

Dear Hopper,
Thanks Dear Friend,
Real Good Info

boris said...

Gold Hourly AP's were incorrect and corrected now.

Sorry about that
GOod Trading

xerxes said...

thefuture

xerxes said...

Dear Boris...FOMC announcement on Wednesday...Bloomberg reminds us that the 300 billion USD Fed 'printing to buy treasuries program' ends in September. This may occasion the fed to use this meeting to announce an extension of the program. Should they make such an announcement, it could be curtains for the buck :-)

boris said...

Well,
Buck is so much down, but it can go lower(:-

Good Trading Dear Xerxes
I would be careful though, as asset files are looking not so friendly

John said...

Boris,

good morning, may commit a little on the short side today, will see what happens

old john

John said...

Boris,

good morning, may commit a little on the short side today, will see what happens

old john

boris said...

Dear John,
Good morning to you Dear Friend
Good Trading

Wait until the emini145 comes out to get more input before you make any decisions

John said...

Boris,
yes as always

thanx

old john

boris said...

Emini Up Loaded!
Find it on DotNet
Good Trading

xerxes said...

Gold past 2nd daily earlier Dear Boris...Is she done for the day?

boris said...

Dear Xerxes,
Not sure about gold, It is one of the most overbought situatio on oscillators( CDMA weekly etc.).

Can never tell, the metals are capable of incredible moves. I do not know, just waiting for my/our time

Good Trading Dear Xerxes

boris said...

Dear Xerxes,
Not sure about gold, It is one of the most overbought situatio on oscillators( CDMA weekly etc.).

Can never tell, the metals are capable of incredible moves. I do not know, just waiting for my/our time

Good Trading Dear Xerxes

John said...

Love to get GDX around 36 area again. If it can get there. ??

boris said...

Hourly Oscillators have been driven down without market being driven down too much. Shorts are still possible but iffy(ier).

GOod Trading Dear Subscribers, Readers

xerxes said...

Dear Boris....Don't forget to let us know when 'our time' has arrived :-)

Feels like the buck is in a rally but but it is losing to the aussie, kiwi, yen....

boris said...

Dear John,
Perhaps if we got to 35-36 area, I would prefer it then go to 29-30 area.

That wold have been my most prefereed area. Of, course around 35 or so one must continue nibbling(:-

Good Trading

John said...

Boris,

Thanx- have done nothing, a little patience here

boris said...

Little patience can save a big money. Yes, Dear John,

Dear Xerxes, I belive our EURO(related) invetments Dollar outlook has played with 100% bulls EYE precision. What did not play out yet ( correct, KIWI, AUD are staying stronger, with the market doing the same... HM... do they know something we do not?

Good Trading Dear Xerxes

boris said...

Brutish Lost 6 points or so, since predicted EURO trash!(:-.

Please do not take any action on this statment, because we did not disclose up to what date will this last and it will be error to assume this drubbing will continue long time!

Good Trading Dear Readers

boris said...

Does anybody see SELL SINN couples posts down on our EURO DOLLAR PREDICTION. Well, that was a real signal ( actually very close to the predicted top...)

GOod Trading Dear Readers


That is kind of things we do.
For the kind of services and fees please see the link of the same nema

services and fees on the right of the main post

Good Trading

xerxes said...

loonie is getting crushed Dear Boris....

xerxes said...

Will we get to the 4th daily for cable Dear Boris?

boris said...

Cable, Dear Xerxes
Is cabled today(:-

Its POUNDED into CENTS
That is what is going on (:-

GOod Trading Dear Xerxes

boris said...

Today we performed some variant of red arrows, it is clear that we prefered the dark arrow path, but once the red arrow was followed up into the 1010 area, it was clear thtat Red path was taking over.

GOod Trading Dear subscribers

Hopper said...

Hi Boris,
the price of gold today made me remember something I read a while ago, it went something like this... `the central banks are at war with holders of gold`.

John said...

Would love to see gold around 850-860-- GDX down to at least 35 to "nibble" on

xerxes said...

Good morning dear boris...

Dear John...I think everybody would love to pick up some relic in the mid 8's; so it will never get there, unfortunately :-)