Saturday, August 22, 2009

Should be hard, but market moves higher


36 comments:

xerxes said...

Good mornimng Dear Boris...

The chart is pretty convincing Dear Boris....boom times are here...the best part of the rally may have already started, according to some ew mavens, an impulsive wave 3 targeting 1250ish....could we be looking at 175 for eurusd and 1325 for the relic and 20 for the subrelic? or do you think we'll get a real decoupling of shares from other antidollar elements?

as usual, i'm confused a bit as your turn date discussion on dotnet could be a bit pithier dear boris:-)

boris said...

Dear Xerxes,
Forget the turn dates,
Just look at the picture and follow it.

Perhaps, what I say is just too much. Frankly, I should probably say nothing, as I am perhaps confusting issue.


Chart did all the work and I should shut up(:-

I wish I had those kind of chart some 15 years ago, when I was making a lot of money in computers, but losing just as fast in the market.

I think that is the best I can do.
Be quiet!(:-

Good Trading Dear Xerxes

boris said...

Ok,

ALLEGATOR TEARS again.

Dear(est) Buffet.

On 10 th of August. Bloombert reports Buffet is 11 billion Dollar worth of Bonds invested in None Dollar Foreighn Bonds.

It appears the Beacon of truth and Bastion of USA investments adn cuddly uncle Warren is betting against Dollar again YET!

And what do we see next?

OOOOOOOOOOOP ed ! Or is called OpEd in the Wall street Journlal about how the USA policies will kill Dollar if it is not IMMEDIATELY reversed!

THis is is not Crocodile tears any more.


NO NO ...

This is much bigger.

This is what I now term

BRONTOSOURUS tears

What the hell is BRONTOZUARS.

I am told it is kind of
DINOSAURS.


OK. there you have it!

This is the man we are supposed to look up!

And peple look upto him, of course.


How many peopole read on the street have read about Buffets investmnets in Foregn Bonds?

For all practical purposes ZERO.

Who the hell reads these kind of things, when it is hard to put bread on the table and who will read it when it is easy to put the bread on the table.

You know what I mean?

Yes, you do ( see Gerge Carlins video).

How many people do you think have been (mis)Informed via more earthly outlets, like WSJ Oped that the Dollar is going to hell?

Everybody and their brothers, because every mediate outlet quoted this.


So there you go.

Americans feeding the Dollar to Dear uncle Warren who will by them first and suddently will find himself invested in US dollars at the right time( which our subscribers know(:- )
And declare himself PATRIOT act(:-

Good Trading Dear Readers

boris said...

Dear Jimmy the Rogers writes recently, ON GOLD:

If it goes down I'll buy some more, and if it goes up I'll buy some more.

You know Dear Jimmy welcome to the "ANTISOPITALIST state of mind"

It looks like he may have been reading my writings again.

Sorry, Jim, just joking, but it is interesting that you think ( for a change) exactly the way I do about GOLD

Of course, nobody should underestimate the ambiguity of the above statment. What is "SOME" for example, how much is that? And how much gold Does Jimmy have now, anyway? and what is it mean "GOES DOWN" or "Goes UP" for that matter of fact. Up dn/or down by how much.

YOu see! things are so complicated even when they seem to be so "clear".

What is one to do when things are not even half as "clear".


STAY THE HELL OUT!
WHEN IN DOUBT STAY OUT!
WHEN YOU THINK THAT WHEN YOU LOSe THE MOST!

I hope this is all clear, very clear!

GOod Trading

boris said...

Reading my above post,

It will become clear, why I have the rule Number 2 in my trading MANIFESTO.

Never worry about the money you did not make, wait for next bus(trade).


Do you think under this rule I care, if I did not make money, yesterday or last week. Not a fat chance.

I am always happy that I have not lost any money yesterday, last week, or last year. I can not say the same about last decade as became real good at what do only about 5 years ago!

There, I do not write this staff to be drammatic or to learn ENGLISH ( I can not read ENGLISH, corrections if I never read what I wrote(:- ).

I write this because it is the most profound thing I can teach you as a current and/or future trader.

Repeating this thing as many times as I can is the best advice I can ever deliver to you. Even when you subscribe, pay money, You do not get advice as good as this.

When you subscribe, though, you get the tools to make these rules happen! Hallelujah!

Do you think nobody has ever told me these rules! Come on. Many people have done so. The only problem was that they never delivered the mechanics of trading toold and rules that I could accomplish the two major rules of trading.


Do not lose money
Do not worry about money you could have made


OK.

Good Trading

boris said...

Still, do not get me wrong.

I do not remember what I learned from whom, but my education would not have been possible, if I did not get something from everybody I ever interracted in this business. As a subscriber, as a systems designer, as a adviser etc. I always learned. It is just it got all so meshed up with my own work in my own blood that I cannot anymore point out what I leanred from who!

Some things, if forced, I can remember, but truly, I just cannot in general, tell you where certain actions of mine come from.

Just the same way PELE could not tell you why was he so skilled stopping the flying soccer ball with his chest or feet. Because it was all in his blood. He could no more differentiate the innate from learned.

That is how one become professional when actions just come and reason is not always clear or even geven.

Of course, there may have been years preceeding that stage, where one has made every and all facts journaled and rehashed and rehashed them. But when it is automatic, that when it is the best.

As trader, or football player, or waitlifter or music writer or singer, one feels the atmost satisfaction and free expressionism when it is all automatic.

Ok, maybe still not 100% automatic as every stage of acton is different and Michael Jackson may have been a bit apprihansive before he went in front of the Japanese audience, as it was not clear if his "AMERICAN" act will go as will with Japanese.

I am sure Michael, was always himself and that is an univeral language, Japanese and Arabs and Europernas and Americans can relate to.

Being self. That is what is at stake and that is what one needs to learn before acting with confidence in the markets.

Let us dring for being self!

GOod Trading

John said...

Boris

Good morning

old john

John said...

Boris

Good morning

old john

boris said...

Good Morning Dear John,
Good Trading Dear Friend

xerxes said...

good morning dear boris....busy weekend for you; thank you

industrial orders in euroland this morning dear boris

boris said...

Good Morning Dear Xerxes
Good Trading

xerxes said...

loonie hourlies are very tight dear boris....does that have any special implications

xerxes said...

forex guru on bloomberg says that if consumer spending numbers on friday aren't strong, mkt may conclude that the 2nd leg of the recovery is awol and this could pressure risk trades

boris said...

Dear Xerxes,
Probably waiting for some news

GOod Trading Dear Xerxes ( about loonies)

xerxes said...

cad retail sales at 8:30 this morning...

2,5,7 yr treasury auctions this week..record amounts i think bloomberg said

xerxes said...

loonie in 4th/5th hourly range...if they thump the buck here it could decline quite a bit ...

boris said...

XXX update on dot net

boris said...

Dear Subscribers, please see the emini154 on the DotNet

boris said...

Morgan Stanley have updated energy stocks to buy today.


Well, that somehow, does not surprise us , does it?

Good Trading Dear Subscribers

xerxes said...

looks like they sucker punched the single currency here dear boris

boris said...

Please read a minor alert
On DotNet

xerxes said...

not such a 'minor' alert dear boris :-)

xerxes said...

equities just keep grinding north

Vishal said...

http://www.zerohedge.com/article/joe-saluzzi-stock-market-and-broader-economy

Read the text, the video is all serious.

Excerpt :

Another classic post from Spock (aka Rasputin) at Pru Bear Chat:



"Without resorting to a bunch of past-tense "snapshot" fancy charts and graphs of various "M's", and with minimum verbiage and NO links for a change, please allow this Vulcan to lay out the simple case for why--and how--the Fed and Uncle Sugar will continue to re-blow asset bubbles, especially in housing and stocks.

First, the "Why":

Because the Fed is on the hook for TRILLIONS of fiatscos of toxic, dead trash. Much of it real estate related in the form of MBS, CDOs/Squareds/Cubeds. Furthermore, the Fed has ALSO flung plenty of fiat to other securitizations such as those for motorcycle loans, credit card debt and student debt, among other junk

And please don't forget that the Fed has also backstopped the entire money market sector, and Uncle Sugar is NOT ONLY in the mortgage finance business in a big way with the nationalization of Fannie, Freddie, FHLBs and the pumping up of Ginnie (to the tune of SEVEN TRILLION FIATSCOS), but also is in the auto manufacturing business too (with the nationalization of GM and Chrysler).

(Spock): So, clearly the Fed and Uncle have a vested interest in re-inflating asset prices, especially houses and stocks, as the Fed is on the hook in a major way for the backstopping of these sectors. Therefore, it is in the Fed's best interests to re-sky housing, keep the stock markets and money markets levitated, and otherwise keep the sheeple spending and speculating in order to EVER have the hope of dumping the toxic trash they have taken in--either back to the Wall Street gamblers from which they received the gunk, or on to Uncle Sugar's lap.

In addition, Uncle needs the asset bubbles to reflate so that his houses continue to "appreciate", the lambs become wild speculators again, and his tax revenues rise.

Now for the "How":

By hook or crook, by currency debasement, by Uncle becoming the "mortgage provider and landlord of last resort" for ten million homedebting sheeple, by continued and increased "Cash for X" programs, by more and more "Algo/Igor/Robo" action in the stock markets, by punishing "Cash Hoarding Seditionists" and taxing their PRINCIPAL if necessary to compel them to spend and speculate, by monkeying with the tax laws to give more incentive to go into debt for commercial real estate projects, by Uncle becoming the "employer of last resort" and creating make-work jobs to keep sheeple occupied and able to make some kind of monthly payments for McMansions and McAutos", and by more "Stimulus Packages" of upwards of THOUSANDS OF FIATSCOS of direct payments to lambs, with the explicit orders to "Go crazy, folks, go crazy!!!"

boris said...

Dear Vishal,
Thanks and good trading to you

My Dear Friend

boris said...

Dear subscribers,

Hold Onto XXX(:-

Good Trading

boris said...

Then There was a change?
AnditDollar On retreat.

Good Trading All

John said...

Boris

Just a warning shot?

old john

John said...

Boris

Just a warning shot?

old john

boris said...

Considering our expectations,
You maybe right Dear John.

Indeed Dear Friend John, that could be
what it is

John said...

Boris,

Been around you too much

old john

boris said...

I guess so, Dear John,
I guess so, It is amazing.
This is becoming telepathic between us.

It is scary!, but I in a good way(:-
Good Trading Dear John

xerxes said...

Dear Boris....Gold got thrown under the bus..Monday blues?

boris said...

Yes, Dear Xerxes,
Antidollar was pathetic today.

Good Trading
Dear Friend

John said...

BHO must have had the ok from GS to renominate BEN. Kind of funny considering where we are at. Would someone like GS be selling into all of this strength>?

old john

John said...

Head of the afl-cio is now the head of the New York Fed. You have to love it.