Sunday, October 11, 2009

Back to Critical Levels




Market is now back to critical levels from which it has fallen on Sept 24. As the picture below indicates though it is exahuasting the good will of UPSIDE GODS and burning its upside potential fast( blue oscillator).


182 comments:

boris said...

emini185 ready

boris said...

Update
DotNet

Wanderer said...

Dear Boris,
Good morning.
Happy Canadian Thanksgiving!
Thanks and good trading.

Bert

boris said...

Dear Bert,
Good Trading to you
My very Dear Friend Bert

Happy ThanksGiving

Wanderer said...

Dear Boris,
Thank you. I have a lot to be grateful for.
Your presence included:-)!

Bert

boris said...

(:::::::::::::::)

Dear Bert,
Welcome, and
Thank you
Dear , Very Dear, Friend

boris said...

Update DotNet

boris said...

Dear John,
ALl
Thank you Dear John
SPX is not moving because
exchange seems to be having problems

RUT appears int rouble as well
FIVE MINUTE Data therefore looks wrong

Good Trading all

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

xerxes said...

Good afternoon Dear Boris...

Buck in freefall...are they going to put some lead boots on her :-)

boris said...

Dear Bert,
Good Morning to you.
Euros Are running hard, while JPY and GBP are tame.

This is an ugly process for Dollar and it may continue for a while. It should be noted that Swissy has not made a new high yet , which is interesing.

Good Trading Dear Xerxes

xerxes said...

They say, Dear Boris, that there are only 3% USD bulls left ... the bears must be doubling down :-)

xerxes said...

Swissy has not made a new high yet

Dear Boris...Rome wasn't built in a day either....give it a few more minutes :-)

boris said...

EMINI 186 on DotNet

boris said...

Here is what we said at around 10 am this morning, with Emini around 1064 or so.

Good Trading ALL

10:04 ET, For Bears, this is a time to stay short, which I am not! And protect the gains

10:00 ET, For bulls, this is the time and price to buy, risk point or two

boris said...

Update ON DotNet

boris said...

We told our subscribers at

13:11 ET, Longs may take profits above 1070 and xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Good Trading ALl

boris said...

update on DotNet

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Dear Bert
Good Morning to you.
And good trading Dear Friend
Bert

boris said...

euro002.gif OnDotNet

boris said...

Update On DotNet
About Assets.
Not short term action, Asset Action

boris said...

emini 187 on DOtNet

boris said...

correction on DotNet

boris said...

Placeing stop at x4.25 .25 above sell

boris said...

stop x4.00

boris said...

stop x3.75 again

boris said...

3.25

boris said...

still 3.25

boris said...

2.75

boris said...

back 3.50

boris said...

3.25

boris said...

2.25

boris said...

2.75 back up

boris said...

3.25 back up

boris said...

3.50 back up

boris said...

2.25

boris said...

3.25

boris said...

3.25

boris said...

2.00

boris said...

3.25

boris said...

0.25

boris said...

out +3,75

boris said...

sell 9.75

boris said...

remove sell

boris said...

sell 9.75

boris said...

stop x1.00

boris said...

stop 80.75

boris said...

1.25

boris said...

0.50

boris said...

0.25

boris said...

0.00

boris said...

9.75

boris said...

9.50

boris said...

out +.25

boris said...

sell 0.25

boris said...

stop 1.25

boris said...

stop 0.75

boris said...

0.50

boris said...

out -.25

waldo said...

Good morning Boris, looks like everyone is on vacation today. Markets are crazy today, they are seeing weeds and think it is a good thing. The weeds they are seeing is left handed tobacco. waldo.

boris said...

sell 2.50; stop 4.50

boris said...

stop 3.25

boris said...

3.0

boris said...

2.75

boris said...

out -.25

boris said...

sell mkt ; stop 4.50

boris said...

sold 2.50

boris said...

stop 3.5

boris said...

4.50

boris said...

3.25

boris said...

3.50

boris said...

3.00

boris said...

3.25

boris said...

3.50

boris said...

4.5

boris said...

5.0

boris said...

3.0

boris said...

3.50

boris said...

3.00

boris said...

out 2.50

boris said...

+0.00

boris said...

Sell FXi 44.05( 08) and protect it at 44.17. YOur risk should be
MORE THAN MANAGABLE

The rest is upto god Himslef

boris said...

Or Buy FXP

boris said...

Please do not take big position and do not use exactly the same numbers and do not put the stop in ,

KEEP THE STOP mental, only you and your fingers will know where it is.

Buy not taking big position you will have some freedom of placing stops wider if you need, but still you should be risking peanuts. OK

ANybody who can lose $50 dollars on this well not be allowed to look into this board again

Good Trading

boris said...

you should have not even coffee money lost 5-8 cents, I suggest leave the postion and leave the tip on the table, still should los less than 10 dollars(:-

boris said...

We shall look into this trade later again

boris said...

Ok, so far , today, I had few trades,

I ended up with about 3 pt gain on Emini, so far, while losing the same amount of trades as gained , about, and haveing losses, to laugh at , any time I desire.

I demonstrated this work to you( I used to do this every day couple years ago) and the reason I did, so that you can see flaovor. HOw I work. THere is no road in hell any trader on Wall street can take to take my money away from me. There is none.
The used to have me over for many years, but not anymore, for last 5 years so, they are bend over I take their money.

The main point , to demonstrate though is that at no time have risked more than 1-2 points in SPX terms and that is the way I like.
The actuall losses were even less than that, something like 0.25, 0.5 at a time.

Now people ask me how can you trade that way. Well, I just showed how to do that. I do not have energy to do that day in and day out , like I used to, but that is the way to trade.

DO NOT LOSE rule number 1
Repeate this rule 100 times.

These are all the rules You need in trading ever.

Now you say, Ok, what if I lose 50 trades like this in a row. Well, even so you would have lost 50 times 15 dollars which is 750 dollars and if that did not teach you so that you do not lose all next 50 then leave trading to others and hang you hat. Otherwise you should be on your way to stardom if you only managed to lose 750 in 50 first trades(:-


Good Trading Dear Reader

Wanderer said...

Dear boris,
Are we due for a new seefuture chart soon?
Thanks and good trading.

Bert

boris said...

Yes, Dear Bert,
For all that have visibility inot the end of the year...

It, see note on DotNet
Good Trading
Dearest Friend Bert

boris said...

I will produce the continuation of it this weekend , I promise, perhaps earlier.

Good Trading Dear Bert and All Subscribers

boris said...

This last action looked like desperation attempt by Market to break the FAHAP curse. and was badly rejected.
This could start avalanche down, but need to wait for some confirmations.

GOod Trading

Wanderer said...

Dear Boris,
Thank you very much dear friend.

Bert

boris said...

EURO hits the area

Sell EMini 8450; stop 85.5

boris said...

85.25

boris said...

stop 84.50

boris said...

84.75

boris said...

buy 83.50; sell 82.75

boris said...

out +1
selling 82.75

boris said...

sell 84.25 ; stop 85.50
remove selling 82.75

boris said...

85.25

boris said...

84.75

boris said...

buy 84; sell 83.50

boris said...

stop 84.50

boris said...

84.25

boris said...

4.00

boris said...

4.25

boris said...

4.50

boris said...

-.075 in last two operations

boris said...

well, for now it looks like our station at 1083 has been taken out. I am still invested the same way in assets as this morning and made 3+ points in trading around today. Now It appears highly likely that next stage of confluence will be tested around few percentage points from here.

Good Like Dear Readers and Subscribers

boris said...

Now, just in case the market reneters back into our station, we just have to watch and play accordingly.

For now, the assumption is we are going higher.

xerxes said...

Good morning Dear Boris

xerxes said...

Dear Boris.....$250,00/head coming to a mail box near you soon....That should help with the 'strong dollar' policy :-)

boris said...

Dear Xerxes,
Strong Dollar may come, if Bernanke wants it or not. It may take time and in that time he will be thrown out of office with all his depression study books, but he will be leaving office in disgrace. Marke my words. He will be like Arthur Burns , our Fed in 1970s , whose policies are copy of Bernankes policies.

That , unfortunately takes time, meanwhile Dear B will be destroying currency with tacit support for Phseudo economists like L Summers and the rest of the of the economic support cast.

See how, they have Paul Walker there, telling them ( and then Paul tells us over the tv) how this is not right policy, but "OBAMA is not hearing it".

You know this is a second coming of Arthur Burns( sorry Ben Bernanke) being thrown out( with all his books) and Paul coming in to save USA again. Hallelujah!

I could not have written the script better. Paul is the guy, but they are keeping him "as no listen to(:- , asvisor" until conventinet time, when they will tell Bernanke.

"DEAR BEN, YOU HAVE JUST ECHAUSTED your usefulness to our society, If you think you can save America by destroying Dollar, I got news for you Dear Ben , It can not be done"


Well, Ok the last part was just my addition. They will strike that out. And just thank hime for excellent (dis)service of our nation and send hime to oblivion. Burns who? people ask. So will do our next generation , who will say "Bernanke who".

Oh that M... anybody can print money. Can you do something else?

Of course not. Central Bankers do not know anything anyway besided printing money.

Only Paul, has been able to do opposite. That is why they keep him close for right moment.

Meanwhhile, nothing to do. Dear B is intent on destroying Dollar and we just to navigate around that for a while

Good Trading Dear Xerxes

boris said...

I can not even get over the similarities of names of the cast.

(B)urns, Paul
(B)enranke, Paul

BP and BP same deal, from now on we can refer to this as BP episode it is coming. Remember it is coming. Now Dollar may get pretty low before BP episode is staged, but you cannot speead the historic events they have their own time schedule

Good Trading Dear Xerxes

xerxes said...

DOW formed an inverted H&S Dear Boris on 15 minute....run target some 3% or so more....

xerxes said...

thank you for the address on dotnet dear boris :-)

xerxes said...

(RTTNews) - Israel Shekel Rises To Near 10-month High Of 3.6971 Against Dollar....

I remember when the exchange rate would change twice a day, and never in favor of the shmeck, Dear Boris :-)

boris said...

Well, times are changing and
they will change again.

Banking Cartel is Desperate and they are running all markets overtime.

They will get thiers back though.

Just give them some time Dear Xerxes

xerxes said...

Can't believe my eyes Dear Boris...The buck ticked up :-)

boris said...

euro needs to go to 5th low if the top is considered to be in place. That is below here by ...

GOod Trading Dear Xerxes

xerxes said...

5th hourly or 5th daily dear boris :-)

xerxes said...

GBPUSD past 4th daily and USDCAD past 5th hourly...EURUSD lost 9 pips today...

boris said...

Thanks Deare Xerxes
For reporting

boris said...

EURO hits exact 5th.
HURA!

xerxes said...

are we beginning the 'Great Corrrrrrection' Dear Boris....

boris said...

Well, Dear Xerxes,
As usual I do not know.

It is possible that our numbers have been "DIVULGED" and market has carried beyond our FAHAP( ever so slightly) and X days beyond your top date ( every so slightly(:- ) to keep keep us off balance.

Not that I am off balance. As a ZERO RISK trader, I am positioned how I want to be. The only question is for short term traders. Now there we had lengthy discussions as to where we are and what we could be looking for to see if the top is in place.

I shall leave the rest for subscribers to refresh thier minds on those issues.

As I said, I do not know.
Nevertheless, My actions are what they are/were

Good Trading Dear Xerxes

xerxes said...

I know you do not know, Dear Boris; if you did, you'd be working for a firm called 'Boris & Goldman' :-)

Considering that AUDUSD is off 2 whopping whole pips, the 'Great Corrrrrrection', if it is starting, is having a very inauspicious beginning :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Dear Bert,
Good Morning My Very Dear Friend
Good Trading, Dear Bert

boris said...

Please note , my total operations conducted here yesterday have not been posted in the DotNet

Simply not time, but the result was as summarisded HERE!

+3 pts and no change on my position yesterday.

So, today's update makes the change

Putting this message in the DotNet as well, to remove any confusion as people may not read ONLINE/OFFLINE and they would be confused

Good Trading

xerxes said...

Well, Dear Boris...we passed 5th and EURUSD threatening to make new high ... I was faked out a bit by equity decline while EURUSD surged....

xerxes said...

The 'Great Rally' will have to wait for another day Dear Boris ... USD back under the bus ...

xerxes said...

Dear Boris....They seem a bit USDJPY bearish out East :-)

Oct. 15 (Bloomberg) -- The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.

“The U.S. economy will deteriorate into 2011 as the effects of excess consumption and the financial bubble linger,” said Daisuke Uno at Sumitomo Mitsui, a unit of Japan’s third- biggest bank. “The dollar’s fall won’t stop until there’s a change to the global currency system.”

“We can no longer stop the big wave of dollar weakness,” said Uno, who correctly predicted the dollar would fall under 100 yen and the Dow Jones Industrial Average would sink below 7,000 after the bankruptcy of Lehman Brothers Holdings Inc. last year. If the U.S. currency breaks through record levels, “there will be no downside limit, and even coordinated intervention won’t work,” he said.

xerxes said...

Dear Boris ... With USDJPY at 50, a cantaloupe will run about a 100 bucks...I'd probably have to live on a diet of Ramen noodles :-)

xerxes said...

Greenspan said he isn't concerned about USD's drop....If I was him, I wouldn't either Dear Boris...Doesn't he work for Bill Gross these days :-)

boris said...

Yes, Dear G,
Was never concerned about anything.
The only concern was to let the good times ROLL.

It behooves to former Sexaphone(If there is type it was not intentional) player(:-

xerxes said...

Despite being married to the blonde shikse, I think Greenie is a bit old to play the sexophone Dear Boris :-)

boris said...

Message On DotNet

xerxes said...

The 'devil's excrement' pushing 78 now Dear Boris ... Is it close enough to Goldman's target?

boris said...

Another update on the same subject

D said...

This weekend I expect people to be gushing:

equity bulls
orgasmic gold bugs
dollar bears
spx 1100+
dow 10k+
ndx 1800
gold 1100+

D said...

we are sooooo close to the top...

D said...

i forgot that EUR/USD over 1.50 will get everyone real jazzed too!

dimitry said...

Gushing blood, I recon

D said...

the bleeding should begin sunday evening, but we want to paper cut them. people bought all the way down last fall and they should do the same this time.

boris said...

Dear Dmitry,
Dear D,
Thank you for your opinions.

GOod Trading Very Dear Friends

xerxes said...

Good morning Dear Boris....EURUSD made a double top, overnight on the hour chart...AUDUSD still levitating higher....

xerxes said...

Dear Boris...first hourly and 2nd daily on AUD are the same ... Is that correct?

xerxes said...

Emini was on the mark, once again, yesterday, Dear Boris...

boris said...

Yes, Dear Xerxes,
Remember the daily is taken from different time measurments and if there is a big move in AUSTRALIA timeframe that will affect the "discrpencies" you see. For all currencies by the way. As long as there is not much move In AUSSIE timeframe things will look
"NORNAL" to you, but when there is a big move there, you will see what you see now.

Good Trading Dear Xerxes

xerxes said...

What hour of the day do the new AP's start at?

boris said...

Dear Xerxes,
That is a top Secret(:-

Good Trading Dear Xerxes

xerxes said...

How long will the noted change on dotnet last Dear Boris :-)

xerxes said...

Treasury was back to bitching about the renminbi Dear Boris ... Seems they want to democratize the USD's decline ... No currency to be left behind :-)

Wanderer said...

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

Bert

boris said...

Dear Bert,
Very Good morning to you
My Dearest Friend.
Good weekend and good trading
to you Dear Bert

boris said...

Dear Xerxes,

The trend change lasts as long as it stays down, when it goes up, I will tell you.

Good Trading Dear Xerxes

boris said...

interesting gold chart on DotNet

John said...

Boris

good morning
Been here but not posting

old john

John said...

Boris

good morning
Been here but not posting

old john

boris said...

Good Morning
Dear John,
I am infinitely glad to hear
from my longest friend.

I am sure all are, but I am
elated you are here.

Good Trading Dearest Friend

boris said...

Emini189 is on DotNet

boris said...

Red Arrows, by the way
would form a nice Head and Shoulders ha!(:-

boris said...

5 Minute
Data Up on DotNet
Good Trading

boris said...

Dear Xerxes,
YOu do not tell us anymore anything about what latest Bloomberg blongs are saying.

We are missing it

What is it did they stop talking or what?

Good Trading Dear Xerxes

boris said...

Market is stuck between the fifht and second daily thinking if it had enough(:-

xerxes said...

Dear Boris ..... I haven't been listening so I have nothing to post....I'll start up again next week ....

You must have been listening to the song 'Mellow Yellow' by Donovan today Dear Boris ...

And as we move along the mellow yellow lane, currencies are not in sync ....

boris said...

Update Message DotNet

boris said...

Dear Xerxes,
Thanks, We have been suggesring that the sync is get lost, slowly , but surely did not we.

Did not we say JPY will break the pack by end of September( will it fooled us and stated late, but boy it has made up on expectations) and then we said GBP hahaha... and Hahahah.

And meanwhile EUROS were going other way for a while. It is getting a bit

UNCORRELATED for you blood Dear Xerxes

Is not it?

Hang on we may get into corraltions again but all in good time

Good Trading Dear Xerxes

boris said...

Just in time , when everybody got so freakin used to correlations they are disappearing.

Is not this what your mother thought us, that , now you see now you do not!

We should listen mothers, they have SEEN a lot more than we have!(:-

Good Trading Dear Readers

Mike Truong said...

Dear Boris,

Isn't it interesting that everyone is being an apologist and rationalist for the debased dollar. Seems like the bottom for the dollar debasement is coming to a close or something....

Good trading dear friend,

Mike

boris said...

Update on DotNet

boris said...

Dear Michael,
I hear your sentiment and there is a lot to be said in its support.

I think though it maybe a more tortureous for either Dollar Bulls and Bears for a while. WIth eventual resolution into what we show in our projections. But it does not look it is coming as easy as that projection shows. It is taking a more tortureous path. That is Ok. As we need to look at our projections with sufficient flexibility.

Good Trading Dear Michael

John said...

Insider trading for a hedge fund. Guy got caught on the phone, first wire tap case for securities fraud.
I bet all the hedge fund bosses are now in process of getting new phones, I love it.


old john

boris said...

Dear John,
Thanks,
So, who will benefit from replacement phones(:-

investment Idea here;

Great weekend everybody

John said...

If they were smart they would get the the prepaid boost phones and change every 3 or 4 days.

If they were real smart they would go back to pagers. Sounds ridiculous but use pagers and then pay phones( hard to find)---
It would be very hard for law enforcement to combat that. The really big cartel people do that ( or did that years ago)


old john

xerxes said...

Dear John ... What is a 'boost' phone?

John said...

A boost phone is a prepaid version of a nextel phone that has the walkie-talkie capability

boris said...

Deare JOhn,
I think time has come for you and I to open the MAFIA consulting blog(:-

Let me know how you feel about this proposal, PLEASE(:-

Good Trading Dearest Friend JOhn

John said...

Boris

THEY would never catch me. How about you and I open a consulting firm to " enlighten" hedge fund managers? Just proves that some of these billionaires might not be so smart but are able to cheat. On the other hand, they have almost no " street" smarts . I would have loved to be on that wire tap,


old john

boris said...

GO Dylan GO

Ratigan On Sopitalism



Good Trading all