Friday, January 22, 2010

Were You Reading This January 15











Posted by Boris Chikvashili Friday, January 15, 2010 1:25:11 AM (Market Report Page at http://www.antisopitalist.net)

12:33 ET, 113.15 is the place on SPY where the daily trend will turn down. If you are a short term trader and are not short , i suggest a) short a little there and the protective stop at today's high. and/or b) short after the retrace from that event, which should show about 50-62% retrace from the top of the day to the 113.15. So there, the strategy for those short term traders who are not short yet. Of course you could do better by watching the APs for retracement within the tables given below on that day, when the retracemnet happens.

05:45 ET, Please see the Asset Oscillators file and the GLD_Price_Time Projection Picture on the Asset Area. Note The GLD price time chart is on a daily bases. So, any day from today if GLD drops below 110 that would be a really bad news for gold. Of course if gold does not go up immediately then it falls below this Gold arc line( support) because the arc itself is rising and asking GLD to rally or die here.

01:29 ET, Things seem to be in slow motion , but underneeth the surface things are going on as expected. It , actually, is better that market did not go down right after 7th and it is playing up/around same prices and CREATING DISTRIBUTION. This morning Dollar is up, creating the trend down conditions for daily EURO and SWISSY. GOld is holding up a bit, but I think Dollar is just about to go higher again and this will/should be centered around Tuesday of EURO CYCLE, which encompasses today( +-2 trading days). There is weakness in AUDJPY and CHFJPY and that is helpfull too in that puzzle. The GBP rallied ( who would have thought of that(:- ). Of course, it seems like I was the only one to believe in that 4-5 months ago and now, of all people, GS/BSers seem to think the same way! ha? (Please, do not get the idea, that GBP is a buy today, it actually, could be a sell today, but we are talking about 5-12 month period ahead).Ok OIL, I think has topped nicely within our prescribed time frame and GOld could make a quick dive here that nobody expects. I would ditch any new long postions taken few days ago. We could have the two types of moves here , by 29th of January. One would be a gentle roll, but they way marekt has refused to break even a little and insists making new marginal highs( how many times did we predict that?), it could also, create a mini crash of 50-100 pts, which would bring us back to our idea of a 5-9% or so decline at some point before Mach. In short, asset allocators follow my announcments and short term traders look for daily/hourly APs to sell the highs and/or look for breaks and retracements after the down trend has been established. Of course, nothing is wrong with some scaling as well, that is, selling a bit by bit around here and upto 1160 in EMINI, with the protective stops around 1180(scaling means small postions, please).

44 comments:

xerxes said...

Good Morning Querido Boris

boris said...

Buenos Dias
Querido Xerxes

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.
Have a great weekend, dear friend.

Bert

boris said...

Dear Bert,
Have a GREAT
Weekend and
Good Trading
My Very Dear Friend

John said...

Boris

Good morning - been raining here in the desert for the last 4 days

old john

boris said...

Deare John,
We had 4 days COINCEDENCE
Of no sun and a considerable amount of rain.

Now Dearest Friend
we can talk to each other
As equals under the Climate
(:-
Unlike when you were shivering in CHicago, and I was swimming here last years(:-

Good Trading Very Dear Freind
I hope you did not forget to say hello from me/family

John said...

Boris

Always tell the wife when you say hello

You had some great calls lately-- even a novice like me made some money.

old john

boris said...

Dear John,
Thank You and Have
A nice, No GREAT
WEEKEND Dearest Friend

Good Tradng Dear John

boris said...

Dear Subscriber
Emini245 On DotNet
Good Trading
All

boris said...

THose who maybe still short
Please collect 50+% of position here and let the rest run

Good Trading

boris said...

Dear Reader
I reproduce here
a Picture, supplied by Dear John
Which is originally from
ContraryInvestor.com

Please see it on the front page. 4th pciture.

As you can see , without FED there is no housing market in USA!

Good Trading Dear John
And All Readers

Mike Truong said...

dear Boris,

i went long some spec calls on financials (MS and GS) for a bounce next week. Too far and too fast this move...May be stupid on my part..Have a great weekend dear friend.

Good trading all,

Michael

D said...

i bought GDXJ and NXG, but otherwise am looking for a flush as there are a lot of bulls stuck in positions that would love to have a pop to sell.

boris said...

Dear Michel,
Selecive play is OK.
Not sure about GS/MS and others,
at least not in public. I will give opinion over at Market Report.

Congrats D, I would think you got the sectors correct. Is timing ready or need wait more?

That I could only address
With Subscribers

Good Trading Dear Friend

Mike Truong said...

Dear Boris,

Thanks for the advice on gs/ms. I am just playing a short-term bounce (knife juggling :-) not an asset allocation. It is a small play and I have my exit point ready to deploy. I am slightly underwater on the play and will evaluate on Monday. Would love to hear your take on it in dotnet.

Thanks dear Boris,

Michael

Wanderer said...

Dear Boris,
Good day.
Great update (as usual) at the dotnet.
Thanks a lot.
Good trading, dear friend.

Bert

boris said...

Dear Bert,
Thank you So much
I just try

Good Trading Dearest Frend
Bert

Mike Truong said...

Good morning dear Boris,

I hope you had a nice weekend with your family. Watching Championship American Football was a great relaxer for me.

I just posted a question on dot.net regarding your conundrum. At your convenience and pleasure, would you look at it?

Thanks,

Michael

xerxes said...

Buenos Dias Querido Boris ....

Bloomberg suggests we short the relic and buy catalytic converters Querido Boris as the ratio has sunk from 1.8 to 1.4 and global auto production should increase platinum demand, driving the ratio back towards 1.8 ...

I'm sticking with my pieces-of-eight Querido Boris, until you suggest otherwise :-)

boris said...

Dear Michael,
Thanks for the post and
Please see the response
at the Dot Net

Good Trading Dear Michael

boris said...

Dear Xerxes,
I am not sure, economy is/will be strong enough, but cannot really make a clear statement on the subject.

Nevertheless, if one follows trend, there is no problem following the spread if it wants to go higher.

We can trade anything that moves.

GOLD/Platinum is no different from anything else, such as USD/EUR(:- ?

Good Trading Dear Xerxes

boris said...

Emini246
At
DotNet

Klaatu said...

Dear Boris,
Many thanks for the updates, strategy and tactics for the challenges ahead.
Good trading,
Klaatu

boris said...

5 minute data
ON
DotNet

boris said...

Dear Klaatu,
Welcome
Very, Dear Friend

John said...

Boris

Got it -- thanks

old john

boris said...

Dear John,
Thank YOu
Very Dear Friend

boris said...

Dear Subscribers
I think,
markets will wait for Dear Ben
Bernanke confirmation ( or lack thereoff!)

And then big move is expected On Wednsday

Good Trading Dear Subscribers

Mike Truong said...

Dear Boris,

I got out of my GS/MS calls with small profits...whew...Will wait for better trades out there.

Thanks dear friend,

Michael

boris said...

Enjoy Dear Michael
Good Tading
Very Deaer Friend

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

xerxes said...

Buenos Dias Querido Boris ...

Sara Eisen just told us that the S&P 500 rallies 1.1% on Fed days, stretching back to 2007 with most of the gain in the 1st 1/2 hour and the buck dives by 0.4% ...

boris said...

Dear Bert,
Good MOrning
And
Good Trading to you
Very Dear Friend

boris said...

Dear Xerxes,
Sara Is a very nice girl

Good Trading
Dear Friend Xerxes

boris said...

See note
on
DotNet
working on the
Emini247 chart.

boris said...

emini247
On DotNet

boris said...

After considerable Gyrations
We seem to be solidly
on Dark Path

Good Trading Dear Subscribers

John said...

Boris

Yes we are on the dark path.


old john

John said...

Boris

Yes we are on the dark path.


old john

boris said...

Dear John
Thanks
Very Dear Friend

boris said...

Update on
GOLD
at
MarketReport

Klaatu said...

Dear Boris,
E-mini and Feb.Gold neck and neck at 1100.00 each
Good trading,
Klaatu

boris said...

Looks like
a
Dark Path
Has ended Market Advance
for now

boris said...

Dear Klaatu,
Not to last(:-

Not to last

Very Dear Friend