Friday, April 09, 2010

Top is near, timing preserved



86 comments:

boris said...

boris said...
Market on schedule to
...
see
Market report

4/08/2010 2:23 PM


boris said...
Another Perfect Path
COMPLETE(:-

4/08/2010 3:52 PM


xerxes said...
Good Morning Dear Boris

4/09/2010 1:50 AM


xerxes said...
B-berg starts the morning with an interview of James Galbraith and he tells us that his biggest fear for 2010 is a full-blown meltdown of the European Union Dear Boris ....

4/09/2010 1:57 AM

xerxes said...

7.387% now for the GGB ... surging Dear Boris but the euro doesn't care at the moment

Ivan said...

GBPCHF could be SELL at 1.6440 - 1.6450, for 150-200 pips.

Ivan said...

I am sure 80% EURUSD have to make at least one more dive, soon. Based on daily graph...

alexnewbee said...

good morning everybody.
looks like gold is on the way to 1300!

xerxes said...

According to Armstrong Economics, Dear Alex, a weekly close north of 1162 begs a retest of 1228 at a minimum ....

boris said...

Back from swimming
Good Trading all

alexnewbee said...

Dear Xerxes
and closing below 1162 begs a retest of 835? :-))

Ivan said...

Dear Xerxes,
could you imagine that EURUSD will hit 5th High Intraday, in the next 3-4 hours?

xerxes said...

Not quite 835 Dear Alex, not quite, but he did mention 1028 and 930 as support :-)

xerxes said...

Why the next 3-4 hours Dear Ivan? Am I the only one here without a hotline? :-)

alexnewbee said...

Oh my .. Dear Xerxes!
but I cannot believe gold will ever go below 1100 again.

Ivan said...

Dear Xerxes, ha-ha...
My experimental system says: if EURUSD doesn't drop strongly here, in the next 2-2.5 hours we will get BUY signal that will quickly move EUR up for min. 50-60 pips... :))

xerxes said...

Maybe the relic will print numbers south of 1100 if he divorce rate on the Indian subcontinent surges :-) I just post Armstrong's comments as entertainment for the board readers; I figure that as long as the Fed keeps buying paper and ink, we all know what the general direction of relic prices will be :-)

xerxes said...

You need to tell us about your system Dear Ivan; Maybe we can improve it :-)

I went short on EURUSD after the hangman formed on the 15 minute at 12:45 as it was near an AP and momentum seemed to wane so I'm praying for parity now :-)

boris said...

emini296
both places
Mreport
and
Files
areas

boris said...

update
on Market \Report

boris said...

do not like the action
placed BEven stop

boris said...

resold

Ivan said...

Dear Xerxes, was I right? I mean, my system.

xerxes said...

Nice call Dear Ivan

xerxes said...

Didn't see your post, Dear Ivan, until just now .... Your call was great; What color is your hotline :-)

boris said...

standing
at break even again

boris said...

out +0

Mike Truong said...

looks like 1200 is the magnet. If I was a betting man, I would say that it hit that on Monday before 11 am et. After that up/down I have no idea but I think down is more likely...

boris said...

Ok,
Once IHAP5 was broken
DHAP2 , HERE WE COME
(:-

boris said...

Dear Michael
Thanks
Good Trading
Very Good Friend

boris said...

Visiting
Relative,
Have a nice day
and weekend everybody
GOod Trading

alexnewbee said...

dear Xerxes, does it count as a close above 1163? the way to 1500 (or 5000) is free?

Ariel said...

Dear Boris.
Can you please provide your general opinion concerning the Shekel future. I am not speaing about specific prediction, rather this yar genral outlook.
I still remember your 2007-2009 outstanding calls.

boris said...

Dear Ariel
we have let some info "leak out"
on our Dollar future and that can be found looking back last 3-5 blog comments( three is a comment search button, somewhat below on the right hand side that you can use, not the upper search field for comments search). I hope that gives you an idea. simple recap here is that we think that dollar has topped at AHAP1 82.50( 9 cents away from AHAP1). Now you can think what Shekel with that. I may publish next article, specific to SHEKEl and hopefully then all will see that.

Meanwhile I hope you can have some inferences from the above comment about DOLLAR in general

Good Trading Dear Ariel

xerxes said...

I don't know, Dear Alex, if Sr Armstrong would be dogmatic and state that the target wasn't reached and therefore we must wait .... I'm guessing that we are looking at a steamroller here and it is gonna do what steamrollers do, roll baby roll :-)

xerxes said...

Querido Boris .... Greece is to get some cash according to B-berg ....
Which way EURUSD manana :-)

Ariel said...

Dear Boris,
Thank you for the prompt response.
I am looking forward with great deal of anticipation to your article concerning the Shekel (if you decide to publish it).
Meantime, it seems that regardless of the general US basket movements, Shekel has only one direction straight up against the Buck, Euro, Yen and you name it. And even Stanley cannot help it.
Thank you once more,
Ariel.

xerxes said...

"With today's decision, Europe sends a very clear message that no one, any longer, can play with our common currency, no one can play with our common fate," Greece's Prime Minister George Papandreou said in a statement.

With this level of conceit dear boris, maybe they drive eurusd down to show papa who's the boss :-)

john said...

Buy the rumor and sell the news?

boris said...

Well,
How could the wold do what we knew years ahead. I do not know. I do not, but I am as amazed as you are by events.

First they come and drive the EURO down exactly at a time We predicted and saw the hysterics for , exactly, what it was and now, they are driving it the other way, just when we told the wold the Dollar has turned?

HOw could this be dear Readers and Subscribers. How could it be. How is it that, Boris, yours truly, can "SEE" events that far and precisely in the future. How could this be?


Well, because there is perfect order in this wold and I have, I think( humbly) uncovered that order. This is not to brag and this is not to unnecessarily get in our heads that we are invincible. But it is to show that there is an incredible order behind the apparent disorder and it takes a trained EYE( like mine) to "see" it. This is fact, for our subscribers and even casual readers know that we made internal and public predictions that turned out to be true with great timing precision.

I can only try here and give the credit to those who listen to me and appreciate, for , if it was not for them, I may not have much of an incentive to do what I do.

My Subscribers, Readers are the force that keeps my Eyes and Brian sharp to "SEE" what is seemingly impossible to see.

In fact, as strange as it seems, We can predict the the events by knowing what the markets are going to do.

For example, when EURO bashing started, Around November, we knew that it was PLANNED and It was on time and, while we could not tell you exact form EURO bashing will take ( before November), we KNEW that there will be "GOOD REASONS" invented and/or played out to make EURO BASHING work.

So, now, I cannot, endow others with my ability to "SEE" the future. That may happen on its own as my subscribers see me in operation and after much time observing they can learn themselves how to predict future. It took me 20 years to arrive to this ability. But observing it happen over and over again, is an undeniable evidence to my followers that it is possible and therefore they should persevere in their own efforts to study more and ability of FUTURE VISION will come to them.

We may not be able to tell exactly the events that will be CONCOCTED to make that future reality, but we, usually, have a pretty good what it maybe and CERTAINLY, see as soon as the TRIGGER EVENT SHOWS UP. Like the GREEK CRISIS (:-

Good Trading All

xerxes said...

looks like they bought the news Dear John :-)

Ivan said...

Dear Xerxes, Hotline service:
SELL gold in EUR (XAUEUR) :))

xerxes said...

Thank you Dear Ivan :-)

xerxes said...

Well, Dear Ivan, I must be the dullest anti-sopitalist in the western world :-) I'm still trying to learn chart patterns :-) The EURUSD 'W' pattern confirmed with the overnight breakaway gap but it hasn't reached the top of the pattern and it is said that position traders should be sellers now and only rebuy with a breakout above the pattern start at the 1.38xx area ....

alexnewbee said...

good morning everybody.
scratching my head, why Greece bailout should be good for DAX and FTSE. And looks like it is not me only. sell the news?))

Ivan said...

Dear Xerxes, I thought on short-term...
On IT basis, for EURUSD, I am not sure the game is over. But, you know who is the master on this blog... :))

alexnewbee said...

they just wanted to produce a short squeeze in Greek bonds - so that Greeks can sell them. GS pays for Greek bail out? LOL

xerxes said...

Well, Dear Alex, B-berg just had a guest discuss the rescue package .... He outlined Greece's fiscal hurdles and the adjustments required .... This package is just a short-term can kicker; that the adjustments required are astronomically difficult and that in all likelihood, Greece is simply fooked :-)

xerxes said...

Interestingly, Sr Armstrong describes October 2010 as being extremely volatile; maybe that's when Greece or someone else (UK?) blows sky high :-)

Wanderer said...

Dear Boris,
Good morning.
As always, Thanks a lot!
Good trading.

Bert

boris said...

Dear Bert
Very Good Morning
And
Good Traing
my Very Dear Friend

xerxes said...

Good Morning Dear Boris

boris said...

Good Morning
Dear Xerxes
Good Trading
Very Dear Friend

xerxes said...

SPX/DOW has rallied almost every single Monday for months now, a PPT routine it seems .... Will today be any different? I say no but I wonder what Dear Ivan's experiments tell us :-)

Ivan said...

Dear Xerxes, unfortunately, I didn't experiment with that.

Gold in EUR is down 1 EUR from this morning, but I think it will go down 3-4 EUR more.

And pay attention on GBPUSD. Tomorow/Day after tomorrow, it could explode on the upside (150-200 pips).

Ralph said...

Dear Boris,

I hope you do not mind me posting this here but I know you qualify as a great trader. This is a comment from smilinghiker who I follow on twitter and disus:

hiker posted: cut and paste shown below from an email composed by Larry Williams today, the author of Technical Analysis books and with Tom DeMark developed the very foundation of the DeMark Sequential method ... Larry also developed other technical indicators such as the Williams indicator and the ULT:

my son, Dr. Jason Williams, is a psychiatrist at Johns Hopkins. Jason has access to a personality test
that has been used to determine the traits most common in, say, the most successful doctors, lawyers, engineers, etc.

I asked him if we could use this test to find the common traits in winning traders.

"Pops", he replied, "Can you find any? Because if you can, we would be able to determine what they have in common and, from the data also understand what parts of the self could be worked on to become even better traders"

So here's where the WANTED part comes to play. I am looking for men or women that have been consistent winners in the markets for at least 3 years--the longer the better. I will provide the tests and all the costs; you will get your profile ( I learned a great deal about myself from the test that takes about 20 minutes to do).

We will then do an assessment of all the profiles and provide you with what we uncovered.

Eventually we will do this with people that just can't make a dime trading for comparison purpose.

If you qualify, or know of someone that does, please email me your address and I will send out the materials. All names, etc., are held in confidence. You will not be identified in any manner whatsoever.

---------------

for those interested, you can be resourceful and contact Larry Williams at his website....

Ireallytrade.com ...tell him "smilinghiker" sent you, and please represent your qualifications to take this test at
Larry Williams' cost on your own merits.

boris said...

emini297
on DotOrg

boris said...

Dear Ralph
Thanks Very Dear Friend
Good Trading to you
I shall think(:-

boris said...

Just as a joke that approaches truth.

I think one of the most important characteristics of winners are:

1) Love of trading as an intellectual challenge
2) Hard behind, so that he/she can sit on it long enough to learn what needs to be known
3) courage
4) total aversion to loss

the rest, who knows(:-


Thanks Again Dear Ralph

boris said...

Just a comment,
In previous comment
3 and 4 are not mutually exclusive
because of 3 being the mitigation factor!

(:-

boris said...

I have lost email communications.
5 min date will be a bit late

xerxes said...

Interesting call dear Ivan :-)

xerxes said...

Jim O'Neill of Goldman Sachs says the Greek drama is not over so expect more pain for the euro as it will 'drift' towards 1.20 Dear Boris .... I wonder how a currency 'drifts' down 12% in 8 months Dear Boris :-)

xerxes said...

BIS: Bond Investors Are Fools, Western Debt Much Higher Than Official Figures, Recovery of World Economy May Be "Crushed"

In a new report, the Bank for International Settlements (BIS) - often called the "central banks' central bank" - points out that bond investors are short-sighted, and that Western debt is much higher than officially reported, since no one knows what the contingent liabilities and pension debts really are, and that the recovery of the world economy may be crushed by fiscal problems.

If countries do not retrench quickly, they will create a market fear of "monetization" that becomes self-fulfilling. "Monetary policy may ultimately become impotent to control inflation, regardless of the fighting credentials of the central bank" it said.

Some states may be tempted to carry out a creeping default by stoking inflation. "The payoff to do this rises the bigger the debt, the longer its average maturity, the bigger the fraction held by foreigners." The BIS said the danger that any government would consciously take this path is "not insignificant"

Of course, a brutal fiscal purge in every major country at once itself poses a danger. The result would be to crush recovery and tip the world economy back into crisis, making deficits worse again.

xerxes said...

The BIS says bond vigilantes are fools Dear Boris, fools .... I thought they were supposed to be the smartest guys/gals in the room :-)

xerxes said...

"Rehn said all euro zone countries would pay proportionately to their share in the ECB's capital, making Germany by far the biggest lender, followed by France and Italy."

But O'Neill of Goldman said that Greece is just a side show, a practice run, as the real prize is ITALY; so it is quite comical that Italy will squander some pelf to aid Greece ... hahaha :-)

boris said...

Asset trade
At Market Report

boris said...

Dear Xerxes,
There are no more bond vigilantis any more.

They have all been gotten second bar mitzva and were reformed into currency traders(:-

Good Trading Dear Xerxes

xerxes said...

Good Morning Dear Boris ....

boris said...

Good Morning Dear Xerxes

Good Trading Very Dear Friend

boris said...

EUROPROJ update on DotOrg
Also, new Asset file

Mike Truong said...

Thanks dear Boris. Also we should ignore the price scale and just look at the shape of the prediction correct?

Good trading dear friend,

Michael

xerxes said...

B-berg says that the Greek threat has passed as the default risk has evaporated and contagion risk has receded as well

boris said...

Dear Michael
Yes. Correct, in outlines, the form is important, the levels can not be trusted, even though often they work.

Good Trading Very Dear Friend Michael

xerxes said...

Greek auction well bid .... B-berg is happy Dear Boris ....

Ivan said...

Gold and silver in USD are in SELL mode. They will likely retrace some losses (go up) but I think, the 3-7 days correction has started. The same with AUDUSD.

alexnewbee said...

not only BBerg, dear Xerxes.
Germans too.))

xerxes said...

So far so good Dear Ivan :-)

xerxes said...

Gary Schilling Says EURUSD will reach parity ... Now is a good time, he says to add to eurusd shorts .... Saw him say it myself on B-berg Dear Boris

xerxes said...

The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion. The current lending participant group of 26 entities will be increased by 13 new members all of whom will contribute token amount of capital to the NAB. The one country most on the hook in the new and revised NAB - the United States of America, will provide over $105 billion in total commitments, or 20% of the total facility. The US is currently on the hook for just $10 billion, meaning its participation in global bail outs just increased by $95 billion. And the bulk of these bailouts will certainly be located across the Atlantic. What is most troublesome is the massive expansion of the NAR. If the IMF believes that over half a trillion in short-term funding is needed imminently, is all hell about to break loose.

john said...

Boris

good morning- a little swimming?

old john

xerxes said...

Dear John, did you read about what Senator Schumer has in store for you ... He wants you to register your house so that DEA agents can come over and inspect your HVAC systems, microwaves, washer/dryer, dishwasher, stove/ranges and any kind of small motored items you may own .... If they don't meet official approval, well, you'll need to buy new ones :-)

boris said...

Good Morning
Dear John,
Did you go swimming
?

Yes, I went to the see and swam today.

It was nice, high waves though
Good Trading My very Dear Friend
John

boris said...

emini 298
IN files area

boris said...

Asset Action
Update
On Dot Org

boris said...

Update
On DotOrg

boris said...

We have
Just collected 9 pts from yesterday short at, almost, precise top 1195 for EMINI

We have does, over 145 pts for last 5 months of trading without a single loss higher than 2 pts and we have over 500 Emini gains since the bottom of 2009 March 6.

Not bad.

And it was all done by never having a draw down of larger than 2 pts on the average for any given trade.

That is what we call trading without ulcers

Good Trading All

xerxes said...

George Soros is still warning us that Greece could go into a death spiral ... So what's his book look like Dear Boris :-)

boris said...

new post Dear Xerxes