Friday, April 23, 2010

Were You Reading This April 23 ?


Whether picture/count proves correct or not, we have made great gains already.

52 comments:

john said...

Boris

Nice call on currencies. If I were younger and more experienced I would trade them. But sso is enough for me

old john

boris said...

Dear John
Welcome
Dearest Friend

boris said...

CHF hits the Fifth of of
Beethoven's(:-

GOod Trading

boris said...

Gold is doing
excellent job confounding the bears

Lawrence Chiu said...

Hi Boris,

About your Safehaven post:
"Sell in May - 17 Apr 2010"

http://www.safehaven.com/article/16466/sell-in-may

The Dow made a much higher high today, so officially the sell signal is no longer valid since the stop would be hit, right?

Thank you.

xerxes said...

Come on Dear John, join us in the warm EURUSD waters; it's a lot of fun :-)

xerxes said...

20 bills a month to watch porn ... apparently porn is what the SEC regulates if all there staff is preoccupied with it ...

"During the past five years, the SEC OIG (Office of Inspector General) substantiated that 33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually explicit or sexually suggestive images using government computer resources and official time," said a summary of the investigation by the inspector general's office.

More than half of the workers made between $99,000 and $223,000. All the cases took place over the past five years.

"It is nothing short of disturbing that high-ranking officials within the SEC were spending more time looking at pornography than taking action to help stave off the events that brought our nation's economy to the brink of collapse," said Rep. Darrell Issa. The Republican is the ranking member of the House Committee on Oversight and Government Reform.

xerxes said...
This comment has been removed by the author.
xerxes said...

Shedlock's blog breaks down ownership of GGB's Dear Boris and the Swiss have the 2nd highest concentration, after France at 21% ... with 2 year notes yielding double digits, steeply inverted yield curve, CDS' to the moon, mr. market smells default it seems

john said...

xerxes,

"A man has got to know his limitations"

by Clint Eastwood in Dirty Harry. I know mine.

As for the SEC attorney- who got him the job? Some Pol or influential person in whatever administration made the phone call , wrote letter , etc to get this goof the job. This goes from local to national level.

old john

john said...

xerxes.

If you wish to know what US government is now all about.

Google= " Broadway Bank and mob"

Alex Giannoulious is a close friend of BHO and he is currently the treasurer of the state. He is running BHOs old senate seat.

old john

boris said...

Dear Lawrence,

I am afraid my formulation
the way it was written leaves that interpretation that you gave above

It is not the way it reads though, as indications were clearly given that market can go higher from the point where sell occurs.

So, the stop, needs to be , place, really , after the 80 th day has passed, not immediately, as it is visible from the chart that , almost, never the sell point ins exact high point.

So, I apologize that my writing leaves it a bit for interpretation unless, one looks rigorously at what is written and what the chart shows.

So, again, sell stops are not immediately placed.

GOod Trading Dear Lawrence.

Actually, this article is written to get the creative juices going for the reader, who can:

1) scale into shorts at any interval desired, upto 5% higher than the entry point

2) wait for second sell event

3) use some other, short term, methods to fine tune the short selling the markets.


So, No, interpretation I intended and I hoped most of people reached was of the kind I described, as I assumed everybody clearly sees that the points of first sell, are, never the highest in the neighborhood and market can move upto 5% higher from there , in some cases

boris said...

One more clarification to above.

Remember the idea was that half will be COLLECTED( short covered) after 80 days.

It is the other half that needs to be protected with a stop at original sell point. I hope this is clear.

boris said...

Dear Xerxes,
So, perhaps , SWISS will make great yields on their bonds.

What is wrong with that?

OF course, default is wrong.

But think of it this way.

It is better to be owed than to owe as a country!

GOod Trading Dear Xerxes

xerxes said...

Finance Minister George Papaconstantinou warned investors they will “lose their shirts” if they bet the cash-strapped nation will default.

Papaconstantinou said money will be available “rather soon” and his country wouldn’t restructure its debt.

Erik Nielsen, chief European economist at Goldman Sachs Group Inc., said in a report to clients yesterday from Washington that he sees an “overwhelming probability” that the government may cut or delay payments to bond investors

Papaconstantinou said a restructuring is “off the table...

Senor Papaconstantinou doth protest too much, methinks, Dear Boris ....

xerxes said...

When I download "bigpicture' the first one on the list, I get only a 1/2 page ... Seems it is incomplete/corrupted Dear Boris

boris said...

Dear Xerxes, Working on redoing the bigpicture1
Good Trading Dear Xerxes

xerxes said...

"Greece is not going to go bust" ... IMF

xerxes said...

While the Goldmen suggest default is the future, HSBC says nyet as many of the bond holders are in France and Germany, and, therefore, default would result in 2 bailouts, Greece and then those country's banks ....
But lots more cash will need to be ponied up Dear Boris, lots :-)

xerxes said...

"There is no risk of contagion" ... Elena Salgado, Spanish Finance Minister

boris said...

Dear John
sends us this very revealing title


Geithner, I Never had a real job

Good Trading Very Dear Friend John

boris said...

Dear John
Sends us this interesting revelation

Geithner, I never had a real job

Good Trading Very Dear Friend John

xerxes said...

10 year GGB spread climbed just now to a record 600 bp's Dear Boris

boris said...

Going swimming

Good Tradng

xerxes said...

B-berg says PIMCO exiting JGB mrk in favor of emerging mkt issues Dear Boris .... PIMCO says with debt/GDP of 200% and aging population it is time to sell ....

xerxes said...

Portuguese Government Bonds now yielding over 5% for first time since 2008

xerxes said...

B-berg says that Greece is in a 'race against the clock' Dear Boris

boris said...

When democrats, republicans, or politicians of any stripe tell you FED, GOVERNMENT, saved economy and/or made money for tax payers. Tell them: Dear Friend You are deluding yourself or deluding others on purpose. Government neither saved us nor made us money. Proof, Each American now owes close to 2000000 in debt, while SOPITALISTS got the money. Sopitalists, of course, are Government, unionized workers, Bankers on wall street, court-yard economists, well connected foreighers and corrupt media that does not raise this question and/or hides/escapes answers.
You reader, are now empowered to tell all (mis)representers above that they are wrong or worse, they lie.

Sorry, but this did not solve anything but deepened the gap between citizenship and made even hones, most frugal people, owners of debt so that few and powerful can enjoy the looting.

boris said...

Well, if had patience to write more diligently.
THe last sentence will say.

And made even honest, most frugal people, indebted beyond their imagination, so that few and powerful/connected can enjoy the looting.

That is all that happened in this make believe recession/depression. It was engineered by elite to make largest ever part of USA population impoverished and enslaved.

Good Trading All

boris said...

And do not anybody forget that it is not as if I say that now.

I have said it here and published widely that, this is exactly what was coming , in 2006/2007.

So, I was not just awakened. I know it all along this was planned and executed flawlessly.

Good Trading All

xerxes said...

March 2011 GGB rallied 1.5% off its low to show a gain so far today of 1/4% ...

john said...

Boris

Good swimming. Geithner needs a PR person. Either that or they just do not care anymore, they have all the marbles. It used to be a hall mark of America to work hard and better yourself. Now, have a cushy job and just admit, " I never really had a job" - and openly

old john

boris said...

Thanks Dear John
Yes,
Indeed.
It is OK, for you job
to be from cradle to grave in the
PUBLIC disservice, without even knowing who the public is?

Cause, you do not know the public, if are never one of them!

Sign of times

Good Trading All
Note, who better to screw the public then the one who does know it? Of course, the answer is in the above name. Do you think BHO bribers(sorry contributors) from wall street did not know what they were going after?

Good Trading All

boris said...

Please see the
Emini306 update
Market Report

xerxes said...

GGB's heading south again

gorli said...

hi boris, i can't sign in to the .org site!
gorli

Ivan said...

Very soon, STRONG move UP in EURUSD, very probably.

xerxes said...

Angela Merkel says agreement on Greek aid will take a few more days

xerxes said...

And there won't be any Gwrman aid agreement until the IMF package is ironed out

boris said...

Dear Gorli
See your email

xerxes said...

2 year GGB 11.205%

boris said...

Asset Update
On Dot ORg

xerxes said...

2 year GGB 13.697% .... Gimme a D ... Gimme a E

xerxes said...

Good morning Dear Boris ....
2 yr GGB 14.042%

xerxes said...

Greece 2 year is similar to Pakistan and higher than the 9% the Turks pay

xerxes said...

"Managed Default" is today's buzzword Dear Boris ... Haircut time for Greek bondholders Dear Boris? :-)

xerxes said...

20% unemployment rate breached in Spain Dear Boris representing 4.6 million souls in a total population of 51 million

Ivan said...

Dear Xerxes, I am not very bearish on stocks (for now), but Telefonica TEF:xmce is a great SELL here.

I don't know why and how but European car manufacturers look very good on my charts. Especially BMW, it has very nice configuration and should retrace 5-10% down soon but UP is almost guaranteed thereafter.

xerxes said...

Telefonica keeps offering lower rates, better deals, all the time Dear Ivan .... Sell! :-)

Ivan said...

I have only screened some main EU stocks, looking for trading candidates, and found it. You know more about fundamentals :))

Ivan said...

On weekly basis, USDCHF is BUY for me. We could visit 1.06 area (or not) but after 3-6 weeks we should be higher than now. Of course, the things change quickly, so be careful...

boris said...

Dear Ivan
thanks,
Let us please move
to new post

Good Trading