ANTI-SOPITALIST: Market looks for direction

Sunday, January 07, 2007

Market looks for direction

Dear Reader, Markets are searching for direction here. Best way to look at them is via prism of group strength. If Golds/Oil are looking strong and indices are not looking so strong this could be clue together with elevated averagebuypressure(cyan) line. The path of least resistance has been lower, but the market refused to give up much of a ground. So it has either unfinished business on the strong side as the "how to sell the top" DOW projection suggests or even stronger rally if QQQQ breaks a new high. XOI and GOLD are in for better days early next week judging by their group "ready to jump" status. What will be the trigger?. Good Trading

3 comments:

Unknown said...: Hi Boris,
Could you explain what the buy average indicator is and how it works? Thanks.; 1/08/2007 6:57 AM
boris said...: Dear Jebuskrite, buyaverage indicator is simply the 20 day average of the buypressure. So that it shows an intermediate picture of the market, versus buypressure which is a day to day measurment.
Good To see you and welcome all other friends returning from holidays. Good Trading; 1/08/2007 7:22 AM
boris said...: Dear Jebuskrite, for completeness the average pressure works the same vay as buy pressure, that is when it rises the market must respond, if it does not we have a situation that I describe as a sick dog situation. You show the bone to him/her and the animal does not respond. This is usually a sign that Dog is not feeling well.
Good Trading; 1/08/2007 7:25 AM

Real People Real Feedback

Wanderer Dear Boris, Stocks up. Yen down, Bonds down. If only I could remember where I read that forecast:)!!!Great work. Thanks a lot.

Sharon Dear Boris, I am stunned by your calls again. Now there is no doubt - you are Bernnenky's friend otherwise it's hard for me to understand how you do it every time again :-)AMAZING !!!!!

Waldo If it wasn't for you helping the small investor or trader out there I know of no one else that does it as good as you.

tim9lives You are the Greatest at calling the currencies my friend.Thanks again Dear Boris.

Klaatu Boris' futures charts are valuable, but his strategy, tactics, money management are priceless.

DXB Boris you are the master, not because you are uncannily right about big things, but because you know the art of speculation and money management.

Waldo As I have said before, the best timing I have ever seen.

Blaine Boris called the high and the low.

Xerxes Hello Dear Boris....I know you aren't G-D....But you have a hotline to the heavens :-)

Kevin I am currently not a man of wealth but would have lost the nest egg over the past month without you involved with trading. "Thanks for being with US"

John Boris, Good morning- first post saturday at 1:30 in chicago. Could not sleep- one of the biggest moves of my life. Nice calls this week- thanx

matt13 Boris you saved my retirement account with the advice you have provided. Thank you.

mimil Boris, you saved my business with your currency predictions. Thank you just does not cover it!

daveo Awesome my friend Boris ! You are amazing and your graphs, charts and emini files are impressive. Nothing more to say, but Thank You.

About Federal Reserve

On Sunday, December 23, 1913, two days before Christmas, while most of Congress was on vacation, President Woodrow Wilson signed the Federal Reserve Act into law.

Wilson would later express profound regret over his tragic decision, stating:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

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Sunday, January 07, 2007

Market looks for direction

3 comments:

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