Dear Readers limits for today:
QQQQ 42.58 - 43.23
GLD 63.73 - 63.74
Gold Is Running! 64.40,64.60,64.90 are possible 10:57 ET
Timing wise 11:45ET chacne for a top , remember though, gold is going higher into Mar 25-28 , at least, 10:59 ET
Could be we have bottom in gold at 13:45 or so, 63.93 must not break for that 13:56ET
USO 48.88 - 49.68
GG 23.67 - 24.44
GOod Trading
We got this from JIM See the comments
Jim Taylor, JD said...
Sell NYSE 9025 & R2K 784,3/15/2007 7:50 AM
Since then here NYSE has topped at 9014 and
R2K topped at 782,74, So Far , Not bad...(boris)
10 comments:
Sell NYSE 9025
Sell R2K 784
Dear Jim,
Thanks for the input.
Dear Readers, Jim is a new member of Boris And Company friends and you take his advice as you do with other advice given here , AS IS.
I will be monitoring Jim's numbers and may have a something to say after while. For now thanks to Jim for participating and Good Trading to all
Dear Boris,
What is your opinion on PCU on the short term. Is this a long or a short ?
Thank you for your input!
Dear Byzanman
76.50, 85.40 , 100 are the next highs to achieve. hitting few days ago the 76.50 could have been it. it is very hard to predict if this was the last top or not, but it is possible. If we were close to that point then one can use easier strategy, but being far from there, who knows. If we assume this was a the top, then "shorts away" and if we assum this was a teop than we can buy to go up. Now the potential down is 35.70! ouch. So, must use short term strategis that and keep close stops. Whatever the direction...
Good Trading
Hello Boris:
is $35 or less oil a possibility any time in the next few years?
Interested in what you think.
Thanks
sorry let me rephrase:
what economic scenarios may lead to cheap oil?
thanks
Hello Boris.
Would you have a take on what happens tomorrow with option expirations and how it may affect price action?
Thanks
Danno
Dear Dxb,
$35 dollar OIL? that would be nice... I do not think that we are going to see $35 OIL, but under most distressed situation in the world or alternatively if we/somebody found an easy to harvest 50 Billion barrels of OIL( that you can extract for under $10). Another one could be that we discover materials more efficient in harvesting the SUN(free energy) via discovery in nanotechnology field. What is the probability of that, that depends how bad is USA pushed into the corner by OPEC/RUSSIA who together produce and hold reserves of 50%+ of world reserves. If USA feels we need new Manhattan project to get the "thing" going, it will happen. Otherwise OPEC will keep prices where it does not kill, but does not give life to anybody on this earth...
Dear DXB the subject is so speculative and full of IF's and WHEN's that it is hard to give a better answer, but I have tried to summarise what I think, best I could.
Thanks And Good trading.
Dear Danno, Allow me to refer to my mornings comments about my expecations. As you know, it is hard to make predictions on a day by day basis ( we would all love to be able to do that(: :)). That does not invalidate your question though... So, please reread the latest comments about the markets and dates and look at the "August Again?" article in http://www.safehaven.com. I will make my best to, on a fresher mind, and with my Pressure info at hand, give you a more refind response by the time you wake up.
Good question Dear Danno, do not want to give you a bad answer, but do not feel I can give a good anser now. Good Night and Good Trading.
Boris:
I pretty much understand where your coming from. I'm there too; was only interested in getting some thought out of you on the matter.
as usual thanks very mcuh
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