Dear Readers, Little has changed from latest comments about the markets. Just reread last two daily comments and you have all you need to know. Things are developing as suggested, except the Metals seem to persist in their "little" up move. We believe the cycles will take over and they start going to trend lower today/tomorrow. We are not shorting this market, due to intermediate longer term bullish outlook, so we could not care less if they play a bit more on the upside. Now, you should be teaching me how to read my pressure graphs. Yes... Until the buy-pressure starts going up and crosses the CYAN ( avrg-buy-pressure) line, we should sit tight and let this market fool/suck others higher. We are waiting End-APRIL/Start-May for our moves. Good Trading.
6 comments:
Hello Boris, Perhaps we are now finally crossing the cyan line.....reminds me of that old ketchup commercial from the 70's where they're pouring it out of the bottle and playing Carly Simon's Anticipation. I haven't seen such a hesitant move from your graphs in a while.
Thanks Again for your work Boris !
Dear Daveo, You got that right and it is usually seen around tops, but some tops take a while to form do not they, Look at a previous top and tops before. Good Trading
Hello Boris.
I think all we have to do is look at OIL. It's leading by example again and portends the decline by GOLD and stocks.
One of my services just put out a confirmed intermediste-term sell out on OIL.
Oh that was perfect timing right after the inventory numbers came out.
How embarrassing.
Dear Danno, Welcome Back from holidays. Yes I agree that OIL will head lower and OIL stocks, only suckers are buying them, cause they expect the explosion in MEeast. Well, some day, not now. We had a special ON OIL couple posts ago. We said it was a BOOL...
GOod Trading
Next Wave Down engaged.
1444 Resistance
Projected LOW: 1436
Friday's Low 12321 = 111 squared.
Jim
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