Not much change in outlook, those short stocks, just trail stops. As you can see summation index has perfectly predicted market decline. This old man walk did not fool anybody. Now we need the follow up. Let us see if we get one.
Good Trading
9:37 ET Are Gold British Pound and currencies shopping for fools Right now. Looks to me like they are ready to move, my take is down, but must use closes stops possible, they could explode on the upside as well
Hey I did not mean to insult OLD MAN, I am one(: :), It takes one....
1O:15 ET, watch BGP tiptoe around 2.0340, and sell if can spare 5 cents and no more.
10:22 ET, Gold is looking south, very short term down move, intermediate up into Jul 24. If you play, your risk should be less than 3 cups of SBUX coffee
GOld Just hit first support. If bounce, could go higher, must not bounce much.
BGP took my coffe money and Gold is bouncing, so leave these old pocker players alone
Those guys down there in currency pits, they monitor us you know... So, I got to get the signals worked out for us to confuse them (::::::::)
Q' have bounced off of our old resitance 48.25 , we need them to break this one to establish downdiside momentum.
Jim Taylor, JD said...
Hi Boris,
Early bounce off 13486
Up wave ends at:13573/2653 or by 09:45 PDT
Jim
7/11/2007 8:32 AM
Jim Taylor, JD said...
S&P500 WALL AT 1521
Jim
7/11/2007 8:46 AM
John said...
If we are in a downtrend, 1518-21 ought to stop any move by the S&P.
And 84.60 should be a buy on TLT...and 51.70 +/- .20 on SDS.
My best guess now.
John
7/11/2007 8:53 AM
11 comments:
Thanks again for you thoughts, Boris.
Dear Edwardo, pleasure was mine.
Good Trading
Hi Boris,
What do you reckon for PDN.ax as a uranium play? Looks like it might have found a short term bottom.
Good morning Boris, I kissed my children, as always, and teach them that God loves all his creations, as always. Thanks Boris !
Your chart shows little chance for a turn around, a bounce maybe, but more room to move down. The shrinking liquidity pool reality should hit home, and soon. Good trading. Daveo
Dear David,
God will bless your and all our member families.
Good Trading
Dear Jebuskrite,
You know my Palladium group stand.
Yes looks good at least temporarily.
I need to look this , not on my quote machine. Give me few minutes my dear friend.
Good Trading
g'day. speaking of liquidity, fed injection today is $4.5 billion, for net plus of .25b after deducting maturing issues, compared with yesterday's net negative 2.25b. whatever that might mean for the markets...
good trading, all.
malcolm
Good morning Malcolm, I don't know how the Fed action will work, but it is week before op ex to boot. Last month I figured that the 1500 calls would be taken out, they were, twice, in fact the overshoot went all the way to 1490. It could get crazy the next few days. Then the media will forget about all the real problems and run all the puts out of business next week. IMHO of course.
Dear Jebuskrite,
your upside 7.9471 9.5025
your downside 3.15 2.6803 1.9103
Good Groups. Bad Market so far.
But hang on as long as new lows are not made
good Trading
Dear Malcolmm,
GOod info
Thanks
and Good Trading
Jim Taylor, JD, I miss your Gann analysis ! Any comments ?
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