Tuesday, July 31, 2007

Limits

N r2k 783.60 - 797.00
O GLD 65.66 - 66.92
O QQQQ 49.95 - 50.39
O ECA 64.54 - 65.66
N SPX 1470.00- 1494.10
O TSX 14114.38 - 13906.11

Jim Taylor, JD said...
Hi Boris, HIIIII JD!
Bounce off 13399 ends at 09:45 PDT
Resistance:
13457
2601
1483
B Wave ending.
SHORT through Monday.
Jim

15 comments:

john said...

Boris,
A very short explanation of limits please. thank you
John

boris said...

Dear JOhn, Limits are the places where the instrument R2k example, will meet the support or resistance, depending on the behavoir of the insturment at that point the short, against resistance or long against support can be taken.

Often thise numbers will be high or low of the day
Good Trading

Jim Taylor, JD said...

Hi Boris,

Bounce off 13399 ends at 09:45 PDT

Resistance:

13457
2601
1483

B Wave ending.

SHORT through Monday.

Jim

cobbense said...

SP500 has to close above 1484 to avoid an outside key reversal month, cant have stuff like that messing up our bull market, now can we?

Regards,

boris said...

Dear Cobbense, Looks like we will not close above that point. Whateve it means, Our outline of Early August Low, is still in force.

Good Trading

cobbense said...

"outside key reversal"?

Would be bad news on a daily or especially weekly basis, but on a monthly basis - the gates to Hades would seem to open for the bulls.

If it doesn't get back up there, either they can't pull it back, or else they don't want to . . .

Anonymous said...

Reason for sell off

http://money.cnn.com/2007/07/31/news/companies/american_home.reut/index.htm?postversion=2007073114

cezarfi said...

Hi Boris!
You guys can fly circles around so called "market gurus"! Simply wonderfull!
I would like to ask Jim T. what he ment by "SHORT through Monday". Will shorts hold from now throughout Monday?
Love you all especially you Boris
rgrds
Istvan

boris said...

Dear Istvan, I think that is what JD meant, I hope he responds, though. You know, by now, he is man of very few words ( : : )
That is perhaps so that he can cancel my BS, somebody must show class(: :)
Thanks A million and
Good Trading Dear Istvan

cezarfi said...

Dear Boris!
Do not even think of ending your blog , leaving us alone out in the desert.
I can not imagine that JD would want it either.
Keep up the good work the next 100 year or so!
My very best rgrds
Istvan

young grasshopper said...

if B wave is ending (per Jim's comment above)then C wave starts in ~4 days?

In reference to an A-B-C correction..?

Then Wave C: The final leg of the correction takes stock prices below the “A” wave lows, instills a good deal of panic among investors, and creates the bargain environment that’ll fuel the next leg of a bull market

boris said...

Dear Istvan,
Thanks again, I prmise, that until something extraordinary, takes me out, I will not leave you and all friend of Boris & Company.
THis site was designed to wrestle the intelligence and power from PROS/MANIPULATORS and harness it for a little guy, so that we, little guys, finally can have even field with Money Dominators...

Good Trading Dear Istvan and thousands of vocal and silent friends of this site.

Good Trading

boris said...

Good Thinking Dear Grasshopper, I am not into ABC's, It is hard enough to know, when to buy and sell(: :), but I am kidding, good staff

Dear Young Grasshopper
Good Trading

Malcolm McIntyre said...

those interested in silver (or the subject of manipulation of markets) might find this commentary by ted butler on COT and other matters worthwhile: http://news.silverseek.com/TedButler/1185902471.php

Malcolm McIntyre said...

must pass this on as well: been a while since i caught up with ted butler's commentaries so after running across the previous report was reading back through his weekly commentaries at investmentrarities. ran across this from july 24: http://www.investmentrarities.com/07-24-07.html

note in the 7th par that he refers to the COT short concentration being the greatest since february 27. the significance of the timing CRASHed into my consciousness :)

ted seems on the surface to be prepared to assume ignorance by the big bosses at the big players, but maybe he's subtly trying to put pressure on them with his argument about when criminal culpability might arise. for my part, reading the list of NYMEX/COMEX clearing members that ted links to makes me think that manipulation of the silver market might be close to the least of the big players' worries if they were ever held to account for all their sins of manipulation.

but hey, sometimes it's the least of their sins that criminals get punished for - think al capone getting done for tax evasion. so maybe there's hope yet...