Evil Sisters, JPY and CHF are at it again, But the high may have been established for them for today and the Market, may straighten itself out and stage rally. That would be a pretty fitting into the general outlook as we expect $ strength into August 9-12. Need to monitor this scenario very closely. It has merit, but we do not get married to anything, one wife is enough(: :)
Good Trading
Dear Readers, it helps to reread the August Again Chart, it calls for low next week.
23 comments:
boris....talking of scrip, how do you use your indicators to trade euro, ice krone, other currencies, spot gold
Dear Xerexes, My limits are applicaable to anthing that moves on this earth.
That gives you an idea.
I can not discuss more details and we do not provide the Intraday Currency Limits at this time. Even though we do so for a longer terem ( 1 Year amd more)
We use many other indicators as well, of course.
Good Trading
Hello Boris:
HOW about shorting GBP at these levels, or wait to for a bounce off fibo level ~2.0475?
EURO: heavy/bearish?
thanx
Dear DXB, for today, I do not think the FIB will be reached.
So the choice maybe 2.0431
or FIBO monday.
Good Trading
What are the chances we finish green today? they either sell it off or rally at the close. Just thinking out loud. I think we finish green.
Just waiting patiently. Already learned a couple of things today from the board. Thank you
John
Good Think, John, Chronictown,
There is never dull moment here. And Yes, please express your opinion all the time. We will learn, sometimes, lough and sometimes cry, but it will all be educational.
So speak up, your opinion, however novice and correct is a contribution to your and our education.
Good Trading
ISEE getting pretty low here be careful
http://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header3=true&menu0=true&link1=true
Here is another
http://stockcharts.com/h-sc/ui
Dear Lagscrew, thanks a lot for your contributions. We are most pleased to have you on our site.
I know this is not a first time and always we enjoy your staff.
GOod Trading
To pick up on something Boris stated a few weeks ago, It is really starting to appear that oil stocks have had it, maybe for quite a while. It does appear that Boris missed the top by one or two days, again...really got to work on that timing thing!!
My observation, for what it's worth, is it appears that the market is starting to focus on stocks with intellectual property rights. Not only tech, but also the engineering, industrial, and medical appliance.
I am really beginning to think these stocks represent the next area of leadership in this market.
For my money, I would avoid stocks that require either they or their customers take on a lot of debt. Financials look like they may be ready for a bounce soon, but get out. This area is in trouble for an extended period of time.
My two cents.
Good Luck
John B
Dear John,
And I thought nobody remembers, it is amazing how do you remember things that happen on this site.
I hope that they are memrable, that is the way I make them.
But something tells me that there is a special antenna in your body somewhwere that seems to vibrate to the things I say.
That is great Dear John,
Keep me honest though, come up with things, to embarasse me, that I was wrong, even a bit...
Joking, not entirely (: :)
Love your presense and wisdon Dear John B.
Any site would give arms and one leg to have somebody of your caliber comment on it.
Good Trading Dear John
down we go!gold up 10bucks!
Thank you Bear Stearns!!!
Jim
At the risk of showing what an old f**t I am, it used to be that investors never paid more than book value for a broker. Earnings, as we are seeing, are too volatile.
Book Value for BSC is 89.46 and for LEH 37.79...seems like reasonable targets if this continues.
John B
DOW POSSIBLE 180 AT MINUS 180
Jim
BUY 2513.5
Jim
2513 what??? Dow?
Interesting video from Cramer's performance today.
John B
http://www.cnbc.com/id/15840232?video=452808336
greenie:
not DOW,
he means the NASDQ
cheers
Boris,
Interesting day, to say the least. Only stocks that are up today that I watch (a holy mixture of odd things) are CHK, EBAY & LEND!
Now, that begs the question - what do these three have in common?
heh-heh!
Would you please take a look at GIM, a Templeton bond fund that (recently, at least) only invests in non-US sovereign bonds, with a heavy weight toward Asia.
It is a very good fund, pays around 10%/year, makes it's money by arbitrage in local markets around the world. Rather unique, actually.
Now I have used it on occasion sort of as a highyield US$-neutral alternative to money market funds, but looking at the long term chart, it seems to be rolling over heading for a fall.
Today it is down, despite the US$ also being down(??)
This could mean any number of things of course, but, in any case, it gives me a queasy feeling in my stomach re the world bond markets.
Regards,
Dear Cobbense,
I think that GIM is a much more risky bond than the others, like FAX, which is a shorter term and better quality asian staff.
I will look at this tomorrow, but look at FAX today it did better than couple days past. It is much less risky though.
GOod Trading
certainly is an interesting cramer video john b. apart from the obvious, there was a gap after he started to say something about iraq, which i presume was censored for some reason. did anyone catch it live and know what he said?
while i'm here, john b, apologies for not making it clear yesterday that the stocktiming.com reference was for those who are at a state of knowledge to find it interesting, rather than for you. after all, i'm asking you questions because you already have the knowledge :)
i've got some more questions, too, but thought i would save them for the weekend when 1) the market is not demanding everyone's full attention; and 2) i've got time to formulate them properly.
regards
malcolm
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