Limits

N R2K 789.74 - 793.70
N GLD 66.45 - 67.26
N QQQQ 48.66 - 49.41(49.56)
N SPX 1469.40 - 1478.46 (1480.3,1483.22)
O TSX 14114.38 - 13906.11
Investrors Nothing New Doing, So nobody Forgets where we came from. ON Jul17 We Sold Market( bought QID 0 Cents from bottom) and on 16 August we grabbed everything we could to go long. Notice Two Extreme days, like a clock work. So, for all big bears we are, In a big picture. folks we are still LONG!

Dear Waldo, 49.40 may have been an excellent attempt possibility, but it has passed now, as we rebounded. Risk would have been couple cents now it is higher. I posted next Q level just so you know.

10:11 ET YEN/GOLD all are close to initial exhaustion

Dear Cobbense, in his comment marvels about gold being higher in All currencies and $US being higher than other currencies. Well we said this will happen month(s) ago and people, could not say it to me straight, but thought I went nuts. Gold And $US going higher together?. Now you see this is possible...
But enjoy the wonder for few more hours/days as $US tops and self destructs in Sep, which we predicted for ages, in the face of the entire world being bearish on $. My God, How soon People forget.

10:34 ET Selling Q at .40 may not be the same bargain it looked this morning. Need to approach with care, high risk now

10:47 ET Watch QID carefully at 42.26 you may want to risk 2-5 cents Coffee Money, only, to buy IT - SELL THE MARKET. Do not talk to me if you risk more than 10 cents under any circumstances.

10:50 ET JPY 116.43 TOP/BOTTOM, watch if held, they maybe ready to release this DOG off leash, things could be progressing too well/fast, even for Bernanke and Paulsen here.

11:27 ET Bought QID, stop at 42.24 2 cents from break even
11:41 Do not Relax Stops, Be alert, keep it Mental.
11:43 Going For Break Even 42:26, whatever is yours, Mental
11:46 Do not want to see loss, Remember "Thou Shalt Not Lose Money" is our first rule. And "never regret possible gains" is the second.
11:54 Stops Go up for 2 C profit. No ifs and buts, mental,not so mental stop is at 42.22 and there is no argument there. You are out wihtout even blinking for a second, or we do not talk.
12:04 Stops Go UP 7C profit, No ifs and buts, just doit...
12:07 those who have money stand at breakeven. those with little capital stops go up to 42.33,mental
12:15 those with little capital stops up 42.35. Rest stay breakeven
12:16 those with little capital, big position( no no, but if you are) take profits on 1/2 of the positions at 42.50
12:17 all stops go up to 42.35, nobody stays below.
12:29 those who want to cheat, 42.29 is max. that is it for all
12:40 12.29 is the last stand for all but the richest bastards among us.
there is no,little room to maneuver here. 42.22 is the finals stop no matter who you are.
12:51 Any new Lows here, absolute No No, Hear Me, absolute No No, we/all are out 42.22. No cheating not swearing nothing will work here. If you do not comply I will bring the compliance police in(: :)
13:01, Now, all stops are at break even, mine at 42.26 and there is no negotiation room left here. None, I am never going to negotiate beyond the double bottom. That is it. Not even watching or mental or whatever, just place the stop in and go have a nice day or week or month, depending how this turns out.
13:22 I am out at 42.26 break even and so should be all at their own breakeven as their purchases should have been all below 42.26, which is what I suggested (limit buying below 42.26). So, some of us lost Less than the Coffee money, some made pretty good money selling at 42.50 and some had a good experience trading selling between 42.35 and 42.29. As you can see we work hard not to lose. We could not care less how much money we make. We know we will as long as we do not lose. I hope this is good enough of an example to make you a good trader in life, cause if you do not internalize what has gone here, you are going to have hard life as a trader. I hope that is not the case. Now, you may ask what about if the market turns around the crashes. Well, remember our second rule "Never Regret Profits You could Have Made". That is it. Again, I can not emphasize this more than I already did. Those who have difficulty living with this mentality, please leave the trading before it destroys your life.

2:45 ET Q's are approaching the 49.81 the resistance level that could stop it. I do not advice too much risk here, but if you can risk 2-5 c only it could be profitable.

Jim Taylor, JD said...
Hi Boris, Hi Jim,
Approaching Resistance:13457
2638.5
9703 NYSE
1492.5
SHORT AT: 2025 (45 SQ) NDX100 Jim

15:00 I find the cluster approached ( described by JIM ) as a next possibility for selling. Since I am not giving the protection details, I am not announcin the sell signal ( which frankly we do not yet have). That does not mean selling here will not work, it just means that We would not be selling as it requires more risk than we are ready to take for our readers at this stage. $10 -15 risks do not cut at this juncture.

mlytle said...
Hi Boris and all ..I have my hourly candle volume charts up and the volume is definitely dryng up on this rally, PVO is tanking......"down" as a possibility is looking better...Mark

15:54 ET I would not like new commers to get confused here. Our outlook "October 21 Again" is still calling for move up into Sept 19. And techincally, in an intermediate term picture we are long... There is no ifs and buts about this. So , why are we shorting today, cause we like to short the markets. This is our sport. Please keep picture of investors and traders apart and the picture for traders has intermediate and short term components. No confusion here, I hope