Dear Readers, Q buy pressure is high(not extreme), while the SPX pressure has surpirsingly dropped as the market dropped? In any case, we should see the both being on a buy in the last signals. Remember though, these buys mean exactly nothing until the market confirms them with the strength. In fact worst declines in the market usually come right after the buy signals have been generated (yesterday was a good example, this says nothing about the signals, it is good they are early, that is what you want from the signal, unlike CDMA or RSI which are late, gages are early! gives time to prepare). Due to the built in flexibility of Gage Interpretation we take the signals as they are, but then we would like market to prove they are worthy of that signal. In any case, I do not buy market here, unless exceptional precise Low limit presents in favorable conditions. Road map ( YELLOW BRICK ROAD ) is pointing down till the end of the month anyway. Should we trust it, nothing worked like it last 4-5 months, so you be the judge.
GOod Trading
7:57 ET, YEN is about to chose next path, Stock Market Bulls better hope it goes lower ( higher in numbers)
8:17 ET, Next support on YEN is at 110.20 and then nothing , absolutely nothing til 107 ( GOD help Stock Market, if that is the path)
11 comments:
Boris,
good morning, thanx
old john
Good Morning Dear John,
Thanks for being with us bright and early ( like our gages -:) )
GOod Trading
Boris,
early riser, i went to days about ten years before i retired and began the early riser habit. used to work midnights, that was a hard shift to work, ruined you physically and mentally.
As for the gages, i will trust them. My novice guess is that they will do exactly opposite what they did yesterday. the only time i was ever correct : i knew they would run s and p back up, they did. Now they will take down hard in morning and run it back up higher.
just an opinion.
old john
Boris,
just looked at the Yen, wow.
old john
Yes Dear JOhn, WOW YEN,
GOod Trding
Boris,
They will wait to US market opens, shake all the longs out. Then proceed to shake shorts out.
Just my uneducated and novice opinion. Plenty of time left on yellow brick road to go lower
old john
Good morning Boris, Is there more downside to MGA.TO/LAM.TO? Are they hold and BuyOnTheDip through YellowBrickRd?
Yesterday was profitable for me. Was expecting casino to go down hard to allow buying, but couldn't buy in the beginning. So placed orders to sell at top. An hour later, what was sold was selling at a discount. Bought back some of the good stuff and kept the profit.
Dear John, YOu could be right. Getting experienced as well...
GOod Trading
Dear Aaaaaaum, COngrats with your trading.
I have same opinion about uraniums as I do for gold
CORE, HOLD under any circumstances.
Speculative, sell in three phases, about 33% now 33% Late Dec 33% Feb/Mar 2008.
If They break down more than 38% I would sell them all ( speculative only).
GOod Trading
Thank You kindly Boris. Your tip on exchanging Silver for Gold worked like a charm.
Had to buy stuff back when things went lower yesterday to hold the value left in $CDN.
Now not sure where to make entry on Silver. Am able to trade Silver 24hrs as a currency (without leverage)
Dear Boris,
USD/JPY 110,80!
Good trading Istvan
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