N QQQQ 49.62 ( 48.51) - 50.50(51.74)
N QID 39.86( 38.) - 41.55 ( 43.36)
N SPX 1445(1434) - 1459( 1474)
N QID 39.86( 38.) - 41.55 ( 43.36)
N SPX 1445(1434) - 1459( 1474)
Jpanese YEN JPY may have completed the retracment and could be heading up higher , that would be the case if it can not go above 110.16 . If so , this could be a place where markets turn down again. Watch carefully. This would make even more sense if JPY drops below 109.80.
13:42 ET, Market went down noticeably since the sentence above
GOOG Now 100 point lower from our limit 740 hit only 3-4 days ago!
14:45 ET, YEN, Market has survived the break of 109.80(by one cent!), but it has not broken 110.16 either, so the game is still on... We will find soon which way the wind blows
16 comments:
Boris,
thanx
old john
Dear Boris,
Good morning.
Mkts. moving on our anticipated lines and yes followng Yellow Brickroad.
On 23rd oct. mentioned a comment stating...
" Also looking at Shanghai it touched a top of 6150 few days back and it is still around 5700 range and i feel atleast 1000 points it should correct.
So overall i still feel S&P has more downside towards the Aug closing LOws of 1430 range after a brief rally towrads 1537.
Your opinion Boris ?"
So Yes the Chinese market correct to lows of 5032 and S&P stretched a little higher to 1552 from the anticipated 1537 Tgt before moving down to today's 1446 open lows.
So any chance of a relief rally towards 1503 again before moving down to new Lows of 1370 range by end of the month before staging a new rally towards 1620 by Jan 14th 2008. ?
Regards
your friend
Dear Patther_solver,
GOod TO hear from you again.
Our Projection for DOW/FIX/Q's was missed by less than 0.5-1%. Will we see 14444 for DOW 250 FXI and 2250 FOR NDX? I do not know. It seems to me that apart the rallies in Early DEC and MID January The ROADMAP calls for declines into Mar 2008. With highs in the midst? I think not, but anything can happen.
GOod Trading
Sorry, I may have posted my question under the wrong headline, Boris what is your short term down side target for XLE. Thank you, waldo.
Hi Boris,
I just sent you a chart of the building ending diagonal on $SPX...
Regards,
Mark Lytle
Dear Waldo,
First support 72 was hit today.
70.17, 65.85 , 63, 56.61 and real major support at 55.64
Good Trading
Heading towards 1474 on the S & P.
Mark,
thanx for the chart
Old john
Hi John,
You are very welcome..hope it's helpful..
Mark
Per Marks comments on another thread... looking at the XBD abd BKX 2-3 yr charts, they are both setting on some BIG price support numbers. 200 for XBD and 90 for the BKX. I am looking for a small bounce up for a few days, shorting opportunity, then if these numbers are taken out look out below.
Mark,
I am following the yellow brick road ( and you) and am scaling into short positions.
thanx
old john
Boris,
I saw, keeping me busy in retirement- thax
old john
One thing to keep in mind, this week is options expiration week and they will really try and squeeze the shorts by friday. Just an observation. waldo.
waldo,
thanx
old john
Boris,
If USD/YEN closes around 110 that would be anice long leg on the daily chart...ie:reversal type sign.
What do you think of the FXI? I guess the Chinese will have to learn the hard way too. 25% loss in 8 days, sounds like a bubble deflating to me. Where do you see support? I am think price support around 150 area.
Jason
Dear Jason,
Yes I agree the support is around 150.
Yes we have all watched the "new suckers" P.T. BARNUM is happy, chinese learn the SOPITALIST ways.
Good Trading
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