N QQQQ 52.20 - 52.50
N SPX 14187 - 1497
N QID 36.24(36.18) - 36.57
Remember, We are not short, would like to go short(prefer to have couple more days of digestion/distribution), for that we would like the market to hit the higher limits, that is where we feel more comfortable selling them.
Jim Taylor, JD said...
Hi Boris,HI JD,Approaching Support Cluster:
13399
9801
2679
2117
1483
Have a great day.Jim You too JIM
11:48 ET, We are now at the top of QID range(36.75 was a third limit), could be a good time to take big part of the profits if you bought at the bottom. AMAZING!
Here is a secret, almost never the MDS generated Sell signal immediately sends the market to a lasting decline, it usually takes couple days for the MDS signals to start a lasting decline. So, this one coming ZERO(0) days after the signal is going to give us a chance to sell at better place in days ahead, at least this is what history suggests.
12:38 ET, 36.93, 37.13 are next stops for QID if 36.75 is broken
13:02, ET, So far 36.90 seems to have stopped and exhausted a trend.
15:36 ET, This market is going all the way. It seems like it will close at or around QID(37.13) fifth and usually last point of resistance for today
32 comments:
Boris,
thank you
old john
Dear John,
Good To see you back.
GOod Trading
In QID at your limits--so am fairly short here but have gold as well
Again Boris Thank You so much for your long hours and hard work to share the wealth (if they dont take it away from us all with a colapse in the $$ system)
The 5 days of trin has been on a sell signal for 3 days now hovering in the 4 range
Usually 4-5 days is the extreme in the up or down position---anything near 1.00 today is another day here
Dear Lag,
Thanks a lot
ENJOY and GOOD TRADING My Dear Friend.
Hi Boris,
Approaching Support Cluster:
13399
9801
2679
2117
1483
Have a great day.
Jim
Hello Dear Boris.....
Your pressure/oscillator chart's call of an upcoming dollar decline was very prescient....Euro gained over 2% in a week...Wildness
The gold chart looks like it wants to head south as pinkie is rolling down...is it time to sell gold to avoid the crowds...
Dear Xerxes,
The pink oscillator needs to get down while the prices are moving higher.
So you will see a mirro image ( unlike in dollar where they follow each other, only in dollar)
Once you get the PIRCE UP and PINKie down at sort of extremes ( look at what extremes are on the chart) then the time has come
to SCREW the GOLD( maybe, right - cuase in a strong market the market , gold in this case, may just correct and quickly head up higher again).
I do expect thought gold topping around 3 Jan +- 2 trading days.
Good Trading
Boris,
Like waiting for another Bus:)?
old john
Yes, Dear John,
We hope the bus comes around 3 Jan +- 2 days...
GOod Trading
Boris
how much of an impact is Bhutto's death gonna have here?
maybe not the big bounce starting around the 8th?
Wait and see I guess--Lots of NUKES there in Pakistan
Dear Lag,
by the action of GOLD, I do not see the harbinger of big influence that BHUTO's death is going to have on USA and world, at least not immediately.
I do think though that we should get a a bounce good enought to sell this market again Early January. If we do not, then we will have to find a spot lower to sell it and that could well mean that this market is in a bigger trouble than originally thought.
GOod Trading
Thats what I wanted to hear--THX
Boris,
All 30 DOW stocks are lower right now. Just last week, all 30 were positive. I don't remember such violent swings in the DOW. And all along, the new lows have generally stayed above 100. This market feels very sick internally.
Still waiting on a better short entry.
Also, I read that AAPL typically sells off after the Macworld Conference. That ends January 18th, which is in-line with your market top call January 15-18th.
Dear Blaine,
Good Correlation between MACworld and YBR(: :)
I agree, the market is sick...
GOod Trading it flew lower so fast from the MIllion Dollar System Sell that is pathetic.
Good Trading
Boris,
Do you mean that this time the time to sell the market actually came on time with the MDS sell signal and not delayed as in the past?
Dear Sang,
Could be, as rare as this case is, it could happen...
Good Trading
fed repo net result today negative $8.5 billion after add of only $500 million yesterday - maybe the auctions haven't destroyed the correlation between the repo slosh and sharemarket performance after all...
and here are The 10 worst-performing letters of 2007
malcolm
We shall see Boris- patience is the key here.
Perhaps this sell-off was a news driven event due to the assassination. If so, we should see a bounce tomorrow- wait and see if not totally sure.
Will wait this out along with the rest of the patient and prudent investors here.
Cheers!
Dear Sang,
Yes, usually these kind of things happen with news driven markets and I also think that chances are good for next day or two for a market to correct back up. If it does not , as I indicated before, we could be in bigger trouble than even I imagined.
Good Trading
Sold QID--nice day trade THX Boris
Dear Lag,
ENJOY,
NAZDAROVIE!
GOod Trading
Hi Boris and folks,
Good to see you all doing well. I was short an insane amount of ER2, and not closing anything here. Looking for a 100 point drop (although not in a straight line, of course).
Best,
G.
Boris, Today's decline has nothing to do with news, IMHO. Technical setup was there.
G.
Dear Greenie,
I know, I got your previous message that you were short already from couple days ago. GOod for you.
MY/our lesson in this should be that, when the MDS signals comes to take at least a small position in that direction and build larger one if the market does not cooperate immediately.
In a case like this, one would would be with some short positions , instead of being neutral.
Well, I trade mostly currencies and often pay little attantion to stock market beyond trying to be helpful to readers exclusively concentrated on stocks...
Still we certainly doing OK, Lag begged nice money just playing the limits today.
Yes, Congrats Dear Greenie.
Keep up the winning attitude.
Good trading
Dear Greenie,
You know and we all know that we had plenty of warnings that market is vulnerable.
Nevertheless. My/our expreince has been that MDS needs at least couple days to create the lasting decline. That could still happen by the way...
But I just described in the previous post how to approach that situation.
GOod Trading
Just dumped TWM--nice THX again
It was the 5th level that did it
Dear Lag,
Enjoy,
I am glad we have had an extreme precision today, even if you and Dear Greenie are the only two that have made money...
GOod Trading
Hi Boris,
Support Cluster:
12769
9409
2476
1937
1407
Big Bounce or Dive.
Best Regards,
Jim
Bounce or Dive at:
12601
9313
2439.5
1904
1388
Best Regards,
Jim
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