Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of . We traded today and got a quick 20c gain on the half of the position and stoped another half breakeven. Market closed lower as expected. Dear Lag reported gains as well as John. Waiting for MDS to announce the BUY signal
Slightly late with calculations. Please stay tuned!
Time Cycles for today are indicating rough sliding into 11 ET and 14 ET, no guarantees , but that is one cycle interpretation.
Slightly late with calculations. Please stay tuned!
Time Cycles for today are indicating rough sliding into 11 ET and 14 ET, no guarantees , but that is one cycle interpretation.
Please keep in mind that a bottom comes between 7-13 Feb
N QQQQ 42.23,42.03,41.73 - 42.83, 43.00
N SPX 1316, 1313 - 1330
Investors need to nibble and accumulate 5% or so across next 2-3 trading days, if market cooperates
11:04 ET, we could mark top of the market today at this time! if JPY does not go over 106.73
11:38 ET, Market could not react to jpy advance, does it know this was a fake?
15:04 ET, was that entire JPY move FAKE?
so, what does a day like this , neither here nor there do for MDS, I am not sure, but I am inclined to think that it has not generated a buy signal today, implication being that perhaps we have a sharp move tomorrow.
16 comments:
Boris and all,
Just to mention, the .786 retrace of the 1/23/08 low is at exactly at 1297 and I have an exponential trendline at 1296, and the daily Bollinger Bands are currently at 1299 (it will be slightly lower tomarrow) so there is a pretty good cluster in the 1295 to 1300 area...could be that a double bottom with 1/23/08 forms in that area...
Good Luck all,
Mark L.
thanks for that info MArk. 0.786 is supposed to be the last frontier
Boris
I see 94 1/4 area critical for yen here
Markets wont like much over that
All,
If the market($SPX)goes below 1295 on volume, then the P&F target is at about 1260..which would line up with the '06 bottom..looking at a long range chart, that would be a likely level for a shoulder to form, if it can do that..
Mark L.
Hi Boris,
Thank you and the MDS.
USD showing weakness across most of European currencies this AM.
Now if we can just get the YEN to play ball.
Jason
Boris/ all,
Could that have been the bottom?
old john
Dear John, Anything is possible, but this is just looking to anitclimactic...
Good Trading
Boris,
thanx
old john
% rates on the rise for 3 days
either people are dumping them and buying stock or they are wanting more % to buy the bonds
I think the last one as the 30 yr hasnt been dropping as much (intrest rate)as in the past to where the FED rate is
Dear Lag,
This is a correct observation.
The Bond rates will have to rise , unless we are in a total depression. which I do not think so.
Good Trading
buy QID at the last bottom 52.83-4
The SHEKEL is the strongest currency in the world nowadays !
3.61 per USD
5.23 per Euro
and keep getting strong...
Dear Sharon 3.57 is still holding
We shell see if it breaks.
It has a chance till April to do so
Good trading
Boris
sold my QID and TWM on the pop so made coffee $$ on QID
still have a position in SRS which I probably will keep
Dear Lag ENJOY!
Good Trading, It is a bit confusting state here, but is getting close to resolution.
Good Trading
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