, BUY Supports 
click->YBR NEWS Link, who saw 3/2008 low in 
8/2007!My morning starts at GROUPTATION, yours too?
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 a bit today. Short JPY from 102.60 took profits at the close 103.31. Bought some SENIOR loan etfs(PFL, BGT) for 2% of my stock holdings. (small detail, forgot to mention, went long 100 shares QQQQ long 42.80 , which for me is small, I was late, cause I was urging you first to do it at much lower levels(:- ENJOY) Ivan, John,Jason all reported profits ( GREAT).Stocks recovered the intraday deficit. GOLD took a dive, Dollar was brave today. And ANTI-DOLLAR lost a bit and pro commodities took a big dive (GOLD, Australian Dollar and NZD took some beating as well). Is March 3 living up to the expectations? Let us take a look at it few days after.
08:36 ET, this little dive, of course, was caused by the employment number that came under expectation. I have 65 stocks on my board to monitor and about dozen are trading at this time.. Interestingly enough , none of them went negative on those news. They are all up from yesterdays close. Nevertheless please keep stops(actual) or finger(mental) in place to counter any big downdraft.
08:57 ET, I would not underestimate the following scenario. GOLD makes a double top around 7/3/2008+-1 trading day. 40/60 chance.
18 comments:
If you divide the New Zealand $ by the Swiss Franc you come up with .829 (March)
In the past when it gets to .82 we have had a rebound
This is a leading indicator by 1-3 days or so----this has went down to .80 or so in the Aug and Sept lows and .82 in Nov and Jan.
It also picks tops but you need a trend line that has been descending
I dont have any means to print the chart so I do it by math
If anybody can do a NZD/CHF chart it would be great so we can monitor it---has been near perfection
My other items are pointing to a bottom here to---Use till they dont work anymore? right?
Dear Lag,
Ok here is the chart you like to see.
GOod Trading
Boris,
Good morning, first day of MDS, will be careful.
old john
Dear John,
Good Morning and Good Trading to you.
All,
15min EUR/USD showing H&S pattern setup. If 1.5145 is broken we will most likely see a test of 1.5000 soon after.
Jason
Boris,
I see the chart below the MDS update but I can't click it to make it larger.
Jason
Looking into it Dear Jason,
GOod Trading to you.
Dear Jason,
Try now! this is a chart LAG talks about
GOod Trading
Dear Boris,
Good morning and thank you.
Viva the MDS!
Good trading to you.
Bert
Dear Wanderer,
GOod Morning to you indeed.
GOod Trading, Long live MDS, or we/i are lost(:-
Dear Boris,
Hard to get lost with MDS driving the bus:-)
Thanks again.
Good trading to you.
Bert
Dear Wanderer, You got that Absolutely right? (::)
Good Trading
Good morning Boris, you never cease to amaze me. God only made one of you and then he broke the mold. Thank you for such a great road map to the markets. Waldo
Dear Waldo,
We attract likewise,
Look around Dear Waldo,
Only splendid human beings around us. That is the way it is and should be. Thanks for your kind words, but realize that if there were no WALDOS Wanderers, Johns and Jasons and Dave's and Ivans and please do not get offended If I do not mention your name...
These are the people for whom this site exists. All the rest will come around , one day... I hope.
Thanks again
Good Trading
Boris,
Do you think this dive in the USD is an opportunity to add to recent long USD positions?
Jason
Dear Jason,
Only if you are underinvested. I must warn that any trading that overextends traders capabilties ( that is a matter of experience and capital) is totally dangerous and should not be followed.
I never risk more than 3% on a single trade and I am never more leveraged than 2:1. That means never leveraging more than 20000 if you only have 10000 capital.
As lon as these rules are followed then comes the tecnical aspects and that is to be seen. Not clear at this moment. IF MDS is any guide, within 2-4 days we should move higher in STOCKS and DOLLAR.
Good Trading
Dear Boris THX for the chart
Dear Lag,
SPecial for you.
No Problem. ENJOY
Good Trading
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