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1378 1375 1370 1364 spx 1389 1392 1397 1403
This is an epic battle here, to keep things stable or "positively" moving, from the CENTRAL bankers point of view. Then there are the READERS of "central Bankers" who try to guess the next move. Well, I can tell you that we are better off with the ROBOT, it will go where we need to , EVENTUALLY, without losing shirt in the meantime
Beyond that I thought 2/6 and 7-8/6 would be the possible turning points and it is shaping up, that way , perhaps?
10:17 ET, This market could be proving that it wants to break on the upside after all. But we are where we are and should follow the rules. I only hope that On the 3rd day of the signal we would minimize the size, to see if we can increase it on the 4-5th day.
10:24 ET, We have just created an important exhaustion bar on both EMINI and NQ at the same time around 3rd, Please remember this is not a panic time, we have seen worse, we are only perhaps 3-8 points out depending where you chose to short. For a small position this should not even bother us.
12:31 ET, It is interesting that SPX is leading now and that could be the sign that things are slowing down for the market. But then again that maybe what we want to believe in(:_
15:37 ET, With all the strength that market is mastering Our patience will be rewarded, Keep you position small, as this move looks like a strong one and could carry on for few days. I can tell that from my experience in about 6-8 days from here you will be looking at a much better picture if you keep your powder dry for the later days.
15:47 ET, Actually here is pattern I discern in these kind of situations. The up move ends in about the 3-4 days from where it breaks out. If we consider the NAZ breakout started Yesterday then we arrive At about Monday for a Top area. With Tuesday also a possibility, now that would be pretty close to the 6/7 +- 1 trading days turn date, because it would be 6/7 +1 TRADING DAY ( so , in a way MONDAY can be seen as 6/7 +1 as there is no trading day on weekend
30 comments:
Dear Boris,
could this sharp rally set in motion the MDS crashette scenario?
Thanks,
Peggy
Hi Peggy I've seen your tide forecasts which have been very good. I'm interested in tide forecasting. Might you drop me an email? chsmith@speakeasy.net
IE CITs on north node peaks, midnight crossings etc, but most importantly determining polarity?
tnx and the best, curt
Dear Peggy, I think for one that the strength should be respected at this point. We need to get to the configuration of the SOLID blue line rising up and until we do, we/I will respect the wishes of the market.
Strength comeing where it is coming from indicates that, this market has strength coming from all kinds of places and if ROBOT gets us out of this without much loss or small gain, I would consider that success.
For now, I am not complacent with this market. Considering volatility though this could all change very fast.
For now, I think crash scenario is dormant, very much
Good Trading
Dear Boris,
Thanks. The crosscurrents I mentioned earlier this week are still in play creating this sideways choppy mess but they do clearly indicate a high around 6/13 or 6/16.
Best,
Peggy
Dear Curt,
sure - will do. fwiw, polarity can shift if you use just the tides cits. I rely on sun/moon data going back 100+ years for polarity.
best,
Peggy
Dear Peggy,
IF the ROBOT gets into BUY within next couple days, then the high projection for 13-16, I prefer 17+-1 day though, will be almost a shoe in.
But this should mean the market must correct a bit for the ROBOT to get us back onto another train
Good Trading
Dear Boris,
Thanks - that is very helpful.
:-)
Boris
check this out--weekly 3 yrs.
http://stockcharts.com/h-sc/ui?s=$SPX:$CPC&p=W&yr=3&mn=0&dy=0&id=p50539737420
Dear Lag,
Thanks, looks promising
Good Trading
Hi Boris,
Scaling
Dear Hopper,
Third day, Scaling Q's they are too strong.
I know you play the Q's right?
I would rather support scaling in SPX and later scaling into Q's as they could make one or more jumps up.
Nothing against the method, just the formula of scaling works best on the weekest sister in when we are on the SHORT side.
Good Trading
Hi All, I agree with your view of exhaustion bar. The 12:30/1pm high is in my map, then down. TBD of course.
curt
Dear Curt,
Thanks, we need this last 15 minute bar to be a BLAK bar to create 15 exhaustion and perhaps hourly exhaustion...
GOod Trading
Hi Boris
Wasn't your original call a turn on June 7 +-2 trade days? This may prove to be the best projection of all.
In my years, i've seen a lot of market analysts, but you are the best yet Boris.
Thanks for your work-Robert
Boris,
I know you are not a gap person but unfortunately I am. 1400 closes the gap down from monday which leaves the gap from this morning. this is my wishful thinking.
old john
We are finally getting a negative divergence on the q's on the 15 and 60 minute charts, so the run may be short lived from here. waldo
Dear Robert,
Thanks for the credit,
Sometimes, though, you and readers will have to be explained that I may declare about 1-3 turn dates a month, sometimes just 1, but The truth is that with so many of them "sometimes" anybody even not me would be right(:-.
So, was the GANN sometimes reducled for his, every point was a possible turn calls and so on.
The truth is simple.
The markets are complex,,, Hahahaha.
The fact that MDS can make it BLACK and WITH is still AMAZING to me.
In that complexity, 1-3 dates a month are not so bad that leaves often 112-18 days that are not "turn points", so that is not so bad.
The complexity of the markets though can only be handled by being aware of it and then projecting things and then watching the confluence of APS in all dimensions(intra/daily/annual) and Dates that may confirm that event. At the end of the day all this is not so easy. But a reasonable mind can make it work, especially if one follows MDS, which knows none of this and cares none of this.
THis is all for us HUMANS to fortify our "already accepted" faith in MDS and give us strength to support the position we are in.
Yes, I will take a LITTLE credit for being able to predict the turn dates, especially BIG ONES.
For the little ones though I have to thank MDS/ROBOT with its help in making the turns identifiable with some measure of accuracy.
Thanks again.
Dear John,
Good
Every bit helps.
But it takes real man to take the loss with pride and go on to next BUSS.
We have done this few time already and with total sum being positive, so we must be doint something right.
Good Trading
Dear Waldo,
Yes I notice the the leadershipt change, not so wishful thinking, that seems to be changing. And creating divergencies
Good Trading
Boris,
Disappointments are part of life. LIfe is a journey, some ups and some downs. If I walk away with a loss, then I will look forward to the next Bus.
It is not like life or death, it is only money.
old john
Dear John, So true,
Also, you see, I initially invisiged that most of the people on this board will be "INVESTROS", if there is such left.
Ans I am sure many are, as well as being/doing some trading to keep alert.
For example, A long term investor could use this board, by simply taking the BUY approache of MDS at the deepest declines, such as JANUARY MARCH period, where I have asked people to add to thier positions.
When you say it is not about money, that is correct too, it is about keeping in touch with people and market, while having the larger amount in the ASSET ALLOCATION category and letting some play money "teach" us about the trading and more so about us.
CAUSE THE TRADING IS , MORE ABOUT LEARNING OURSELVES, THAN THE MARKTS.
Good Trading
Boris,
you are correct. trading is about controlling ones emotions- both greed and fear, sticking with a system and looking forward, never look back. Looking back was ( and is) my problem- jut move on
old john
glad I chose to ignore MDS today. But thinking about jumping back on it at the close.
czman, what indicators made u ignore MDS ?
cheers
Dear Czman/Vishal,
There were days, when Dear Czman was wishing he did not ignore, MDS.
You see, I do not chose to ignore MDS, I chose to control the size of the trade, so that I can load of on the final days of MDS trade. I know it , usually does not last more than 9 days if it loses, and more than 6 days if it wins. So, I keep the best for the last.
If by ignoring you mean staying in small position after the breakeven was taken out, THAT IS EXACTLY WHAT I ADVISED YESTERDAY and DID NOT FEEL like to repeat today.
Once I ignored MDS and I missed on 126 point gain in SPX. Now that is an expensive MISS. Unfortunately we do not have the foresight exactly when and why we should ignore the beast. We try though and I say if I did not I will be talking to you now from my own BOAT , out in the SEAS(:-
GOod Trading
Dear Boris/Vishal
I have two primary systems. One is MDS, which I follow using the S&P 500. The other is a Nasdaq system, using QQQQ.
It so happens the QQQQ system was on a buy, and the MDS was on a sell. So I ignored both--better to make the interest. Technically speaking, I suppose you could say I followed both systems but performed some position aggregation. :)
As it so happens, the S&P 500 is slightly outperforming the NDX by .30 or so, so I lost a little bit of coffee money by not keeping both positions on.
Otherwise, for the portion of my money dedicated to MDS, I follow it faithfully. If MDS outperforms the other system, it will naturally attract more capital over time.
I do also follow a scaling protocol for entries and exits, as Boris mentioned.
BTW--both systems are now on a sell, so I am back in the game 50% at the close.
said that backwords. I ignored being short the S&P500, and ignored being long the NDX. The S&P outperformed the NDX, so I avoided a small loss. I made coffee money.
Dear Boris, I hear you. Im just trying to expand my knowledge. Im still in the learning mode (I think I always will be in this business :) )
Cheers
Dear Vishal,
I am with you too.
No probtlm at all.
Please Obtain as much knowledge as you can. My response was more of an inline with:
One can not follow the system one day and not follow the other.
System made money, because it was , by definition followed...
Now, within the systems own statistics there is something that makes it possible to work with it better and. I must say that, there maybe something, which I have not yet statistically shown , that the return to break even on the 3rd 4rth day is not a good sign.
That "feel" of the system itself, maybe what caused me to say. GO ZERO or very low position if market came back up to break even.
Good Trading
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