902 898 891 881 spx
922 926 934 943
898.49 892.74 883.39 871.81 es
922.76 928.51 937.82 949.44
30.355 30.136 29.778 29.335 gbp
31.284 31.504 31.861 32.305
97.202 96.942 96.519 95.995 jpy
98.299 98.559 98.998 99.505
731.37 726.57 718.77 709.10 xau
746.83 751.63 759.40 769.10
09:25 ET, 11/07/2008.
I see market better today, Hope to have a nice trend up , at least, into 12-13 ET and then some jitters with still Ok market by 15. Perhpas some let down at the end.
11:50 ET Above is what our subscribers were reading this morning before markets open ( it is a copy of the text on Protected Site - Psite). So far, So good
19 comments:
buy dug 39.77 and twm 110
dont think its over yet
stopped out of twm and back in at 107
Dear Boris,
that comment on currencies, you have no idea how right you are...
or maybe you do...
A-B
Boris,
thanx- dvy and sdy doing ok- good for us seniors.
old john
waiting until next "buy " date- kept a little powder dry
Dear A-B
Thanks for being back here.
Good Trading
Dear John,
ENJOY
Good Trading
Just a thought
maybe some riots and burning will create work
Lagscrew.
Most big city police departments are very under manned at this time because of budget cuts. Even some wealthier suburbs have cut police budgets. It is a possibility. I remember 74 and 82 and both times, crime was way up.
old john
sold DUG and TWM--to hard here and have to leave for a few-dont use stops,just like to watch-made pocket change
Boris,
thanx- talk to you over the weekend.
old john
A-B,
That reminds me of a friend of mine who exactly matches Boris' description. :) Super super great person, but I was just very surprised to hear about the move into currency trading... at a well-known hedge fund no less.
Boris,
Do the pressure graphs take into account intra-day behavior? (Today's mid-day selling comes to mind.)
Anyway, have a great weekend. Hope you can get some well-deserved rest. Great daily sketch. :)
Vin,
My novice guess is that the sell off and then recovery was "THEM". They shook the longs out- encouraged the shorts to get in- and then shook the shorts out. THEY probably sold and rebought at a much better price. Without Boris and the pressure chart- I would fall for some nonsense like that.
old john
John,
Agreed. It looks like big money had a lot of fun today. YBR/WBR have me a little bit cautious about what could come in the future, despite the pressure graph data. Perhaps we will begin transitioning from YBR to WBR as Boris has suggested.
Vin,
If I remember correctly, sometime last year the YBR transitioned to WBR. I just can't remember circumstances. YBR also has me concerned but you just have to monitor everything. I think that the next day Boris has pointed out will be telling. Almost like last week, suck everyone in the first part of next week and then a nasty surprise that shakes everyone out. I am sure I am older than you so I have accumulated dvy and sdy for these instances. Good dividends & when you buy fairly low, you only have a point or so on the down side so far. I day trade the Qs usually.
Have a good weekend
old john
Dear Vin,
I am sorry, I was held up few personal things late in trading.
No the prossure graph does not know intraday staff.
Good Trading
Dear John,
Enjoy Good Trading
Good Weekend
John,
I wish that I had discovered Boris before September. He's got so much experience inside of him. :)
Thanks for the pointer about YBR/WBR. I'll keep an eye out. I've gradually adopted the same sort of mentality about big-money, but it's good that you remind me. Intra-day observation can distract me from the bigger picture.
I've not always traded heavily (more swinging over multi-week periods), but the past 2 months have been other-worldly, and I let myself get sucked into the fun. 2-3 weeks of action in every day: once in a lifetime I tell myself. :)
I really hope that we don't get a multi-year flat-lined market (or even something like YBR). I know so many people who are trapped into long positions from much higher market values... Still, credit contraction is real, and it bothers me that we might have borrowed too much growth from the future.
Have a great weekend, John. :)
Thanks for the info, Boris. Good to know. :)
Never worry about taking your time with responses. It takes much more than that to try my patience. :)
Vin,
About big money shaking weak hands, stopping, pushing and playing the markets, i can only tell you, you did a precise diagnosis, this is exactly how it works and especially on currencies.
A-B
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