We do still expect and wait to get the purchase signals on our tools and they are partially there , but not all/most therefore we wait. And even after getting such signals we will proceed very cautiously. This is not a time to chase the market. In fact market should only be bought at discount or not at all. We are 45% invested that that is fine, as we will protect some all of that if we get the market downturn of the size we do think should come. We think today is going to be a sideways to down day.
29.91 29.79 29.59 29.35 qqqq
30.41 30.53 30.73 30.97
899 897 893 888 spx
908 910 914 918
895.62 892.12 886.42 879.38 es
910.39 913.89 919.56 926.63
1.084 1.081 1.076 1.070 chf
1.097 1.100 1.105 1.111
26 comments:
Good morning, Boris, all.
Boris, out of curiosity, have you backtested the MDS systems on the crash of 2001-2002?
Good Morning/Afternoon Boris:
They're still flogging the buckeroo with the cat-o-nine-tail..
I didn't know you have silver outperforming gold going forward..
Problem with silver is that it is known to precipitate myocardial infarctions :-)
With an oncoming depression, I would think that silver would not be as good as gold, but what do I know. To me silver looks like pewter.
xerxes
Good morning everyone, according to the pnf charts demand for stocks are now in control, this is the first time in a very long time but that could change and also a 3 box pullback is normal. Just thought you would like to know. waldo.
Waldo
what is the # on the pull back
Dear vin,
MDS did not exist in 2001
Thanks My Dear Friend
Dear Xerxes, I hear you My dear Frind
Dear Waldo thanks My Dear Friend
Hello Dear Boris...
I heard Jimmy the Greek out in Vegas is giving even money odds on the buck being back to 1.60 by Yom Sylvestre :-)
Now that's some holiday cheer :-)
xerxes
Oh, ok. I was just curious about its performance during a prior crash scenario. It seems to be managing this one just fine, anyway. :)
Lag, just pull up the pnf chart on whatever time frame you are watching on the instrument you are trading. I know you trade twm and the russell needs to break thru the 482 area to go much higher. 482 is resistance, actually double resistance. waldo
Dear Vin,
MDS contains no money management, stops that would have helped it avoid the crash, like we did. Even though MDS got caught int the crash it is still profitable on the YEAR. How about that. Incredible. Discretion can anybody use is a simple one like, stop the trade after 50 point loss.
That would have made the records show MDS even more incredible.
Even so, it shows 77% win rate and 1000% return over 22 Months
Anybody can judge those numbers
Good Trading
Dear Xerxes,
I do all my bets in the market.
Could be 161 by then.
WHo knows.
GOod Trading
Hello Dear Boris.....
The Jimmy Greek thing was just a joke....Just light banter....
Looking at EuroUsd on the daily, it seems like a cup is being fashioned....So do we get a handle (which is your usd predicted rally) followed by the pattern completion (euro bullish move)?
Just thinkin' out loud.
xerxes
Boris,
Your secret is safe with us. We won't tell your children about your proudest creation. ;) (Just kidding!!!!)
Dear Xerxes,
I do not really think in terms of the cup and handel.
I know some people think that way and it must be useful concept.
I never got into it.
CANCSLIM method ( by ONEIL ) contains that concept.
I guess if one applies it correctly it must work
Good Trading
Boris
got out of my shorts this am at big loss
indicators quit working--really sucks when they change rules all the time
may take some time off--good luck all
Dear Lag,
Good Luck,
Need to let market come your way and not take big risks. My Dear Friend.
This market requires extreme care.
Bandits/Sopitalists are out there running this thing up and down like world has gone MAD
Sorry, but do not get discouraged.
We love your participation there.
Take a rest and then start small. Relly small to reget and retain confidence.
Dear Lag, You are a reall gentlmen, you will overcome.
Good Trading
Dear Subscribers.
Yes, we were a bit early and suffered enough of the SWISSY being pushed around to 1.23 by Dollar. But We have been windicated. SWISSY is around 1.08 now.
Not bad, considering how dificulst the SOPITALIST banks make this trade.
HALLELUJAH!
Good Trading
Hello Dear Boris...
Trade difficulties???
Seems like the ECB/Fed combo rang the bell to commence the complete and possibly final, utter, debauching of the medium of exchange....
The fx market looks like a spring day in Pamplona. All that stand in the way get gorged :-)
xerxes
Dear Xerxes,
I agree with you
I have never been to Pamplona though(:-
In any case, this is not a market for amateurs and fainthearted, for sure
Good Trading
Boris,
I am an amateur- but I am not faint hearted
old john
Dear John,
I do not think you an amateur any more.
If you were, think about it, you would also be fainthearted about trading.
Now, true you may still need to learn things , but you know enough not to get in trouble easily.
And that is way/way beyond being amateur! My Dear Friend John
Just checked on new CD rates, was quoted a whooping 1 1/2 percent. I am going to take my money and put it in a safety deposit box. I refuse to let them use it for 1 1/2 percent. waldo
Hello Dear Boris....
Well, I consider myself an amateur/student and will forever after...
I know you have been a commodity currency bear....I would have thought that they would benefit from the impending gold bull run, helped along by favorable interest rate differentials....
Since you don't like 'em, I don't either :-)
xerxes
Dear John,
Somebody maybe very limiting themselves to the few securities and still be beyond amateur.
I short, he/she who knows enough not deal with things that are not very familiar to them is not an amateur.
Remember Even Buffet says that he did not want to touch Tech stocks in 90s because he "did not understand" the field.
The buisness was not simple for him to read.
That is the sense I meant.
Good Trading
Dear Xerxes,
I meant to address the post to you as well, My Dear Friend
Good Trading
Boris,
You know me by now, I concentrate a couple of things and that is it.
old john
John,
I like that. Being focused on familiar things keeps the garbage out, and this market is throwing more and more of it at us. Boris' patient way is clearly the way to go right now and always. My bear costume left a little mess on the floor, but I'm slowly mopping up. (It's what I get for not listening to my comment two weeks ago about the possibility of a mini-rally euphoria.)
Thanks for being so consistent with your actions, Boris. :)
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