Markets are going for their own demise? ( short term at least). This market is very , very overextneded. There is hardly any other way to describe what we have here.
Wednesday, May 20, 2009
getting there
Please do not view what we say here advice to sell or buy anything. We have tools to fine tune what we say/see here and that is preserved for subscribers. Sometimes between the notice of market decline and actual decline there could be good 50-100 spx points. you do not want to trade on this notice.
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66 comments:
Dear Boris,
Good morning!
Good trading.
Good day:)!
Bert
Dear Bert,
Very good morning
and Good Trading
My Very Dear friend.
Dear Boris...Lots of action today...Euro entered the crosshairs
Boris
Good morning-
old john
Dear Xerxes,
Agree, a lot of action.
We shall see what develops.
everything seems to be at crosshairs
Good Trading Dear Xerxes
Dear John,
Good To see you alive and
S O B E R?
After the party(:-
Good Trading Dear John
Boris,
A couple of glasses of wine ( not as good as Waldos) was all I had. Very severe storms here for the last few days- flooding,tornados- have to keep my senses about. Market seems very interesting,
old john
So far so good Dear Boris....Is a bird in hand worth 2 in the bush here Dear Boris....
Well, I am all having sences with us at all times possible Dear John and Dear Xerxes,
Let us see what the day brings
Goo Trading Dear Freinds
Let us see what the day brings...
Either champagne or gruel Dear Boris
Are New Yourk Crooks, whose property values are protected by 9 Trillion Dollar deficit ( over 5 years) Dear Obame stuck to US( me and you?)
It is reported that Dick Fuld former Lehman head huncho is asking 32 Million DOllars ( not pessos) for an Park Avenue apartmnet he paied 21 million in Jan 2007.
Yes, so, you tell me whse Home values Is Dear Obama protecting
Good Trading
Sticks aren't dollar friendly at the moment Dear Boris...S&P up over 8 ...
Do you have your eulogy written yet :-)
Dear Boris...What kind of ding dong would pay 21 million for a flat...He must have drank 1/2 the kool-aid served up in mid-town...
Dear Xerxes,
Wait a bit and sticks will change configuration.
If not, stay the course.
Good Trading
Dear Xerxes,
The ding dang that pays 21 Mill for Freaking Park Ave Apt is the one that knows that Crooks will be protected by MAFIA ( are not they the same?, come to think of it - SOPITALISTS) and prices will actually go higher as the out of the way areas will simply be unlivable! made it so on purpose(:-
Good Trading
Good point Dear Boris....Instead of escape "from" NY it will be escape "into" NY :-)
Dear Boris...Took my eye off USDCAD for a moment and it dropped past the 2nd daily low, now 1.1429....Is today armageddon? :-)
Sorry, I missed the 5 minute APs capture.
Sorry about that, please use the hourly and daily numbers.
Good Trading
We recovered the 5 min APS
At the Dot Net site
Good Trading
dear Boris...The chump will need to sell his flat for 37 million so he can afford a meal on the Champs Elysee :-)
Good morning all, Here is a head scratcher for you, the govt prints more money and dollar goes down but companies issue more stock and prices go up. Laughable if they think we are that stupid and I believe they do think the american people are stupid. waldo.
Dear Waldo,
Americans are not as a bunch stupid, that is in fact , why they buy stocks, because if they do not now, they will become more expensive ( per dollar) as more dollars are printed..
Does that make sense(:-
I hope it does. So , we do not do it out of stupidity, but out of being smart , not wanting to lose purchase power(:-
Good Trading Deaer Waldo
Waldo
Americans ( average ) are that stupid. Not able to critical think like George Carlin always stated. The people on this board probably have at least a 20 point IQ advantage over the average American. THEY do not want a smart people.
Other than my nonsense, how have you been? Stuck here in florida with storms, rain, cool and tornados.
old john
Hi John, been doing ok, worked on laying out the garden last evening so I can plant saturday. Went to the doctor today and all seemed ok. Sorry about the weather there but you living in az you get lots of good weather. Maybe fl. is showing you a reminder of chicago at times. Whether it plays out I am seeing positive divergence on a lot of inverse etf's on a daily chart. waldo
Dear Boris....Sterling passed the 200 like it wasn't even there...
Waldo,
Thanks. Reminds me of the dreary days of chicago. I believe we are going down ( Boris) - a couple of anecdotal items- people I used to work with are now plowing money into their 457 funds, feel it is now safe. My wife bowls with a dentists wife, big bucks, she told my wife they are going back in this week with an amount I could only dream of.
old john
This country or govt does not know how to grow an economy without creating some kind of bubble to bring us crashing down every 5 to 7 years. Look at history of the markets since the 1800's. When they learn to do that without creating bubbles I will welcome that kind of govt. but until then I think they all are a bunch of idiots in washington d.c. waldo
Dear John,
Thanks for anecdotal eveidence.
It is really, really helpful.
Florida rains(:-
When it rains it P's as they say.
Good trading Dear john
Dear Xerxes,
When that happens, it is clear.
A lot of people are trying to short.
Good Trading Dear Xerxes
It's sad john that most people only look at price of the markets and where they have been thinking they will go back there soon meaning the highs. They don't realize that it was artifically ran to those levels not realizing there were no fundalmentals behind the run to the top. It is different now or is it. waldo.
Dear Boris...Many may be shorting but Government Sachs must be buying
Has everybody noticed where the EMINI stopped?
YES, exactly on the uptrend line , BULLS EYE,
Please look at the chart I have send this morning.
Good Trading Dear Friends
It's amazing how fast they climb and how slow they fall Dear Boris, almost like watching grass grow :-)
Dear Boris...I'll be interested in your report manana, especially as regards metals...
market is waiting on the fed minutes at 2pm. at least looks that way. waldo.
We will Do Dear Xerxes,
GOod Trading My Dear Friend.
Dear Boris...equities will stay afloat until that dentist John talked of commits his wad...QED :-)
Dear Waldo,
Thanks and Good Trading
Dear Boris...The sticks look good for the antidollar crowd...
Today's rout seems almost watershed like Dear Boris....
Dear Xerxes,
Noted, Dollar is beaten as we thought , there will be "SOME MORE ... FOr Dollar".
Ok, we shalle see what is next
Good Trading
Beaten Dollar Dear Boris...You're very kind :-) I'm wondering if the 3rd daily is in the crosshairs today...So far dollar has recovered a whole 9 pips while S&P lost 13 points....
Dear Boris Here is a little trick I picked up from the web , ever since they changed the opening time of the market in new york the hourlys are really now 65 minutes , that is one reason the the market fell at 10.35 . it is really very helpfull to time the market with this and the half hour are 32.5 mminutes as it progress thru the day , to make up the extra half hour of tradeing from the normal" hours "of tradeing.
Dear Boris....Euro made a new high...
Dear Boris...You were correct...there was "some more" punishment for the buck, now closing in on the third daily...
hi boris, can you comment about the brutish pound!
thanks,
gorli
Dear Gorli,
If BRUTISH persists here , It could go to 1.61.
This level is cleary visible on GBP chart I gave today.
Good Trading Dear Gorli.
This is a traders market.
Good Trading Dear Gorli
For now though it is very likely that it is done for today.
at 1.5662
I mean today is done for BRUTISH ,, unless the 1.5662 is aceeded again, which where trader would have put the stop loss
Good Trading Deaer Gorli
Everybody,
These days of FED are very emotional days.
I , frankly , suggest that people not trade on those days.
It is very hard to apply normal trading rules to abnormal days.
Good Trading
Dear Boris...The dollar has lost some 400 pips since Monday....What does some minutes released a 1/2 hour ago got to do with it...USDX is in freefall....
Dear Xerxes,
Please note that SWISSY is hardly higher ( few cents) from the one 5 days ago.
Concentrate on what is going on.
It may not be as dire as it looks.
But let us watch what develops
Dear Bernanke is a speculator and caused the Dollar to go lowoer, by making the absolutely stupid statment.
That he/FED may purchase more bonds and assets in the future if the conditions warrant.
Who asked him? amd why talk this BS now.
Does he know that bad things are coming( good things for Dollar) or he just wanted to push Dollar little more down?
You be the judge. I for one, have no idea, why else would FED chair put this BS in the statment
Good Trading
Dear Boris...If I knew what to concentrate on I wouldn't be posting :-)
That he/FED may purchase more bonds and assets in the future if the conditions warrant.
But this isn't a new revelation and the market starting declining early Monday.....
Xerxes
You are probably correct. I met the guy once, very nice man. My wife and his were bowling partners back in chicago. He probably has more money than all of us on this board together have. THEY will try and take as much as THEY can
old john
S&P dropped 2% and the euro coughed up 30 pips Dear Boris...Can't even get a decent short in after 400 pips Dear Boris :-)
He probably pushed the dollar down so Brazil could buy them cheaper. They announced that Brazil was buying dollars earlier. waldo
Dear John....You said this rich guy is a dentist....Many people don't realize that those damn root canals that these guys perform by the hundreds of thousands cause significant morbidity. This morbidity, of course, greatly enriches the allopathic medical community...Got to keep those medicare dollars flowing...
Xerxes,
I read something about that years ago. I do not have that problem, no crowns for me. Had front teeth knocked out in Viet Nam in 67-. First time I went to dentist was when I was going to go to private high school ( someone was paying my way)-
old john
Good Morning Dear Boris...
USDX approaching December lows Dear Boris...Gold over 941..
Dear Xerxes,
Thanks for reporting.
Yes, all you say is correct, please reade the updates on DotNet
Good Trading
Dear Boris...Sterling was just crushed and the euro rose....The euro must be the new safehaven....
Dear Subscribers,
The BRUTISH was brutishly manhandled by markets.
But I want you all to learn a little lesson here.
What makes you (AP ) trader a better trader than others is not that we could all see the 200 dma in GBP. Not at all. The SHARKS see that 200 dma better than you and i do(:- belive me!
Those that thought that it should stop the GBP are novice that were taken to cleaners yesterday. those that knew that SHARKS are manhandling BOZOS, by rasing the GBP beyond where it belongs, perseviered and shorted the hell out of GBP all the way until this morning where it hit within 15 points of the First IHAP ( hourly) and then formed the waterfaill formation, which resulted in , well, exactly, waterfall.
Welcome to BOZOS versus AP traders.
AP Trader
1) knows that sharks are out there and will do everything to take the BOZOS to cleaners
2) Know to wait fo the day after hangover and watch the APs and formations.
Sorry, If are not trading like this and still do not understand how it works you have only two choices.
1) Join us and trade APS
2) Be part of the crowed that is guaranteed to lose.
Good Trading
"Having that said, I think GBP has or will reach the top around 1.61, and Dollar should recover"
The above is a quote from the DotNet site www.antisopitalist.net , 30-60 minutes before GBP crashed 3 points And back below 1.5555 - 200 DMA
Good Tradiang
Dear Jim,
Being a hectic day, I missed completely, your excellent not.
Thanks for the insight my Dear Friend
Good Trading Dear Jim
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