Master Che's  Instablog

Master Che
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I developed my own trading system, based on magnetism (physics) and velocity vectors...I find the center of the compression, and factor time with volume which determines the outward velocity vector (linear expansion) thereby predicting price and time. I have a market update service and I manage... More
  • E-MINI 3 comments
    Oct 27, 2011 10:18 AM

    10/27/11

    10:17EST

    ESZ11:

    We pulled back in accordance to the last update

    6:56EST

    ESZ11:

    Normally we would see a pullback at 1266.50; but in light of the closure of the compression detachment we may not see any pullback until 1273.50/1274.25

    Now

    The pullback is attracted to reach 1252.50/1252.75; although getting through 1257.00 to 1259.25 appears to be a difficult chore;

    Wonderful news yesterday, although they forgot to mention one little detail; how are they planning to pay for all of this; China; maybe; but if that occurs; then down the road the EU unemployment jumps drastically; in light of the potential trade agreements between China and the EU.

    Keynote: this recent rally (U.S. equities) was based on the European situation and solutions, nothing could be more erroneous then that, if that were true; then why is the Euro dramatically lagging the U.S. Equity market.

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Comments (3)
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  • miscon2
    , contributor
    Comments (67) | Send Message
     
    Sorry Che, confused... You are saying the rally has not been based on europe? If so, im having truoble discerning what it was based on... US econ seems fairly poor... But im no economist.

     

    Thanks.
    27 Oct 2011, 10:34 AM Reply Like
  • Master Che
    , contributor
    Comments (108) | Send Message
     
    Author’s reply » short covering....based on the European problems; strictly; the major point is this; short covering rallies lack longevity, meaning at one point in time, sooner before later, we back down faster and deeper than we came up..
    27 Oct 2011, 11:12 AM Reply Like
  • miscon2
    , contributor
    Comments (67) | Send Message
     
    roger on that, che. thanks.
    27 Oct 2011, 11:13 AM Reply Like
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