Master Che's  Instablog

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7:32EST
We got the dip to 1535 as updated and now should be up to 1550.25 and then a stall and a dip with a tight trading range - and then up to 1552.75 and at this level we have 2 options - but beforehand if it directly heads up to 1552.75 without the hesitation at 1550.25 (minor dip and then boredom) then this has an adverse resolution, meaning it's trying to break- out to run up or fail to break-out and down to 1529.50

1540.25 - 1540.50 is the key level (OAV) for today

I'm heading out to renew my drivers license therefore I could miss the open...

2/28/13

8:59EST

MARKET OVERVIEW:

FOMC Economic Intervention (COVERT) policy:

In light of Bernanke's courageously brilliant maneuvers since the CRASH and in my scorecard he's got A+

Although Mother Nature (Economic cycles) thinks quite differently, which is an inherently manifested force within an even stronger more powerful natural economic cycle choking Bernakes recovery plan. Employment is the heart of the economy exceedingly and profoundly effecting economic growth (consumerism), far more important than any other element.

Therefore Benny's only got one card left to play in this poker game.

"NEW ALL TIME RECORD HIGHS"

Mom and Pop see the new's headlines and figure times must be great and help their granddaughter buy a house; etc. etc. etc. etc.........

Benny will lose the poker (obvious) game; not because he's not a great poker player, although he always deals to himself off the bottom.

I hope I'm wrong I need to help my daughter buy a house in upside New York.

Manipulation: The Physical manipulation (Network concept) is far more eloquently sophisticated and developed than one would imagine.

These people are the world's most talented people (hand's down); just the rookie bringing in the coffee is making 450k - and he took a pay cut to get this job. The guy drinking the coffee pulls down triple that, although recently more due to the successful play since OCT. 12 and yesterday morning they plugged up the crack in the leading tower of greenbacks

The Floor:

Ghost town - everything now is Electronic aside from the required physical presence of the market makers.

But let me tell you a story

A guy I worked with (or rather my contact with Stearns; he left there in 4/06; all my contacts with Sterns terminated in May, 2005.

Immediately afterwards he got hooked up on the floor with a two other guys (all partners) and they just smelled and always looking to tear away some fat (wolfs - scalpers).

I supplied them with ES updates - Sykpe - all day long. My fee was juicy.

But at that time (1/08) it was an easy call, sell the bounces. All the major economic cycles were pointing that this was the big one. (IT STILL IS)

They made a tremendous amount of money; I was happy, at the beginning of our contacts regarding my fee (paid in advance) the two other partners refused my request, so I did this "I said $500 a day - for three days - after the three days my fee must be met or nothing."

A week later they happily transferred funds.

March 09 I had it (SPX) reaching 621 min. more likely 575/590; but it bounced 60 quick points; We were hedged from 686 (SPY), and it ran straight up 200 points, our shorts got stopped out at 746; we never added to the long (hedge); because it was heading back down; it never did. in fact the opposite we continuously got stopped out on ALL our shorts.

From 4/09 to 6/15/09; I was wrong 90% of the time; my work had it going back and possibly sideways for a month or two near the previous low.

The last week end of June; my friend from Stearns said this

"Yesterday I noticed a guy hanging out all day doing nothing, ordinary looking fellow, you know common clothes with tired shoes and an old cellular, he just sits around doing nothing and then suddenly he blends into the floor and he buys everything, and then goes back to doing nothing. Well today we're following him, without him knowing. When the lone fellow would buy my guys bought; and the profits rolled in. I had it going the other way, always.

It was then that I realized I must develop a mathematical theorem proving this manipulation and fortunately I was lucky enough to do so.

Times have changed; the floor is a ghost town.