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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 I've been in... More
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  • S.P. 500 (Minis): Potential Bear Failure

    8/23/12

    10:33EST

    ESU12:

    Still no 1401.00

    Previous update

    8/21/12

    Closing Comments:

    ESU12: we took out the 1416.00 support pivot, therefore down to 1401.00; I need to review today in order to fit it into the picture; hopefully later I'll update the results

    NOW:

    If we don't reach 1401.00 it's clear as a bell, meaning back up to the highs; it should have reached it 20 minutes ago

    Aug 23 10:37 AM | Link | Comment!
  • Crude

    8:15EST

    Crude: (October contract)

    Previous update

    8/21/12

    7:00EST (a.m.)

    Crude: (October contract)

    Big picture: The move is up to 107.19/107.88 (min.)

    Smaller picture: we're now at a tricky level; this level has 2 daily resistance pivots and one weekly resistance pivot; 97.97 is the center (eye of the storm) of the resistance

    Resistance pivots:

    97.27 (Daily)

    98.45 (Weekly)

    99.53: (Daily)

    At the same time the weekly close is profound important, in the event we close at 96.14 or higher; then it should go parabolic up to 102.74 (min.) and more likely 103.92 but until this Fridays close and in light of the three different resistance pivots the weekly close is quite far away

    All three resistance pivots warrant an increased volatility

    First level - 97.27 (daily close)

    Second level - 98.45 (weekly close) from 97.85

    The volatility should begin from 97.29 to 97.97;

    Today's closing price is quite pivotal, a close at or above 97.27 is bullish and means it continues up to 101.14

    NOW

    8/23/12

    Crude: (October contract)

    Yesterday we closed at 97.29, therefore the first resistance pivot has been closed, in light of the marginal close, crude (today) is marginally bullish

    We have a few new key support levels, but currently that's all secondary. Yesterday we created a straddle; somewhat rare on the crude generally they appear more often on the equities, none the less a straddle is when you 2 exact patterns (size and time) and each pattern is clearly pointing up and down; in other words it's a tie game; the resolution is only upon reaching either the up or down target; the straddles are invaluable regarding direction of a new leg up or down, because essentially the pivot itself is a pivot. As such here are the numbers of the straddle

    Up price target: 98.58 (we reached 98.28)

    Down price target: 95.48

    Support pivot: 97.31

    In addition the straddles also create the immediate range (intra-day) which in this case is 104 points (good for day traders) in other words each movement (from the current LOD or HOD) must reach 104 points in order to continue in that direction, not doing so it immediately reverses, generally you can split these rangers, meaning 52 points, 26 points, 13 point movement

    We developed a new large pattern of which its support pivot is at 97.58, this pattern was created entered the twilight zone (3 major resistance pivots quite near, in the above update) as such this pattern should be turbo-charged; IMO it's still a little early on the pattern; but here it is

    Pointing Down

    Up price target: 100.38

    Down price target: 92.79

    Equalizer: 96.58

    The straddle pattern determines which target we reach, yes it's pointing down, as have been majority of the patterns since 77.88, which means the basis of this movement is strictly short covering.

    Bigger Picture: currently it must hold 95.78 in order to reach 102.74 and it must hold 94.50 in order to reach 107.88

    Those wishing to receive my intraday crude updates (I'm long the 8/13 and 12/12 crude contracts, but I day trade (hedge also) the front month, feel free to contact me at

    masterchetrading@gmail.com

    Aug 23 9:59 AM | Link | Comment!
  • DJ-30 - NDX - ESU12: Top Qualifications

    8/23/12

    9:39EST

    The question at hand is do we have a top or not, I'm biased to a move back up to the previous high and marginally higher in order to put in a top, but this could be wrong in accordance to the call on the NDX (major top at 2803.35)

    Top qualifications

    9:49EST

    NDX:

    We MUST reach 2756.17 before noon (or thereabouts) and reach 2727.98 before the weekly close

    DJ-30:

    Regarding a potential TOP in place (top call NDX at 2803.35)

    We have to reach 13002.95 before the weekly close and stay below (continuously) 13128.48 also MUST reach 13080.30 before noon (thereabouts)

    13205.00 is the key resistance pivot

    ESU12:

    It must reach 1390.25 today.

    Aug 23 9:53 AM | Link | Comment!
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