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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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  • AAPL



    The Friday close was bearish therefore it's down to 89.45, which is the termination of this pullback from 95.05, the reversal heads back up to reach 99.23; in order to confirm a potential reversal it can not trade below 89.29; 89.78 to 89.89 is a buy support level

    Disclosure: The author is long AAPL.

    Jun 23 7:28 AM | Link | Comment!



    no change

    directly up to 107.71 and a minor dip at this level, the major move is up to 125/130 but it reaches 110.11 to 111.31 and sharply chops between 108 and 110 before continuing upward.

    From 1/2014 we've been extremely bullish the crude and it will take out the 7/2008 high (146)

    Disclosure: The author is long CRUD, XLE, USO.

    Jun 23 6:33 AM | Link | Comment!
  • AAPL




    Still no major change, although a minor bias change is now on the table.

    no major change meaning still down to 91.02 to 90.94 (91.00 to 91.02 is the exact reversal level) and a reversal back up directly to 94.62; the key level to watch in order to qualify as a potential reversal is 91.02, meaning it must immediately trade above this level and in addition to NOT trade below 90.94, if so then the reversal movement is immediately canceled.

    Potential minor bias change is down to 90.41 (was down to 91.02) and in the event this down extension occurs then once a bounce develops at 90.41 (can't trade below 90.30) then it MUST immediately trade above 91.21 (today) and on Monday above 91.15

    today I have buying support beginning at 91.25 to 91.17

    a weekly close at 90.46 or lower immediately changes the immediate term bias from bullish to neutral

    91.92 to 91.98 is today and Mondays key pivot

    The most bullish scenario is hold above the daily floating pivot which is today at 91.21 and at 91.15 on Monday; doing so contracts the downside compression and expands to the upside (sling shot effect)

    Disclosure: The author is long AAPL.

    Jun 20 12:43 PM | Link | Comment!
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