Seeking Alpha

Master Che's  Instablog

Master Che
Send Message
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
My blog:
masterche.blogspot.com.ar
  • ESU12:

    8/15/12

    9:21EST

    Last update:

    8/14/12

    Closing Comments:

    ESU12:

    The support pivot at 1398.50 held; which means in theory immediately back up to 1410.00; but the final bounce near the close (1397.25) is a bear bounce (bearish compression) and should retest the support pivot at 1398.50 before heading back up.

    The bear bounce is pointing down to 1391.75

    1400.00 determines if it's down to 1391.75 or back up to 1410.00

    IMO it's down to 1391.75

    In the event this occurs it completely changes the immediate term direction (not intra day or one day) meaning back down to 1380.75 although more likely 1371.00, which completely makes sense, because it's been running on fumes for several days and badly needs to refuel the tank, the nearest gas station is at the 1370/1380 level or up at 1424/1429.

    NOW:

    The support pivot at 1398.50 marginally held on the AH, therefore the immediate move is up.

    Yesterday created a resistance pivot from 1403.00 to 1404.50

    IMO immediately up to 1404.50/75, which is the termination level of the bounce and back down

    Aug 15 9:22 AM | Link | Comment!
  • Crude: (September Contract) Soon Another Leg Up

    8/15/12

    9:14EST

    Crude:

    Down to 92.02; from 92.44 and downward buying support begins to enter and at 92.17/19 buying support steps up one notch, therefore reaching 92.02 is far from a sure thing

    Big Picture: Crude is simply consolidating before a new leg up to 99.50/100.96; IMO the move begins within 30 hours and it could occur within 8 hours.

    Reaching 92.17/19 one more time should do (not a requirement) it regarding a break-out; the Brent/New York sweet crude is expanding and as such a break-out is imminent

    94.86 is the a profoundly important level (weekly close); it's the OAV from 2/11 to 5/11 connected to the 10 - 11/11 rally; in other words this open apex vector determines the next leg up, which in essence is more or less straight up to 106/107; in fact it should go higher (111/112)

    IMO this rally reaches 136/137 (min.) and 263/267 (max.)

    Aug 15 9:15 AM | Link | Comment!
  • S.P. 500: Running On Fumes

    8/14/12

    Closing Comments:

    ESU12:

    The support pivot at 1398.50 held; which means in theory immediately back up to 1410.00; but the final bounce near the close (1397.25) is a bear bounce (bearish compression) and should retest the support pivot at 1398.50 before heading back up.

    The bear bounce is pointing down to 1391.75

    1400.00 determines if it's down to 1391.75 or back up to 1410.00

    IMO it's down to 1391.75

    In the event this occurs it completely changes the immediate term direction (not intra day or one day) meaning back down to 1380.75 although more likely 1371.00, which completely makes sense, because it's been running on fumes for several days and badly needs to refuel the tank, the nearest gas station is at the 1370/1380 level or up at 1424/1429.

    Aug 14 4:27 PM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments

  • Master Che on ES I strongly disagree but I thoroughly enjoyed ev...
  • INVESTORONE on ES Good day Master Che, The stock market is indeed...
  • Master Che on ES It appears we will test the 10/2007 highs, hard...
  • INVESTORONE on ES Good day Master Che,Remember Investorone's Trad...
  • Master Che on ES it should spill over a little higher..take out ...

Most Commented
  1. ES (8 Comments)
  2. Closing Comments: E-Mini - Gold - Crude - EUR/USD (7 Comments)
  3. S.P. mini's: Closing comments (5 Comments)
  4. E-Mini (5 Comments)
  5. Closing Comments: (3 Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.