Master Che's Blog – February 2011 Archive (6)

2/7/11

Closing Comments:

We have quite some distance to travel (1291.50 and 1296.25)

In order to cancel out the active up extensions (1321.00 and 1330.25)

It appears we reach the up extensions (1321.00 and 1330.25) before reaching the upper walls (1291.50 and 1296.25)

Do I see the market differently…

2/4/11

7:06EST

Since last night; I’ve been trying to figure out;

how to write this update.

I don’t like writing these types of updates;

Meaning so extreme..

ESH11:

A strong sell on the ALL the time frames

Only reaching 1320.00 cancels out the now and immediate term…

2/3/11

9:20EST

Crude: (March –CLH11)

We flipped over on the time frames

From 480 -540 minute to the 60 minute time frame

60 minute time frame

90.95 is the original OAV

90.58 is the new OAV

90.00 is the floating OAV

a few minutes ago we pushed off from the…

2/3/11

9:03EST

Silver:

we just pushed off from the key OAV (28.14(5)

as such it must reach 29.33 and 29.42

28.58 is the key resistance (now term)

29.09 reaching or not is also quite profound

not reaching 29.33

adds to the downside compression

remember…

2/3/11

7:51EST

ESH11:

Yesterday’s price action was clearly consolation before the next move up

This should begin soon

Although the initial price action will extremely choppy

From current levels (1298.00) down to 1296.50 then

Up to 1306.25

Then an immediate pullback 10…

2/1/11

Closing Comments:

USD:

It MUST trade above 77.10

If not it enters a down extension to 76.65

Although as such at 76.94 it bounces

Not taking out today’s low (77.06(5)

Moves the reversal door handle (79.91)

and also the big reversal door handle…