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[Master Che]

1/18/12 1:25EST ESH12: The immediate term OAV (last 5 days) is at 1292.25; in other words above the OAV then up to 1314.25 (min.) below the OAV then to 1269.50 (min.) The pullback at 1300.75 was expected, although the depth of the pullback was not clear In the event we continue down; light buying support begins at 1296.75 and stronger buying support begins at 1295.25 to 1293.50; at 1294.00 buying becomes the strongest Regarding the last ES update: 11:01EST ESH12: I’m having a hard time writing this update We have a recent bottom pattern of which the up price target is 1299.75 The earlier move up failed to reach it (reached 1298.00) none the less expect a short lived pullback 1299.75/1300.00 expect The 10:30EST timer (180m) printed bullish to very bullish; meaning the immediate move is without question up to 1303.50/1303.75 (min.) in fact higher up to 1304.75 and highly likely up to 1310.25 and in fact quite possibly up to 1317.00; the 10:30EST is based on compression lines (180m – 2) its roughly 87% of the time accurate. Failing to trade above 1300.00 and instead immediately trades below 1286.00 Clearly opens the potential minor (180m) manipulation door (down); the 240m timer confirms major manipulation. How I see it is entirely different than the 10:30EST timer, which is failing to trade above 1300.00; this sort of a conflict rarely happens with me, I always go with the calculations. Never the less the new now term OAV is at 1292.75, if we fail to trade near the OAV or below it in the next 60 minutes I’ll consider changing my bias NOW: Early indications are that I was wrong and the 10:30EST timer was correct, although we still haven’t reached or taken out 1303.50/75 NDX: As mentioned before, we took out the 10/28/11 high at 2412.52; now it must hold this level, and in fact go higher up to 2423.30 Yesterday’s NDX comments The NDX has still not taken out the 10/28/11 high at 2412.52, as previously mentioned many times, the NDX must take out 2412.52 in order to confirm the DJ-30/SPX move above the 10/28/11 highs, in other words taking out 2412.52 (NDX) adds one leg (not two) to the SPX/DJ-30 break out above the 10/28/11 highs; But today’s close 2392.25 (NDX) is not bearish; In fact today’s close points to taking out 2412.52 - The NDX must close (daily) at or below 2374.26 in order to negate this immediate situation NOW: Clearly trading above 2438.44 adds to legs to the SPX/DJ-30 rally; I’ll explain later what this equates to in terms of price expectations