1/19/12
8:44EST
EUR/USD:
In brief I’ll answer your EUR/USD (hysterical) questions
We put in an Intermediate term top at 13197 on 12/21/11
Intermediate term = 1971/1996 hours (82/83 days)
As such the next down (MAJO range move is to 11993
Although the MINOR range move is down to 12343;
Question at hand is when?
493 hours (from the 13197 top) is the next turn (time cycle), the last hours high at 12925 is 491 hours, therefore in theory we’re currently in that turn time cycle.
The last 2 or 3 updates I mentioned to all of you that at 12650ish expect a decent bounce, because it’s the lower right shoulder of the MEGA long term inverted head and shoulders from 10/2008
ESH12:
No major change from last nights update
Last nights update
5:40EST
ESH12:
After further review
We should reach 1309.50 to 1310.50 in the AH;
In addition I show we will have a significant pullback at 1314.25/1314.50
Recently (10/11 days) we’ve developed strong support from 1273.25 to 1277.75
Now:
I’m still quite backed up on the stock research and analysis work; the total project is 360 stocks, although 180 this week and 180 next week. There’s a abundance of excellent long plays (not a swing) and excellent short plays. This is the first time in 25 years that I’ve ever looked so deep at the stock market. Actually it’s quite fascinating and interesting; I’ve learned a lot that I didn’t know beforehand, regarding how the clock ticks. I’ll expand in depth on this subject early next week or the next, I don’t mean the particular stocks, but I mean how the stocks directly affect the Equity indexes; There is a vast difference in the various sectors, the Bio-Tech and High-Tech are in a different world the remainder of the markets
Therefore today I doubt I’ll have the time to update here, any questions please contact me directly (e-mail)
ES - EUR/USD
Started by
Master Che
, Jan 19 2012 08:46 AM
No replies to this topic
#1
Posted 19 January 2012 - 08:46 AM
Master Che - market updates - masterchetrading@gmail.com