Intraday Time and Cycles Updates Wednesday Dec 18, 2013

3.10 pm Eastern: Final Update of the Raj T&C Free week

We are rallying into a last hour high as expected.

Today's Fed announcement looks like a Low instead of a High. (yellow Lines on the hourly chart).

This will be my last Update for the Free week.

If you want to subscribe, you can do so here: 

http://timeandcycles.blogspot.com/p/blog-page_9.html

You need to do a Cost Benefit analysis. The $110-140/Month subscription is $3.50-$4.50/Day, will the various unique Time and Cycles techniques be beneficial to you as an Investor? Can you make more than 3 Mini SP points in one month for it to be profitable for you? My current subscribers certainly think so and some make more than 3 Emini SP's in a day, but still alot will also depend on your own Money management skills.

We wish everyone Happy & Healthy Holidays.

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  2.20 pm Eastern T&C Intraday Update

Fed cuts bond-buying but stresses easy policy

Fed tapers by $10 Billion dollars, which led to a spike lower to 1767.99 SPX for 5 minutes at the 2.00 pm cycle Low, but will continue to ease, which led to the sharp rally afterwards, above the Make or Break trend line resistance at 1783-84 SPX, which is bullish.

We should still see a last hour High.

Intraday 5 min SPX Time CIT 12/18/13: 10.10, 11.05 Apex, 1.15*, 1.45, 3.25 pm

Actual: 10.15 High, 11.00 High, 1.16 Low, 1.35 Low,

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H

Actual: 9.40H, 9.55L, 10.15H, 10.55L, 12.30H, 1.15L, 2.00L

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10.20 am Eastern T&C Intraday Update

Good Morning,

Welcome to the last day of our free week, we hope it has been enjoyable, informative and profitable.

The intraday cycle sees a 1st hour High and normal bias to be higher.

Also as yesterday was a down day, today will tend to be an Up day.

We have seen a 1st hour High so far today and are just above the 1784 SPX down trend line, which would be bullish if we stay above it.

Today is Fed decision day, which has often marked short term Highs in the past 6-7 months, within 1-2 days, as can be seen as the yellow vertical lines on the SPX hourly chart.

Intraday 5 min SPX Time CIT 12/18/13: 10.10, 11.05 Apex, 1.15*, 1.45, 3.25 pm

Actual: 10.15 High

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H

Actual: 9.55 Low, 10.15 High (In progress)

Wednesday sees a possible 9.40 Low+/-, rally to a 10.30 cycle High at the 10.10 CIT, decline to a 11.15 cycle Low at the 11.05 Apex CIT, rally to a 12.20 High at the 1.15 CIT, decline to 2.00 cycle Low at the 1.45 CIT, rally to a 3.40 cycle High at the 3.25 CIT.

Intraday Mebob Buy above 1778.25 /ES (Dec Emini SP)

Intraday Mebob Sell below 1777.00 /ES (Dec Emini SP)

Intraday Time and Cycle Review Tuesday 12/17 and Forecast 12/18

Review: “Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm”

Actual: 9.30 High od day (HOD), 10.40 High, 11.30 Low of Day (LOD), 3.35 High

Review: “Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H.

Tuesday sees a possible 9.40 Low at the 9.35 CIT, rally to a 10.00 cycle High at the 10.30 CIT, decline to a 11.00 cycle Low at the 11.25 CIT, rally to a 12.30 cycle High+/-30, decline to 2/30 cycle Low+/-30, rally to a 3.50 cycle High at the 3.45 CIT.”

Actual: 9.30HOD, 10.15H, 11.30LOD, 2.15H, 3.25H, 4.05L
The intraday cycle saw a 2.15 High and 4.05 Low.


Intraday Time and Cycle Forecast 12/18

Intraday 5 min SPX Time CIT 12/18/13: 10.10, 11.05 Apex, 1.15*, 1.45, 3.25 pm

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H

Wednesday sees a possible 9.40 Low+/-, rally to a 10.30 cycle High at the 10.10 CIT, decline to a 11.15 cycle Low at the 11.05 Apex CIT, rally to a 12.20 High at the 1.15 CIT, decline to 2.00 cycle Low at the 1.45 CIT, rally to a 3.40 cycle High at the 3.25 CIT.

Notes: There is an Apex CIT around 11.05 am. Fed's decision on IR is at 2.15 pm.
If we rally solidly above the 5 min Downtrend line at 1784 SPX, it is bullish, below is bearish.

Intraday Time and Cycles Tuesday Dec 17, 2013

 1.00 pm Eastern T&C Update

 

The midday high is lower than the 1st hour High, which suggests weakness into the last hour High.

We are still in the 12/16-17 Solar CIT window, so only if we decline below 1772 SPX today, will we see 1760 and 1745 SPX.

The downtrend line remains critical for the Bull/Bear Scenario short term.

Short term looks like a 5 min Bull flag, but we would need to break above the DTL at 1786 SPX to confirm a bullish break-out, which is not likely today.

Tomorrow's intraday sees a 1st hour Low and bias to be lower.

It is also the 1st Fed day and there is an 11.15 am Apex CIT.

Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm Eastern

Actual: 9.30 High, 10.40 High, 11.30 Low

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H

Actual: 9.30 High, 9.55 Low, 10.15 High, 11.30 Low, 12.55 High (in progress)

 

=============================================================== 10.25 am Eastern T&C Update

Good Morning,

Welcome to day 2 of OE crook's week.

As yesterday was an Up day, today will tend to be a consolidation or down day. 

The 5 min downtrend Line is acting as Key resistance at 1789-90 SPX and should be watched closely. 

If it holds, it would give a bearish bias and a solid rally above it, is bullish.

As yesterday' intraday cycle was not crystal clear, we will watch today for more clues, so far we have seen a 9.55L and 10.15H.

The 9.35 Time CIT was a 9.30 High, next is 10.30 am CIT.

Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm Eastern

Actual: 9.30 High,

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H

Actual: 9.30 High, 9.55 Low, 10.15 High (in progress)

Tuesday sees a possible 9.40 Low at the 9.35 CIT, rally to a 10.00 cycle High at the 10.30 CIT, decline to a 11.00 cycle Low at the 11.25 CIT, rally to a 12.30 cycle High+/-30, decline to 2/30 cycle Low+/-30, rally to a 3.50 cycle High at the 3.45 CIT.

Intraday Mebob Buy above 1778.50 /ES (Dec Emini SP)

Intraday Mebob Sell below 1776.75 /ES (Dec Emini SP)

Intraday Time and Cycle Review Monday 12/16 and Forecast Tuesday 12/17

Review Monday 12/16:

Review: “Intraday 5 min SPX Time CIT 12/16/13: 10.50, 11.25*, 12.00 pm Eastern”

Actual: 10.55 High, 11.30 High, 11.55 High

Review: “Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

Actual: 10.05HOD, 11.05L, 11.30H, 1.10L, 2.10H, 4.05L The intraday cycle saw a High am to Low pm day, with a 1st hour High and last hour Low.


Forecast Tuesday Dec 17:

Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm Eastern

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H

Tuesday sees a possible 9.40 Low at the 9.35 CIT, rally to a 10.00 cycle High at the 10.30 CIT, decline to a 11.00 cycle Low at the 11.25 CIT, rally to a 12.30 cycle High+/-30, decline to 2/30 cycle Low+/-30, rally to a 3.50 cycle High at the 3.45 CIT.

Notes: The intraday cycle Tuesday sees a 1st hour High and a normal bias to be higher, but we need to get above the 5 min downtrend line at 1790 SPX to get a stronger rally going. OE week often messes with the cycles and as Monday was an Up day, tomorrow will tend to be a down day. Rarely do you see back to back Up or down days. We do need to see a follow through rally to confirm the Lows are in.

Intraday Time and Cycles Updates Monday Dec 16, 2013

2.05 pm Eastern T&C Intraday Update


Markets so far made a 10.01 High and has been gradually declining, but still at lofty level, but the intraday cycle is still not crystal clear.

The best guess is that we are seeing a High am to Low pm day (green lines), which would suggest a last hour Low.

If correct then tomorrow sees a 1st hour High and bias to be higher.

From the 12/9 Solar High we were expecting a decline into 12/16 Solar CIT, which arrived at the 12/13 Low, 1 TD earlier.

Intraday 5 min SPX Time CIT 12/16/13: 10.50, 11.25*, 12.00 pm Eastern

Actual: 10.55 High, 11.30 High, 11.55 High

Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H or Inverse 10.30H, 12.30L, 1.30H, 3.30L

Actual: 10.00H, 11.05L, 11.30H, 1.10L, 1.30H

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10.45 am Eastern T&C Intraday Update

From the regular Raj T&C Daily Email:

"From Bill Meridian: “Since 1885 Jupiter trine Saturn coincides with lows and Jupiter trine Neptune coincides with short term highs. The next Jupiter 120 Saturn is tomorrow 12/13/2013L, which is 1 TD away from our 12/16 Solar CIT Low."

"We need to solidly take out the 1772 SPX intraday lows and decisively close below 1775 SPX to get a stronger decline going, otherwise it is possible the decline into Monday 12/16 Solar and Geometric CIT Low will be limited to the current Levels"

We jumped above the 5 min mini triangle, which is bullish and suggests a Low is already in.

Often in OE week, If one day is Up, the next day is down and next day is Up.

So far we have seen a 10.01 High and a 10.40 Low (in progress)

The Intraday cycle is a Low am to High pm day or could be inverted.

We need more data to confirm either way and see if Midday 12.30 is a High or a Low.

Today will determine what tomorrow's intraday cycle will be.

Intraday 5 min SPX Time CIT 12/16/13: 10.50, 11.25*, 12.00 pm Eastern

Actual:

Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H or Inverse 10.30H, 12.30L, 1.30H, 3.30L

Actual: 10.01 High, 10.40 Low (in progress)

Monday sees a Low am to High pm day (or Inverse), with a possible 9.40 High+/-, decline to a 10.30 cycle Low at the 10.50 time CIT or more likely the 11.25 CIT LOD, rally to a 12.45 High at the 12.00 CIT, decline to a 1.40 Low+/-30, rally to a 3.30 High+/-.

Intraday Mebob Buy above 1785.25 /ES (Dec Emini SP)

Intraday Mebob Sell below 1783.25 /ES (Dec Emini SP)

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9.25 am Eastern T&C Intraday Update

 

Good Morning,

Globex Futures are +8,75 after being down as much as -9.00.

Welcome to Option Expiration Crooks week, which often has an Up bias and tends to skew the times and cycles.

It is possible that the projected 12/16 Solar CIT Low arrived at the Globex Low and 1 TD earlier at Friday 12/13 Low.

We will have to wait and see how much it retraces today to get a better idea.

Today is a Low am to High pm day (or Inverse) and we should see a 1st hour 10.30 Low+/-, which means either way we should expect some retrace.

Intraday Time and Cycle Review Friday 12/13 and Forecast Monday 12/16

Intraday Time and Cycle Review Friday 12/13

Review: “Intraday 5 min SPX CIT Times 12/13/13: 10.20, 1.35, 2.20*, 3.55 pm”

Actual: 10.25 Low of day (LOD), 1.35 High, 2.20 retest Low, 3.55 High

Review: “Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H. Friday sees a possible 9.40 Low+/-, rally to a 10.00 High at the 10.20 time CIT, decline to a 11.00 Low+/-30, rally to a 12.30 High+/-30, decline to 2.30 cycle Low at either the 1.35 or more likely the 2.20* CIT, we then rally to a 3.50 high at the 3.55 CIT.”

Actual: 9.40HOD, 10.25LOD, 1.35H, 2.25L, 3.30H The intraday cycle saw a last hour High as expected.


Intraday Time and Cycle Forecast Monday 12/16

Intraday 5 min SPX Time CIT (Change in Trend) Times are the pink vertical lines 12/16/13:
10.50, 11.25*, 12.00 pm Eastern

Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

***All intraday Cycle times are usually +/-30, but at times it could be + /- 60 min***
Biases suggested below can and do change depending on actual Price unfoldment.

Monday sees a Low am to High pm day (or Inverse), with a possible 9.40 High+/-, decline to a 10.30 cycle Low at either the 10.50 time CIT or more likely the 11.25 CIT and possible Low of day, rally to a 12.45 cycle High at the 12.00 CIT, decline to a 1.40 cycle Low+/-30, rally to a 3.30 cycle High+/-30.

Speculative Path: (9.40H), 10.50L, 11.25*LOD, 12.00H, 1.40L, 3.30H .

Notes: The 5 min chart is in a potential bearish triangle, if broken would target the 1763 SPX area.
We need to watch the 11.25 Eastern time CIT Monday as a potential Low of the day.

Intraday Updates Time and Cycles for Friday Dec 13, 2013.

4.05 pm Eastern T&C Intraday Update

"it is expected that tomorrow's intraday cycle will have a bearish bias and we can see a 2.20 Time CIT potential Low of the day"

The 2.20 Time CIT was projected to be the Low of the day and that is exactly what we got, a 2.25 Low of the day.

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 2.20 Eastern T&C Intraday Update

1.35 pm Time CIT High was another Bulls-eye hit, next to the 10.25 am Time CIT Low.

An astute trader mentioned that my Intraday Time and Cycles has been posted elsewhere, with out mentioning the source: http://timeandcycles.blogspot.com/.

In the free week, you are allowed to post this elsewhere, only if you mention http://timeandcycles.blogspot.com/ along with it.

Copyright Reminder: It is illegal to copy or forward the content of the Raj T&C Daily Email and it may not be reproduced in part or in its entirety or posted elsewhere on any forum, without the consent of its author.

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1.05 pm Eastern T&C Intraday Update

We are seeing a sideways movement so far and we made a 12.30 lower High (so far), which suggests weakness and a last hour lower High.

We retested yesterday's Low at the 10.25 CIT Low.

The 10.20 Time CIT was the 10.25 Low of the day so far.

Monday's intraday cycle sees a Low am to High pm day (or Inverse)

We need to solidly take out yesterday's lows and close below 1775 SPX to get a stronger decline going, otherwise it is possible the decline into 12/16 Low will be limited to the current Levels, especially if we keep going sideways.

Intraday 5 min SPX CIT Times 12/13/13: 10.20, 1.35, 2.20*, 3.55 pm Eastern

Actual: 10.25 Low, 1.35 High

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H

Actual: 9.40 High, 10.25 Low,11.05 Low, 12.30 High?

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10.15 am Eastern T&C Intraday Update

Good Morning,

The intraday cycle today normally has a bullish bias, with a 1st hour High and a normal bias to be higher, but as the hourly cycle turned lower, we should see a bearish bias and a down market today. Watch the intraday Mebob (below) for clues.

Here is what to look for:

If the midday High is higher than the 1st hour High, it indicates strength and we will then see a last hour highest High.

If the midday high is lower than the 1st hour High, it indicates weakness and we will then see a last hour lower High.

We still need to get a solid close below 1775 SPX to get a stronger decline going into Monday 12/16 Solar CIT Lows+/-1.

Overall, the bias is we should still see lower lows the next few days and make a 12/16 Lows.

Swing traders were looking for a 12/9 Solar CIT High and a decline into 12/16 Solar CIT Low.

12/17-18 is Fed Days in OE Crook's week.

 

Intraday 5 min SPX CIT Times 12/13/13: 10.20, 1.35, 2.20*, 3.55 pm Eastern

Actual:

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H

Actual: 9.40 High, 10.00 Low,

Friday sees a possible 9.40 Low+/-, rally to a 10.00 cycle High at the 10.20 time CIT, decline to a 11.00 Low+/-30, rally to a 12.30 High+/-30, decline to 2.30 cycle Low at either the 1.35 or more likely the 2.20* CIT, we then rally to a 3.50 high at the 3.55 CIT.

Intraday Mebob Buy above 1770.50 /ES (Dec Emini SP)

Intraday Mebob Sell below 1769.25 /ES (Dec Emini SP)

Intraday Time and Cycles Review 12/12 and Forecast 12/13

Intraday Time and Cycles Review & Forecasts

Review Thursday 12/12/13: “Intraday 5 min SPX CIT Times : 11.55, 12.25-30 pm Eastern”
Actual: 11.55 High, 12.25 Low of Day (LOD). The 12.25-30 Double CIT was the Low of the day.
(Click on charts to enlarge)

Review: “Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L
Thursday sees a High am to Low pm day (or Inverse), with a possible 9.40 Low+/-, rally to a 10.30 cycle High+/-30, decline to a 12.30 cycle Low at either the 11.55 or 12.25-30 double CIT, rally to a 1.30 cycle High+/-30, decline to a 3.30 cycle Low+/-30.”
Actual: 9.45HOD, 12.25LOD, 3.00H, 4.05L. The intraday cycle saw a High am to Low pm day, with a 1st hour 9.45 High of day and a last hour 4.05 Low.


Intraday Time and Cycles Forecast Friday Dec 13, 2013 

Intraday 5 min SPX Time CIT (Change in Trend) are the red vertical lines 12/13/13:  
10.20, 1.35, 2.20*, 3.55 pm Eastern

Intraday Cycle  12/13/13 is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H

***All intraday Cycle times are usually +/-30, but at times it could be + /- 60 min***
Biases suggested below can and do change depending on actual Price unfoldment.

Friday sees a possible 9.40 Low+/-, rally to a 10.00 cycle High at the 10.20 time CIT, decline to a 11.00 Low+/-30, rally to a 12.30 High+/-30, decline to 2.30 cycle Low at either the 1.35 or more likely the 2.20* CIT, we then rally to a 3.50 high at the 3.55 CIT.

Speculative Path: (9.40L), 10.20H, 11.00L, 12.30H, 1.35L, 2.20L*, 3.55H

Notes: as the Hourly and Daily Trends turned lower, it is expected that tomorrow's intraday cycle will have a bearish bias and we can see a 2.20 Time CIT potential Low of the day 

Intraday Time and cycles 12/12/13

12/12/13 1.15 pm Eastern

Note: My Yahoo and gmail are having issues, so all updates will be posted publicly on this forum.
 

"If we manage to rally above 1783-84 SPX steep down channel on the 5 min chart, it would be short term bullish."

1783 SPX down channel resistance held and we took out the quadruple support at 1775-79 SPX, which triggers a sharper decline to 1760 SPX and 1745 SPX Head and Shoulder target. 

This might take a few days to accomplish into ideally the 12/16 Solar CIT Low..

We are seeing a High am to Low pm day after all, as we saw a  12.30 CIT Low.

The intraday cycle could only be confirmed after the midday Low (or High).

This means tomorrow sees a 1st hour High and a normal bias to be higher, but as the hourly trend has turned lower, we should see a down bias tomorrow as well.

Intraday 5 min SPX CIT Times 12/12/13: 11.55, 12.25-30 pm Eastern

Actual: 11.55 High, 12.30 Low

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L or Inverse: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

Actual: 9.50 High, 11.15 High, 12.30 Low

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12/12/13 11.10 am Eastern

"If Tomorrow 12/12 is a Low am to High pm day instead, then all the above intraday cycles will be inverted"

We have seen a 9.45 High and a 10.20 Low suggesting a Low am to High pm day instead.

If correct then the intraday Cycles for the next 4 days are as follows:

Thursday 12/12 sees a Low am to High pm day

Friday 12/13 sees a 1st hour Low and bias to be lower.

Monday 12/16 sees a High am to Low pm day (or Inverse)

Tuesday 12/17 sees a 1st hour High and bias to be higher

Wednesday 12/18 sees a 1st hour Low and bias to be lower.

Please note: I will be posting all the emails from the free week at my public blog, http://timeandcycles.blogspot.com/, just in case you miss any.

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12/12/13 10.30 am Eastern

Good Morning,

We have declined right into quadruple Make or Break support at 1775-1779 SPX, with 1775.59 SPX intraday Low so far.

If we see a solid decline below this MOB support, we will see a sharper decline and see the 1760 and 1745 SPX targets 

Today is a High am to Low pm day or Inverse.

We have seen a 9.45 High and a 10.20 Low (so far),making it possible we are seeing  a Low am to High pm day instead.

If correct, the Low is in at the 1st hour (10.20) Low and we see a rally into a midday High (green Line)

We need to see more data to confirm either way.

Yesterday was an Inversion day, which can spill into the 1st hour today. Once today's intraday cycle is determined, the next 4 day's intraday cycles will be determined.

If we manage to rally above 1783-84 SPX steep down channel on the 5 min chart, it would be short term bullish.

Intraday 5 min SPX CIT Times 12/12/13: 11.55, 12.25-30 pm Eastern

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L or Inverse: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

Actual: 9.45 High, 10.20 Low

Thursday sees a High am to Low pm day (or Inverse), with a possible 9.40 Low+/-, rally to a 10.30 cycle High+/-30, decline to a 12.30 cycle Low at either the 11.55 or 12.25-30 double CIT, rally to a 1.30 cycle High+/-30, decline to a 3.30 cycle Low+/-30.

Intraday Mebob Buy above 1779.75 /ES (Dec Emini SP)

Intraday Mebob Sell below 1778.25 /ES (Dec Emini SP)

Ho Ho ho, Free week for daytraders Only

Free week for Day Traders only, starting tomorrow 12/12.

The regular swing traders information is not included.

Email us at timeandcycles@gmail.com

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1. Welcome to the Raj T&C Free week for Day traders only.

Please note the swing trades will not be discussed in the coming week, but I will mention that swing traders were swing short from the 12/9 Solar & Geometric & Apex CIT (Change in Trend) High.

Please take some time to review some of the rules wrt daytrading and Money management that will be in your next email.

The regular Raj T&C Daily Email is about 20 pages long and is for both the day trader and swing trader.

A sample skeleton Daily Email will be sent shortly to get an idea what it is all about.

Time: Over time I have discovered 2 timing techniques that I currently use to determine the daily CITs:

1. Solar CITs that are 84-90% accurate

2. Geometric CITs that are 70-80% accurate, which is used for the intraday Timing CITs as well.

Cycles: I have also discovered what I call "Active and Master" Cycles that predict precise Highs and Lows +/- maximum 1 Trading Day.

The Raj Intraday Time and Cycles consist of intraday geometric CITs and an intraday cycle that I learned many years ago from a Delta Master.

The intraday information is by no means the "Holy Grail", but it could help you along the way in becoming successful in trading.

You need to determine in advance if you are day trader or more of a swing trader as that will determine your level of success in trading, some are more suited for swing trading, while others are very comfortable being flat overnight.

Success in trading requires not only useful and accurate knowledge, but tremendous amount of discipline and Money Management as well.

We wish you best of Luck in all your trades and hope you enjoy the coming week.

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2. Intraday Cycle Review and Forecasts 12/12/13 and forecast for the coming week

 Review & Forecasts

Time Review: “Intraday 5 min SPX CIT 12/11/13: 10.10, 10.55, 11.45, 1.20 pm Eastern”

Actual: 10.10 low, 11.05 High, 11.45 High, 1.30 Low

Cycle Review: “Intraday Cycle is the Cyan lines: Inversion day 79% 10.20L, 11.40H, 68/32% 1.00L/H, 2.00H/L, 3.40L/H Wednesday sees an Inversion day with a 79% chance we see a 10.20 cycle Low at either the 10.10 or 10.55 CIT, rally to a 11.40 cycle High at the 11.45 CIT, then there is a 68% chance we see a 3.40L and a 32% chance we invert.”

Actual: 9.35HOD, 10.30L 11.05H, 12.30L, 2.00H, 3.50LOD The intraday cycle saw a last hour Low. Thursday sees a High am to Low pm day (or Inverse).
 ======================================================================================

Intraday Times and cycles for Thursday 12/12/13.

Notes: There is the intraday cycle (Cyan lines) and the intraday Time Change in Trend (CIT) (pink vertical lines on 5 min chart) to watch.

The proprietary timing turning points are my own discovery. They work 70-80% of the time, sometimes they are exact, other times they are off by 5-10 min or 20-30% they don't work at all.

The intraday cycle is a proprietary 4 CD cycle that I learned from a Delta Master. Elliott waves shown are only a tool to explain both the longer and shorter term cycle’s direction in my work.

Intraday 5 min SPX CIT (Change in Trend) Times are the red vertical lines 12/12/13: 11.55, 12.25-30 pm Eastern
 
Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L

***All intraday Cycle times are usually +/-30, but at times it could be + /- 60 min***

Biases suggested below can and do change depending on actual Price unfoldment.

Thursday sees a High am to Low pm day (or Inverse), with a possible 9.40 Low+/-, rally to a 10.30 cycle High+/-30, decline to a 12.30 cycle Low at either the 11.55 or 12.25-30 double CIT, rally to a 1.30 cycle High+/-30, decline to a 3.30 cycle Low+/-30.

Speculative Path: (9.40L), 10.30H, 11.55L, 12.25-30L, 1.30H, 3.30L, all +/-30 min.

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The intraday cycles for the coming free week:

Thursday 12/12 sees a High am to Low pm day or Inverse

Friday 12/13 sees a 1st hour High and bias to be higher.

Monday 12/16 sees a Low am to High pm day

Tuesday 12/17 sees a 1st hour Low and bias to be lower

Wednesday 12/18 sees a 1st hour High and bias to be higher.


If Tomorrow 12/12 is a Low am to High pm day instead, then all the above intraday cycles will be inverted.

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The Mebob rules are a good trend following system.

From my friend Mebob, Mr Rob Falk, in his own words:

The Mebob trade has been described incorrectly by many people. Probably the most misunderstood part of it has to do with the CLOSE on the buy and sell signal. The buy or sell signals are only confirmed by the CLOSING PRICE of the following 5 minute bars and NOT the high or low. The basic concept as I originally presented it to Avid is as follows.

1. The MEBOB bar is a five minute bar that starts at 9:05 Central and ends at 9:10 Central time.

2. If you draw a horizontal line on your chart from the high and low of that bar you have the key points for the day.

3. If you CLOSE above the high of the Mebob on any subsequent 5 minute bar you buy.

4. If you CLOSE below the low of the Mebob you sell.

The most asked question is, "where is the stop loss". That is pretty obvious by the rules but some days the Mebob bar is quite big and for some to take a 8-10 point loss is more than they want to accept. My general answer is to use a 5.25 trailing stop on your entry. I have found over the years that if the market reverses more than 5 points from the buy or sell signal it will keep going.