The 11/12/07 Low

The 11/12/07 Low has alot going for it. (This info is shared from the subs updates)

1. The inverted main series had a 11/1(10/31H) and a potential 11/12 Low
2. The 20-22 TD Cycle was due 11/12
3. Ve Latitude 4.58 + 8/16/07L = 11/9 (+1 TD= 11/12), Last Venus Latitude was 10/22 Low.
4. Me Helio Latitude 88 CD + 8/16/07L = 11/12/07 Low
5. Double hourly CIT due Close 11/12 - Open 11/13, arrived on 11/12@Close Low
6. 11/12 is within the SOI (Sphere of influence) of Roy's SC due 11/15 (F20 3/22/01 Low)
7. 11/12 is within 1 TD from the 11/9/07 Mahalaksmi Major historic Lunar Anniversary Lows. ie 11/9/07L = 10/29/29L = 10/20/87L = 10/28/97L = same Lunar Date = same Mahalaksmi, Goddess of wealth Day.
8. The 56 hour (8TD) Cycle was due 11/12/07
9. The 2.5 week cycle from the 10/22-24 Low (14-16 TD), bottomed on 11/12 Low.
10. Our T&C Group had a Major timing Cluster due anytime this OE week, centered on 11/14.
11. ITD Delta Low was due 11/14 +/-
12. Markets were extremely oversold at historic levels, there were also signs of selling exhaustion.
12. There was finally some Big fund buying on 11/13, which is a statistically bullish sign for the next few days, weeks and months.
11. This is a normal retest of the 8/16/07 4.5 Year Cycle Low, creating a double bottom with 8/16/07 Low
12. We broke above the downtrend channel since the 10/31 High and we are having follow through today, which is bullish.

Major Resistance lies at the 1490-92 SPX area and if broken confirms the decline to be a corrective ABC down and also the new bullish trend. I still have 11/15 and 11/19 daily CITs to watch closely. A retest of the 11/12 Lows is likely.

The 11/12 Low could have been the Low and ANY move above 1492 SPX confirms the Lows are in.

ABC Down

The decline is looking impulsive, which means we are in a wave 4 bounce now, completing perhaps in the next couple of days.

Overal, we are in a final ABC wave down, where 8/16 Low = A wave, 10/11 High = B wave and we are now in a C wave to retest the 8/16 lows.

If we can rally above the downtrend Channel and wave (1) low, currently at 1490 SPX, which is now Key resistance to overcome, then we had a ZigZag (535) down and we are headed to new Highs afterwards.

Intraday Timing for 11/5/07

Note: the information below is complimentary from today's T&C daily Service

Intraday CITs sofar: Open LOD, 10.20 Low, 11.50-12 High. Remaining CITs: 12.35, 12.55*, 2.20, 3.15-3.20* EST. Watch the 12.35 and 12.55 CITs for clues: If a Low, we should rally into the close. if a High, we should sell off into the last hour. Markets remains on track for a 11/6 Lows. Notes on Trading the CITs: 1. CIT (= Change in Trend) Times could be either Highs or Lows. If the markets are rallying into the CIT Time frame, it will be a High. If the markets are declining into the CIT Time Frame, it will be a Low. 2. Intraday Time CIT's are most of the times exact or off by +/- 5, seldom +/-10 minutes to remain valid. 3. CIT's don't work well when manipulation is more likely, like in thin markets, eg before holidays (last week) or in OE week or when a FED intervention is obvious and even announced. 4. Major Price Support and Resistance (SR) also causes CIT's, that's the reason why when Price CIT and Time CITs meet, the probability increases to 90% for a CIT to occur. 5. CIT's don't have to occur at extreme Highs or Lows, they could occur in an uptrend. 6. Not all CITs work, naturally we expect all of them to work, especially if they have worked incredibly well in the past. They work 70-80% of the time, 20% of them don't, especially when the markets go SU or SD. Be patient, take a position, only if a CIT is clear for you. 7. Always keep a 3 point stop under the CIT time, if going Long or a 3 point stop above, if going short. That's the point where the CIT should be wrong in general. If you're in 3-5 SP point profit, move your stop to Break Even (BE). 8. Trade the CITs, not the biases or opinions, etc., just watch what the market is actually doing at the CIT. 9. Be patient, you don't have to trade all CITs, overtime, there will be many more good CITs to trade. 10. The trend is your friend, one possible strategy in daytrading is to only trade with the trend, ie. When the general trend is UP, look to trade those CITs that are Lows. This is best done in Strong Up trending Markets. When the general trend is DOWN, look to trade those CITs that are Highs. This is best done in strong down trending Markets. 11. It's best to observe first how the CITs work before using them, so you get a feel for them. It's best to use them as an additional tool in your arsenal of intraday tools in your toolbox. They should not be used as a stand alone tool, but rather in conjunction with your own intraday buy and sell signals.

10/31High, 11/6 Low

The 10/31-11/1 CIT was a direct hit (see previous post) with a 10/31 High with a 60+ SP decline right afterwards.

The hourly SPX (click on chart to enlarge) has 1st support at the 10/22-24 lows @1489.56 SPX, after that it has key fork support at the 1480 SPX area, right at the Top of wave 1 Support @ 1479.40 SPX, where also the 200 DMA@1479.50 SPX is.

Many on our Time and Cycles Yahoo group (http://finance.groups.yahoo.com/group/TimeandCycles/) correctly called for this 10/31 High.

We are approaching my next daily CIT, due on 11/6 +/-1, ideally a LOW @ 1480-95 SPX which is Key support area. We should see new All Time Highs after this Low.

The 66 week NDX Cycle

The last daily CIT (Change in Trend) was the 10/22 Low. The next daily CIT is 10/31-11/1, which should be a short term high. This corresponds with the 66 week Cycle (click on chart to enlarge) in the NDX due this week +/- 1 week.

10/22/07 Low

I had many reasons to see a short term Low on Friday 10/19/07. The Low arrived the next trading day, right on Monday 10/22@ Open Low and we reversed 20 SP's off the Low and close at our Highs.

10/21 was the end of the 9 days of Mother Divine, which is often a CIT (Change in Trend), just like the start of the 9 days was on 10/12 gave an 10/11H CIT.

This past weekend was also an important Lunar CIT and 10/22 was the Midpoint of Mercury Retrograde and Mercury Direct. 10/22 was also an important Astro CIT.

Finally, we had a 47 TD Cycle Low (Click on chart to enlarge) due today, which is probably the illusive 10 week Cycle Low.

10/19@ Open is the next important Turn

October Options expire this Friday 10/19@Open. The October Options has lots of Open Interest at the 1520-25 SPX area. Most Options would expire worthless, if SPX prices were even close to that price by Option Expiration on 10/19. There is a first cluster of fibo Support at 1531-35 SPX area.

The next 56 hourly Cycle ( click on chart to enlarge) and the Apex of the broken wedge is also due 10/19@ Open. 10/19 is also the 20 year Anniversary of the 10/19/87 Crash. This should be an important daily CIT to watch.

11 am CIT was a Non-event

CIT didn't work as markets went Straight Down now, especially with optimistic PC ratios @ .69, while markets are down -17 and we just broke the 8/16L- 9/10L uptrendline, we should close on our Lows, but first we should get a 2pm CIT (Change in Trend) and bias is it will be a High.

Watch the 1050-11 am Major CIT

Watch the 1050-11 am (Eastern) Major CIT as the potential Low of the day or for a rally into 2pm High, especially at 1565.50 dec SP Major Support.

Looking for a rally into 10/17 High.


Ian

10/9/07 short term High

We had our rally into 10/9/07 High, as expected in the previous post.

I also had a Timing Cluster today, 10/9/07:

Sun 060 Jupiter 10/09/2007 04:04
Venus 165 Uranus 10/09/2007 01:28
Ju sq Ur (bullish)
Mo OS

Ian's Main Cycle short term High
Ian’s TRIPLE daily CIT
Ian's 56 hour Cycle
Ian's JPTL

The Dec SP 7/18/07 High was 1578.80, Today's High is sofar 1577.40, should cause a brief pullback.

There is a 9.35 CIT tomorrow right at the Open, could be the short term high .

Gap and Go

We are having a Gap and Go Day on the bullish NFP report, especially if we pullback into a 10.55 am CIT Low, we should close on our highs and retest the ATH today.

We are currently right at Trend line Resistance now (see chart). The 128 hourly (corrected from 130, 128=2 * 64 hours = 2 * 8 squared) Cycle arrived on 10/3/07 as a Low. Ideally we should now rally into 10/9@open Highs.

Review intraday Times

Review intraday Times (posted yesterday):


Markets are flat lining, in a narrow directionless trading, awaiting NFP tomorrow, still CITs managed some intraday swings:

The 9.55 CIT was a 10 am Low, rallied 6 SP's into 11H.

The 10.50-11.10* was a 11.00 Low (10.50 was mailed to subs, next to the 11.10), decline 4 SP's

Remaining CITs for today:

2.20-25 CIT?

3.35 pm CIT


Either 10/4 or 10/5@1st hour should be a Low. The 130 hourly Cycle could be off by a couple of hours and some cycles suggests a 10/5L.

We should then rally into 10/9@Open.

Ian

10/4 CIT ontrack as a short term low

The hourly CIT (Change in Trend, High or Low) at the close yesterday 10/2 was the High, the 16 and 20 TD Cycles were also due 10/2/07.

We should now make a brief decline into 10/4 Low, where the 130 hourly Cycle CIT (click on chart to enlarge) is due @ 12.45-1.50 pm, but could arrive as early as the 11.10 am or as late as 2.20 pm CIT as the LOD (sent all this information to clients)


Intraday CITs today (All Eastern):

9.35 CIT was a 9.40H
10.10CIT was a 10.10L
11.45 CIT was a 11.50H

We should now make a 4.15 CIT High(or Low).

Tomorrow 10/ 4 also has 9.40, 9.55 , 11.10* and 2.20 pm CITs.

I am expecting a LOW tomorrow 10/4, ideally at 11.10 am or 2.20 pm CIT and a rally into 10/9 @1st hour, where I have the next Time Cluster.

It's October!

The Market took out the most recent 7/28 highs, making that high a non-event in my work and is now likely to make higher highs into 10/2 Highs.

This makes me less bearish, especially how OCTOBER has barely arrived and Bears are growling all over the place.

A brief decline into 10/4 and 10/9 Lows are expected before the next rally starts. 10/9/07 is the next Major CIT in my stuff.