SPX Hourly Wedgie?

SPX Hourly Wedgie?

It is the Season of Giving

"It is more blessed to give than to receive"

"A true gift expects nothing in return"

O' Come All Ye Faithful

http://www.youtube.com/watch?v=1eLDvM7eSq0


http://www.personal-development.com/

Season of Giving

Written by Chuck Gallozzi

Priceless gifts It's that time of year again known as Christmas. Whether we're a Jew, Christian, Muslim, Buddhist, or Hindu - believer or unbeliever - we probably all welcome a season that's devoted to GIVING. For that's when humanity is at its best. That's the time we transcend our petty thoughts of self-interest and reach out to others. In the words of Cicero (106 ~ 43 BC), "In nothing do men more nearly approach the gods than in doing good to their fellow men." As I write, malls are swarming with shoppers looking for the perfect gift. So, I'll devote this space to making some suggestions. The good news about the priceless gifts I recommend are that they are affordable by all. Here is a list of gifts you may wish to consider. 1. PEACE OF MIND. Instead of upsetting others with anger, suspicion, or impatience, grant them peace of mind by being understanding and accepting. Drop childish demands, the need to always be right, and the insistence that others live by your rules. When you grant others peace of mind, you will discover your own. For as someone else wrote, "The road to daily happiness is not hard to find, it's what we do for others that brings us peace of mind." 2. FORGIVENESS. This is not only the season for giving, it is also the season for forgiving. Although there are many similar cases, the media carried a story this week of a mother who forgave the man who brutally murdered her daughter. By releasing the rage she felt in her heart, she was able to get on with life and focus on doing good, instead of wishing harm to another. Is there a coworker, relative, or neighbor that you are holding a grudge against? If so, isn't time to forgive and forget? Someone said to me, "I can't forgive my neighbor because she is so rude." But isn't it rude to call one's neighbor rude? So, you see, when we find fault with others, we defile ourselves. We can't cast mud on others without splashing some on us. 3. JOY, EXUBERANCE. No one likes a complainer. So, rather than whining, start dining at the banquet of life. Start spreading the good news. Spread cheer, not fear. Avoid hanging out with malcontents. It's true that misery loves company, but you don't have to accept their invitation. 4. YOURSELF. Give the greatest gift of all, yourself, by serving others. When you do so, you will experience joy. For as the Nobel Prize winner and Bengali poet, Rabindranath Tagore (1861 ~ 1941), wrote, "I slept and dreamt that life was joy. I awoke and saw that life was service. I acted and behold, service was joy." 5. HOPE. Discouraging words can destroy people and encouraging ones can uplift them. Offer the gift of hope by heeding the words of Albert Schweitzer (1875 ~ 1965), "Sometimes our light goes out but is blown into flame by another human being. Each of us owes deepest thanks to those who have rekindled this light." Rekindle the flickering flames of those around you. And don't neglect yourself, for as Harriet Du Autermont writes, "No vision and you perish; No Ideal, and you're lost; Your heart must ever cherish Some faith at any cost. Some hope, some dream to cling to, Some rainbow in the sky, Some melody to sing to, Some service that is high." 6. UNDERSTANDING. Try to put yourself in the place of others and understand how they feel. In this regard, George Washington Carver (1864 ~ 1943) offered this advice, "How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving, and tolerant of the weak and strong. Because some day in life you will have been all these." 7. FRIENDSHIP. Can you imagine anything more painful than loneliness? To help eliminate it, be a friend. By offering companionship and support, you help make their and your life worthwhile. Or as Amanda Bradley wrote, "Celebrate the happiness that friends are always giving, make every day a holiday and celebrate just living!" Also worth sharing is Amanda's poem on friendship: "We may not always realize / That every thing we do, / Affects not only our lives / But touches others, too! / For a little bit of thoughtfulness / That shows someone you care, / Creates a ray of sunshine / For both of you to share. / Yes, every time you offer / Someone a helping hand ... / Every time you show a friend / You care and understand ... / Every time you have / A kind and gentle word to give ... You help someone find beauty / In this precious life we live. / For happiness brings happiness / And loving ways bring love; / And Giving is the treasure / That contentment is made of." (Amanda Bradley, http://www.amandashome.com/eachlife.html) 8. COMFORT. A gentle look, a soft touch, or a warm embrace may be all that is needed to lessen the pain of another. Isn't it amazing how so little effort on our part can change the life of another for the better? Here's sound advice from the Dalai Lama (Bstan-'dzin-rgya-mtsho), "Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." 9. A SMILE. A smile puts people at ease. It tells them you are not a threat. It lightens their burdens and raises their hopes. And when it accompanies another gift, the recipient is twice rewarded. Robert Alan put his thoughts on smiling in verse: "Sometimes just a smile on our face can help to make this world a better place. Stand up for the things that are right. Try to talk things out instead of fight. Lend a hand when you can, get involved this is good. You can help to make a difference in your neighborhood." 10. A CHANCE. One of the great gifts we can offer to another is a chance. If they've gone astray, we can give them the opportunity to make up for their misdeeds and recover from their mistakes. By recognizing that people make mistakes, we give them the courage to change. What better way to make a better world? The above represent only some of the many gifts we have in our power to give. We can decide on the most appropriate one by asking ourselves, "What is the most loving thing I can do for the person now before me?" Our gifts don't have to exceptional. Even small ones will do, for as Mother Teresa (1910 ~ 1997) said, "It's not how much we give but how much love we put into giving." As we go through life dispensing gifts, we discover who we are and who we can become. And with time we will learn that the good we do for us dies with us, but the good we do for others lives on. I"ll end with a quote from an unknown poet, "Somebody did a golden deed; Somebody proved a friend in need; Somebody sang a beautiful song; Somebody smiled the whole day long; Somebody thought, 'Tis sweet to live; Somebody said, I'm glad to give; Somebody fought a valiant fight; Somebody lived to shield the right." Let that somebody be you.

Gold Update

Gold remains in an uptrend. The weekly gold made a regular Fibonacci 89 week Cycle High on 12/2/09 High and saw a strong reversal down the following week.
There is also a regular Fibonacci 55 (54-57) week Cycle that came in on the 12/2/09 High and is next due in early September 2010. We should see lower Lows next week. Key support is around 1060.

Weekly CITs: 12/25 wk, 4/2/2010 wk, 11/5/10 wk

Daily CIT is on 1/6/2010 and 5/2/10.

My Thanksgiving Wish for You

Thanksgiving and Gratitude - Genesis Charts

From Cicero to Buddha, many philosophers and spiritual teachers have celebrated gratitude. The world's major religions, including Christianity, Judaism, Islam and Hindu, prize gratitude as a morally beneficial emotional state that encourages reciprocal kindness. Pastors, priests, parents and grandparents have long extolled the virtues of gratitude, but until recently, scholars have largely ignored it as a subject of scientific inquiry.

A recent study set out to determine the affects of gratitude. After making initial observations and compiling all the previous research on gratitude, they conducted the Research Project on Gratitude and Thanksgiving. The study required several hundred people in three different groups to keep daily diaries. The first group kept a diary of the events that occurred during the day, while the second group recorded their unpleasant experiences. The last group made a daily list of things for which they were grateful.

The results of the study indicated that daily gratitude exercises resulted in higher reported levels of alertness, enthusiasm, determination, optimism and energy. Additionally, the gratitude group experienced less depression and stress. They were more likely to help others, exercised more frequently and made more progress toward personal goals. According to the findings, people who feel grateful are also more likely to feel loved. Researchers noted that gratitude encouraged a positive cycle of reciprocal kindness among people because one act of gratitude encourages another.

These results also seem to show that gratitude works independently of faith. Although gratitude is a substantial part of most religions, it appears the benefits extend to the general population, regardless of faith or lack thereof.

This suggests that anyone can increase their sense of well-being and create positive social effects just from counting their blessings.

That’s the challenge I have for you. Spend 15 minutes this week to list all the great things in your life. From health, to walking, to sight, taste, touch, to housing, to internet, to a myriad of blessings we all have in our lives. Write them down and then share them with whoever may be special in your lives. I personally believe your trading will improve the more you express your gratitude. I know your life will improve.

The following story was most perfect for Thanksgiving and I am thankful for Jessie for expressing how I feel as well and for Susan for sending it to me.

http://www.minyanville.com/articles/going-broke-thanksgiving-wish-thankful-challenges-happy-dung-ponies-minyanville/index/a/25621

My Thanksgiving Wish for You

When life gives you dung, be sure to find the ponies.

Thanksgiving is my very favorite holiday -- the one day of year that we stop a moment and give thanks and show our gratitude to God and to each other for all of our many blessings: our health, our families, our lifestyles, our ability to serve others.

One of the things I’m most grateful for is something most people dread. It took me awhile to see the gift it really is -- in fact, I think of it as a blessing in disguise.

I’m referring to all of the financial challenges I’ve had over the last couple of years, but the last years (which were the toughest) in particular.

But before I share with you exactly how my financial fiasco is really a blessing, there’s a story I want to share with you.

The Gift (Author Unknown)

Once upon a time, there were two young brothers -- twin brothers -- whose birthday was this very day. Their father told them that he had a very special present for them.

He led these two boys, now very excited, down a long hall to a large room. He opened the door, and the two boys stared, wide-eyed, at a massive pile of ... dung. Yes, dung. There was a huge pile of manure that filled the room, almost to the ceiling.

The one brother screamed in disgust! "Father, what have you done? What kind of present is this? It smells disgusting! And there's so much of it. I think I'm going to be sick! How could you do this to us? And on our birthday no less!" Then, he sat on the floor and cried.

The other brother, eyes still wide, and with a huge grin on his face, dove into that massive pile of manure, head first! Soon there was manure flying all over the room and it seemed to the brother sitting on the floor that his twin had lost his mind.

"What in the world are you doing?" he shouted. "Can't you see that this is a huge pile of crap that our father has given us for our birthday -- and you, you are playing in it!"

The second twin's head popped out from the pile, and with a broad smile he said, "Brother, don't you see? With this much manure, there has to be a pony in here somewhere."

You see, the bigger the life you're creating for yourself, the greater the challenges will be. And sometimes, the bigger the pile of crap.

When I realized this, it was as if a light bulb went off in my head, and a whole new world of gratitude opened up for me.


I began to see things like my strength and compassion, my willingness to work hard, and my tenacity as "the ponies" that have come from experiencing these difficult challenges in my life.

Here are some of the blessings that came with the pony:

1. Within the depths of every failure lie equal or greater seeds to success.

2. I learned the answer to the question: “If you lost all of your money, what would you be worth?”

3. I liked the answer to number two.

4. Self-worth is not tied to a fat bank account or a slim credit card balance.

5. When experiencing self-doubt, be of service to others. (It takes your mind off your own troubles).

6. What you give to others comes back to you in spades -- so give first, even when you think you can't. A smile or a compliment can be freely given.

7. Being happy is a choice I make every day, irrespective of (financial) circumstances.

8. I may not be able to control everything that happens, but I can control my thoughts about what happens.

9. Sometimes the greatest blessings come in disguise.

10. My story can help others who are or have been where I am, as long as I don’t feel sorry for myself for one minute.

My Thanksgiving wish for you is this: That you may always be grateful when you come across challenges -- because it's the reflection of how big a life you are creating. And I wish for you greater and greater capacity to ease elegantly through these challenges, meeting each one head on, and rejoicing as you look for the pony.


Many Blessings,

Jessie

Crash History Repeat? Sep 1929, August 1987 and October 2009

Sep 3rd 1929 was an exact Fibonacci 55 squared weeks (Also close to Spiral calender (SC) F29) from August 25th 1987, exact all the way into the 10/29/29 Crash of 1929 = 10/20/87 Crash 0f 1987.

Here is the interesting part: October 09 is currently following an exact Fibonacci 34 squared weeks (also close to SC F25) cycle from the 8/25/1987 High.

Here is how the cycle breaks down:

1. 8/25/87 High = 10/20/09 High (+1)

2. 9/08/87 Low = 11/03/09 Low (-1 )

3. 9/14/87 High = 11/09/09 High +/-1

4. 9/22/87 Low = 11/17/09 Low +/-1

5. 10/5/87 High = 11/30/09 High +/-1

6. 10/12/87 Low = 12/07/09 Low +/-1

7. 10/13/87 High = 12/08/09 High +- 1

8. Crash Week: 10/20/87 Crash Low = 12/15/09 Low +/- 1

September 3rd 1929 High was an exact Fibonacci 55 Squared weeks away from August 25th 1987, which is an exact Fibonacci 34 squared weeks away from October 21st 2009 High. How unusual is that? Will History repeat?

This cycle might in fact work great until the 12/7/09 Lows +/- 1 TD, but then when everyone is expecting a crash week, it will simply disappear, or perhaps for the fun of it will just work fine this time.

The US Dollar Times & Cycles

The US Dollar has been closely connected to the stock-markets and other markets.

The US Dollar had a 4 fan-line break. The more fanlines it breaks, the weaker it gets and the more likely it becomes we retest the March and July 2008 Lows at 70.70 and 71.30. The trend remains firmly down.

Eversince the July 2001 High at 121.02, we saw a 37% drop to current prices at 75.74, with no signs of reversals yet as daily, weekly and monthly trends remains down.

There is a 112 TD Daily cycle, mostly lows, next due 11/6 +/-.

There is an 82 week Cycle due on the 12/11 week +/-

There is a 73 Month Cycle of Lows, next due in December 2010.

US$ Dollar Daily CITs: 11/9, 11/17, 11/23, 12/1, 12/5

US$ Dollar weekly CITs; 12/28-1/1/10 and 8/6/2010 week.

US$ Monthly CITs: January 2010 and July 2010

Gold CITs Review

Gold Daily CITs posted on 9/12/09 here:

http://timeandcycles.blogspot.com/2009/09/gold-charts.html


Forecast: 9/17, 9/24-25*, 9/30, 10/2, 10/30 and 5/2/10.

Actual: 9/17 HH, 9/25L, 9/30H, 10/2L, 10/30L, right on the uptrend channel.

Weekly CITs: 9/21-25 wk, 10/2 wk, 10/30 wk, 12/25 wk, 4/2/2010 wk, 11/5/10 wk

Actual: 9/25 Low, 10/2 Low and 10/30 Low.

All the CITs given on 9/12/09 were direct hits. Other CITs: 11/4 and 11/13

SPX Hourly

Cycles were expecting high today, 10/30 High to reshort.

The SPX hourly saw a perfect back-kiss of the 3/6/09L-7/8/09L wedge TL, right at the close/Open today at the 46 hourly cycle. Time to buckle up.


This will be my last post for a while. It has been fun.

Rally Time

We should now see our rally into the 10/30 High. We are very oversold.

Ideal path today: 1st hour High, Midday Low, last hour High

Trend bias for today is Up all the way into tomorrow 10/30.

Don't miss the boat.

Quick update 10/26 High

As mentioned in the last post, I was expecting an 10/26 High, which is being formed as we speak. The possible e-wave count is shown. From this high expect a sharp decline and then one more High on 10/30/09.

From now through end of October 2009

There has been plenty of top calling from many respected analysts and Traders as many recognizes the RSI bearish divergence and rising wedge patterns.

Yet the market seems to defy gravity once again and keeps making new yearly highs.

I have mentioned a couple of months ago, that the Master cycle suggests, we will see a continued rally into end of the year 2009, with some normal pullbacks along the way. That seems like an impossible feat, but so far it has been doing just that, with the recent October 21st High of the year.

Timing along with the right Cycles is crucial in this market Environment as
one can get seriously hurt, if they were prematurely short.

There are 2 dates to watch in the nearby future, one is Monday 10/26, the other is Friday 10/30, where I have the next daily and hourly CIT. The Master Cycle, if active suggests both these dates will be important highs, don't be surprised if we see new yearly Highs in the process.

The ideal path is to see a continued rally into 10/26 High, see a sharp drop into 10/27 Low, only to retest the 10/26 high on 10/30 High.

Daily and Intraday Cycle and CITs

Next Daily CIT is on 10/14.

Intraday CITs for 10/13: 10.10, 12.05-10** and 1.35 pm

Bias: 10.10 1st Low, 12.05-12.10High, 1.35 High, either will be the High of the day, then a sharp decline to a last hour Low.

Today is biased to be down in the 1st hour, rally to a midday high and see a last hour Low of the day.

Daily Cycles were looking for a 10/12 High and decline to 10/14 CIT Low.

The 1050 SPX has the largest Options Open Interest, with 87,737 calls and 101,844 puts outstanding, it should provide solid support for the 10/14 cycle Low.

The Master cycle: October 09 and beyond

From last night's email: "We made a triangle wave 4 today (10/7), which should be followed tomorrow by a swift 5th wave higher tomorrow, triangle target is 1069-70 SPX"

The perfect target at 1070.67 SPX was achieved right at the Apex of the triangle with 5 waves up complete. After a brief corrections, we should see higher Highs. That is what the Master cycle suggests, 10/2/09 low should be the Low for October, no crashes on the horizon, in fact we should be generally higher into end of the year.

The MC knows when and where the next Big decline and rally is. Next year 2010 is when the real Fireworks should start. Be prepared.

Cycles update

Posted in the T&C Forum and Raj T&C Daily Email on 9/28:

"I was looking for a 9/24 Low, which arrived 1 TD later on 9/25L. The Master Cycle (MC) is looking for a brief rally, watch 9/29 at 9.50 EDT for the next High of the week!"

Actual: we made a 9/29 High at 9.55 am and have been hard down ever since. Short term support is at 1036 and 1030 SPX. It should get real interesting when we close below the 3/6L-7/8L-9/2L uptrend line, currently at 1047 SPX.