Saturday, July 4, 2009

Go for it.

RICHARD DE HAVEN of Los Angeles, California tells you a story about a most remarkable member of his family.

”I want to share a brief story about my incredible aunt who began her dream of becoming a doctor at the age of 57. I rarely get to see my aunt but I have to say that she is my favorite aunt. So one day I interviewed her about her life.

My aunt is a beautiful, exotic-looking woman. She is a woman with the courage to take new risks. She believes dreams are possible. She married my uncle about 20 years ago. She is an African-American woman who ran a chain of pharmacies in south central Los Angeles and due to the L.A. riots many years ago a couple of her pharmacies had burned. She decided to sell the rest.

She took her profits and invested them in the stock market and lost most everything in the big bust of 2000. Around $3 million. At that time she and my uncle had to sell most everything including their beautiful home to survive. They settled in a small rental house. Trying to figure out what to do next she remembered her dream of always wanting to become a doctor. She decided at that moment to become one.

She told no one at first, except my uncle. She didn't want anyone to try to discourage her with excuses like: are you crazy?, you're too old, you're a black woman, it takes too long, no one will take you seriously, you can't afford it, etc. She applied to many medical schools in the USA and all of them declined her. That did not stop her from pursuing her dream. She began to apply outside of the U.S. She was accepted at a very prestigious medical school in Guadalajara, Mexico. It is considered one of the best in the world.

She accepted, and moved to Mexico without knowing any Spanish. Her first few years all her classes were in English but the last few years they were in Spanish. She had to teach herself Spanish and all the medical terms in Spanish also. She is now in her mid- to late 60s, has graduated medical school and is completing her residency at a very big hospital here in the USA. Here specialty is Geriatrics (medicine in elder care). She chose that because she says she is almost there and understands what people her age might experience. Her new goal is to finish her residency and to start a private practice.

She never spoke of any difficulties about her past or during her time in Mexico --like learning Spanish, barely surviving financially and being hit by a car while crossing the street. She has healed physically from this accident. Despite all her obstacles she could have quit but instead she always looked forward. She always kept her clear mental image going forward. She would always think and feel what it would be like to live her dream and that is what kept her going. She had no doubt about being a doctor.

Her advice to everyone with a dream is to go for it. Do not use your hardships as excuses not to. She said, "When you decide to move forward, magical pixie dust (Invisible substance) will appear out of nowhere and everything will fall into place magically." She is quite a remarkable woman.

Hope this brief story can inspire you to go for it no matter what.

*****
"Remarkable" doesn't begin to do her justice, does it? She seems to be one of those people who intuitively know and choose to live by these key principles …
Highlight #1:
If the "disasters" hadn't happened, this amazing woman wouldn't have had the open space to pursue her REAL dream. "Never allow yourself to be disappointed. You may expect to have a certain thing at a certain time and not get it at that time, and this will appear to you like failure. But if you hold to your faith you will find that the failure is only apparent.
"Go on in the certain way, and if you do not receive that thing, you will receive something so much better that you will see that the seeming failure was really a great success."
Highlight #2:
It's wise to keep your mouth zipped and not go talking about your tender, new dream amongst those who have lost touch with or given up on their own dreams. There's a good reason why all seeds and embryos begin their growth protected, hidden away from potentially damaging outside influences!(Oh, and notice that she knew not to talk about or dwell on any current or past DIFFICULTIES either).
Highlight #3:
You're never too old -- or too young -- to let yourself be Who You Really Are, in all your glory. (And you ARE glorious. You might as well get used to it.) Challenges -- like learning a whole new language, for example -- are gifts that open up more of the world to you, if that's how you CHOOSE to approach them. And they keep you young at heart,
too, no matter what your age in mere years. Consider all the people, of ANY age, whose fears have beaten their dreams into submission for a LIFETIME.
But that's not going to be the story of YOUR life!
Highlight #4:

Your "clear mental image" of what you desire to be, do, or have will pull you forward to meet it "in the flesh" if you "enter at once into the full enjoyment" and let yourself feel NOW what it's like to live that dream.
Whatever YOUR dream is, my friend, follow this remarkable woman's advice and living example: Go for it.

Now is the PERFECT time -- and you so RICHLY deserve it!

Friday, July 3, 2009

Nifty reverses past the swing high 4380.

Weekly shows a broad trading zone of 3900-4700.

By closing above the 5-hour high ema @ 11.00, the momentum came to Bulls and scaling 4384(5 day high ema) gives them more strength and it stopped short of 4443(5 week high ema).
Nifty back into the channel, this time firmly with the macd into +ve heading to 4475-4505 resistance area.


This daily chart shows quite a bullish possibility..
Hourly macd is moving up firmly in the +ve. But the rsi & stochastics(Not shown here) are in "OB" which could lead to some corrections.

If 4450-4470 is resisted, then an intra correcion during the budget day with late recovery is possible.


A complex correction on with + ve bias. However, intra falls during budget day possibility exists..

Nifty's moves ahead.

Considering the lower impact of the US mkts fall on Asian mkts and to take some caution ahead of the budget event, If Nifty sustains 4277 or lower upto 4250, close shorts and trade light.
Also the "ORB" may be considered. However, a lot of choppy moves are expected in the range of 4277 - 4365.

My Critic: However, my critic says..."It will fall"

Thursday, July 2, 2009

Nifty continues its intra volatility for a big move..Down, I hope..!!

Nifty is completing the mandatory 2nd wave up by clinging to the trendline without making any headway.. A fall below 4290 should accelerate the fall... A misery delayed..!!

Bulls have been able to keep it above low Ema..Bears have been able to keep it under High Ema. And the tug of war continues.

So much intra moves but the Macd shows "too much noise but nothing happened- Closed flat".

The most obvious EW count points to a simple gap down and head to 4250-4220 (Blue line). However, due to "Monday's budget event", things could get complex here..(Red line)

The negative divergence led to the intra 100 point fall..Highly volatile..

Nifty's likely possible moves...

Nifty may have completed the "b" wave of the corrective started from 4250 and poised to move up to complete the "c" targeting around 4380+ and then resume the fall.
Immediate SL for this upmove is 4305, to be raised as TSL.(Trailing SL). Below 4305-SELL>


10.46 AM: TSL for this upmove is 4320.

11.19 AM: TSL raised to 4344.

12.25PM: As the "abc" of the 2nd wave completed now @ 4379, SELL & Hold with SL of 4380 for major falls ahead.

Wednesday, July 1, 2009

Nifty pauses & bounces after a sub-5 down.

Nifty takes its own time..Deceptive with few possibilities for both Bears and bulls. The range has narrowed down to roughly 4300 - 4400.
As the volatility increases, a large trending move will be seen soon.(Courtesy: SS)

"Choppiness" is evident in the numbers. However, Not able to stay & close above "high ema" shows continuing weakness. A close above Day's High ema is required for reversal to "UP".

That sharp UP candle at 1.00PM was because of a "5 wave " completion. Now for the correction to terminate to resume the down moves..

The simple counts..To sell @ 4380-4400 area with a SL of 4427. If breaks below 4300 at the open, sell & hold.

Market has left us with few possibilities..Depending on the opening moves and "OB & OS" of intra charts, trading to be carried out. 4380-4405 is a strong resistances. Above 4427, bias turns "UP".

Nifty's moves ahead

An inside day possibility ..If lower lows made before 10.30 AM, then a bounce towards 4355 to 4385.

Tuesday, June 30, 2009

Nifty breaks the pivot , Channel & does a bar reversal..

Nifty broke the channel once again. For conservatives, the redrawn channel comes @ 4270 for tomorrow. A potent H&S pattern at the top has formed with "OB" readings in both weekly & daily...a break below 4220 will confirm it.

Hourly high ema had given a sell since yesterday. At 11.00 AM, both hourly ema and hourly low ema reinforced that sell and stayed that way. At EOD, daily momentum weakened below Day's high ema(4399) and sell confirmed below 5 day ema @ 4322. Market also stopped just below 5 day low ema @ 4272.

Expected a pullback to 4350-4335 but showed weakness & broke the channel. Macd looks poised to move into negative zone..

The most obvious count worked very well with "ORB" breakdown @ 4404 @10.15 AM.
"OS" 5 minute TA might induce a bounce which is likely to get resistances @ 4310 - 4345 area.

An Alternative scenario: If 4220 level holds, & if Nifty moves past 4345, it may rally to 4390..

Nifty's moves ahead

An attempt @ possible intra moves. A "b" wave may be developing...if it is an irregular one, it may go past yesterday's high and then correct into the "c' wave of the 4th. Depending on the inherent strength, the "c" may play out...sideways in strength or downwards in weakness. On completing the 4th, it should start its 5th up.

Alternatively as per Hourly counts, if it has more strength, it will be doing "(iii)rd" of the "iii", moving up steadily. have your pick.

Monday, June 29, 2009

Nifty resisted @ 20 DMA - at a cross road.

Going below today's low(4350) and 5-DMA(4310) will break the channel..

Nifty got resisted @ 5 week High ema. And now for a support @ 5-Day ema..??

Hourly indicators showed "OB" without negative div. If 4330 holds, more upsides. If not towards newer lows.

A negative divergence @ 20-DMA resistance...to seek supports @ 4350-4330.

A most obvious count..