The Little girl who dared to wish

As Amy Hagadorn rounded the corner across the hall from her classroom, she collided with a tall boy from the fifth grade running in the opposite direction. "Watch it, Squirt," the boy yelled, as he dodged around the little third grader. Then, with a smirk on his face, the boy took hold of his right leg and mimicked the way Amy limped when she walked.
Amy closed her eyes for a moment.
Ignore him, she told herself as she headed for her classroom. But at the end of the day, Amy was still thinking about the tall boy's mean teasing. It wasn't as if he were the only one. It seemed that ever since Amy started the third grade, someone teased her every single day. Kids teased her about her speech or her limping. Amy was tired of it. Sometimes, even in a classroom full of other students, the teasing made her feel all alone.
Back home at the dinner table that evening Amy was quiet. Her mother knew that things were not going well at school. That's why Patti Hagadorn was happy to have some exciting news to share with her daughter.

Not just caring...but Show, You Care..

A teacher in New York decided to honor each of her seniors in high school by telling them the difference they each made. She called each student to the front of the class, one at a time. First, she told each of them how they had made a difference to her and the class.

Then, she presented each of them with a blue ribbon imprinted with gold letters, which read, "Who I Am Makes a Difference." Afterwards, the teacher decided to do a class project to see what kind of impact recognition would have on a community. She gave each of the students three more ribbons and instructed them to go out and spread this acknowledgment ceremony. Then, they were to follow up on the results, see who honored whom, and report back to the class in about a week.

One of the boys in the class went to a junior executive in a nearby company and honored him for helping him with his career planning. He gave him a blue ribbon and put it on his shirt. Then, he gave him two extra ribbons and said, "We're doing a class project on recognition, and we'd like you to go out find somebody to honor, give them a blue ribbon, then give them the extra blue ribbon so they can acknowledge a third person to keep this acknowledgment ceremony going. Then, please report back to me and tell me what happened."

Later that day, the junior executive went in to see his boss, who had been noted, by the way, as being kind of a grouchy fellow. He sat his boss down, and he told him that he deeply admired him for being a creative genius. The boss seemed very surprised. The junior executive asked him if he would accept the gift of the blue ribbon and give him permission to put it on him. His surprised boss said, "Well, sure." The junior executive took the blue ribbon and placed it right on his boss's jacket above his heart.

As he gave him the last extra ribbon, he said, "Would you do me a favor? Would you take this extra ribbon and pass it on by honoring somebody else? The young boy who first gave me the ribbons is doing a project in school, and we want to keep this recognition ceremony going and find out how it affects people."

That night, the boss came home to his 14-year-old son and sat him down. He said, "The most incredible thing happened to me today. I was in my office, and one of the junior executives came in and told me he admired me and gave me a blue ribbon for being a creative genius.

Imagine. He thinks I'm a creative genius. Then, he put this blue ribbon that says: 'Who I Am Makes a Difference' on my jacket above my heart. He gave me an extra ribbon and asked me to find somebody else to honor. As I was driving home tonight, I started thinking about whom I would honor with this ribbon, and I thought about you.

I want to honor you. My days are really hectic, and when I come home, I don't pay a lot of attention to you. Sometimes, I scream at you for not getting good enough grades in school and for your bedroom being a mess, but somehow tonight, I just wanted to sit here and, well, just let you know that you do make a difference to me. Besides your mother, you are the most important person in my life. You're a great kid, and I love you!"

The startled boy started to sob and sob, and he couldn't stop crying. His whole body shook. He looked up at his father and said through his tears, "Dad, earlier tonight I sat in my room and wrote a letter to you and Mom explaining why I had killed myself and asking you to forgive me. I was going to commit suicide tonight after you were asleep. I just didn't think that you cared at all. The letter is upstairs. I don't think I need it after all."

His father walked upstairs and found a heartfelt letter full of anguish and pain. The envelope was addressed, "Mom and Dad."

The boss went back to work a changed man. He was no longer a grouch but made sure to let all his employees know that they made a difference. The junior executive helped several other young people with career planning and never forgot to let them know that they made a difference in his life...one being the boss's son.

And the young boy and his classmates learned a valuable lesson. Who you are DOES make a difference.

Source:Unknown.

Nifty has a firm weekly closing with "OB" day & Hour..

Nifty Update

At 2.53PM:Stopped out @ 5005 NF
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At 2.46PM:SL for Long (5000) at 5005 NF
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This minute chart shows the breakout, pull back a bit & charging ahead..

ABOVE "5005", it will gather momentum..
At 2.02PM: Buy triggered @ 5000 S&R 4990
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At 1.53: S&R @ 5003 NS (If triggers buy, then S&R @ 4990)
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At 1.25PM: SOLD @ 5010 SL 5015NS
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Booked out @ 4990.
Intra charts are quite mixed signals.

Nifty Update

How some of the trading methods can continue
to give you your "Daily wages"

Nifty Intraday Update.

Aggressive Trade: SOLD @ 5005 SL @ 5016NS.
...........................for a target 4965 & 4930.
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At 5010NS, it touches the channel top. Either break out or correct downwards..

Nifty PreMarket View

If the fractals of "EOD" post is to play out, Nifty should hold 4885-4900 today and move higher on Monday / Tuesday and top out around 5030-5055.
However, a decisive break of this channel around 4860-4870 will end this up move and revert back to down.
A close below yesterday's low of 4925 OR staying below "Day High ema" will give an early dignal ..

"Will not be available for the morning session"

Nifty's amazing "Fractals", a reversal possibility soon..!!

Look at the "Daily" & " Hour" charts and wonder at the amazing fractals being played out so far..There are traders who pick these "fractals" quite early and benefit from it. You will find such fractals being played out all the time in different time cycles...here the "day" is being repeated in "Hour"..Imagine spotting the "Hour fractal" in "Day"..that would be a huge "gain possibility"..
Let us watch in the coming days whether the rest of it plays out similarly or the similarities "end today"..??



Look at the damage done to the "Daily momentum"(Close below day's high ema) and market's inability to keep above the "weekly high ema". Tomorrow's S2 @ 4874 will be the channel suppot as well as last Pivot low(4870).
A close below 4909 will give a "Daily sell" and a close below 4868- the "weekly sell". And watch for closing below "hour low ema" for hour downward momentum to commence.

Nifty Update

Shorts(4982) covered @ 4950 (As per the target 4950NS)
Rupee weakening since morning aiding the fall..

Nifty heading to S1 @ 4910.

Nifty Update

At 2.20PM:SOLD @ 4982 S&R @ 4995NS. for targets 4965-4950.
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At 2.06PM: SL raised to 4979NS but S&R remains the same @ 4970NS.
(Stopped out @ 4979)
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Closed shorts & Long @ 4972 with S&R @ 4970NS.

Nifty Update

At 12.53PM: Nifty bounced off today's Pivot @ 4964. If it closes @ 5001 at 12.00Noon, the momentum will be back to take it higher. Keep your SL accordingly.
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At 11.00AM: I keep having NET problems. Trade as per the levels suggested.
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Aggressive: SOLD @ 5010

Nifty Pre-Market View.

I am delayed because of NET problems.

A correction, profit booking will be on.

Let us go by EOD posts. Heading to channel bottom.

Nifty's reversal scenario.

We expected a fall similar to the (a) (from 4697 to 3921) for the (c) (from 5182). It looks , however, it may have ended the down move from 5182 as a "5" waves at 4539.
If the weekly reverses with a close above 4870 or 4920 (looks highly possible now), use dips to buy.
As shown in the "5-minute chart", Nifty is close to the channel top. Allow for 15-30 points up to 5025-5050, look for weaknesses:
a) Aggressive traders can sell for a few hours of correction to sub 5000, possibly to 4985-4965.
b) Conservative traders may wait patiently to buy @ 4965(Pivot) or lower @ 4925-4945.

During this uptrend, Nifty has corrected a deep 106 points to a 87 & 66 points. So when ever Nifty falls from a high by 80-100 points, look for a buying opportunity and if the buying range coincides with the above mentioned support zones and TA at that time is "OS", one can initiate longs then.
Once Weekly reversal is confirmed, the Technical set up will change.
As per the above chart, Nifty may be progressing in the "3rd" wave of the first leg of upmove. After a correction of "4th" and an up move of "5th", it will have a larger correction of the entire up move of 4539 to........ (High of Friday or Monday).
That correction will give another buying opportunity for the year end rally. Will keep updating on it as the price unfolds.

Nifty's short term count by "Jignesh"

"Jignesh Patil" sent this chart. A likely completion with negative divergence in the hour charts..We will update based on the world markets.
His contribution is well appreciated..

Nifty's momentum accelerating by the day.(OB)

Nifty Update.

Exit Shorts..
(Slow climb is what bothers me., Spikes , I can handle..)
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This could be the stage set for year end rally, provided
Nifty closes above 4930 this week.
Rupees' Strength adds fuel to the rally..

Nifty Intraday Update

This hourly chart with its "Slow macd" is developing negative divergences.
Longs : Have TSL to protect profits or part book out.
Shorts : Fresh shorts can be considered in part @ 4980-5000 (to be confirmed by a fall below 4930.)
US Markets are closed tonight.

Nifty Premarket view.

Volume was markedly higher during yesterday's sell off.
4900 Calls & 4700 Puts had highest addition suggesting a range for about 5 trading days.
Weekly Pivot 4724 to weekly averages of 4920 to be the range.
EW: Nifty has completed a "5" of A of 2 and commenced the "abc" of B of 2 targeting 4700. OR
It has done "abc-x a" "b" is on after which a "c" up to complete this corrective upmove.

Nifty sold @ Golden ratio(61.82%)

Nifty retraced to 4935(Golden ratio of the fall from 5182-4539). In life as well as in trading, nothing is that simple though golden ratio has high probabilities.
Nifty got resisted by many short term weekly averages in 4910-4920 zone as well as 20& 50 DMA.
It can trade 4785 to 4900+ before making up its mind.
Hourly has given a sell but Nifty can still attempt another high in the "overbought status". though this steep channel is broken, there is another channel support(Connecting the 4539 & 4610) @ 4785-4810.

"Bears" attempt to close below 4876 (Day High ema) was not successful today. For Bulls "5000"(Week High ema..rising) is the ultimate resistance.

Nifty Update.

Nifty just about touched the Pivot-4865 and trading with good discount. Hourly "sell" is on.It may rally from about 4860 or it can weaken upto the S1-4835.

This is the 3rd occasion in the recent past our market has used the strong global cues to have their correction , provided the TA was ready for one.

Nifty Update

Aggressive trades:
1. Sold 4930 & Bought 4895
2. Bought 4895 & Sold 4930
3. Sold 4930....& Bought @ 4865(Today's Pivot)
4. Bought @ 4865....(To Sell @ 4895-4905)
5. Reversed to sell @ 4870
6. Closed the shorts @ 4851.(When spot touched 4860)

Nifty Pre market View.

10.18AM: "ORB" has given a "Sell" for intraday..
Let us see how it works.
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How far this rally can go..By sustaining 4910-4920 zone, it can go towards 4990-5030 zone. In the short term it is in "OB" with -ve div in only 5-minute time frame which can get corrected with just an intra day dip.
If it holds 4910-4920 , that is a signal of strength.
Watch the US dollar Index which has made a new low, suggesting more upsides to equities. And this down move in dollar could be the last move down.

It was a 5-day high(4853) reversal yesterday which was overlooked and that was a simple TA parameter and market is unforgiving.

Nifty- EW & TA.

Nifty's last resistance point from where the downtrend can resume is 4945-4960. If not, with some consolidation, this move can continue higher mainly due to the "Dollar making new lows".
This a monthly view: It shows that Nifty may be still in the "Correction zone" after a sharp upmove from 2539 to 4697.(Or it may have been over @ 4539 last week). 4350-4450 is the critical support.

After Nifty made its top on 20.10.09, US mkts confirmed it by making a top and fell in "5-waves" down and they retraced to 61.8% level last week assuming the end of the 2nd wave. However, Monday's action has proved it all wrong. While "Dow" made a new high, other US indices are still some distance away.
Under such a scenario, either stand aside to let the market decide it @ this critical point OR simply follow a technical parameter - stay long above 5-avg or on a break above 5-day high and vice versa.

Nifty to test previous base @ 4935(61.82% also)

There is a site for good EW tutorials and it has just commenced and it seem to be quite simple and easy to comprehend. Check it out here.

On its way up from 4353, Nifty faced a minor resistance @ 4747 and then stalled @ 4900-4935. And subsequent to its move above that it took support @ 4904 to 4921, 4940 on many days.
Then, when it started its down move from 5182, it fell stright to 4968 and held ground for 2 days and gapped down on "RBI Policy" day and in its intra upswing on that day, it went up to 4957 leaving a gap @ 4957-4968 and fell steadily to 4539.
If Nifty clears that strong resistance zone, then TA will change TO BULLISH. Besides it need to sustain above it and close the week above 4910-4920. So lot of action seem to be pending..
According to many EW experts in the US including the reputed "Elliott wave International", US dollar index is supposed to have bottomed @ 74.94 and has finished its 1ts wave up and in the terminal stage of 2nd wave down. Once its 3rd wave commences, then weakness will be seen all around & commodities.
There is also a view that it can break 74.94 and move lower once before reversal(It is not a preferred view.)
Negative divergence in 5-minute chart to be confirmed by a fall below 4880.
There are cluster of resistances in weekly averages 4912-4918, 21 & 34 day avg @ 4929,4957.

Nifty update

EXIT aggressive shorts @ 4895 (short @ 4880)

Nifty Intra Update

At 1.40PM: SOLD @ 4880 in Conservative & Aggressive-SL 4940.
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Heading closer to the resistance zone of 4860-4880(50% retracement)
Intraday Breakout

Nifty Intraday update.

Data Updated for 12.00NOON.
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Correction continues from the suggested 4830.
Today's pivot @ 4801 has held sofar.
"ORB" has given a sell below 4815.

Nifty PreMarket View

Nifty may have completed one part of the corrective upmove(OR it may make another high towards 4840-4850 at best).
And it may (may have started from 4836 on Friday..if so.,sell @ 4815-4825) start a sideways move with a downward bias towards 4740-4710 in the next two days..
Trade light on these days to wait for higher levels to initiate short positions. In the meanwhile, one can go long around 4710-4740 for higher levels but with strict SL.
As suggested earlier, Conservative shorts may exit & re-enter @ higher levels.
Weekly Pivot is 4724 and daily Pivot is 4801.