Devotion

"Make the crooked straight Make the straight to flow Gather water, fire, and light. Bring the world to a single point." Today I worked hard and I managed my time well. I felt that I needed a rest from yesterday as I was absolutely beat from the activities so I chose other forms of moving meditation. One rule I have been practicing often and well is from How to Win Friends and Influence People: "Be a good listener. Encourage others to talk about themselves." It's amazing how such a small detail can leave a world of difference in the way others view you. The people I encounter remark that we have great conversations when they speak with me - despite me not saying much at all. What a powerful tool is the listening ear. Checklist:

Worked at LT for 8 hours. Completed 150 practice questions for CMT and finished the question bank. Reviewed Market Masters for Maverick Trading and successfully passed the Market Master's Level 3 exam. Cycled steady state for 20 minutes. Practiced Steel Mace & Indian club techniques for 30 minutes. Heavy bag Boxing for 20 minutes - felt easy and my aerobic endurance has definitely improved.

Market Analysis:

Looking at the SPX chart, the price remains within the symmetrical triangle pattern. Upon further analysis I noticed a classic Elliott Wave Impulse pattern followed by a 3-wave correction. This suggests that the breakout to the upside would be followed by a similar motive wave pattern consisting of 5 distinct waveforms with the general direction following an uptrend.

This analysis is consistent with the recently published CPI data, which rose by 0.6% for the month of August. The Federal Reserve published a statement that described the inflation data as "disappointing," but it seems that the market has reacted gently to the news. Analysts at Bloomberg say that the Fed is on "alert" for potential future rate hikes, but it seems that the market is ready to move forward. Market Posture: Bullish +2 Evidence: Current uptrend in a symmetrical triangle formation preparing for a breakout either to the upside or the downside. Price action above 20SMA, 200SMA Upward sloping 50SMA, 200SMA Trading Strategies: Long: Stop Buy on the 4500 - Short: Stop Sell on the 4430 "Proper devotion lies not simply in a headlong course. It also requires fortitude. Our bodies, our hearts, and our spirits must be totally concentrated upon what we want. Only by uniting all our inner elements can we have full devotion."