Friday, December 23, 2011
Thursday, December 8, 2011
Wednesday, November 30, 2011
Tuesday, November 15, 2011
Sunday, October 30, 2011
Friday, October 28, 2011
Thursday, October 27, 2011
Sunday, October 23, 2011
Sunday, October 2, 2011
Saturday, October 1, 2011
Nifty long term flat interpretation...
If we are in a Wave 4 flat from 2006 ( wave 3 completed in 2006 ), then could we be seeing 2600-2300 range next year in Nifty to complete Wave C of the flat ?
Wednesday, September 28, 2011
Saturday, September 24, 2011
Wednesday, September 21, 2011
Tuesday, September 20, 2011
Nifty Sep 20 EW trend lines...
4.A = 4720-5170 = 450 = 7 days
4.B = 5170-4910 = 260 = 58% = 3 days
Expected 4.C = 5190 ( 61%*A ), 5360 ( A ) = 5 days
4.C.a=4910-5145=235
4.C.b=5145-5020=125 = 53%*A
4.C.c=5165 ( 62%*a ), 5255 ( a ), 5400 ( 1.62*A )
Wave 3 was 1000 points and 23 days.
Wave 4 is usually .38 of Wave 3 ( 380 points ) and same or more timeline than Wave 3.
If Wave 4 exceeds 5320 ( which is 50% of Wave 3 ), Wave 5 failure is possible.
So to me, if in 2 days we get to 5250, then 4.C and 4.A are same timeline
and 4.C covered good amount of 4.A. But Wave 4 will be short by 6 days when compared
to Wave 3. So possibility that we could meander in 4.C.c.(iv) for a long time ( 2-3 days ).
These are just my thoughts. And this could be off by a long margin too. DONT TRADE BASED ON THESE.
Monday, September 19, 2011
What is going on S&P long term ?
I am not sure if the below chart is right...but i am hoping to get some answers and save it permanently in this blog for reference.
Sunday, September 18, 2011
Friday, September 16, 2011
Thursday, September 15, 2011
Wednesday, September 14, 2011
Tuesday, September 13, 2011
Monday, September 12, 2011
Saturday, September 10, 2011
Bottoms and Tops
It is amazing how this simple principle seems to be holding true all the time - Bottoms respect previous tops and tops respect previous bottoms ( simple supports and resistences ).
Look at this chart carefully and see how many times this has been true...
