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Elliott Wave Thoughts |
tripathi_manu
White Belt
Joined: 27 Dec 2008
Posts: 62
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Post: #136  Posted: Tue Mar 29, 2011 10:04 pm Post subject: Re: Out of the BOX |
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| tripathi_manu wrote: | An interesting similarity is observed in nifty spot.
Market is replicating its moves.
Please note in the attached daily Chart. From 1 to 11 the reversal points are given two times.
Price movements are just same in both counting.
Compare 1 to 1,
2 to 2,
3 to 3,
4 to 4.
5 to 5 …………..
And so on till 11 to 11.
We observe that market is just replicating its move. from 1 to 11 it is carbon copy.
So natural next target is 11 i.e. 5700.
Off course it is not Elliott wave or anything. It is just similar move.
MV Sorry to print out of the box matter in your thread. 
Regards.
Mantri (manu tripathi) |
Hi Folks,
For the purpose of compilation I am posting this one.
Pls chk the chart attached.
the expected tgt is achivd.
11 matches with 11 (today 29/3/11) Tuesday.
Although it took some time.
but.....
wt will be the 12?
If 12 meets the expected down then will have a very horrible picture.
regards.
manu tripathi
mantri. |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #137 Posted: Mon May 02, 2011 6:21 pm Post subject: WHERE INFY HEADING |
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 HOW MUCH MORE DOWN .... 1ST CHART POSTED IN FORUM ON 19TH MARCH ... 2ND ON 2ND MAY 2011 |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #138 Posted: Mon May 02, 2011 6:22 pm Post subject: Re: WHERE INFY HEADING |
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| nsinojia wrote: | | HOW MUCH MORE DOWN .... 1ST CHART POSTED IN FORUM ON 19TH MARCH ... 2ND ON 2ND MAY 2011 |
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marne.vivek
White Belt
Joined: 11 Apr 2008
Posts: 244
Location: Pune / Mumbai
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| Post: #139 Posted: Fri Jun 24, 2011 8:35 pm Post subject: Nifty Update |
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Nifty Update
Hyper bullish..
Bearish and
Close up
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Vivek |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #140 Posted: Fri Jun 24, 2011 8:37 pm Post subject: |
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| I would be much obliged if you could give interpretation of it. |
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marne.vivek
White Belt
Joined: 11 Apr 2008
Posts: 244
Location: Pune / Mumbai
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| Post: #141 Posted: Sat Jun 25, 2011 5:54 pm Post subject: Sensex Count..... |
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@Vinay.
Lets see.. if this works out..
This is an entire Sensex count i feel.
I was earlier inclined to think that the rise from 2009 lows till now and the fall from 2008 was a flat ABC structure of wave IV of some degree. However, the longer term sensex chart makes me want to think that things are different. Currently, I think we are in the process of ending Wave V in India.
Based on the charts attached, I think there are two possibilities:
1. We have completed wave V of larger CYCLE / SUPERCYCLE degree (I am bad at assigning cycle degrees); that would be a truncated 5th wave from the bottom in 2009.
2. Other option is, if Friday's and the crucial lows of 5100-5200 zone hold, we might see an upside; which I believe shall be a blow-up top given decaying fundamentals, worse economic situation and backed by phony money called 'QE 3'.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #142 Posted: Sat Jun 25, 2011 7:55 pm Post subject: |
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Thanks Vivek. Isn't it noteworthy that it took 2 years after the high of april 86 and 3 years after the high of early 2000 for market to start going up again. However, this time it started going up only 15 months after the high of jan 2008 and even reached previous high in 18 months. Isn't it too fast?
Is it going to repeat the rise like that from april 88 to 92 or only flatter to deceive by remaining in a range as that between 92 to 99, only to fall again before a major long term upward rally? I understand that the world economic situation has changed and is much much more in favour of India than before. Also, the chances of stock market scams of 92 and 2000 repeating are low. But I am afraid that India may be downgraded and/or we may have mid-term elections or any such bad news.
I am keeping my fingers crossed for the next 5 months.
Thanks again |
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