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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #91 Posted: Sun May 15, 2016 3:17 pm Post subject: |
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watch it fall to 7600 now.
7810 again broken.
book at 7720/7680/7595
stop 7850/70 |
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AMBY Yellow Belt
Joined: 05 Sep 2014 Posts: 503
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Post: #92 Posted: Sun May 15, 2016 4:20 pm Post subject: |
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Thanks. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #93 Posted: Mon May 16, 2016 6:54 pm Post subject: |
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amitagg wrote: | amitagg wrote: | amitagg wrote: | amitagg wrote: | amitagg wrote: | amitagg wrote: | Time price square date on 11/16/27 april and would expect top here in 7900-8000 with max 8100 ( 30 filter)
Range of 9119 to 6825 squared with date
8600 down wave squared
One more method
Trade on price confirmation |
If expiry is below 8000 I would expect 7500 to be touched
some more days to go
Even otherwise if goes up by 200 points to 8100 ( or 8300 as per some)
I expect vertical fall to 7300-7400 levels from there ........ |
Sticking to this if 7810 breaks ..... Wait and watch |
It happened on 27th ...... While this is only an attempt made by me.... This signal confirmation is one of the strongest if one can read which I am ill equipped with
Gann cycle followers can throw more light.......
The volatility is perplexing . A big move may come for 700 points up or 500 points down.......! In a complex corrective since 9119 this is bound to happen........
First post was written I think day before 7900 was first touched in recent weeks.....
Due to bullish voices coming from various quarters, it's diffcult to project move forward.....what does external data suggest!? |
markets again stalled at 7900-8000 : important resistance turning out to be
Look out for the turn........ |
Again turned from 7900....... (still not giving a clear trade) ........ It wants to turn DOWN not up.... But shall suggest up only .....that's why I mentioned in one post buy above 8000.......break below 7730 and not 7780 confirms the short term tide down to 7540/7400..... |
Still no hope for the Bears ( system short was triggered and stopped)
Held 7730 and holding 7810 ( mentioned above ) on closing basis consistently
Have to wait for 7920 before getting into bull mode... Trade to wait till above 8000 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #94 Posted: Thu May 19, 2016 2:20 pm Post subject: |
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7810 going......posted many days back....7900-8000 still not giving way.....
since we are sideways on monthly and shall move between 6800/7200-7800-8000-8100 ....for few next months.
shorted.....only one more whipsaw pending if any and I shall take it. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #95 Posted: Thu May 19, 2016 3:26 pm Post subject: |
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amitagg wrote: | 7810 going......posted many days back....7900-8000 still not giving way.....
since we are sideways on monthly and shall move between 6800/7200-7800-8000-8100 ....for few next months.
shorted.....only one more whipsaw pending if any and I shall take it. |
8000 put at 226 .... Then was 195-200-205
Only above 235 would it mean a breakout ....
Tomorrow anything can happen
Hold shorts |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #96 Posted: Thu May 19, 2016 3:28 pm Post subject: |
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I am waiting to see a big red bar...... As per previous price Action reading tomorrow shall decide the trend! |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #97 Posted: Thu May 19, 2016 9:13 pm Post subject: |
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amitagg wrote: | I am waiting to see a big red bar...... As per previous price Action reading tomorrow shall decide the trend! |
Possibly a gap down tomorrow..... 7670 should be decisively broken in next few days for bearishness to demonstrate itself otherwise the bigger players would bring the market up in no time! |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #98 Posted: Fri May 20, 2016 2:05 pm Post subject: |
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amitagg wrote: | amitagg wrote: | 7810 going......posted many days back....7900-8000. still not giving way.....
since we are sideways on monthly and shall move between 6800/7200-7800-8000-8100 ....for few next months.
shorted.....only one more whipsaw pending if any and I shall take it. |
8000 put at 226 .... Then was 195-200-205
Only above 235 would it mean a breakout ....
Tomorrow anything can happen
Hold shorts |
exited at near cost since sideways. 235 did not break. will have to short below 7755 again. 7730 still holding. since most are expecting down would be bullish above 7850. and long level reduced from 8000 to 7885. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #99 Posted: Sun May 22, 2016 7:28 pm Post subject: |
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long level reduced to 7840 to target 8300
stop 7400 to be trailed to 7605.
currently in short trade |
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AMBY Yellow Belt
Joined: 05 Sep 2014 Posts: 503
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Post: #100 Posted: Sun May 22, 2016 9:12 pm Post subject: |
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It is good initiative ,
All the best.
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #101 Posted: Mon May 23, 2016 2:26 pm Post subject: |
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amitagg wrote: | amitagg wrote: | I am waiting to see a big red bar...... As per previous price Action reading tomorrow shall decide the trend! |
Possibly a gap down tomorrow..... 7670 should be decisively broken in next few days for bearishness to demonstrate itself otherwise the bigger players would bring the market up in no time! |
Highly indecisive ( perception issue) so phrasing as narrow volatile ( meaning making intra Lower lows higher highs) range and have closed the positions
7670-7715-7730 key points and once above 7850 and 7920.... Move to 8300 can start |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #102 Posted: Mon May 23, 2016 2:36 pm Post subject: |
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"If" it is up.... It shall hit 7780 ns many times and kill it and move up.....
Otherwise short reversal has not targeted although in process |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #103 Posted: Mon May 23, 2016 7:00 pm Post subject: |
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amitagg wrote: | long level reduced to 7840 to target 8300
stop 7400 to be trailed to 7605.
currently in short trade |
Buy trigger lowered to 7810 NS ( further add above 7840)
Re entered short at close ( previous hedged shorts scratched)
System and long term projection is down ( but I know force will be with Bulls if moves up and not with bears if moves down)
Would not mind a last whip |
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AMBY Yellow Belt
Joined: 05 Sep 2014 Posts: 503
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Post: #104 Posted: Tue May 24, 2016 8:31 am Post subject: |
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Thanks, |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #105 Posted: Thu Jul 14, 2016 6:20 pm Post subject: |
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9119 - 8845-8655 were the previous major tops and hence difficult to clear 8655 ( filter to 8700) consistent basis ( for me next to impossible so to say if it can be said... It can turn sidewys before turning down for reaction from 6825... Stop 8730 twice closing basis)
Bearish confirmation below 8390 only.
Ab=cd complete at 8570 if we take c starting from 7500 and not 7700
78.6 percent retrace of entire fall at 8620-8640 region
8650 is GANN resistance level
8740 is breakdown level from 9119
Target 8130/8270 |
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