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Nifty Long term trend |
opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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Post: #1  Posted: Sun Oct 02, 2011 12:51 pm Post subject: Nifty Long term trend |
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Dear all,
This looks interesting. See the second chart. The first and third vertical lines are 6.5 months apart. The second and fourth vertical lines are 6.5 months apart.
Does it mean that lows repeat themselves after every 6.5 months ?
Then look into the first chart. The tops are repeating almost exactly 3 months apart. IT MEANS THAT 7 TH OCTOBER SHOULD BE A TOP 
Regards,
Oppo |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #2 Posted: Fri Oct 07, 2011 9:23 am Post subject: |
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| Friends, the charts gapped up 130 points to open at 4883 (spot levels) today. Despite my cynicsm at my own analysis it turned out that 7th october will be at a significant high, if not a top. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #3 Posted: Fri Oct 07, 2011 9:34 am Post subject: |
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Congrats ! Oppo !
You are sucessfull in recognising a repetitive pattern of High and Lows in certain time intervals in Nifty.
Looking forward for much more. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4 Posted: Fri Oct 07, 2011 8:05 pm Post subject: |
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Lovely Oppo. Now let's hope it was indeed a top and now nifty will  fall. |
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