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Nifty Spot on 8-7-2011 |
ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
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Post: #1  Posted: Fri Jul 08, 2011 6:21 pm Post subject: Nifty Spot on 8-7-2011 |
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| Will the history repeat ? |
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #2 Posted: Fri Jul 08, 2011 7:25 pm Post subject: |
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pillai will it be 5k nf...tuesday evening [12th july 2011]?  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3 Posted: Fri Jul 08, 2011 7:41 pm Post subject: |
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| 5 K, veerappan? That's more than 11% drop in two days. I wonder whether you are pulling pillai's legs. |
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ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
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| Post: #4 Posted: Fri Jul 08, 2011 9:12 pm Post subject: Nifty Spot on 8-7-2011 |
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| vinay28 wrote: | | 5 K, veerappan? That's more than 11% drop in two days. I wonder whether you are pulling pillai's legs. |
I am not an expert.Whatever i have observed i have placed before the i chart members to comment..But those who claim to be experts must come out with their opinion.This sort of gimmicks is not going to be of any help.Views may be right or wrong.What we want to know is the logic behind their views.Nobody is going to immediately accept their views.Because market is supreme.People will definitely follow the market only |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5 Posted: Sat Jul 09, 2011 12:37 pm Post subject: |
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| Pillai, it is better that you give your own interpretation/prediction of the chart you have attached so that we "newbies" also understand. I couldn't fathom anything from it. |
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Thasmiq
White Belt
Joined: 12 Aug 2009
Posts: 29
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| Post: #6 Posted: Sat Jul 09, 2011 7:12 pm Post subject: |
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hi all......
I think KTpillai was intended to this point, which i hav marked in chart attached......
i was no newbie...... 
but a learner may be..... 
experts comment and also Mr.KT pillai
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #7 Posted: Sat Jul 09, 2011 7:26 pm Post subject: |
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There is a difference. The peaks of nov 10 and jan & may 11 were above 200 sma/ema close. This time nifty is yet to cross 200 sma close.
I don't know what that means though.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #8 Posted: Sat Jul 09, 2011 9:20 pm Post subject: |
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Here is a more detailed description of differences in the four scenarios i.e. Nov 10 and Jan, May & july 11 peaks.
1. Nov 10 peak was above 38.2 % retracement and well above 200 sma low.
2. Jan 11 peak was above 61.8 % retracement and well above 200 sma low.
3. May 11 peak was well above both 38.2 % retracement and 200 sma low.
4. However, July 11 peak (as of now) is above 61.8 % retracement but just crossed above only to come below 200 sma low.
I don't believe such parallels can be drawn. History never repeats in extremely-long-time-span events like stock markets, weather, political upheavals, etc. Repeat periods are generally in multiples of 12 years and, to be more acurate, every 60 years or so. |
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Thasmiq
White Belt
Joined: 12 Aug 2009
Posts: 29
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| Post: #9 Posted: Sat Jul 09, 2011 9:44 pm Post subject: |
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as of the chart posted by ktpillai.......i am not always with the expectations to history be repeated......if history repeats constantly....we shall just enter at the right entry point (if there was one  )....and shall dream to history repeat....
and more or less.....i dont make systems.....this complicated way ....
trade simple.....trade smart.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #10 Posted: Sat Jul 09, 2011 9:47 pm Post subject: |
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Amen  |
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ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
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| Post: #11 Posted: Wed Nov 02, 2011 8:04 am Post subject: Re: Nifty Spot on 8-7-2011 |
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| ktpillai wrote: | | Will the history repeat ? |
Onthe first occasion nifty spot started moving down after retracement to the level of 76.4% At that time Nifty was abv 200 dma.But , the second time 76.4% retracement and 200 dma were at same place from where nifty spot started correction.This time 200 dma is below 76.4% retracement and nifty spot started correcting from 200 dma.Will the correction be still severe compared to the previous occasion? |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #12 Posted: Wed Nov 02, 2011 8:29 am Post subject: Re: Nifty Spot on 8-7-2011 |
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It was a post on 8th july 2011.
Now I can answer yes 
For time being it repeated Mr.pillai and congratulations! for catching this repetetion.
| ktpillai wrote: | | Will the history repeat ? |
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