| View previous topic :: View next topic |
| Author |
Opportunity is Now-here |
manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
|
Post: #211  Posted: Thu Sep 04, 2014 10:51 am Post subject: |
 |
|
| tnx... |
|
| Back to top |
|
 |
|
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #212 Posted: Fri Sep 05, 2014 8:21 pm Post subject: |
|
|
US Markets are in Topping Out process for an Intermediate term Correction. There is high probability that , US Markets would correct below Aug 2014 lows in the coming weeks.
Our Markets would follow suit in the coming days-weeks......... I am expecting correction to gain strength from 12/15th Sept onward based on a few GANN Time cycles.
Setting aside the Time Cycles for a moment... even based upon valuation indicator- PE ratio, I am expecting correction of 2.5 to 3.5 PE multiple in the coming weeks...
Invest Wisely,
Turtle
|
|
| Back to top |
|
|
manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
|
| Post: #213 Posted: Fri Sep 05, 2014 8:58 pm Post subject: |
|
|
| thanks... |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #214 Posted: Wed Sep 10, 2014 10:15 am Post subject: |
|
|
| FYI........ |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #215 Posted: Wed Sep 10, 2014 3:25 pm Post subject: |
|
|
So far the volume is quite low. Unless we take out today's Low in the next couple of sessions.... today's down move will be considered as just a Pull Back...
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #216 Posted: Thu Sep 11, 2014 12:06 pm Post subject: |
|
|
Nifty has traded below yesterday's Low, and 60M trend has turned Negative. There is High probability that a correction of Intermediate term has started. We must remember that, Bull Market corrections happen only when things look rosy... not scary...
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #217 Posted: Sat Sep 13, 2014 9:22 am Post subject: |
|
|
| Nifty Spot chart... |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #218 Posted: Sat Sep 13, 2014 4:01 pm Post subject: |
|
|
| turtlecsi wrote: | | Nifty Spot chart... |
And noticing your chart, "always" has nifty except the initial election spike has retraced BELOW the previous high it crossed ( current being 7860) |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #219 Posted: Sat Sep 13, 2014 8:51 pm Post subject: |
|
|
| amitagg wrote: | | turtlecsi wrote: | | Nifty Spot chart... |
And noticing your chart, "always" has nifty except the initial election spike has retraced BELOW the previous high it crossed ( current being 7860) |
Dear Amitagg,
Nifty daily trend is still positive. Only 60M trend has gone Negative. Highest Put OI is at 8000 strike. Since various supports exist below 8000, Nifty likely to bounce back sharply , in case there is a breach intraday... Even many short-term oscillators are getting Over-Sold.
However, a few facts need to be looked at without opinion or bias...
1. Russia-Ukraine crisis is not going to End just like that. War is inevitable... Putin is on a Road, he can not walk back. He Risks loosing his reputation in Russia...
2. In case Scotland Votes to Separate from England... it could lead to a Currency Crisis... Weakness in Pound/ Euro and strength in US Dollar.
3. Strength in US Dollar beyond a certain point, may start hitting INR. Exports could get Hit.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #220 Posted: Mon Sep 15, 2014 9:36 am Post subject: |
|
|
Nifty is trading below last week Low- 8057. Up trend has stalled for sure. Supports @ 7960-7880.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #221 Posted: Tue Sep 16, 2014 3:15 pm Post subject: |
|
|
| turtlecsi wrote: | | Nifty Spot chart... |
Nifty Spot in Log Scale...
Support for
16th Sept : 7918
17th Sept : 7933
18th Sept : 7949
19th Sept : 7964
Seems like Breakdown is inevitable ......
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #222 Posted: Wed Sep 17, 2014 10:28 am Post subject: |
|
|
So far Nifty Spot is holding above 7933 (Log chart support number)... Low is 7936.95. Breach and close below it today will trigger End of a 8-9 month up trend. Nifty had gone below 5120 late Aug 2013. Therefore, 12 months have passed since that Low. A good place to start a correction... However, I am Nobody to tell Market ..Where to Go.... Market is Bigger than anyone...
Log Scale Supports as per Daily chart
17th Sept : 7933
18th Sept : 7949 (If 5936.95 Holds today, Bar B/D for Tomorrow is 5948.75)
19th Sept : 7964
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #223 Posted: Thu Sep 18, 2014 9:40 am Post subject: |
|
|
Numbers of Importance for Today's sessions:
Break out TGT: 8056 (NS is trading @ 8030 at the time of posting)
Breakdown TGT : 7829
Supports : 7949-7936
Today Scotland is going to vote for Separation from U.K. If they vote 'Yes', world currencies could face volatility going ahead.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #224 Posted: Thu Sep 18, 2014 12:09 pm Post subject: |
|
|
| turtlecsi wrote: | Numbers of Importance for Today's sessions:
Break out TGT: 8056 (NS is trading @ 8030 at the time of posting)
Breakdown TGT : 7829
Supports : 7949-7936
Today Scotland is going to vote for Separation from U.K. If they vote 'Yes', world currencies could face volatility going ahead.
Invest Wisely,
Turtle |
Lets see.... if NS is able to cross the next Resistance @ 8083-8085.
the moment I mention a resistance... Nifty is already there.... I think i should rename that as Targets...
 |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #225 Posted: Thu Sep 18, 2014 1:21 pm Post subject: |
|
|
| Nifty Spot ........... |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
