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RUNNING WITH THE WOLVES |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #256  Posted: Sun Aug 14, 2011 7:11 pm Post subject: |
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Modified WW Chart of Ambuja Cements
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prasadkonda
White Belt
Joined: 20 Dec 2008
Posts: 32
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| Post: #257 Posted: Sun Aug 14, 2011 8:26 pm Post subject: bajajhind-formed ww??? |
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Dear sirs
please check bajajhind formed wolf wave or not.
thank you
Prasad
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k_jeyaraman
White Belt
Joined: 22 Mar 2007
Posts: 16
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| Post: #258 Posted: Mon Aug 15, 2011 11:12 am Post subject: Re: bajajhind-formed ww??? |
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Hi,
Bajaj Hind formation can be called as a weak WW. The volume increase is not enough to be called as a stopping volume. More over ,volume should be decreasing as we proceed towards the target. Here now we got another stopping volume in the last candle signing trouble. As per Wolfe, He asks to exit at the first sign of trouble.
| prasadkonda wrote: | Dear sirs
please check bajajhind formed wolf wave or not.
thank you
Prasad |
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iamAnna
White Belt
Joined: 28 Jul 2011
Posts: 18
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| Post: #259 Posted: Mon Aug 15, 2011 5:36 pm Post subject: Re: bajajhind-formed ww??? |
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| prasadkonda wrote: | Dear sirs
please check bajajhind formed wolf wave or not.
thank you
Prasad |
| Code: | | prasad while posting please mention the time frame also [smilie=aeom.gif] |
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #260 Posted: Mon Aug 15, 2011 8:20 pm Post subject: Ss.muthuswamy - from GHAISAS |
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Dear S. Muthuswamy,
Sincere thanks for explanation in depth. I was away and could study your reply to my query only today 15th August evening. Thanks for very clearly stating the 4 important points as well the extensions.
Rajendra Ghaisas.
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #261 Posted: Tue Aug 16, 2011 12:41 pm Post subject: 127% & 167% calculation |
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dear M.Muthuswamy,
can you explain how to calculate 127 % and 167 % - of what and from which base point value? Thanking you in advance.
Rajendra Ghaisas.
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s.muthuswamy
White Belt
Joined: 15 Jun 2008
Posts: 96
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| Post: #262 Posted: Tue Aug 16, 2011 1:24 pm Post subject: Running with the wolves |
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| GHAISAS wrote: | dear M.Muthuswamy,
can you explain how to calculate 127 % and 167 % - of what and from which base point value? Thanking you in advance.
Rajendra Ghaisas. |
In a perfect WW, the wave 4-5 will be of length equal to 127% to 167%of the wave 3-4. This means that
Length of 4-5 wave=1.27* Length of 3-4 wave or
1.67* length 0f 3-4 wave.
As an example , consider the chart explained on 14th Aug, There the point 3 was 5182 and 4 was 5760. Hence length of 3-4 wave=5760-5182=578.
Since the chart after 4 falls to 5, we have to calculate the fall from 4. Hence subtract 127% of 578 from 5760. It is 5760-1.27*578=5026 which may be expected as point 5.
Since NF has fallen below this level,we expect a new position for 5 and it comes by way of the 167% calculation. Hence the level=5760-1.67*578=4795.
Do you wonder how the fig 4217 was calculated?
It is the result of 267% fall from the point 4. Are you surprised if such a steep fall is possible? It has happened once in the year 2008.
You can refer to WW formed in NF chart(EOD basis) with the following points:
1. 4476 on 17-3-2008
2. 5272 on 5-5-2008
3. 3761 on 16-7-2008
4. 4654 on 12-8-2008
5. 2228 on 27-10-2008
Here length of 3-4 wave =4654-3761=893
length of 4-5 wave=4654-2228=2426 which is 270% of 893.
Remember this point 5, namely 2228 is the most recent low of NF
I hope that your doubts have been cleared.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #263 Posted: Tue Aug 16, 2011 3:39 pm Post subject: MINDTREE |
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MINDTREE .. 30tf..
===============
Bullish WW seems to have formed on 30 tf...
Tgt could be 380 ..SL can be 348 (adjusting ATR)..
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #264 Posted: Tue Aug 16, 2011 4:20 pm Post subject: s.muthuswamy |
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| really spell bound. thanks for 'to the point' clear - no nonsense explanation. A lot of home work now, for me. Doubts cleared. Putting questions is simple - but your answers are more simpler - easy to understand by layman like me. spell bound again.
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #265 Posted: Tue Aug 16, 2011 5:57 pm Post subject: |
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Dear All
If you believe that mkt will correct more from sub 5000 level then look out stocks which have not fallen and still holding
These stocks will sooner or latter will correct so would be best to short and make some good money
Like I posted earlier Bharti
Now watch this one
I am happy to see a lot of initiative taken and we got good company of Mr. Jayaraman and Mr.Muthuswamy..
I urge to followers of these thread to summaries the valued inputs given by these gentlemen so any novice in this pattern will understand the rules
I do not have the skills.. I am good to identify the pattern
Trust, some one will be here to take this initiative
Once again Happy trading
Regards,
JJM
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #266 Posted: Tue Aug 16, 2011 7:59 pm Post subject: Re: Running with the wolves |
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| s.muthuswamy wrote: | rk_a2003,
On 7th Aug itself I replied to one of your posts that NF is going to fall up to 5040 which is around 125% of the fall from 5760. Since it has gone well below this level to 4951 on 9th Aug( with RSI below 30) NF will again fall below this level soon. If we can see +ve divergence then with RSI above 30 then we can conclude that bounce back has started. Otherwise further fall below the new low is certain. In these circumstances, we can expect a max fall of nearly 167% from 5760 and it is 4795.
The WW referred to here has the following points:
Point 1: 5357 (21.3.11 low)
2. 6000(5.4.11 high)
3. 5182 (20.6.11 low)
4. 5760 (5.7.11 high)
5. 5040 or 5026 (127% fall expected by me on 7th Aug)
4795 (because NF has fallen below 5040)
If 4795 is also broken it may fall to 4217 below the Veeru level 4389
Though I have not given the chart then , Mr.JJM has posted one on 10th Aug which you can compare with my points given above. |
hello s.muthuswamy. nice contribution from u. thank you very much for sharing. regarding to nif eod ww, i've a confusion about parralel lines in the pattern. if i'm not mistaking, i think it should be bit converging instead of parralel. let me know if i'm mistaking. regards.
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s.muthuswamy
White Belt
Joined: 15 Jun 2008
Posts: 96
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| Post: #267 Posted: Tue Aug 16, 2011 9:28 pm Post subject: Re: Running with the wolves |
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| peace69 wrote: | | s.muthuswamy wrote: | rk_a2003,
On 7th Aug itself I replied to one of your posts that NF is going to fall up to 5040 which is around 125% of the fall from 5760. Since it has gone well below this level to 4951 on 9th Aug( with RSI below 30) NF will again fall below this level soon. If we can see +ve divergence then with RSI above 30 then we can conclude that bounce back has started. Otherwise further fall below the new low is certain. In these circumstances, we can expect a max fall of nearly 167% from 5760 and it is 4795.
The WW referred to here has the following points:
Point 1: 5357 (21.3.11 low)
2. 6000(5.4.11 high)
3. 5182 (20.6.11 low)
4. 5760 (5.7.11 high)
5. 5040 or 5026 (127% fall expected by me on 7th Aug)
4795 (because NF has fallen below 5040)
If 4795 is also broken it may fall to 4217 below the Veeru level 4389
Though I have not given the chart then , Mr.JJM has posted one on 10th Aug which you can compare with my points given above. |
hello s.muthuswamy. nice contribution from u. thank you very much for sharing. regarding to nif eod ww, i've a confusion about parralel lines in the pattern. if i'm not mistaking, i think it should be bit converging instead of parralel. let me know if i'm mistaking. regards. |
The lines 1-3 and 2-4 shall preferably be converging for a perfect WW; no harm if they are parallel. In the former case we can estimate the ETA while in the latter it is not possible
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #268 Posted: Tue Aug 16, 2011 9:42 pm Post subject: |
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Thanks for clarifying. I too got this dilemma as some one is saying convergence is must and while reading the literature on WW I could not find such imposing.
RK
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #269 Posted: Wed Aug 17, 2011 9:01 am Post subject: Re: Running with the wolves |
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| s.muthuswamy wrote: | | peace69 wrote: | | s.muthuswamy wrote: | rk_a2003,
On 7th Aug itself I replied to one of your posts that NF is going to fall up to 5040 which is around 125% of the fall from 5760. Since it has gone well below this level to 4951 on 9th Aug( with RSI below 30) NF will again fall below this level soon. If we can see +ve divergence then with RSI above 30 then we can conclude that bounce back has started. Otherwise further fall below the new low is certain. In these circumstances, we can expect a max fall of nearly 167% from 5760 and it is 4795.
The WW referred to here has the following points:
Point 1: 5357 (21.3.11 low)
2. 6000(5.4.11 high)
3. 5182 (20.6.11 low)
4. 5760 (5.7.11 high)
5. 5040 or 5026 (127% fall expected by me on 7th Aug)
4795 (because NF has fallen below 5040)
If 4795 is also broken it may fall to 4217 below the Veeru level 4389
Though I have not given the chart then , Mr.JJM has posted one on 10th Aug which you can compare with my points given above. |
hello s.muthuswamy. nice contribution from u. thank you very much for sharing. regarding to nif eod ww, i've a confusion about parralel lines in the pattern. if i'm not mistaking, i think it should be bit converging instead of parralel. let me know if i'm mistaking. regards. |
The lines 1-3 and 2-4 shall preferably be converging for a perfect WW; no harm if they are parallel. In the former case we can estimate the ETA while in the latter it is not possible |
thank you s.muthuswamyji for quick & prompt reply. that clarified my confusion. wish u continue such sharring. regards
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #270 Posted: Wed Aug 17, 2011 12:09 pm Post subject: |
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hi. although anand has clarified invalidity of this in SB, i'm posting this ww with bearish implication on 15 TF. it's symmetricality is good as per required. although TL r not converging as preffered. it's parralel. please, comment if it's valid or not with reasons. Anand, it's lower low on pt 1-3-5 as u mentioned. although gap between pt 3 & 5 is small compare to pt 1 & 3. is it matter? please clarifi for sake of me & learners of this pattern. regards.
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| Nifty Fut bearish WW 15 TF...is it valid? |
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