iCharts Discussions

[JAMDAGNI7557]

HI ALL, NOW SELLING NIFTY WITH STOP-LOSS OF 5500 LOOKS A GOOD IDEA.

[JAMDAGNI7557]

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[manu_5123454]

yes u r right according to the chart. but question is if the recent high is 5th wave then we may see more downtrend pattern below 4800 level to 4300 levels .

so we have to see that 5100-50 levels which is the strong support and below this i will sure that for the 5th wave on the basis of Ellott wave Theory.

[pradeepgolfer]

Dear Manu
If you keep questioning you will not ever take a position.You can get an extension of the 5 wave, so a 5 wave is not the end of the world.An extension of the 5fh wave extension is also quite common.
Prechter the king of elliot wave has been wrong since 1987.

There is not one lower low visible on the chart.

Decide for yourself

[manu_5123454]

Dear pradeep,

if u r not believeing on EW ( elliott wave ) so lets challenge with me , what do u say?

i am very bullish on gold from this level tgt. 1244-50 levels on comex

wait for few times (max 1-2 month) u will see DOW wil be creat new low near 9000-8900 levels

copper will creat new low after 1 month tgt. 280-270levels then u see 350-70 levels again.

NIFTY may fall from this level to 5250-80 levels ( in this case Upside min. 5650 but downside max. til 4000-3600 and 2011 year should be down trend )


( Prechter the king of elliot wave has been wrong since 1987 ) who did u say that he is wrong .

He is the only man who told that all market should be bounced in 2009 ( when the all markets was trading in lower low )

EW is not for day trading , it is very much useful in mid term as well as in Long term also. i think it is only one method u can predict for long term trend very easily

and if u r talking about the fault in EW then everybody is doing fault so don't be mention here ----- he is wrong since 1987.

i have many proof that he is right

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[manu_5123454]

according to EW-- infosystech sould touch 2670-90 levels for the C wave then see upward min. 150 point

and tatasteel sould touch 450 levels after some days

[pradeepgolfer]

Nifty will make all time high this year. In august nifty will cross 5600.
This will be here for eveyone to see.

Let us see who is right.

[manu_5123454]

i am not worried about the 5600 to 5700 levels.

but u told that ( all time high ) ,

so according to me its impossible , evry uptrend pattern has correction means i am just waitng for 4000 levels before touch all time high

[manu_5123454]

dear pradeep,
as i told u before buy gold---when the Comex gold was trading near 1180 levels & given tgt. 1244 in few days .

but now u can see comex gold is trading near 1242 levels . it's all possible by EW theory ( elliott wave) . so what do u think it's wrong.

EW theory is based on----Fibonacci method
Fibonacci is based on ------Mathematics
Mathematics-----u know very well.

so don't never say ----indicators or EW theory is value less

and as u told that u have knowleadge in EW theory but according to me u have 2% knowleadge in EW, indicators.etc.