iCharts Discussions

ktpillai · White Belt Joined: 23 Nov 2007 Posts: 95

Hi friends,
I am presenting here the view of a world famous Eliott Wave Analyst on Sensex.Members are requested to express their views on the subject.My question is will this rally be over at the first potential target at 38.2% or will it achieve 61.8% which is the next potential target?

SwingTrader · Posted: Fri Nov 30, 2012 8:49 am Post subject:

ktpillai,

I too follow Ramki Ramakrishnan's posts and have a copy of his great EW ebook, he is one of the best in EW analysis. I think the market is already on its way to #5 marked on his chart, this scenario (one of the few he posted) might already be coming into play.

His website is http://www.wavetimes.com/

The article mentioned by ktpillai is here: http://www.wavetimes.com/elliott-wave-analysis-of-indias-sensex-october-2012/

MILANCHN · White Belt Joined: 12 Mar 2009 Posts: 105

once wave 5 over- we expect a sharp cut down?
as per the chart given