Re: Elliottwavecount for SENSEX
Hi Amitt29,
Thanks.Tony caldaro is a fine elliottician.He has been awarded
Technician of the year award before and has been analysing markets since
early 1980's. It was in fact me, who prompted him to analyse bse sensex,
and include it in his long list of markets he track. We have exchanged ideas
about wave analysis a couple of times about sensex. He has developed a slightly different way of analysing elliottwave which he calls, "objective elliott
wave". He also offers one to one lessons on his proprietry objective elliott wave. But the cost is bit on the higher side for us.
Regarding, similarity about
wave count on sensex. For short term, we agreed that sensex was looking
toppish and in fact it was and it turned direction. On longer time frame we
have slightly different views. Tony's view is that , sensex has finished wave
3 of V and so wave 4 and 5 are still to go.He do not talk about any alternate
wave count . My position is that either we are in the last wave 5th of 5th that is the last wave of the whole rise since 2001. Or as an alternate wave
count we are in wave 3rd of 3rd of last wave 5. The differece crops up due
to the relative wave position or count of nse nifty. I had discussed this problem in detail on my blog " the problem wave count".
http://spaces.msn.com/sensex-nifty/
Tony caldarow's blog link is
http://spaces.msn.com/caldaroEW/
Regards,
vinay