Bearish Gartley on Nifty

satish_thopil · #31 10th January 2007, 06:22 PM

the gartley pattern is working, thanks for that info, market still looking bearish. lets see what the infosys result will have on market tommorrow.

swagat86 · #32 10th January 2007, 07:15 PM

Quote:

Originally Posted by Czar

nope 3854 breached on closing basis, some pull back expected on friday i guess or from thu late, dead cat bounce ? remember guys this is not India specific but the world seeming to peak, anyways 5 straight down days, lets see when it bounces, thing is this fall is worst than the 500/p.day fall last month cause people are being trapped due to gradual fall, correct me but i heard on this forum somewhere the E.wave 5 fall is gradual ?

Ur right Czar, it breached on clsoing basis. Yes this kind of fall is like Slow poisoning. Remember the Mid and Small caps were rallying contuously for the first 2 days of this 4 day fall, and even Yseterday. This is a hallucination. We must not forget that the mid and snallies cant rally too longer with the Benchmark falling heavily everyday.

Thanks

swagat86 · #33 10th January 2007, 07:19 PM

Quote:

Originally Posted by satish_thopil

the gartley pattern is working, thanks for that info, market still looking bearish. lets see what the infosys result will have on market tommorrow.

A bounce may come with the Extention near 50% mark on the Fibo. But still hav to keep a close watch for us to know whether this pull back is temporary.

Thanks

winstonn · #34 11th January 2007, 12:46 AM

Hello all friends,

i surfed on net and found out on gartleys.

Have attached two charts. Please see first of Sesa goa and then ABB

In sesa goa , Bullish gartley was formed , ohh! we missed the oppor.
Well, here price AB retraces price XA not more than 61.8%
price BC retraces prive AB between 61.8% to 78,6%
price CD retraces price BC between 127% and 161.8%

so a bullish gartley is verified.
And see the spectacular runup in sesa goa.

Opposite for bearish gartley in ABB

thanxs

winston

Czar · #35 11th January 2007, 01:13 AM

ABB looks more like a H&S to me ?

Linus · #36 11th January 2007, 09:07 AM

Winston,

Very good work on Gartley pattern. May I use your Sesa Goa chart on my blog?

Best regards,

Sunil Saranjame.

winstonn · #37 11th January 2007, 12:01 PM

hi sunil,

you can surely post it on ur blog!!!!!!

thanxs
winston

swagat86 · #38 11th January 2007, 03:07 PM

Quote:

Originally Posted by swagat86

A bounce may come with the Extention near 50% mark on the Fibo. But still hav to keep a close watch for us to know whether this pull back is temporary.

Thanks

cool bounce back, isnt it???

kkseal · #39 17th January 2007, 01:23 AM

Thanks Swagat You have added another weapon to my arsenal - the Gartley. Keep posting more on such patterns.

Regards,
Kalyan.

Czar · #40 17th January 2007, 01:38 AM

was'nt the nifty pattern a failed Gartley ?

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