Bulls Ready to Ride

kkseal · #11 21st January 2007, 03:15 PM

Quote:

Originally Posted by RSI

Hi Kalyan and Swagat,
Are you sure that it is a Wolfe Wave? From what I have studied (or what I have been told - that would be a better way to put it) the movements between point no. 1 & 2 and 2 & 3 and 3&4 are more or less straight line movements. I mean a striaght line up or down. Not a step by step movement. Up a bit down a bit again up a litttle, down a little and moving like this in between any of the points described above. Please note there is no such straight line movement of sensex since December 2006. It is a staggered move. So do we really have a Wolfe Wave here? I am not an expert on Wofe Wave. Trying to learn it.

I too am far from being an expert. In fact only learnt about it yesterday.

There is a thread on Wolfe wave but the experts there haven't posted for a long time.

Nonetheless, i do hope you are right. The Gartley that developed between 12801 & 14060 might actually turn out to be the saviour! (by spoiling what would have otherwise been a str line move between pts 2 & 3).

Regards,
Kalyan.

toxicexpulsion · #12 21st January 2007, 04:09 PM

can someone post a chart about the sensex wolfwave. Thanks

kkeskar92 · #13 21st January 2007, 05:59 PM

Hi,
The candlestick on 19-1 is looking bearish with its price spread and high volume.For the last three days, nifty has bearly increased but the volume is high.....seems to be the temporary distribution phase from funds.The support is at 3940 below which bearish trend will start.----KK

swagat86 · #14 21st January 2007, 07:30 PM

Quote:

Originally Posted by toxicexpulsion

can someone post a chart about the sensex wolfwave. Thanks

Iv the one on Nifty.
http://bp1.blogger.com/_w2oUndqfeWc/...0107+Daily.png

Quote:

Originally Posted by kkeskar92

Hi,
The candlestick on 19-1 is looking bearish with its price spread and high volume.For the last three days, nifty has bearly increased but the volume is high.....seems to be the temporary distribution phase from funds.The support is at 3940 below which bearish trend will start.----KK

Dark Clound Cover formation, which is bearish.

kkseal · #15 21st January 2007, 11:17 PM

Quote:

Originally Posted by swagat86

Iv the one on Nifty.
http://bp1.blogger.com/_w2oUndqfeWc/...0107+Daily.png

Dark Clound Cover formation, which is bearish.

The only saving grace is the volumes were not high.

BTW Swagat, is that Nifty chart in Log scale?

Regards,
Kalyan.

adec1023 · #16 21st January 2007, 11:41 PM

And all this in simpler terms --layman's wud mean
BUY tomorrow or not ?

or
Buy till sensex reaches 3950

or
if the market ends at a lower note just sell all you have

or
WHAAAAAAAAATTTTTTTT!!!!!!!!!!!!

kkseal · #17 22nd January 2007, 12:06 AM

Quote:

Originally Posted by adec1023

And all this in simpler terms --layman's wud mean
BUY tomorrow or not ?

or
Buy till sensex reaches 3950

or
if the market ends at a lower note just sell all you have

or
WHAAAAAAAAATTTTTTTT!!!!!!!!!!!!

Well i'm not much of an advisor Still learning myself.
(And don't trade intraday).

For tomorrow i think to begin with the bias will be down. Support will be around 14070 on the Sensex & 3945 on the Nifty. Break & close below these levels will certainly be bearish.

Whether to 'just sell all you have' depends on how long you are willing to hold. Even after an intermediate correction there will be upmove well past 15k.

Regards,
Kalyan.

swagat86 · #18 22nd January 2007, 12:39 AM

Quote:

Originally Posted by adec1023

And all this in simpler terms --layman's wud mean
BUY tomorrow or not ?

or
Buy till sensex reaches 3950

or
if the market ends at a lower note just sell all you have

or
WHAAAAAAAAATTTTTTTT!!!!!!!!!!!!

Hmmmm.... Cant predict buddy. But seems down to me.

Lets c

I will ask the person who's blog it is, no idea abt the scale.

kkseal · #19 22nd January 2007, 01:31 AM

I may add that resistance to an upmove would be around 14400 - 14500

Regards,
Kalyan.

swagat86 · #20 22nd January 2007, 11:15 AM

Careful Careful Careful

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