Time of Caution : Elliott Says it

Hello all of you,

Below are possible elliott wave counts.

Well, according to the counts , Sensex may run up more couple of DAYS and possibly reach 15,000 near value.

However , Elliott wave counts suggests that Sensex is in 5 of Final 5

I am not astrologer to predict the top, but am quite sure that top is near to us.

Once, this 5 of final 5 of primary 1 is complete , would take markets to sideways to down for entire 2007.

Now , sensex seems to be in sub corrective 4th of 5 of final 5.

Be cautious is the only word from my side.
Long term investors will get a better opportunity by this year end.

Thanxs
winston

Hey how do you associate Elliot Wave to actual index movt?

Whenver I try it, I can see 100s of possibilities of different Elliot Waves on the same graph.

:-s


Really confused.

hi,

you are right!!! elliot waves are highly subjective. But i also do use neowaves by Glenn Neely , it is a cut above elliott waves and narrows down the possibilities!!!!! it is pure objective based.

thanxs
winston

Well i believ that vr into the last phase of this bull run. For now im lookin @ 4297 as the end of it. Although iv also enclosed my viewpoints in image.

Go thru the Charts pls .

http://ifs2.imagefly.info/v/bd/png/wave 5 4297 and end.html

http://ifs2.imagefly.info/v/5c/png/Wave 5 On Nifty.html

http://ifs2.imagefly.info/v/ff/png/Trend chnnel.html

Rober Fisher in His book has mentioned two ways to identify the end of Wave 5. One is trend channel and other is Fibs.


Pls take a look.


Comments Welcome