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| Discuss Elliott wave update for Sensex at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by ssprasad Question on icharts.in: How did u plot the 10min nifty ... |
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#11
1st April 2007, 01:09 PM
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Re: Elliott wave update for Sensex
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Just become a registered user of ichart, then you can also view 10 min chart Regards, Luckytrader 
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#12
1st April 2007, 08:13 PM
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Re: Elliott wave update for Sensex
Hi Winston,
Just two doubts with regard to support picture posted by you. Especially with regard to the trendline. Will it not be better if we take logarithmic scale instead of arithmatic scale (as you have done) especially when the price (I mean sensex points in this case) covers such a large range from 3000 to 15000? See the image posted by me below on logarithmic scale for the same period as I have done. Secondly, will it not be better to draw trendline from the begining of a trend such as from the bottom of wave 2 or bottom of wave 4 rather than from the middle of a trend that too from throwback bottom? I am just trying to learn things. Regards R. S. Iyer Last edited by RSI; 7th February 2008 at 02:39 PM.
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#14
1st April 2007, 09:38 PM
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Re: Elliott wave update for Sensex
Come lets all short the Nifty and Sensex for a targets of 2600/9000 on the Nifty/Sensex. Even 1 lot(rolling over 3m fut) will yield Rs60K ! based on this forecast!
Last edited by soody; 1st April 2007 at 09:44 PM.
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#15
1st April 2007, 10:44 PM
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Re: Elliott wave update for Sensex
Hi RSI,
good question, log scales , i prefer to use for grand cycle degrees. Just a wave started from 2003 should not be applied log scale. And secondly, we are drwaing trendline not from bottom of wave 2 to 4 because we are not looking for largerer corrective wave support, but we are looking for Leg A support which is a part of the correction. Regards, Winston
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#18
2nd April 2007, 05:46 PM
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Re: Elliott wave update for Sensex
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