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#1
31st March 2007, 11:26 PM
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Elliott wave update for Sensex
Hello friends,
i wont bore you wit hjust words, please see the three charts and it will be done!!!!! See: main 5 wave structure started from 2003. See: the main corrective Leg A in process after main 5 wave completion. See: internal structure of this Leg A See: the monthly support line which indicates Leg A could possibly terminate at 10900 to 11100 within April. From Monday wave 3 of corrective Leg A could begin as RBI concerns over inflation and would make money more costlier. Any comments welcome, Regards, Winston  Last edited by winstonn : 15th January 2008 at 08:27 PM. 
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#2
1st April 2007, 08:47 AM
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Re: Elliott wave update for Sensex
Nice work Winston!
ss 
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#3
1st April 2007, 09:39 AM
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Re: Elliott wave update for Sensex
hi Sunil,
thanxs for the words, people please note that the Main Leg A would get over on 5 wave completion and this indicates the start of Main Leg B ( upward corrective with 3 waves ), then Main C corrective ( 5 wave ). These Main waves i.e. Leg A , Leg B , Leg C could consume entire 2007. *nite: in the chart of Leg A internal, then Markings in the capital A, B , C are for 5 wave counts and still C , D, E would develope for completion of Main Leg A. Regards, Winston
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#5
1st April 2007, 10:42 AM
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Re: Elliott wave update for Sensex
Hi Tape,
Elliott waves when tried on intraday can be worst!!!!! Due to limited time for analysis , you could end up doining wrong things most of the time since elliott waves are highly subjective. Ok, here is wht i have a method for intraday elliott wave trading and it is one of the most profitable method. I have also attached the chart for Nifty 10 min : 1) mostly Head and Shoulder pattern is associated with wave 3 ending onwards. This is not a rule !!!!! 2) So , the trick is whenever you screen H & S pattern , also look the previous move and see if the move had wave 1 , 2, 3, 4, 5 impulsive pattern. + H$S at top. 3) Just dont enter on break of neckline , let there be first break , and then 2nd attack on neckline. 4) your target is anywhere from peak of wave 1 to trough of wave 4. oppo for inverse H$S. regards, winston Last edited by winstonn : 15th January 2008 at 08:27 PM.
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#8
1st April 2007, 11:14 AM
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Re: Elliott wave update for Sensex
Hi, i trade stocks that are not very liquid. zee ent and ind infoline are my fav. i keep an eye on nifty, and when it swings( mostly just after 1 pm), i look for big volumes on either of them. my stop is 2 ticks below from where the move began. i hardly get one or two setups in a day and if i miss em, i quit. peace..
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#9
1st April 2007, 11:50 AM
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Re: Elliott wave update for Sensex
Quote:
Nice explanation.
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#10
1st April 2007, 12:43 PM
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Re: Elliott wave update for Sensex
Question on icharts.in:
How did u plot the 10min nifty data using icharts.in. I am only able to see the daily and weekly as options. Is it some other paid service or u have clubbed the icharts with some other software?
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