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Elliott Wave theory - why does it work?

Discuss Elliott Wave theory - why does it work? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; UASISH, agree with ur elliott analysis. My setup is about to give buy on monthlychart, ...


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  #171  
Old 6th July 2007, 12:45 PM
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Default Re: Elliott Wave theory - why does it work?

UASISH,
agree with ur elliott analysis. My setup is about to give buy on monthlychart, has given buy on weekly and short term overbought on daily.
Means this pullback on dailycharts is an excellent buy.
keep up the good work.

aman1
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  #172  
Old 7th July 2007, 12:38 PM
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Default Re: Elliott Wave theory - why does it work?

dear amit

Thanks for the reply. Could you throw some light on the current nifty spot elliot wave count. Are we in subminuette wave 5 from 4311.80? Do you agree with me. If so what is the projected target for spot nifty wave 5 end.

After completion of subminuette wave 5 which subdivision shall come. Please help a si am struggling with the wave count.

Thanks
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  #173  
Old 10th July 2007, 11:37 AM
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Default Re: Elliott Wave theory - why does it work?

Eveready Industries ,my earlier Buy has given a (+) 21 % profit ,however this time bought yesterday @ 52.35 is now only at (+) 1.05 % ,which can be negative any time,let us see.
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  #174  
Old 10th July 2007, 01:13 PM
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Default Re: Elliott Wave theory - why does it work?

I will buy more if i get below 52.35 to-day (Look at the Huge Vol)
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  #175  
Old 23rd July 2007, 03:52 PM
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Default Re: Elliott Wave theory - why does it work?

To-day once again EW knowledge was beneficial ,for those who knew that the Max Tgt for Down Impulse after completion of 5th Up is few pips above the last established 4th Low.
Look at ND TV Fut & see to-day's Low.
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  #176  
Old 23rd July 2007, 04:05 PM
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Default Re: Elliott Wave theory - why does it work?

Quote:
Originally Posted by uasish View Post
... the Max Tgt for Down Impulse after completion of 5th Up is few pips above the last established 4th Low.
...
No. Although the correction following 5 waves up stays around previous wave 4 pivot "usually", its not the maximum target.

Praveen.
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  #177  
Old 23rd July 2007, 04:13 PM
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Default Re: Elliott Wave theory - why does it work?

Right Bvp,but if it breaks the earlier 4th then the alternate analogy ,you are right it is "Usually" not the Max Tgt,but if you knew that in advance what would have been your SL for Long ( obviously below earlier 4th) in ND TV Fut,now see to-day's Low & earlier 4th's Price ,& see to-day's ND TV Fut's closing price ,with respect to r/r ratio & EW a Trade worth taking.
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  #178  
Old 27th July 2007, 10:49 AM
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Default Re: Elliott Wave theory - why does it work?

Eveready Industries (+) 0.3 % Nifty (-) 103 points.
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  #179  
Old 27th July 2007, 10:53 AM
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Default Re: Elliott Wave theory - why does it work?

Aztec Software is to be watched about to complete it's 5 Down Waves.
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  #180  
Old 27th July 2007, 12:02 PM
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Default Re: Elliott Wave theory - why does it work?

Eveready could not withstand this huge Nifty's (-) 161.80 points .Placed SL at 48.45 now.
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