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#1
27th May 2007, 12:53 AM
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The Principle of Confirmation
Any views on Sensex and Nifty from Dow Theory point of view? Nifty has made an all time high, while Sensex is still about 300 points away.
ss Last edited by sunil saranjame : 27th May 2007 at 10:48 AM. 
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#2
27th May 2007, 10:49 PM
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Re: The Principle of Confirmation
Hi SUNIL,
true!!!!! let's see how the events unfold. Well, according to elliot waves, ( as per my readings)the present rally is a Corrective wave B to major 5 wave impulse which began in 2003. I anticipate the wave C as downward lasting till year end and serving as excellent buy oppor for long term. * this view is highly subjective and hence, buddy i trade on signals and not on view. Till now i have not got any short signal on daily and weekly charts. Regards, Winston
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