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Are we in a fresh trend ? Or we are last face of Elliott wave

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  #1  
Old 19th May 2008, 02:14 AM
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Lightbulb Are we in a fresh trend ? Or we are last face of Elliott wave

Many experts gives 50/50 chances to both these after seeing eod of last week .
Were u guys stay
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  #2  
Old 19th May 2008, 09:00 AM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

in a range. right now on the upper end of it.
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  #3  
Old 19th May 2008, 09:09 AM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

the immeadiate resistance for nifty will be between 5160 to5200 then resistance wil be 5300 area
if it goes down the support will be 5032 area. if goes down 5020 more down side
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  #4  
Old 19th May 2008, 09:27 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

friends , its very easy 2 give a two way view of the mkts ....that this is the resistance......if crossed.....then this.....& this is the support.....if breached....then this......
but inside this band , what is the outcome?
bullish or bearish ????
what should a normal trader do ?
go long or short....?
charts should b such that it should define one & only absolute current trend........
if its up ,forget the resistances.....they will b taken care by the mkts itself & vice versa.....
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  #5  
Old 19th May 2008, 11:58 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

All tech analysts give views using "IFs and BUTs" ;-)
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  #6  
Old 20th May 2008, 06:05 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

Quote:
Originally Posted by sudoku1 View Post
but inside this band , what is the outcome?
There are no outcomes, market is in a perpetual state of deja vu.

Quote:
Originally Posted by sudoku1 View Post
bullish or bearish ????
There is no bullish or bearish, there is 'making money' or 'losing money'

Quote:
Originally Posted by sudoku1 View Post
what should a normal trader do ?
Lose his money to the informed trader


Quote:
Originally Posted by sudoku1 View Post
go long or short....?
Doesnt really matter, market will move in a way to prove the majority wrong.


Quote:
Originally Posted by sudoku1 View Post
charts should b such that it should define one & only absolute current trend........
If trends are departure from randomness then there are no absolute trends and hardly current.
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  #7  
Old 20th May 2008, 06:24 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

Quote:
Originally Posted by CreditViolet View Post

Lose his money to the informed trader
Hi CV,

By 'informed', do you imply the one who is well prepared and well equipped or
the one having some kind of information not available to others in general. Please let me know.

Great to see your posts after a long time,will surely get to learn something.

Rakesh
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  #8  
Old 20th May 2008, 06:29 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

Quote:
Originally Posted by rakeshluthra430 View Post
Hi CV,

By 'informed', do you imply the one who is well prepared and well equipped or
the one having some kind of information not available to others in general. Please let me know.
he does not imply that. the price action implies that
(http://www.traderji.com/technical-an...tml#post177462)
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  #9  
Old 20th May 2008, 06:59 PM
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Default Re: Are we in a fresh trend ? Or we are last face of Elliott wave

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Originally Posted by trader111 View Post
he does not imply that. the price action implies that
(http://www.traderji.com/technical-an...tml#post177462)
Thanks...got it now.
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