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

in a range. right now on the upper end of it.

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

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.....

All tech analysts give views using "IFs and BUTs" ;-)

There are no outcomes, market is in a perpetual state of deja vu.

There is no bullish or bearish, there is 'making money' or 'losing money'

Lose his money to the informed trader


Doesnt really matter, market will move in a way to prove the majority wrong.


If trends are departure from randomness then there are no absolute trends and hardly current.

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

he does not imply that. the price action implies that
(http://www.traderji.com/technical-analysis/21648-knowledge-power.html#post177462)

Thanks...got it now.