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| Discuss Observation of Trend during Bearish Mkt at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi guys, I just wanted to share my observation during Bearish Mkt trend. Pls let ... |
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#1
30th September 2008, 05:16 PM
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Observation of Trend during Bearish Mkt
Hi guys,
I just wanted to share my observation during Bearish Mkt trend. Pls let me know if this is true in your experience. (Pls observe the Figures) Observation : (Starting from Jan Top Sensex 21200) 1. First correction took 9 days and Sensex TOP/Int. bottom gives multiplier OF 1.382 2. Then upmove started which lasted for 10 days which gives a multiplier of 1.232 (just divide int. top by previous int. bottom) 3. Then Sensex dropped down for 31 days giving the multiplier of 1.287 4. Again mkt went up for 30 days to give multiplier of 1.208 5. Then MKT tanked again for 51days to give multiplier of 1.417 Till this stage mkt has given a perticular shape and from here onwards u will find a mirror image !!! 6. Now mkt went up for 30 days giving a multiplier of 1.215 (Compare with 4th step)  7. Mkt again tanked to form a new bottom which was today taking 34 days and a multiplier of 1.282 (Compare wit 3rd step) 8. If this is the int.bottom.... My guess is that mkt is in upmove to give us int. top of @ 15400 (compared with 2nd step) and will take little over 10 days to complete.  9. Then mkt may tumble down again to form a LONG TERM bottom @ 11000 which again would most probably take more than 10 days.... 10...LAST one observation from hereon mkt will consolidate for min. next 50 trading sessions to form a bottom... in this consolidation it may b possible that mkt may go below 11000 or maynot go. I have checked this mirror image with previous Bear Mkt during 1992 and 2000 You also check if its true to certain extent. All experienced people pls give your feedback on my OBSERVATION. If this observation is helpful You may get benefit out of it... since... it cud predict the future course of action..... HAPPY TRADING !!! Sanjyot 
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| The Following User Says Thank You to dsanjyot For This Useful Post: | ||
columbus (30th September 2008) | ||
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#2
30th September 2008, 05:25 PM
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Re: Observation of Trend during Bearish Mkt
Quote:
That means you have a target of 15400 on upper side and 11000 on lower side in next one month.A good observation and bold targets,let us see.
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#4
1st October 2008, 03:01 PM
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Re: Observation of Trend during Bearish Mkt
Quote:
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#5
7th October 2008, 01:55 PM
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Re: Observation of Trend during Bearish Mkt
Quote:
The intermediate bottom is now changed from 12153 to 11500 levels. Now if mkt closes @ 11900 level then this bottom seems to be confirmed. Next till 17th October U cud see impulsive Bear Mkt Rally which can go till 15000 !!!!):  At least I m hoping SO.... Lets see what happens. Also This seems to be forming a BULLISH WOLF WAVE in Intraday Chart. Happy Trading.
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