Traderji.com - Discussion forum for Stocks Commodities & Forex

Sensex topping out??

Discuss Sensex topping out?? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Ajax, Really good analysis.How long are you using this discipline of Technical analysis? It ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > METHODS & STRATEGIES > Technical Analysis

Notices

Technical Analysis Discussion of all the principles involved in technical analysis.


Advertise Here

View Poll Results: Is wolfe setup ok?
Yes 20 76.92%
No 3 11.54%
Dont know 3 11.54%
Voters: 26. You may not vote on this poll

Reply
 
Thread Tools
Sponsored Links
  #11  
Old 23rd May 2006, 09:12 PM
Member
 
Join Date: Nov 2005
Posts: 44
Appreciation: 20
Disciple is on a distinguished road
Default Re: Sensex topping out??

Hi Ajax,
Really good analysis.How long are you using this discipline of Technical analysis? It would be great help if you keep up posting wolfewave formations in this thread.That would be a good learning opportunity.
Thanks again.
Disciple.
Reply With Quote
  #12  
Old 14th June 2006, 06:39 PM
Member
 
Join Date: May 2006
Posts: 238
Appreciation: 20
gobatman2001 is on a distinguished road
Default Re: Sensex topping out??

Dear Ajax,

Would be be able to please start a tutorial on the basics of Wolf Wave analysis. Something like what Saint has started, the url for which is : http://www.traderji.com/trading-tech...html#post47698

This would really educate us.

Thanks & regards,
Reply With Quote
  #13  
Old 14th June 2006, 09:52 PM
Member
 
Join Date: Nov 2005
Posts: 832
Appreciation: 20
Agilent is on a distinguished road
Default Re: Sensex topping out??

Quote:
Originally Posted by Ajax
BSE SENSEX, NIFTY, JR NIFTY , all are showing ? wolfe wave formation on daily charts. If it is indeed Wolfe wave set up then the target is < 9000 for sensex or touch down to red trend line. Please comment. Only price action matters. Nothing else.
(Above posted on 12 May ... and see http://finance.*****.com/q/bc?s=%5EB...off&z=l&q=l&c=!!)

Hi Ajax

I don't know (and don't care) what others may have to say (or ignore) but this is by far the most accurate call I have seen being made anywhere about the Indian markets

Congrats..

Waiting to hear more from you in these unsettlling times

AGILENT
Reply With Quote
  #14  
Old 14th June 2006, 11:23 PM
Member
 
Join Date: Apr 2005
Location: Saudi
Posts: 841
Appreciation: 20
srisara is on a distinguished road
Default Re: Sensex topping out??

Quote:
Originally Posted by Ajax
BSE SENSEX, NIFTY, JR NIFTY , all are showing ? wolfe wave formation on daily charts. If it is indeed Wolfe wave set up then the target is < 9000 for sensex or touch down to red trend line. Please comment. Only price action matters. Nothing else.
Ajax,

This looks to be very intresting subject, which I have just started reading now.
As we say Nature balances everything in Life. For Example, When a Volcano Erupts, all the surroundings next to it get destroyed and burnt out.

But after many days and months, you see new Life coming from the ash.

Even after a draught, rains come and give plenty of water for people to sow seeds and raise crops.

If properly applied (Balance Theory), this could be one of the Best Tool one can have.

Satya
Reply With Quote
  #15  
Old 20th June 2006, 06:56 PM
Member
 
Join Date: Jan 2005
Posts: 41
Appreciation: 20
Sanjay123 is on a distinguished road
Default Re: Sensex topping out??

Ajax have become a superstar... I think he's cautious about throwing off another prediction because that may BUILD or distroy his reputation .... Gaining it is true hard and gained one is true valuable... that's why experts don't talk too much .... And once cricketers gain immense popularity and achievements... they take retirement ....Anyway hats off for Ajax... you really did a great job dude.... enough to restrengthen my faith in technical analysis.... Regarding stocks, I feel stocks are just as mere footballs thrown in the field for people to kick them high and low... Once a stock has delivered funds to the issuing company, what's in it for the company? : ) .... Anyway I truly hope Ajax won't retire for now.... Cuz the market is yet to get stablize and then lot of work ahead to do... Ajax... Keep it up brother...

Keep this time of volatility aside... the true fact is... stocks move 4% up in 1 hr and then go 3% down....it's all about these freely floating footballs in the field that's no man's footballs.... now its up to the mob to kick them hard higher or take them lower... it's all the trends game....

The morpheous in matrix said "Do you believe that my being stronger or faster has anything to do with my muscles in this place? Do you think that's air you're breathing now?" .....

I say ...... "Do you believe that a company being stronger or faser has anything to do with it's stocks in this market?Do you think that's company's value you're holding now?"...... Haha.... sorry to reveal the truth folks... but truth is truth... and the truth is... stock markets are the biggest place of making huge truckloads of money in this world... There's no other business that can give you that fast profits or losses.. Now it's up to you how you go about it... Anyway, I can only show you the door. It's YOU who have to walk through it.

Regads for all,
Sanjay.
Reply With Quote
  #16  
Old 5th January 2008, 10:58 PM
Member
 
Join Date: May 2006
Posts: 478
Appreciation: 36
Ajax is on a distinguished road
Default Re: Sensex topping out??

Dear all

Looks like its yesterday once more....

SENSEX & NIFTY both forming Wolfe waves (bearish) again.
Infact 4TH leg is in progress. Big correction is in offing.
Take care
Die hard bulls (like me) be cautioned & maintain strict SL

regards

Ajax
Attached Images
File Type: gif BSESEN_NIFTY Wolfe.GIF (25.3 KB, 93 views)
Reply With Quote
  #17  
Old 5th January 2008, 11:13 PM
Member
 
Join Date: Feb 2007
Posts: 465
Appreciation: 38
rajaram.dilipkumar is on a distinguished road
Default Re: Sensex topping out??

Quote:
Originally Posted by Ajax View Post
Dear all

Looks like its yesterday once more....

SENSEX & NIFTY both forming Wolfe waves (bearish) again.
Infact 4TH leg is in progress. Big correction is in offing.
Take care
Die hard bulls (like me) be cautioned & maintain strict SL

regards

Ajax
good analysis ajax...
Reply With Quote
  #18  
Old 6th January 2008, 01:33 AM
Moderator
 
Join Date: Nov 2005
Posts: 7,572
Appreciation: 65
uasish will become famous soon enough
Default Re: Sensex topping out??

This is what Nifty Fut EoD & Wkly says with Trendlines.
Attached Images
File Type: png Nifty Fut EoD with trendlines.PNG (72.6 KB, 58 views)
File Type: png Nifty Fut Weekly with same trendlines.PNG (70.3 KB, 36 views)
Reply With Quote
  #19  
Old 6th January 2008, 04:49 AM
Member
 
Join Date: Jan 2008
Posts: 9
Appreciation: 13
gaurav108 is on a distinguished road
Default Re: Sensex topping out??

dear Ajax,

Thanks for the great analysis....
do u suggest its a good time for buying some nifty puts...?
Reply With Quote
  #20  
Old 6th January 2008, 05:33 AM
Moderator
 
Join Date: Mar 2006
Posts: 790
Blog Entries: 1
Appreciation: 38
marcus is on a distinguished road
Default Re: Sensex topping out??

it has nothing to do with wolfe wave, if you look hard enough you'll see wolf's everywhere, just remember that the next time you look at a chart, the reason is the Dow has lost a lot the us indices are deep in the red so are most of europe and latin america, infact on the 4th I was expecting the nifty to lose ground but unexpectedly it gained, just a few asian markets were able to withstand the bearish effect. When most of the world indexes have lost ground how long do you think we would be able to stand our ground? Its well known we're currently the strongest market in the world, even Van Tharp has acknowledged this in his latest news letter, but remember we can't hold out against the world for very long.
Reply With Quote
Sponsored Links


Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads for: Sensex topping out??
Thread Thread Starter Forum Replies Last Post
Know All about SENSEX anubak Technical Analysis 19 18th March 2008 09:20 PM
sensex devrajsamin Introductions 0 7th March 2005 09:52 PM


All times are GMT +5.5. The time now is 02:36 PM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum Rules Disclaimer & Disclosure and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © 2001 - 2008, Traderji.com All Rights Reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com