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| Discuss Elliott Wave based outlook for the NIFTY at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Excerpt from www.elliottwaveanalyst.com - (For 22/08/2006) There is a distinct possibility of ... |
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#1
21st August 2006, 05:23 PM
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Elliott Wave based outlook for the NIFTY
Excerpt from www.elliottwaveanalyst.com - (For 22/08/2006)
There is a distinct possibility of triangular activity over the last few trading sessions, giving rise to an exciting trading opportunity. The trade is to go short if the market moves up on 22nd August, to reverse later and go below 3334. The stop loss will be the high made in the process. Tighter stops can only be put in place once the wave structure of the downmove is seen. 
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#2
22nd August 2006, 05:32 PM
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Re: Elliott Wave based outlook for the NIFTY
From www.elliottwaveanalyst.com (23/08/2006)-
Yesterday, it was suggested to be ready for going short. The idea was based on the notice of triangular activity over the past few days. There was the customary upthrust post that triangle, after which the expected turnaround happened. Further, the following intraday update was sent to newsletter subscribers:
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#3
23rd August 2006, 10:34 PM
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Re: Elliott Wave based outlook for the NIFTY
From ElliottWaveAnalyst - 24/08/2006
A near perfect trade! The following sequence tells the story - * 21st Aug - End of day Newsletter suggests to get ready for going short * 22nd Aug - 10:40 am - Short on a movement below 3385 * 23rd Aug - 12:05 pm - Warning about correction nearing end. Exit placed at 3365 * 23rd Aug - 03:00 pm - Advise to exit shorts. Consequently, we managed to catch most of the 70 pts correction with a maximum risk of 15 pts in the worst case scenario. A nice little trade with as low risk as one could possibly get!
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#4
24th August 2006, 12:38 PM
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Re: Elliott Wave based outlook for the NIFTY
Quote:
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#5
24th August 2006, 04:35 PM
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Re: Elliott Wave based outlook for the NIFTY
Quote:
 But Hindsight trades are the best, aren't they?
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#6
24th August 2006, 10:12 PM
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Re: Elliott Wave based outlook for the NIFTY
Yes...things can be tweaked in hindsight....But the difficulty lies in sending out a newsletter "ahead" of events.
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#7
24th August 2006, 10:14 PM
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Re: Elliott Wave based outlook for the NIFTY
Quote:
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#8
24th August 2006, 10:46 PM
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Re: Elliott Wave based outlook for the NIFTY
Quote:
The thing about hindsight was a general comment.. not specific to you.
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#9
25th August 2006, 07:49 AM
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Re: Elliott Wave based outlook for the NIFTY
>> SO U Selling news letters?
Of course. What else? There is nothing new in this. Get people to be aware of the free newsletters. Go commercial when there is a critical mass. Till then, people who dont want to pay also benefit.
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#10
25th August 2006, 11:44 AM
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Re: Elliott Wave based outlook for the NIFTY
Quote:
Best Wishes for Your News Letter Regards Sanjay Last edited by SGM; 25th August 2006 at 11:54 AM.
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