Elliottwave count for SENSEX

amitt29 · #**121** 4th October 2006, 05:20 PM

Hi Tony,Very Good call Sir.
You have been bang on target on all markets.Though i had thought markets(here)topped out in the 3rd week of Sep.But u were precise on the timing.

Good going Sir.
Warm Regards
Amit.

caldaroEW · #**122** 7th October 2006, 11:29 AM

Hi Amit,

Thank you!
I've been noticing your comments on Yelnick. That is you right?
Good calls on the DOW.

Just posted this:
"The BSE appears to be topping. I can count five waves up from the correction lows. But this last wave may only be a small part of the last fifth wave. With negative divergences it remains a very risky index as all my TA suggests a developing bull market top."

take care!
Tony

srisara · #**123** 7th October 2006, 03:10 PM

Quote:

Originally Posted by caldaroEW

Hi Amit,

Thank you!
I've been noticing your comments on Yelnick. That is you right?
Good calls on the DOW.

Just posted this:
"The BSE appears to be topping. I can count five waves up from the correction lows. But this last wave may only be a small part of the last fifth wave. With negative divergences it remains a very risky index as all my TA suggests a developing bull market top."

take care!
Tony

Tony,

let me congratulate you on your blog. You have provided the info very nicely.

Aslo, thanks for sharing your knowledge with us in the forum.

Cheers!
Satya

amitt29 · #**124** 7th October 2006, 03:37 PM

Quote:

Originally Posted by caldaroEW

Hi Amit,

Thank you!
I've been noticing your comments on Yelnick. That is you right?
Good calls on the DOW.

Just posted this:
"The BSE appears to be topping. I can count five waves up from the correction lows. But this last wave may only be a small part of the last fifth wave. With negative divergences it remains a very risky index as all my TA suggests a developing bull market top."

take care!
Tony

Yes Sir,that is me.Thank you for your appreciation,it feels nice.
Mr.Yelnick is running a fine blog.
Saw your blog,i read them religiously,you are doin a selfless job for a lot of ppl.That is very nice of you.

Warm regards
Amit.

ddesa · #**125** 8th October 2006, 11:01 AM

Hi Guys,

I can't claim to be an Elliott Wave expert but from what I've read on this thread and the way past patterns repeat, I am amazed that all and sundry seem to be so bullish.

I think Tony has got it right (and he probably is impartial being just an observer) and the market has a good chance of heading back from where it came... but thi time probably in a more dignified fashion!

I could be totally wrong- and I hope so- but I think caution is the need of the hour.

Dhiren

ddesa · #**126** 8th October 2006, 11:12 AM

Hi Guys,

I can't claim to be an Elliott Wave expert but from what I've read on this thread and the way past patterns repeat, I am amazed that all and sundry seem to be so bullish.

I think Tony has got it right (and he probably is impartial being just an observer) and the market has a good chance of heading back from where it came... but thi time probably in a more dignified fashion!

I could be totally wrong- and I hope so- but I think caution is the need of the hour.

Dhiren

Spiderman · #**127** 8th October 2006, 12:57 PM

Hi tony,
Thanks for your analysis. if I remember you had said the same thing in mid september. As you said this market is concluding and this is also the view of the original starter of this thread Mr. vinay who thinks bull market should form a top many month later not now. Both of you have slightly different styles but you are both agreeing on formation of top though not timing of this top.

spiderman

caldaroEW · #**128** 8th October 2006, 11:47 PM

Hi spiderman,

In September I stated that the Sensex should make new highs. I had remained bullish (long term) throughout that nasty correction, and up until recently. I'm not convinced that the last wave is done. But it is dangerous be to long at these levels.

tony

Spiderman · #**129** 9th October 2006, 08:15 AM

Hi tony,
you are correct. The headline was something ' India bull market concluding'.
thanks,
spiderman

Czar · #**130** 9th October 2006, 07:56 PM

Quote:

Originally Posted by ddesa

Hi Guys,

I think Tony has got it right (and he probably is impartial being just an observer) and the market has a good chance of heading back from where it came... but thi time probably in a more dignified fashion!

Dhiren

You may be correct but one thing is for sure Indian Markets could never fall in a dignified way.. the corrections are so waited for & dried that when the come they fulfill your wishes for many a corrections to come...

Mr. Tony - My compliments sir... spot on always.. through the -ve divergences could the Indian Markets manage a new top as mentioned by you earlier ?

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