Recent content by joy_verma

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    INDIAIn Bear Market? An Elliottwave Analysis

    INDIA: A BEAR MARKET? Everyday we hear economists, analyst and media persons trying hard to find answer to a common question: is india in bear market. They are trying hard to find the elusive bottom of this ongoing market correction. Investors are trying hard to find value picks in this...
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    Elliottwave count for SENSEX

    hi Amit, sorry I dont know any publisher where you could get neely's mew. why dont you take prints of pdf . vinay
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    Elliottwave count for SENSEX

    Hi, The action of week says we are at a crucial stage to finish the corrective wave from 8799 on sensex 2596 on nifty. We are surely in (c) wave of b (circled) if the proposed count for these indices is correct . The natural support on the downside is between 2667 and 2307 for nifty and...
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    NIFTY FIFTY

    The down scenario is well drummed into our heads by the media and a few members here as well. well it is satisfying to get out at top and enter a bottom . But still we are not out of woods completely . Though I am fully invested from 8800 levels and will be having a hard look at my trades;)...
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    Elliottwave count for SENSEX

    Hi Amit, If I consider your first count that will mean an expanded flat correction. then wave A is smallest wave B is bigger and wave C biggest. All three are out of proportion size wise . moreover I find it difficuilt to count five waves from...
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    Elliottwave count for SENSEX

    This is possible. But look at larger time frames monthly or qurertly and the answer is obvious.
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    Elliottwave count for SENSEX

    hi Amit, May be a possibility . But if a wave is a flat then it also carry the possibilty of completed wave 4 as well. Moreover I am not very sure about this. vinay
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    Elliottwave count for SENSEX

    hi gvn, correct . it's 1992 not 1991. with regard to your wave B query here is what Tom denham wrote to me : ''Thank you for sharing the view of the RBI Share Index. it seems to me that our overall wave counts are comparable. I would have counted the September 1994 top of the RBI...
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    Elliottwave count for SENSEX

    Hi, Last week I had mentioned the possibilty of one more downside push for sensex on daily charts to complete the five waves down. Sensex accordingly made a new low of 8799.01 and bounced back in style more than 1000 points in the last two days of the trading week . This new low now completes...
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    Elliottwave count for SENSEX

    hi Munchikana, The wave picture is not that clear. but this correction is far from done and should consume many more weeks. My revised long term count has no significant changes except that earlier I was showing sep2001 as base but now I label 2003 as base. I will...
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    Elliottwave count for SENSEX

    Hi amit, Not clear yet. waiting for resolution of this count. vinay
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    Elliottwave count for SENSEX

    Hi Amit, one possiblity I forgot to discuss was a wave B triangle . this is quite possible if sensex/nifty donot make new lows. Even in this case The final corrective wave C will still unfold below the current lows of 9200. vinay
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    Elliottwave count for SENSEX

    hi Amit hi czar, only vinay will do no ji please. The action of the past week has put the triangle possibility in doubt as the action looks impulsive. I can count 5 waves down from the 12671 on hourly chart though daily chart is still showing a...
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    Elliottwave count for SENSEX

    Re: Elliottwavecount for SENSEX Hi, In the past analysis I had opined that a break of 9827 will push sensex to a deeper correction. The sensex accordingly went into a tailspin once that level was broken. I had also said that a break of this level will mean that an impulsive decline will...
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    Metastock Question

    Hi, While working with intraday charts I find chart periodicity between 1 min to 60 min . My question is how can this periodicity be changed to get a chart say of 90 min or 240 minute ? My second query is regarding macd . how can I change macd parameters to say 20,10...