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...
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...
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;)...
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...
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...
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...
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...
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.
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...
Re: Elliottwavecount for SENSEX
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...
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...