400 points rally on the cards

[dilip2k]

No Offence meant Sathia
anticipating a move and predicting it are different things. but good luck may your prophecy come true, would be wonderful for indian markets.
Unless we have a painful bear market later !

 

[sathiamoorthyd]

Look at this chart

 

[Agilent]

Look at this chart

Sathia,

Interesting no doubt, but can u cite any extracts from some text in support of your interpretation

I mean established TA theory, based on empirical evidence by way of any other
(developed economy) bull market charts

AGILENT

 

[sathiamoorthyd]

Hi Agilent,


No theory in stock market is a holy grail. Technical analysis is not a mathematical formula. We cannot say like " 5-3 = 2 ". It is part mechanics and part physics.

Glenn Neely has been bearish in gold and SP 500 and he is continously wrong for the past one year.

http://homepage.mac.com/WebObjects/...tefn=RootSite.xml&aff=consumer&cty=US&lang=en

Robert Precther is bearish for the past 10 years. I have even written a review for his book " Conquer the crash ". He suggested a great bear market in that book. He is wrong for most of the time.

http://business.marc8.com/books-cus...-9-18-11/review/book_review_conquer_the_crash

Finally, the above analysis is based on my own reading of the charts. Soon i will upload an example chart. Until then bye.

Sathia Moorthy

 

[sathiamoorthyd]

Hi Agilent,

The chart I have posted here is of UK's FTSE. I have labelled the waves after the 1987 crash which was similar to the situation that we have seen in Sensex during the may of 2004. Look after the post pattern of the crash in FTSE and SENSEX.

Australia's All oridinaries,Dow Jones and Nasdaq also exhibited the same pattern.


Cheers,
D Sathia Moorthy

 

[Agilent]

SM
I get a feeling your prediction is turning out correct (much though I was sceptical)

Weldone !

AGILENT

 

[bharatk8]

hi,sathyamurthy...ur views are interesting ....awaiting next post

 

[sathiamoorthyd]

It seems, Reliance could rally to test 800 region in few trading sessions. The stop loss for the view is 690.

D Sathia Moorthy

http://groups.yahoo.com/group/Sathiamoorthy/

 

[sathiamoorthyd]

Now the stop is 720 for Reliance. Target is around 800 and above in few trading sessions.

D Sathia Moorthy

www.sathiamoorthy.blogspot.com

 

[AMITBE]

Great thread, Moorthy.
Kudos.