Elliottwave count for SENSEX

[joy_verma]

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

 

[amitt29]

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

Yes I might do that.I will try for a few others also.Do u have it?

 

[caldaroEW]

Re: Elliottwavecount for SENSEX

Hi Vinay,

Thank you for the kind words.
Have not vistied this site for a while.
You are correct. My count has not changed and the BSE continues to trend higher from the June lows.
I'll try to keep up with your posts.
All the best!
Tony

Hi Amitt29,
Thanks.Tony caldaro is a fine elliottician.He has been awarded
Technician of the year award before and has been analysing markets since
early 1980's. It was in fact me, who prompted him to analyse bse sensex,
and include it in his long list of markets he track. We have exchanged ideas
about wave analysis a couple of times about sensex. He has developed a slightly different way of analysing elliottwave which he calls, "objective elliott
wave". He also offers one to one lessons on his proprietry objective elliott wave. But the cost is bit on the higher side for us.
Regarding, similarity about
wave count on sensex. For short term, we agreed that sensex was looking
toppish and in fact it was and it turned direction. On longer time frame we
have slightly different views. Tony's view is that , sensex has finished wave
3 of V and so wave 4 and 5 are still to go.He do not talk about any alternate
wave count . My position is that either we are in the last wave 5th of 5th that is the last wave of the whole rise since 2001. Or as an alternate wave
count we are in wave 3rd of 3rd of last wave 5. The differece crops up due
to the relative wave position or count of nse nifty. I had discussed this problem in detail on my blog " the problem wave count".
http://spaces.msn.com/sensex-nifty/
Tony caldarow's blog link is
http://spaces.msn.com/caldaroEW/
Regards,
vinay

 

[caldaroEW]

Hi Vinay,

The BSE continues to impulse higher in a wave iii.
Maybe a push back to 12,000 this week.
Hope you are doing well.

Tony

 

[caldaroEW]

BSE still about 200 points from 12,000 but trending nicely.

 

[amitt29]

Hi Tony,How are you sir.
Looks like inflation taking its toll on the targets.But watch out for 3549 on the NSE Nifty.Probably 3rd week of this month.
What you think of my dow forecast of 12k+.
Warm regards.
Amit.

 

[caldaroEW]

Hi Amit,

Yes expecting 12,000 on the BSE shortly.
And agree with the new highs in the DOW during this uptrend.

Be well!
tony

 

[caldaroEW]

Sensex still loking good!
Posted a little background of myself on my blog.

http://caldaroew.spaces.live.com/

 

[caldaroEW]

September 17
India's BSE bull market is concluding.
Based upon my OEW analysis the Bombay Stock Exchange Index (BSE) is very close to ending its five year bull market. If you have been following my analysis on this index, you would have noted that the BSE started its bull market early in September 2001. And it has been an extraordinary advance, up 400%, see BSEmthly chart. Usually at the end of bull markets they get quite volatile, as witnessed by the 30% decline in just one month recently.

details: http://caldaroew.spaces.live.com/

 

[caldaroEW]

Hi!

The SENSEX is starting to look toppy. I'd be careful up here at these levels.
best regards