Markets breaks previous swing low - Disastrous Consequences

#1
Markets breaks previous swing low - Disastrous Consequences ?

With the BSE Sensex / NSE nifty closing below their previous swing low of 8121/2453 we could see the BSE Sensex fall to 7450-7500 and the NSE Nifty fall to 2250.00

This figure is arrived at by subtracting the distance from the previous swing low to the recent all time high from the previous swing low.
 
#2
Excellent and timely observation.

The BSE Sensex did touch a low of 7955.00 as of this morning. Do you recommend shorting the NSE Nifty now?
 
#3
arun said:
Markets breaks previous swing low - Disastrous Consequences ?

With the BSE Sensex / NSE nifty closing below their previous swing low of 8121/2453 we could see the BSE Sensex fall to 7450-7500 and the NSE Nifty fall to 2250.00

This figure is arrived at by subtracting the distance from the previous swing low to the recent all time high from the previous swing low.
You were right on dot. While most analysts were calling for a pullback from yesterdays low (8121) you boldly made this call. I am curious as to what methods helped you come to this conclusion.
 

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