Incisive Nifty Trend Analysis

Investing in the market, Warren Buffett has a 25 year record of 25% rates of return for Berkshire Hathaway investors. He has helped to make many stock market investors independent millionaires, with minimal trading costs. He does NOT use Elliot wave theory, Gann theory, fibonacci numbers, or any other market "timing" tool. Why??? Because they don't work!! The top 'timers' over the last 20 years don't even come close to his 25% rate of return, especially when you subtract all of the transaction costs of market 'timers'. There is NO 'holy grail' when it comes to investing, but there IS a lot of HYPE! to try and convince you otherwise. All of these Elliot wave gurus and assorted other market timers are making money selling their 'theories' not by using them. Elliot Wave International with Steve Hochberg has the third WORST record of over 200 tracked over the last 15 years with a cumulative return of NEGATIVE -6.2%. And that's before the $228.00 per year subscription fee and transaction costs. Yikes!!! They also have a negative return over 5 AND 10 year periods. And these guys are considered the leading authority on Elliot wave analysis. They are expert 'Hypoholics' not expert timers. If there were a 'hypoholics' hall of fame, they would certainly be in it. Market timing just doesn't work. But obviously HYPING it does. Don't be fooled. Be wise. Be prosperous.

Market is swinging top to bottom.

where is Mr. Prada .......the thread owner..IS THREAD HIJACKED..:annoyed:
I LOVE TO SEE HIS TL.. ANALYSIS ..
THERE IS NO COMMENT FROM HIM THE MARKET IS KEEP MOVING UP N UP..LOOKING FORWARD TO KNOW HIS COMMENTS..
IS FATHER OF BIG BEAR IS WATCHING..:rofl:
5250...5500..5750......ALL THESE LEVELS HAD GONE
5960..IS ALSO LIKELY TO GO

6650 LEVEL IS ON..:thumb:
IF THIS LEVEL COME BY WHAT DO YOU EXPECT THE COMMENTS.. BY THE GREAT EXPERTS...:lol:
FRIENDS I HAVE NO PERSONAL POINTS TO PROVE HERE ..
I HAVE HIGH ESTEEM OF MR. PRADA.. BUT LET US NOT GET CARRIED AWAY OBSESSED THOUGHTS OF CHART READING AND TRADING..
TA IS A TOOL TO BE USED TO SOME EXTENT .. BUT TOO MUCH OF IT WILL SURELY DESTROY YOUR CAPITAL..
HOW MANY OF YOU EXPERIENCED IT KINDLY ANSWER IT OR SAY THANKS..:thumb:

Few points:

Market age ..TA piche .....sudden news flash can tumble up/down nifty any time ....TA is useless at this point.

If someone says Market is going to top ...he is right .
If someone says Market is going to bottom ...he is also right .

because Market is swinging like pendulum

10 yrs data , EW wave count all will vanish if tomorrow Mayavati says she won't support UPA govt

just don't rely too much on TA... Market does not really care about it

Elliot Wave count as given by Daylyn.

Short Term Count ............


Long Term Count ........

Friends,looks like v r testing monday low 5888 level lower side and 5920 upper side. Need to knw if after brking 5888 whether it can hold 5874/65 level. If not 5800 kindda level and if yes then 5965+ level .Wright?

5850----5855

or

5950----5955

Thnx Daylyn and I do not trade on others observation. These days i don't have much time for trade or analysis and hence need to knw whether am going wright or not . Am not sure about 5850 level as to me it should be around 5800 and before that 5838 level. My 1st trgt 5874 hits .