Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
56 comments:
61.8% of fall from 4828 to 4740 got completed at 4795..
now lets see...
@Ilango
YOur chart indicates a false breakout....could this then
be the resell area....below day low ema and hourly
JNSAR???
Sir can we go long as nr HEma and HJNSar?
Hammer formed on 10min charts
confirmation needs. for sell
Problem in Google Finance? Not getting intraday data?
DR Sir,
now today looks DOJI as far as NCASH is concerned.
pdd
@ Indus,
As Anil pointed out, 61.8% retracement of last fall @ 4795 was another resell area besides the Noon's 4830 or the subsequent break of pivot. Though it is below all emas, hour highly OS with +ve div and Day lead coming below 20 mark, the late bears need to be careful. We don't favour talking "Trend is your friend" at the exhaustion point.
If falling wedge( as per morning's discussion), then the range keeps getting narrowed. One need to take profits at regular intervals.
A HUGE 100 points FLAG. Who wants the pole? :P
Europe and Dow --- Ready for the Next round of Deep Cut
Hitendra
was about to comment
It was perfect doji
with wick and tail appx same length
and at open price :D
@ Bhavan,
If Bulls need to come back today, it has to be here @ 4755. If not.. down.
Nilesh said...
Hammer formed on 10min charts
confirmation needs. for sell
October 5, 2011 2:30 PM
No significance
Hammer is bullish reversal candle and should be on EOD chart
Sir taking a 20 points risk @hLEma
Friday or "Fry Day" for Bulls :)
Voting lines khul chuki hai sahi jawab dene wale ko jo usne positions banayi hain usme hin fayda ho jayegga --- Inam ki jarurat nahin :D :D
@Fire,
This is for your question :)
http://www.youtube.com/watch?v=eNiR5ZTb_MA
@ Bhavan,
Trade with the "Wind favouring you"...you'll sail better.
Trade the "well waited" trade set up.
tomorrow is a holiday
PT,
I feel so.
But will sell call as sir's last comment of 2.34 pm
warns to avoid big commitment.
pdd
@Hitendra
Risking profits :)
@PT
:)
And The check mate is done
Long Time Ilango Sir not heard the word
"Photo Finish" Waiting for that word :)
@ PT,
There is no "Photo finish" today. Bulls are well buried.
Photo finish possible only if nifty is hovering around atleast DLEma-4800.
bichari SBIIIIIIIIIIII,
NIFTY NO VARRO KADHASEEE
PDD
Thanks a Lot sir ....
@Hitendra
Moodys effect "Standalone ratings cut" so the Bear Puch in SBIN
4750 decider level for the day...
@Buzz,
ROTFFFFFFFFFFF......
watch slow stoch in hourly if hourly closed at 4757, it is just touching and trying to turning away...
Have updated TT & added a "Clear looking Price alone chart".
Dear Sir,
WL YOU PL ADVISE?
i want to create big PE/CE position.
wl close ard 4750 today, wl break 4720 on friday?
techical only is enough...
pdd
Buyers seen
BN good trade done
Now can enjoy Holiday with roasted
@DR Sir,
Also Navratra Over today and roasted papad kya with :):)
@ Hitendra,
Nifty has travelled 3/4th distance of the current channel. Below 4740, it will continue down towards 4650. But if it moves past 4800, then it will move up creating another upward channel.
4740 break or 4800 break - On Friday.... Both looks possible.
If one is short from higher level, he'll carry shorts, having part booked along the way.
To create new positions, I would suggest to wait as it could go either way.
Wt is this DR sir? you exit and down goes BN
Sir,
TT shows lowest close at 3 PM with widest range of
4794/4750.
pdd
Lagta hain Moodys is also a bear -- Only cuts ratings :D :D
Thank you very much sir,
4748 is year's lowest close till today.
pdd
when u play for small profits, u loose big one and when you play for big profits you loose all small ones...
@PT
mooody ka mood thik nahi hain lagta hain...
@Anil
Yes true So never divorcee a winning trade and never marry at loosing trade :)
bye bye to all.
Happy Dushhera to all.
pdd
@anil
Moody jo thehra :D
Wishing dear Sit and all the Warriors happy dusshera in advance :)
Wish you all class mates, Ilango sir and seniors
a very happy Dushhera.....
Bye
Photo finish for "4753".
Master is DAMN ACCURATE we all know.
so it would be a photo finish
Fast Fall ...
Ranga said...
didnt get fast fall ,, can you please amplify.
regards
April 21, 2009 10:33 PM
Ilango said...
Hi..Ranga,
Whenever a short term average (here the 5 SMA) comes
closer to a medium or a long term average
(here the 200 SMA) and turns down without crossing it,
there are chances of a fast fall. So watch it.
@Ilango sir
Ameen :)
Holiday "Matha Pacchi"
TED spread
The long term average of the TED has been 30 basis points with a maximum of 50 bps.
During 2007, the subprime mortgage crisis ballooned the TED spread to a region of 150-200 bps. On September 17, 2008, the TED spread exceeded 300 bps, breaking the previous record set after the Black Monday crash of 1987.[3] Some higher readings for the spread were due to inability to obtain accurate LIBOR rates in the absence of a liquid unsecured lending market.[4] On October 10, 2008, the TED spread reached another new high of 457 basis points.
check here 5 years chart
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND
BDI Baltic Dry Index
Changes in the Baltic Dry Index can give investors insight into global supply and demand trends. This change is often considered a leading indicator of future economic growth (if the index is rising) or contraction (index is falling) because the goods shipped are raw, pre-production material, which is typically an area with very low levels of speculation.
Read more: http://www.investopedia.com/terms/b/baltic_dry_index.asp#ixzz1ZuNBBgEO
check 1 year chart first
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
We are TA, views of FA will be appreciated
TED spread
http://en.wikipedia.org/wiki/TED_spread
hi
hi
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