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 ...
11 comments:
@Ilango Sir ... looks Like The Market is Just creating a Mirage at 4950 as a support so that the bulls get trapped again ...
O na bharawa, thori jehi uppar nu aa en de lol (O no brother, let the market come up a bit lol!).I have some calls of IDFC for Rs 140.
Namaste Ilango Sir & Blogmates,
Another pause day, but to the credit of the Bears, they kept the index below 5000 for another day; Option Analysis for 10-05-2012
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Ilangoji,
From what i have read is that, usually after an irregular correction, the next move is
steep, expecting the next wave to be an extended wave.
extensions at 4612
Pt , is too fast moving down the hill
Traders never sleep
Lagi Wale Te Akh Niyoon Lande
http://www.youtube.com/watch?v=v5ywgIo774o&feature=results_main&playnext=1&list=PL7ACA3D63B4EF56FF
PT - ur 1st post is technically right but 30 mn chart macd histogram showing +ve div??? if dow uncle close in green is "headache" for bears if dow flat of mild close is little OK??
ur extension target is mouth watering.. BN break should lead the fall will it??again the same area upto 5050 is resistance line as per 30 mn. but wishful thinking it should not move up :(
The Great King of Qwalies "Nusrat"
Fall may not come immediately. Lets wait until next week.
Dear PT,
.....No doubt the trend is down,but Monthly chart suggests a pause around 4950....At present the Hrly,Daily & Weekly Tech Table is too much cold...So Let it warm ....
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