Sir and seniors. Please explain the characteristics of ABC corrections in brief. My understanding is (5) completed and ABC correction for the rise from 5701 to 6252 is ongoing.
The index from recent August '13 lows has observeda sharp advance and has probably completed its wave'v' formation today after making a high at around6,252.45 levels. Recently the emergence of multipleDoji candle halted the advance which was laterfollowed by a Hanging man candle which was alsoBearish Engulfing and today the prices formed aShooting Star,". "All these patterns indicate exhaustion which is alsoconfirmed by the negative divergence in themomentum indicators which indicates a short termtrend reversal on cards. The current pattern indicatesa sell on rise approach towards the resistance zone of6,230," source economic times.
Seniors, Are we now in an impulsive 3rd wave.....
Namaste Ilango Sir & Blogmates, (Neutral: Weakness for the first time showed up in the Option Table with 6100PE writers covering, higher levels are firmly in control of the Bears as the index is unable to sustain beyond 6200 level…: Option Analysis for 24-10-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Here is the link of Mr. Ramkihttp://t.co/HZFm6Cw8Sy
Master nd Seniors can you please give the Elliot Count..Elliot theory says ABC correction will head towards low of 4th Wave..Just wantd to know.Thanks for your time !!
WHEN NEED TO GO SHORT FOR NIFTY? JNSAR VALUE 6138? OR 6116? PLS HELP
WHEN NEED TO GO SHORT FOR NIFTY? JNSAR VALUE 6138? OR 6116? PLS HELP. ILLANGO SIR PLS SAY