NIFTY 50 future TRENDS

[4xpipcounter]

How profound!
How often do those terms come to mind when I evaluate how certain trades go. It's all those adjectives combined that play a part in an entry when you click that button, and 5 minutes later you're up by 50 pips.

Those kinds of trades are the exceptions. They are still fun to talk about.

My two cents you already know:

That is what we call .......................interpretations of the current market situation.

Instinct, knowledge, believing, experience and finally trusting in what is done.

 

[manoharpillai]

I wonder if Mano has some input on this, as it could also mean that the A>D>E could mean the first 3 waves of a longer term DOWN. That's not my view...yet, but I am picking his brain on that one.

Paul charts indicates we are in for intermediate correction to understand your ABCDE THEORY the below chart could give some clarity to your interpretation
Here we go No1. The bullish trend started 2nd Jan 2012 low of 4588 to the high of 5630 is intact as long (explained earlier Rule 3: Wave 4 can never overlap Wave 1.) which is at 4800 should hold for this on going up trend to continue in other words the 12345 ABC up trend wave count to be valued (REFost:7330)
The present down corrective move which is wave 4 of up trend could again form 8wave Theory with in this up trend so this down trend either get nullified if spot crosses 5460 or could extend move down to break resent low of 5170 to compleat wave 5 (yet to start)

 

[saivenkat]

There are two things.. which i never understood...whatever be the efforts that i took..

1) Baseball game..:lol:

2) Elliot wave..:lol:

 

[uttamkamlesh]

In your chart the 1-2-3 at the right hand side, if the market closes above the horizontal line drawn from the valley low ( from your chart it looks that it has just closed above ) then there is a strong possibility that the downmove has ended and the trend has reversed to up atleast for the time being.

Smart_trade

Uploaded with ImageShack.us

 

[EagleOne]

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Well observed and succinctly said, Kamlesh Uttam. The finality of your words almost have the mathematical beauty of a symphony. At last I came upon a post that made my Sunday evening close at high. Thank you. :thumb:

 

[manoharpillai]

Britney Spears' Beverly Hills home is hitting the market one more time -- now for more than half off the original asking price.
The "Oops!... I Did It Again" singer is trying to sell her Mediterranean-style estate one more time. It was first listed in Sept. 2008 for $7.9 million, then again in July 2009 for $6.4 million and again the following year for $4.8 million. Spears is now asking $2.9 million.

 

[anilnegi]

yes sir,

you are right

http://imageshack.us/photo/my-images/827/bakedchart1.png/

 

[manoharpillai]

yes sir,

you are right

http://imageshack.us/photo/my-images/827/bakedchart1.png/

TL drawn to be get broken either side (Probability)
Your chart TL shows broken out at some point and falling back and took support
now the market have to decide whether this support to hold or to break
my view is unless Spot move above two RES. Points 5385 and 5460 the trend is down (on going correction ) in a up trending market the lower target of 5080 still open

 

[manoharpillai]

yes sir,

you are right

http://imageshack.us/photo/my-images/827/bakedchart1.png/

3 Years Weekly chart attached.

 

[timepass]

.....16500 is on the radar.