Nifty Futures Trading Part 2 (Positional)

[BrokerJi]

1. For maintaining 4th wave, u have no right to breach 3200 (half way betn 1292 & 6357). If 2970 (61%) touched, failure is obvious. According to linebaba, we will break the line upward after touching 2970 level on around mid of 2009.

2. 2970 crossed and going lower. We can go upward after touching 1292 not before 3rd or 4th quarter of 2010.

3. Next and final level 977. We can go upward after touching 977 not before 2nd quarter of 2011. At that time we can have the stocks at the roadside free of cost. No stop loss is required.


So, there is no other alternative to live in the kingdom of bears at least upto
mid of 2009.

Sorry for breaking the flow of talk but does these analysis have any justification economically or they are just some kind of passion we carry of applying physics (wave theory) on graphs
In particular the last point above....mind blowing number...977....I wonder why doesn't like Forex we get results like target 977.8652 , after its all maths and then precision should never be a constrain in maths.

 

[orderflow13]

Guys lets do it, Satda has invited us all to his house till mid-2009.... how nice Satda

Official now...This post is Traderjis official front page, reflects everything.

 

[emailkailash]

Exactly I second ur view. As per weekly chart also (linebaba) support comes at 3476 this week. We can have an interval there of this painfull story for cleaning our wet eyes with a cloth at the outside of the hall.

Hi Satya,

As per linebaba if weekly support is 3476 (interval of ongoing fall), once we go and hit that level, how much upside can be expected before we go into the climax of this horror movie / lifetime drama

 

[mitasatyajit]

Hi Satya,

As per linebaba if weekly support is 3476 (interval of ongoing fall), once we go and hit that level, how much upside can be expected before we go into the climax of this horror movie / lifetime drama

Cannot say the upper side right now. But at least can say that the time of interval is generally not so big. We will get short time to clean up our wet eyes.

 

[xtalk]

Jim Rogers often talks about Longest bear market in Japan "The Lost Decade" due to faulty bailout policies like the current one in US....have a look!

 

[columbus]

Satya, I agree that we may fall further...but it seems that we are in the capitulation period and we might be really close to the bottom...it could be somewhere between 3000-3600....but either way, if one thinks that once reach that bottom figure and then we will automatically get to 5000 or 6000 levels is a fool...the markets would become range bound between 3000-4600 level and would remain close to the lower level for quite some time before finally breaking out on the upside for good...

Last month on NIFTY we saw THREE times 100+ gains.

 

[Czar]

France calls emergency G8 meeting tomorrow to handle financial crisis, Major US indexes at 5 years low, but now dow has recovered 250 points from todays bottom still 540 down...

If Dow does not fall now & tomo morning dow futures are up 100/150 pts we may not fall that much tomo & might see a bounce as we have fallen today already in anticipation....

 

[mitasatyajit]

Last month on NIFTY we saw THREE times 100+ gains.

Was it for fresh buying or short covering ?

 

[mitasatyajit]

At this moment if u buy a cup of tea from any railway hawker, you can have one US stock free. GM and Citi are now at $8 and $16 only.

 

[Czar]

Darn I really really wish we could invest in US market, Alex some cousins man, every 2 days I have to ask you why dont you comply once & for all...

Dow seems to have hit a bottom at around 9600... recovered 350 pts now... basically the Wall st bugger want a rate cut & seems they are willing to murder Wall st. for it... if they have to..