Some of my forecasts

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I'm not a very good artist, but this lines I drew on the chart are to show this market followed price action exactly as planned. It was one day before the reversal that it was predicted. The chart shows the obvious support it met up with, it corrected in the form of going sideways for awhile then then had another strong leg south.
All downside expectations have been fulfilled, even though it does not mean it could not go lower. For now, it is bracing for a correction, as the candles have drifted too far away from the cloud and the DOWN is tired. Look for a correction back to the daily tenken at 92.67, and it could make it to the kijun at 97.43, and possibly the bottom of the cloud as projected into the future at 101.43, even though doubtful it will make it all the way to that point.
 
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As per my Weekly Forecast, I mentioned a strong break of the WS1, then my MS3 would be hit, and the chart tells the story. I mentioned the WR1 at 107.68 would contain the up move. Look for me to possibly be wrong on that. Once the WP is revisited that may be all that is necessary, with a possible exception for a spike to the kijun at 106.47.
 
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Reliant Industries

On the initial thrust south, the projection was the minimum TK combo at 783. That is no longer a combo as the kijun is there sitting by itself. It did come a little short as the dip was 791. Any further move north should be contained at or under 853, and then 783, and possibly further south will be realized.

BTW, I just remembered I forgot your dailies. They are coming next.
 

EagleOne

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Hi Santa 'Cloud' Paul :)
So what we discussed in PMs came true today. 5088 got hit. But, looking at the shape of the EOD candle, I think what I said has more probability of happening first before that 4840 shows up (I just read your post at sudoku's, you also got it corrected).

And then, of course, we have the arrival of Nifty Terminator T-4666 pending, right? ;)

I just wish you'd also let it be known to our learned friend whether he's got the timing right...the week, month etc, you know, if not the year! :p
 
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Hi Santa 'Cloud' Paul :)
So what we discussed in PMs came true today. 5088 got hit. But, looking at the shape of the EOD candle, I think what I said has more probability of happening first before that 5840 [changed to 4840] shows up (I just read your post at sudoku's, you also got it corrected).

And then, of course, we have the arrival of Nifty Terminator T-4666 pending, right? ;)

I just wish you'd also let it be known to our learned friend whether he's got the timing right...the week, month etc, you know, if not the year! :p
5840 ? So soon ?
 
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EagleOne

Well-Known Member
Thanks, Sanjosedesi. now please correct that in the quote in your post.

I don't want to be the cause of people's mortgaging their houses tomorrow and investing in the shares - and committing suicide the day after! :lol:

(5840...wow, wouldn't that be nice! ;) )
 
If we head back to 5840, you are going to have to put me on your yearly map. I'm not counting on that to happen for a long time.

So please!!!! Everyone!!!! Slow down!!!! Keep your house!
Nifty will eventually fall through the cracks, again.

Ooooh, that sounded encouraging.




Thanks, Sanjosedesi. now please correct that in the quote in your post.

I don't want to be the cause of people's mortgaging their houses tomorrow and investing in the shares - and committing suicide the day after! :lol:

(5840...wow, wouldn't that be nice! ;) )
 
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