Some of my forecasts

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Re: Reliant

Oh no, Paul! Not that lower! I mean, how would then the meanest businessman of India pay his nearly $100,000 monthly electricity bill? :p

God only knows, I would love to see his stock going in 2 digits - even for a few minutes! And his equally idiot brother's - totally wiped out! Of course, I should be there at that time to push the short-sell plunger all the way down over their heads! :D

Casper (Nbolar does have it as his avatar, you were right!) told me last night that SBI's profits dipped nearly 45% below. Well, thanks to its debt defaulters, it may now get pushed from that 3 meter diving board that I mentioned in one of my posts.

Happier times are coming. Nifty is coming home to rest! :lol:

Take care
some very aggressive targets. If Reliance has to hit that range, NIFTY should get ruined utterly.
 

4xpipcounter

Well-Known Member


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I should do some further explaining of my view on Reliance, and show why I see the market the way I do.

First, any break of a monthly TL is very strong, but the support (in this case) is also very strong, because of the long period of time it covers (In this is, March '04.). This is why 624 is being viewed as very solid S, but if broken, the move will really take off. What we would get is the strong break, then the correction back to that point, and then a stronger break, which would ultimately take the pair to 265. Note the fact that 624 is very solid, and there also has to be a monthly close on the other side of it for it to be confirmed. We are still a long ways from that.

As far as how Nifty would be effected, I'll keep you posted. For now 4907 and 4651 are on the radar. There are also similar possibilities of 4300 and 3600.
 

EagleOne

Well-Known Member
Re: Reliant

...LOL, anyone that has read this thread to any degree probably knows I don't give a hoot about FA's
You're being generous, Paul. I don't give even 1/10th of a hoot about it!
Let me paraphrase a sage advice by Jake Bernstein: "Traders, particularly daytraders, must preclude Fundamental Analysis in order to succeed". :)


some very aggressive targets. If Reliance has to hit that range, NIFTY should get ruined utterly.
Just ruined? Annihilation!!! Total annihilation, I am looking forward to! :p
(Just joking. My post that you quoted was also in that mood, Irfan bro.;))

Alright, Paul. Calling early night. Good night all!
 
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4xpipcounter

Well-Known Member
Re: Reliant

Good night!?!?!? I'm getting ready to mow the lawn.
Oh that's right, it's noon here.
Tucker is going to think there was total annihilation of the pen when I get done with it. He won't be able to hide in the grass. It is high.

I gotta agree with Jake. No use for FA's.

You're being generous, Paul. I don't give even 1/10th of a hoot about it!
Let me paraphrase a sage advice by Jake Bernstein: "Traders, particularly daytraders, must preclude Fundamental Analysis in order to succeed". :)




Just ruined? Annihilation!!! Total annihilation, I am looking forward to! :p
(Just joking. My post that you quoted was also in that mood, Irfan bro.;))

Alright, Paul. Calling early night. Good night all!
 

4xpipcounter

Well-Known Member
EUR/CHF update



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As per my Weekly Forecast the falling TL at 1.1380 and the WR1 at 1.1392 being containment. The dotted red line is the actual WR1. The software plotted 1.1366 as the WR1. Strong beginning of the week spikes throws the calculations from the software off. The peak was 1.1454. Notice how the wick only spiked on the other side of the WR1. The daily chart also shows the wick, only, spiking on the other side of the TL. I often refer to "allowing for a wick spike, and this is exactly what I mean. If my forecast is right, this market is headed south the rest of the week.
 

4xpipcounter

Well-Known Member
Re: EUR/CHF update

After getting an almost sideways dip, this market is headed back north. If the previous peak at 1.1454 is taken out, then we should see a move to the MR1 at 1.1594. We could even see the weekly kijun hit at 1.1652 before any worthwhile correction.




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As per my Weekly Forecast the falling TL at 1.1380 and the WR1 at 1.1392 being containment. The dotted red line is the actual WR1. The software plotted 1.1366 as the WR1. Strong beginning of the week spikes throws the calculations from the software off. The peak was 1.1454. Notice how the wick only spiked on the other side of the WR1. The daily chart also shows the wick, only, spiking on the other side of the TL. I often refer to "allowing for a wick spike, and this is exactly what I mean. If my forecast is right, this market is headed south the rest of the week.
 

EagleOne

Well-Known Member
...Our charts are the same way. We don't need to know the name of the market we are trading (I never traded Nifty in my life.), and we don't even need to know the price. We just need to know where it is headed on the map...
I know it sounds arrogant making such blog comments like that, but it is just the experience, and treat the chart exactly as it is, without any regard to what it is or what is going on around what it is. This is why I believe in 100% TA's...

...Linda Raschke is the type you just say, "Yes maam" to. Anything accusatorial tells me the accuser does not know what he is talking about.

.... Having said what I said about Linda, I don't mind the term, "Prove it". Sometimes I make bold statements hoping someone will say that. OTOH, the "lesser minds" consider it hunting season and they are after my head. That's really a lot of fun. They always miss the aim, because they don't know these jungles like I know them (Yeah, yeah. Now that sounds arrogant.)

Evening, Paul
I quoted the above posts of yours, because I wanted to remind you what you said before asking for your permission to put you in the line of fire and say, 'Prove it'! :D

That's what friends are for, right? :)

So, I am gonna post a daily chart of an instrument that I found at random among the 220 odd stocks having derivatives. It won't have any name or price. I want you to tell me precisely - with one or two 'either or' - its fate in coming days. If possible, for tomorrow.

I have it with ichimoku clouds in my laptop. And on this comp, without. You choose. Other thing, if you want I can post monthly, weekly, 4 hourly and 1 hourly charts for your ease. You decide.

Awaiting your reply within few minutes. In the meantime I get the charts ready. Are you game?
 

4xpipcounter

Well-Known Member
Sounds good, Eagle!

What I need are the following charts. One each of:
1. Monthly
2. Weekly
3. Daily
4. 4-hour
5. Hourly

I also need the following:
1. Data to cover at least 100 candles
2. Charts that I can actually download. That would be for the benefit of drawing TL's.

I need the following indicators plotted on your chart:
1. Stochastics--5,5,5 with max and min at 85 and 15.
2. Ichimoku cloud set at default (9,26,52)

The only handicap I might have is not having my S&R's, but through my experience of using them, I'm hoping I can give myself a cursory idea where they should be. I will denote in the analysis if I had a hard time without its proper usage.

I was actually hoping someone would take me up on this. That's why I made the bold statement like I did.

Can you give me about 5 markets? This way just in case I miss one on the forecast, at least I'll bat .800 instead of .000.

Eeeeey ah. Let's go!!!



Evening, Paul
I quoted the above posts of yours, because I wanted to remind you what you said before asking for your permission to put you in the line of fire and say, 'Prove it'! :D

That's what friends are for, right? :)

So, I am gonna post a daily chart of an instrument that I found at random among the 220 odd stocks having derivatives. It won't have any name or price. I want you to tell me precisely - with one or two 'either or' - its fate in coming days. If possible, for tomorrow.

I have it with ichimoku clouds in my laptop. And on this comp, without. You choose. Other thing, if you want I can post monthly, weekly, 4 hourly and 1 hourly charts for your ease. You decide.

Awaiting your reply within few minutes. In the meantime I get the charts ready. Are you game?
 

EagleOne

Well-Known Member
Ah, we have a problem. Houston! :)

Ichimoku setting are 5,20,40. Won't allow change as the software's license expired a month ago, and the new license gets rejected. Will have reformat the disc, until then I'm stuck, sorry.

Stochs - 9,3,4. Same problem.

And the following I didn't understand what you meant. Anyway, let me post at least the daily chart. :)
"Can you give me about 5 markets? This way just in case I miss one on the forecast, at least I'll bat .800 instead of .000. "
 
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