Some of my forecasts
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Tata Steel
TTG, you picked a doozy.
This market is definitely preparing itself for a move north. You so rightly pointed out how far it has ranged under the 4-hour cloud. The daily chart is also in perfect agreement. Also, a look at the monthly shows a thin cloud already being hit, which will eventually be taken out going south, but for now, should contain.
A look at the hourly, though, shows the market has traveled east, which implies the possibility of one more lower low, which should be traveling towards my WS2 at 447. After that move has been completed, think north for at least a correction of the downtrend. Minimum expectation before the month is out is my MS3 at 521. The bottom of the daily cloud is 584, and that should not be ruled out.
Longer term, I am still expecting the drop to continue to 245.
TTG, you picked a doozy.
This market is definitely preparing itself for a move north. You so rightly pointed out how far it has ranged under the 4-hour cloud. The daily chart is also in perfect agreement. Also, a look at the monthly shows a thin cloud already being hit, which will eventually be taken out going south, but for now, should contain.
A look at the hourly, though, shows the market has traveled east, which implies the possibility of one more lower low, which should be traveling towards my WS2 at 447. After that move has been completed, think north for at least a correction of the downtrend. Minimum expectation before the month is out is my MS3 at 521. The bottom of the daily cloud is 584, and that should not be ruled out.
Longer term, I am still expecting the drop to continue to 245.
Re: Reliant
Irfan bro, In the past 10 months or so, since I started trading, I have read and heard hundreds of the finest traders all over the world. The only unsaid thing I could read between those thousands of lines: "Only the foolish trader trusts the market. The wise is terrified of it."
I am always scared while trading. Period.
Having said that, I also remember while trading: "I only trust myself, my own eyes, my own judgement. Cause it is my money."
So market goes up, I am with it. Goes down, I am with it. Doesn't mean that my stops don't get hit anymore, they do. But now I don't get hit. Cause now I stay loose. I'm OK either way.
As far my jesty 'total annihilation' thing, well, I give you a curious example. In Jan 2008 IDFC was 235. 10 months later it was 45. And as you know, it was not the only one biting the dust!
If you'd asked the TV dummies, or FA believers, they would come up with 'crudeoil crisis' etc. The fact remains, it did fall in the abyss. The down wave had begun, it had to complete. Same thing seems to be going this time... 'Conclusion must satisfy the logic' (a Vulcan friend told me.
).
Hey Paul
Higher it goes, better would it be for the bears, bud. After all, the healthiest polar bears roam up in the North, in the Arctic!
By the way, that yesterday's little beauty was held down by the today's rangebound onslaught. It held its ground. If my counting of Demark seq is right, it will go up, even for a few points - matching Nifty's corrective up move.
Irfan bro, In the past 10 months or so, since I started trading, I have read and heard hundreds of the finest traders all over the world. The only unsaid thing I could read between those thousands of lines: "Only the foolish trader trusts the market. The wise is terrified of it."
I am always scared while trading. Period.
Having said that, I also remember while trading: "I only trust myself, my own eyes, my own judgement. Cause it is my money."
So market goes up, I am with it. Goes down, I am with it. Doesn't mean that my stops don't get hit anymore, they do. But now I don't get hit. Cause now I stay loose. I'm OK either way.
As far my jesty 'total annihilation' thing, well, I give you a curious example. In Jan 2008 IDFC was 235. 10 months later it was 45. And as you know, it was not the only one biting the dust!
If you'd asked the TV dummies, or FA believers, they would come up with 'crudeoil crisis' etc. The fact remains, it did fall in the abyss. The down wave had begun, it had to complete. Same thing seems to be going this time... 'Conclusion must satisfy the logic' (a Vulcan friend told me.
). Hey Paul
Higher it goes, better would it be for the bears, bud. After all, the healthiest polar bears roam up in the North, in the Arctic!
By the way, that yesterday's little beauty was held down by the today's rangebound onslaught. It held its ground. If my counting of Demark seq is right, it will go up, even for a few points - matching Nifty's corrective up move.
Re: Reliant
Eagle, you got a way with words.
BTW, did my mystery forecast match up with you view at all?
Eagle, you got a way with words.
BTW, did my mystery forecast match up with you view at all?
Irfan bro, In the past 10 months or so, since I started trading, I have read and heard hundreds of the finest traders all over the world. The only unsaid thing I could read between those thousands of lines: "Only the foolish trader trusts the market. The wise is terrified of it."
I am always scared while trading. Period.
Having said that, I also remember while trading: "I only trust myself, my own eyes, my own judgement. Cause it is my money."
So market goes up, I am with it. Goes down, I am with it. Doesn't mean that my stops don't get hit anymore, they do. But now I don't get hit. Cause now I stay loose. I'm OK either way.
As far my jesty 'total annihilation' thing, well, I give you a curious example. In Jan 2008 IDFC was 235. 10 months later it was 45. And as you know, it was not the only one biting the dust!
If you'd asked the TV dummies, or FA believers, they would come up with 'crudeoil crisis' etc. The fact remains, it did fall in the abyss. The down wave had begun, it had to complete. Same thing seems to be going this time... 'Conclusion must satisfy the logic' (a Vulcan friend told me.).
Hey Paul
Higher it goes, better would it be for the bears, bud. After all, the healthiest polar bears roam up in the North, in the Arctic!
By the way, that yesterday's little beauty was held down by the today's rangebound onslaught. It held its ground. If my counting of Demark seq is right, it will go up, even for a few points - matching Nifty's corrective up move.
I am always scared while trading. Period.
Having said that, I also remember while trading: "I only trust myself, my own eyes, my own judgement. Cause it is my money."
So market goes up, I am with it. Goes down, I am with it. Doesn't mean that my stops don't get hit anymore, they do. But now I don't get hit. Cause now I stay loose. I'm OK either way.
As far my jesty 'total annihilation' thing, well, I give you a curious example. In Jan 2008 IDFC was 235. 10 months later it was 45. And as you know, it was not the only one biting the dust!
If you'd asked the TV dummies, or FA believers, they would come up with 'crudeoil crisis' etc. The fact remains, it did fall in the abyss. The down wave had begun, it had to complete. Same thing seems to be going this time... 'Conclusion must satisfy the logic' (a Vulcan friend told me.
). Hey Paul
Higher it goes, better would it be for the bears, bud. After all, the healthiest polar bears roam up in the North, in the Arctic!
By the way, that yesterday's little beauty was held down by the today's rangebound onslaught. It held its ground. If my counting of Demark seq is right, it will go up, even for a few points - matching Nifty's corrective up move.
That is why I am trading, Paul. So that in a year or two I can be with the words 24/7 - my own words, that is.
Yeah, Paul, it did match up in a way. I was counting on its sudden upshot defying market's general trend. But it got bogged down in a narrow range traffic today. But the way it's doing varoom-varoom, I am looking forward to a breezy ride!
Yeah, Paul, it did match up in a way. I was counting on its sudden upshot defying market's general trend. But it got bogged down in a narrow range traffic today. But the way it's doing varoom-varoom, I am looking forward to a breezy ride!
It could be like like a tractor pull rather than a breezy ride to begin with. Wait until the weekly (If I remember right.) matches up. You'll be taking the express on MH (Market Highway).
That is why I am trading, Paul. So that in a year or two I can be with the words 24/7 - my own words, that is.
Yeah, Paul, it did match up in a way. I was counting on its sudden upshot defying market's general trend. But it got bogged down in a narrow range traffic today. But the way it's doing varoom-varoom, I am looking forward to a breezy ride!
Yeah, Paul, it did match up in a way. I was counting on its sudden upshot defying market's general trend. But it got bogged down in a narrow range traffic today. But the way it's doing varoom-varoom, I am looking forward to a breezy ride!
I live in the cornfields. I'll be driving along at 55 mph (88kph), and all of a sudden, I'm coming up on a tractor going 15 mph (24kph).
There are also tractor pull competitions in our area.
Wellingtons!? Are you from UK, Australia, or maybe New Zealand?
There are also tractor pull competitions in our area.
Wellingtons!? Are you from UK, Australia, or maybe New Zealand?
I know it will be a while. But I live in a village, Paul. Tractor ride from the slushy fields to the highway has always been more welcome than muddying the Wellingtons, I guess.
[
Hi TTG! The cloud as extended into the future is still following hot on price action, and there is still a lot of weight on it pressing it lower. I would look for 757 and even 722 to contain before any kind of a correction will ensue.[/QUOTE]
hi paul,
thanx a lot. i am looking to get in for a reversal.will keep in mind your levels
Hi TTG! The cloud as extended into the future is still following hot on price action, and there is still a lot of weight on it pressing it lower. I would look for 757 and even 722 to contain before any kind of a correction will ensue.[/QUOTE]
hi paul,
thanx a lot. i am looking to get in for a reversal.will keep in mind your levels
TTG, You are welcome. The quote you accompanied is for Tata Motors when I messed up. The following is for Tata Steel when I corrected it:
TTG, you picked a doozy.
This market is definitely preparing itself for a move north. You so rightly pointed out how far it has ranged under the 4-hour cloud. The daily chart is also in perfect agreement. Also, a look at the monthly shows a thin cloud already being hit, which will eventually be taken out going south, but for now, should contain.
A look at the hourly, though, shows the market has traveled east, which implies the possibility of one more lower low, which should be traveling towards my WS2 at 447. After that move has been completed, think north for at least a correction of the downtrend. Minimum expectation before the month is out is my MS3 at 521. The bottom of the daily cloud is 584, and that should not be ruled out.
Longer term, I am still expecting the drop to continue to 245.
hi paul,
thanx a lot. i am looking to get in for a reversal.will keep in mind your levels[/QUOTE]
TTG, you picked a doozy.
This market is definitely preparing itself for a move north. You so rightly pointed out how far it has ranged under the 4-hour cloud. The daily chart is also in perfect agreement. Also, a look at the monthly shows a thin cloud already being hit, which will eventually be taken out going south, but for now, should contain.
A look at the hourly, though, shows the market has traveled east, which implies the possibility of one more lower low, which should be traveling towards my WS2 at 447. After that move has been completed, think north for at least a correction of the downtrend. Minimum expectation before the month is out is my MS3 at 521. The bottom of the daily cloud is 584, and that should not be ruled out.
Longer term, I am still expecting the drop to continue to 245.
hi paul,
thanx a lot. i am looking to get in for a reversal.will keep in mind your levels[/QUOTE]
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