Some of my forecasts
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Sbi
This market may need an additional move south before the correction begins. Look for it to reverse at the WS1 at 1972. The correction should take out the daily TL at 2182, and then lead into a consolidative eastward move before the next major leg south. The circa area of 2182 could be containment for this week.
This market may need an additional move south before the correction begins. Look for it to reverse at the WS1 at 1972. The correction should take out the daily TL at 2182, and then lead into a consolidative eastward move before the next major leg south. The circa area of 2182 could be containment for this week.
Hi Paul
Mr. Desi from San Jose informed that you were away, and gave a link to your other thread. Thanks to him. I never knew it existed!
Those are great nuggets! Now, buddy, one question. Why the hell do you want to make my job easier. I like things to be difficult! Ego problem, haven't you noticed?
Hey, just joking! Thanks for all your time on TJ. You are a great help. Scratch Tucker's ears for me. God bless you. Take care, and Good night.
PS. In reply to your previous post, yes, I lived and studied in the UK for more than a decade. Had Australian friends (mates, to be precise), almost emigrated to New Zealand 4 years back. Wellingtons, I still have for the rainy season - and, of course, for walking in half-a-foot deep snow !
Mr. Desi from San Jose informed that you were away, and gave a link to your other thread. Thanks to him. I never knew it existed!
Those are great nuggets! Now, buddy, one question. Why the hell do you want to make my job easier. I like things to be difficult! Ego problem, haven't you noticed?
Hey, just joking! Thanks for all your time on TJ. You are a great help. Scratch Tucker's ears for me. God bless you. Take care, and Good night.
PS. In reply to your previous post, yes, I lived and studied in the UK for more than a decade. Had Australian friends (mates, to be precise), almost emigrated to New Zealand 4 years back. Wellingtons, I still have for the rainy season - and, of course, for walking in half-a-foot deep snow !
I know why I have to scratch Tucker's ears for you. That eagle's beak would be kind of rough on him.
Hi Paul
Mr. Desi from San Jose informed that you were away, and gave a link to your other thread. Thanks to him. I never knew it existed!
Those are great nuggets! Now, buddy, one question. Why the do you want to make my job easier. I like things to be difficult! Ego problem, haven't you noticed?
Hey, just joking! Thanks for all your time on TJ. You are a great help. Scratch Tucker's ears for me. God bless you. Take care, and Good night.
PS. In reply to your previous post, yes, I lived and studied in the UK for more than a decade. Had Australian friends (mates, to be precise), almost emigrated to New Zealand 4 years back. Wellingtons, I still have for the rainy season - and, of course, for walking in half-a-foot deep snow !
Mr. Desi from San Jose informed that you were away, and gave a link to your other thread. Thanks to him. I never knew it existed!
Those are great nuggets! Now, buddy, one question. Why the do you want to make my job easier. I like things to be difficult! Ego problem, haven't you noticed?
Hey, just joking! Thanks for all your time on TJ. You are a great help. Scratch Tucker's ears for me. God bless you. Take care, and Good night.
PS. In reply to your previous post, yes, I lived and studied in the UK for more than a decade. Had Australian friends (mates, to be precise), almost emigrated to New Zealand 4 years back. Wellingtons, I still have for the rainy season - and, of course, for walking in half-a-foot deep snow !
Infosys
This market has a chance for a move to the WS1 at 2146 before staging a recovery. It could be huge. The MS3 is a whopping 2723, which gives an idea of how out of control this things has been in its southern journey, even though I did mention somewhere this market is headed to the top of the monthly cloud at 1742.
The 4-hour TL is currently at 2513, but dropping to the tune of 25 points per day. Once on the other side, the move should continue to the daily kijun at 2627, and then get consolidative before it prepares for another leg south.
The area to watch for is the reaction at the 4-hour TL. If it holds, then it is obvious the new lows this market will be making in rather quick time.
This market has a chance for a move to the WS1 at 2146 before staging a recovery. It could be huge. The MS3 is a whopping 2723, which gives an idea of how out of control this things has been in its southern journey, even though I did mention somewhere this market is headed to the top of the monthly cloud at 1742.
The 4-hour TL is currently at 2513, but dropping to the tune of 25 points per day. Once on the other side, the move should continue to the daily kijun at 2627, and then get consolidative before it prepares for another leg south.
The area to watch for is the reaction at the 4-hour TL. If it holds, then it is obvious the new lows this market will be making in rather quick time.
Reliant Ind
Very similar to the Indian markets this week, the WS1 at 713 appears to be containment. In terms of a channel the daily and 4-hour appear to be wide open for plenty of additional room for a drop. The 4-hour is extremely OS, and a divergency pattern has long been awaiting to be played out Just another nature of freight trains.).
The daily has been flattened in OS territory since it knew what 835 was like.
The tell tale sign is the weekly. It has hit the bottom of the SD channel, and is saying, "This is enough. The train has pulled into the station, and it is now time to head back north."
The first indication the correction has begun will be a form break of 750. The real test will be what it will do when it gets back to 827. A break of that level might indicate a trend reversal.
Longer term, 627 has to hold towards the south, or this market will be headed to sub-300.
Very similar to the Indian markets this week, the WS1 at 713 appears to be containment. In terms of a channel the daily and 4-hour appear to be wide open for plenty of additional room for a drop. The 4-hour is extremely OS, and a divergency pattern has long been awaiting to be played out Just another nature of freight trains.).
The daily has been flattened in OS territory since it knew what 835 was like.
The tell tale sign is the weekly. It has hit the bottom of the SD channel, and is saying, "This is enough. The train has pulled into the station, and it is now time to head back north."
The first indication the correction has begun will be a form break of 750. The real test will be what it will do when it gets back to 827. A break of that level might indicate a trend reversal.
Longer term, 627 has to hold towards the south, or this market will be headed to sub-300.
Chf/jpy
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I mentioned to watch for the daily cloud to contain this initial leg south, and that is what we see has happened. The correction will take the pair back to at least 101.66 and most likely the TL combo at 102.18.
Uploaded with ImageShack.us
I mentioned to watch for the daily cloud to contain this initial leg south, and that is what we see has happened. The correction will take the pair back to at least 101.66 and most likely the TL combo at 102.18.
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