Some of my forecasts
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I talked about the WR2 being possible containment in my Weekly Forecast. AS you can tell by the chart, it has held up fine to this point. The bottom of the bearish daily cloud is not .8222. I also talked about the weekly kijun as possible containment. It has dropped to .8216, so it has also contained. A huge reversal is around the corner, and it will take the crosses with it.
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I talked about the WR2 being possible containment in my Weekly Forecast. AS you can tell by the chart, it has held up fine to this point. The bottom of the bearish daily cloud is not .8222. I also talked about the weekly kijun as possible containment. It has dropped to .8216, so it has also contained. A huge reversal is around the corner, and it will take the crosses with it.
Sbi
This market could be due for another small trip southeast. Afterward, it should be ready to begin a strong correction in earnest. Once we get a daily close above the tenken at 2057, then it should be straight to the kijun at 2199. From there it would be possible for a shot at 2350, but that is not confirmed yet.
This market could be due for another small trip southeast. Afterward, it should be ready to begin a strong correction in earnest. Once we get a daily close above the tenken at 2057, then it should be straight to the kijun at 2199. From there it would be possible for a shot at 2350, but that is not confirmed yet.
Eagle, I may have misunderstood you. You said the following: "Paul, the way I am looking at the whole thing. I think your Nifty forecasts still haven't reached the 'sell-by-date'."
Were you asking if my system has a way of detecting not only a price of reversal but a date?
Were you asking if my system has a way of detecting not only a price of reversal but a date?
I know how to figure out reversal points. Don't need verdicts, buddy. Second opinions, particularly from wise friends? Always, welcome! 
It's OK, Paul
'Sell-by-date', a figure of speech, I used after going through your post in which you said the spike had 'rampaged through the weeklies'. All I meant was that the yesterday's upmove might itself be spikey due to huge gap-up opening, and things might fall back in the groove. However, another gap-up today may be a signal for the up move way beyond 5200...I haven't done my analysis yet. So can't be sure.
To be honest, Paul. I really don't care wherever nifty goes, up or down. All I care is, my trade be in the same direction, my entry/exit be precise - and at the end of the day, my ledger should be in the +ve, even though showing just a few pennies as profit. I'd accept that with gratitude.
'Sell-by-date', a figure of speech, I used after going through your post in which you said the spike had 'rampaged through the weeklies'. All I meant was that the yesterday's upmove might itself be spikey due to huge gap-up opening, and things might fall back in the groove. However, another gap-up today may be a signal for the up move way beyond 5200...I haven't done my analysis yet. So can't be sure.
To be honest, Paul. I really don't care wherever nifty goes, up or down. All I care is, my trade be in the same direction, my entry/exit be precise - and at the end of the day, my ledger should be in the +ve, even though showing just a few pennies as profit. I'd accept that with gratitude.
Eagle, I'm glad you cleared it up. I did completely misunderstand your question, and then answered it based on my interpretation of your question.
I agree with you totally. I don't care which market I'm in or which way I'm going. When it moves, I want to be moving in the same direction.
I think much further than 5200 is going to be a tough barrier. The initial hit on the 4-hour cloud is going to be extremely tough to penetrate.
I agree with you totally. I don't care which market I'm in or which way I'm going. When it moves, I want to be moving in the same direction.
I think much further than 5200 is going to be a tough barrier. The initial hit on the 4-hour cloud is going to be extremely tough to penetrate.
You got that right, Paul. Judging by the its 115 odd points single-day drop from 5335 at the begining of the month, I would myself be surprised if it could make it beyond 5220s!
That's why I mention on Sudoku's thread. 5135+ closing is crucial (5137.835, to be precise. Don't ask me how I reached this number!
)After that, it might just be playing out of that old proverb: you can't cross a chasm in two leaps!
Now, I am gonna have a stiff drink, Miles Davis on stereo. No trading talk or thought for at least next 48 hours!
Take care and good night
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