Some of my forecasts

[4xpipcounter]

Gbp/aud

This one looks hot!
I mentioned in my previous post of the possibility of the bottom of the cloud at 1.5056 being hit. The bottom is now 1.5030, and it was also hit on Thursday, as now some consolidative action is taking place on the bottom of the cloud. It is preparing to form a base, and then going to the moon. Initial MT R will be the daily tenken at 1.5434, and then the daily kijun, currently at 1.5585.

 

[4xpipcounter]

Eur/aud

Looking similar to its cousin, the GBP/AUD. The bottom of the cloud is 1.3212. From that circa area we should see a reversal that takes the pair to the daily tenken at 1.5434 and the kijun at 1.5585

 

[4xpipcounter]

Aud/cad

1.0532 contains as the next move should be south towards the top of the daily cloud at 1.0337, and then possibly the kijun at 1.0222.

 

[4xpipcounter]

Aud/usd

This pair appears to be losing the battle with the daily cloud and if that is the case, then put the tenken at 1.0562 on your radar.

 

[4xpipcounter]

Aud/chf

This pair just hit the top of the daily tenken. It still has further to go south. The kijun at .8004 is in view.

 

[4xpipcounter]

Nzd/cad

This pair began the drop last month then regressed. It's going to do it again, only deeper. Longer term, put the monthly tenken on your radar at .7736. That's monstrous for this turtle.

 

[4xpipcounter]

Ichi indication

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Here's a combination SD channel, ichi and stochastics forming a confluential indication of the upcoming drop as forecasted in the previous post.

The tenken and kijun have both leveled on top of the cloud (BTW, strong support.). It has hit the top of the SD channel. The only thing that has not happened is the stochastics crossing. There is too much happening at the time to suggest it won't.
The weekly is right near the top of the channel, and the red TL (drawn from the weekly) has been broken, so it is now R.
Hang on to your seat belts! This jet is headed south!

 

[timepass]

Re: Nifty monthlies--0911

Nifty NSE 5897 5495 5254 4783 4554 -4127

4127-5897 is a huge range. I guess the extremes will only come if there is a continuous one way movement.... or do you expect a lot of tug of war ?? Any observations on volatility in this period ?

 

[4xpipcounter]

Re: Nifty monthlies--0911

Timepass, since I devised my SR's, both 3's have never been hit in one TF. Even one of the 3's gets hit in a highly trending market.
The MR3 will not be hit. Those days are finished until the longer term DOWN is finished. There is too much confluence to suggest that.
As far as the MS3 is concerned, you are right concerning the one-way movement. The month started in the middle of a corrective move. Just within the scope of my S&R's (Without any other evidence.), about 75% of the time there is a 3-spot move, which incorporates the total trend of the calculation. I believe on of 3 scenarios will play out in September:
1. The easiest view would be a move to the MR1 at 5254, and then the reversal takes it to the MS2 at 4554.
2. MR1 is hit, then the market goes sideways, and then continues to the MR2 at 5495 before getting plundered to the MS1 at 4783.
3. Either the MR1 or the MR2 gets hit, market consolidates, and we only get a 2-spot move for the month.

The last scenario is the most likely. Last month was a heavy one-way move so the range for a trend is headed north. That range needs to be corrected, so the standard 3-spot move may not be realized this month.

4127-5897 is a huge range. I guess the extremes will only come if there is a continuous one way movement.... or do you expect a lot of tug of war ?? Any observations on volatility in this period ?

 

[4xpipcounter]

Indian Market Weeklies--090311

Nifty NSE 5267 5161 5098 4972 4911 -4801
SBI 2104 2053 2023 1962 1933 -1880
Infosys 2432 2379 2348 2285 2254 -2200
Reliant 884 847 824 781 761 -720