The Nifty Trading Lounge

[Taurus1]

the next low is on Sept 2nd, ±1

Low is done, the next high is on Sept 7th, ±1

 

[Taurus1]

The Indian, Hong Kong and Chinese markets have their final new high for this year on Nov 9th, ±2

The next new high for these 3 markets is in 2019

Remember May 18th or so, there was an out of the blue rate cut.

The rate cut forced the market up and prevented a reversal that was about to happen aka an inversion.

The artificial high of that move came on May 22nd, which the market struggled to move above, and from there, the Nifty dropped to the June low of 7940.

From nowhere a global inversion on Friday hit all markets....... there was no turning point on the 4th and it is the best thing that happened because it indicates that the bottom is nearby.

My earlier forecast of Sept 7th as a high, now becomes a low.

I am holding a good amount of relations money to be moved into the market and I will start buying as soon as I see confirmation that my forecast is correct.

More volat to come and the chors will do their best to shakeout weak hands.

 

[Taurus1]

From the last 10 years of data, there has never been 2 inversions within 12 days of each other.

Usually the gap is in months.

But then, in the last 10 years, the markets have never been this manipulated either, so something had to break.

A few truths have emerged.......

the Central Banks are powerless to stop a selloff

manipulated markets have deeper corrections

This article has been thoroughly researched. A surprising fact is revealed in that the market has it's biggest gains in the first 15 months of a new Govt.

PM Narendra Modi’s charm fails to work on the markets
http://economictimes.indiatimes.com...-work-on-the-markets/articleshow/48829366.cms

Image courtesy of the Economic Times

 

[Verde]

My earlier forecast of Sept 7th as a high, now becomes a low.

bhai, can I take portfolio?

 

[Taurus1]

I am holding a good amount of relations money to be moved into the market and I will start buying as soon as I see confirmation that my forecast is correct.

All money to be moved in today, no hedge.... stop at 7500.

bhai, can I take portfolio?

Go ahead and make sure you keep the stop.

 

[Taurus1]

This was a PM from a friend, I'm going to answer it here since it may help others too

greetings..
yours is the undoubtedly most valuable thread on TJ..
having one query..
more downside is expected according to your system..
I want to start SIP buying in few shares...shall I start now ?
thanks bro...and please keep posting :clapping::clapping:

Thanks for your encouragement...... if this thread can help only 1 person to make money or not lose then it has served it's purpose.

I have posted my entry and my exit will be before the top date, if there is any change it will be posted here.

As for SIP, just my suggestion. Don't go in individual stocks, go in ETF's or mutual funds for more safety.

Anything can happen to individual stocks, but the effect is buffered in a mutual fund.

Some of the fund managers are good fundamental pickers..... for a long term buy, worth following.

Massive gap up coming on Friday

 

[Taurus1]

The cartoon channels are jam packed with "after the fact" experts discussing the fall..... .yup they all knew it was going to fall........ it's just that they forgot to say it in advance.

Every time it goes up, the zero performance experts are buying and when it reverses, they are selling....... of course always after the direction changes, until then they are silent.

After the move, even my watchman knows what happened ...... any chance of making him an expert?

Yesterday, I was going to post the top date of Sept 24th, ±1, but got distracted. It appears that another inversion has taken place........ no surprise since global market manipulation is at the highest levels, ever.

Sept 24th, ±1 is now a minor low date, more volat and chop to come.

 

[Dax Devil]

The cartoon channels are jam packed with "after the fact" experts discussing the fall..... .yup they all knew it was going to fall........ it's just that they forgot to say it in advance.

Every time it goes up, the zero performance experts are buying and when it reverses, they are selling....... of course always after the direction changes, until then they are silent.

After the move, even my watchman knows what happened ...... any chance of making him an expert?

:lol: :lol:

Your post gave me a laughing start for the day. That's good omen. Thanks.

 

[amitrandive]

The cartoon channels are jam packed with "after the fact" experts discussing the fall..... .yup they all knew it was going to fall........ it's just that they forgot to say it in advance.
Every time it goes up, the zero performance experts are buying and when it reverses, they are selling....... of course always after the direction changes, until then they are silent.

After the move, even my watchman knows what happened ...... any chance of making him an expert?

Yesterday, I was going to post the top date of Sept 24th, ±1, but got distracted. It appears that another inversion has taken place........ no surprise since global market manipulation is at the highest levels, ever.

Sept 24th, ±1 is now a minor low date, more volat and chop to come.

One cartoon gave levels for trading the Nifty

7500-8200

:rofl::rofl::rofl:

I wonder how difficult is it to give a 700 point upper and lower levels difference ??

Even a small kid could do that if you show him the chart.:lol::lol::lol:

 

[TradeJoker]

Seems bad time for all experts, like Apple virus issue,Volkswagen etc.