Time To Stick My Neck Out "Nifty 5000"

[uasish]

So 4058.70 is really obstinate ,Bulls are giving fight,this level was in the chart since long.

 

[uasish]

So 4058.70 was a simple support line known as Lakshman Rekha on the charts since long & i posted the screen shot at 4th August.To all type of specialist a simple support line is inoccuous until some type of grand name or complex wave formation is promoted.This is the 2nd time my sticking the Neck out ,once on 28th Feb & at 4th August has given a Neat 100 points in Nifty Fut.

 

[uasish]

To-day 4153.85 may turn to be an important level.

 

[uasish]

So chart warned us,now the weekly charts says 4122.10 ,let us see to-morrow ,to-day it closed below that (un-adjusted).

 

[uasish]

The EW theory is probably one of the most talked about theory & you will find many of us interested
& practising the same.For last 5 yrs i am trying to fathom this elusive subject.
Elusive becoz many a time the wave count changes as new high/low Pivot point & new Fib levels
emerge.Precisely 1 reason why i dislike EW ,becoz it is based on Hindsight which is Dynamic not
Static on charts.Still EW has certain useful advantage ,like zeroing in one 1 stock when we are
unable to decide between 2 or more signals produced by another methodology.
At Times when Mkt falls ,when people are cluless about the downside they try to take recourse of
EW practitioner's view.Or when Mkt is highly volatile the EW practitioner's try to mark the wave
points in the chart to forecast future.
Each EW practitioner's view may differ from others becoz this theory always has an Alternative
count ready ,"If this happens fine ok otherwise this can also happen",as that is the basic nature
of the Theory itself ,on top of this 'Pretcher' / 'Glen Nelly' / "Neo Wave"
(our own Vivek Patil ) / so many school of thoughts to make the matter further worse.
As even a student who Fails & stays in the same class for 5 yrs Learns a little bit of the
subject ,my knowledge of EW is limited to that extent.
All of us who does not have any idea of EW atleast know that Nifty Fut is now hopeless ,it has
completed the 5th Wave & now in Down wave .
This is my own subjective analysis of Nifty Fut :=

Nifty Fut is in Upward 5 waves and now in 4th wave.

Before refuting (a small information to all those who practise EW), plz be informed i can mark all
the wave counts / major / minor ,satisfying all the condition as per the Book.
In conclusion personally i follow only Price & never base any of my desicion Only on EW.
This post is only for the EW practitioners ,as with upto yesterday's Data i can prove as per the
Rules laid down in the Theory book with marking all the Major / minor waves that Nifty fut is on
5 upward & we are now in 4th wave.If you want to refute mark your charts & i will post mine with
the markings for verification ,you will find all within the Rule book.
This actually proves NOTHING except EW is a FLUID theory,never depend ONLY
on EW ,i use it as confirmatory function.
For new members swayed away with EW theory ,plz note ONLY EW is not the answer.

 

[uasish]

To-day 4091.70 will guide us ,bias upwards.

 

[amitt29]

Uasish, 5 upwards from when and where,kindly give more more details.

Thanks and regards
Amit.

 

[uasish]

To-day 4091.70 will guide us ,bias upwards.

So Mkt gave an Upward Bias .

 

[uasish]

Uasish, 5 upwards from when and where,kindly give more more details.

Thanks and regards
Amit.

Amit,
Sorry you will have to wait upto 9.30pm ,i will be free by 9.00pm , will post the chart with all relevant major wave counts & minor ones also.By the by do you agree with my count ok otherwise plz enlighten us with your count plz.
Asish

 

[uasish]

So our pre-mkt forecast of upward bias ness caught many on the wrong foot ,mkt is always like that frnd.