Saturday, July 28, 2012

NIFTY ELLIOTT WAVE ("DARE TO FORECAST ?")


I WOULD LIKE TO LABEL IT AS 1 - 2 , 1 - 2. (EXTREME EXTENSION COULD TAKE PLACE IN FUTURE)   NIFTY AT WAVE JUNCTURE AT THIS MOVEMENT. 

1 comment:

Dean Market Profile said...

I am not a fan of explaining wave counts by fundamentals. But the scenario you are labeling is super bullish, though I myself am bullish in the near term, I would like to know your thinking process behind such a staggering possibility. I am aware of the fact that sometimes while applying EWP you get this gut feeling about a certain count, that's what Prechter has termed the "Elliott Touch", but still I would like to be in on the theory you might have for such a bullish view. This is just an intellectual curiosity on my part, no judging.