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BSE going for the 5th


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#1 dcengr

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Posted 12 January 2007 - 01:08 AM

Ugg the A should be 5, then we get A down that is.. anyways GOING FOR 5TH.

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Edited by dcengr, 12 January 2007 - 01:08 AM.

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#2 dcengr

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Posted 12 January 2007 - 01:35 AM

Updated chart.. see my count coming true so far!

I'm an EW noob but if this works out, then I get upgraded to junior EWist.

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#3 bearish04

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Posted 12 January 2007 - 02:05 AM

I trade futures & options on the BSE/NSE. I think we are in the final wave as the normal market leaders hve become laggards and side counters have started zooming. Having said that I am certain we will go higher than your 14k projection, I think to nearabouts 15k before the correction starts. Remember thrusts of a triangle formation are allways strong and in the last 2 trading days we are up about 400 points.Timewise also we have to give the 5th its opportunity to excite every1 before the correction starts. Cheers B04

#4 dcengr

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Posted 12 January 2007 - 02:08 AM

I trade futures & options on the BSE/NSE. I think we are in the final wave as the normal market leaders hve
become laggards and side counters have started zooming.
Having said that I am certain we will go higher than your 14k projection, I think to nearabouts 15k before the correction starts. Remember thrusts of a triangle formation are allways strong and in the last 2 trading days we are up about 400 points.Timewise also we have to give the 5th its opportunity to excite every1 before the correction starts.

Cheers
B04


Thanks but if you read my blog, I'm timing it with the fall of US markets. I think NDX put in a 5th, and Dow is ready for 4. My blog is listed in my signiture.
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