Thursday, December 22, 2011

http://techniftytrader.blogspot.com/

http://techniftytrader.blogspot.com/

Can you please contribute your input to the following, so that it helps us have realistic target.

Now it is confirmed that Wave E completed @4532 and it has taken 9 trading sessions. So the Up move from 4532 is labelled as Wave F and it may be in the up move for 9 to 14 tradings sessions and possible target is 4986 say 5010 Tolerance limit). If NIFTY fail to cross 5010 then market may correct by about 980 points in less than 33 trading sessions.

Remember we already completed two trading sessions and we are 250 points away from highest possible target 4985 and the remaining trading session for this upmove to be completed is 7 to 12 trading sessions.

If market goes above 5010 then the target will be 5510 and time factor may be around 33 trading sessions.

Tuesday, December 6, 2011

FIRE- LONG TERM BUY FROM 2012

http://firecharts.blogspot.com/2011/12/next-bull-market-may-be-closer-than-we.html#comment-form

So we get 2 confluence zones of time. Another 4 weeks or around 10-15 weeks. That would mean either by first week of January 2012 or second-third week of February 2012. Third Week of March at most, but no more.

The correction is not over. So why post this article so early? Because I would like to invest in any fall now. The last part of a major correction is the best time and place to pick the cherries and enjoy the best the market can provide. Because, I believe that this is the best opportunity to buy for the next few years.

Wednesday, September 21, 2011

wave 4 ending at slow macd coming upto zero and then reversing

wave 4 ending at slow macd coming upto zero and then reversing.

AshishAg said...

Ilango Ji,
I love your Day and MACD chart. You have said it so many times about wave 4 ending at slow macd coming upto zero and then reversing. I have a feeling that this is again going to happen.
Ilango Ji- i have no words to express my gratitude!

Sunday, September 18, 2011

www.harmonictrader.com


In the website http://www.harmonictrader.com/ once you login (free Login) theny send to you by mail a 305 pages PDF file. It gives a detail analysis about all the standard harmonic patterns. In the same link there is another pdf file which gives about the shark pattern which is slight variation in the usual patterns. But it is very useful.

The next link:
http://www.harmonicpatterns.com/
There is a ratio table in this website which gives good guideline for various retracement ratios. This table I have given in the Harmonic trading excel sheel in just nifty google groups.

The link below gives a very comprehensive view of the harmonic patterns. This is the first article which got me interested in Harmonics.
http://www.investopedia.com/articles/forex/11/Harmonic-Patterns-In-The-Currency-Markets.asp#axzz1YJJIdRtO

You can find all these links in this blog under Educative material.

Thursday, September 15, 2011

ew as on 16.09.11 j.n


6339 to 5177 - A (in 3 waves)
5177 to 5944 - B (in 3 waves)
5944 to 5329 - 1 (alt. is till 5196)
5329 to 5740 - 2 (with irregular "b" making 5196 low)
5740 to 5497 - "i"
5497 to 5702 - "ii"
5702 to 4720 - "iii" (It is also possible "iii" ended at 4796 and "iv"th @ 4966 & "v"th ended @ 4720)
So 5702 to 4720 - 3 (alt.view)

Hence 5329 would negate this 4th.

It could also be labelled as "ABCDE" and D leg is in progress moving upto the downward sloping trendline.

When you combine regular TA using macd/ stochastics, this ST uptrend was visible from 4720.

Tuesday, August 30, 2011