Friday, March 30, 2012

Current upmove not to last beyond 5977

EW analysis has one inherent feature.
Every wave is a subwave of higher degree.
The Corrective started from Diwali 2010 from 6339 downwards is not yet over.
But its first subwave (call it A or 1) was over at 4531 after playing out a diagonal(6339-4531=1808)
It second subwave(call it B or 2) is in play and at the most will do 5977(80% of 1808)


As an EW follower, one learns everyday. On looking back,one cannot help smiling at one's (silly) mistakes in labelling. Tomorrow, I may do the same for the above labels.

Raghu 
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2 comments:

  1. lalitlkMarch 31, 2012 at 8:40 AM

    Had been studying NIFTY charts over three years resulting in the followings:

    http://lalitlk-blogviewelliot.blogspot.in/2012/03/nifty-3-years-compilations-from-elliot.html

    Looking forward more elaborations over the corrective phase.
    Regards

    ReplyDelete
    Replies
    1. RaghuvanshiMarch 31, 2012 at 10:11 AM

      Thanks for putting up the compilations---
      Regds,
      Raghu

      Delete

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