Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Friday, September 23, 2011

Nifty EOD 23.9.2011-Updated

From yesterday
Q
This W5 shall be a 5 wave form and it is most difficult to say where sw1 and sw2 of this w5 shall end.
So far:
sw1=5168-4908* where it would end I cannot say,particularly in the light of today's gap-down and momentus fall which has not made any fractals.
UnQ

Today it seems sw1 of this W5 ended at , courtsey Shriram's posers (pl have a look at the comments) I have to make a change here, at 4830 .
sw1=5168-4830=338
sw2=4830-4930* and as this move was a clear 5 wave form so sw2 is not over as yet.And we can label its discernible fractals as:
a=4830-4930=100
b=4930-4857*
This b can do upto 138.2% of a (if sw2 chooses to make an Expanded Flat)and then c to the up;
or
can turn back as c to the up from here itself(if sw2 chooses to do a zig-zag).
However,in both the case , a visit above 4930 is most probable and then a turn around to the downmove as the most fast & furious sw3.

And if the length of this sw1 is any indication then we are on for quite a long W5,may be longer tha the expected 615 points--

Have a nice week-end.

Raghu

9 comments:

  1. dear guruji,

    Q
    b=4907-4830=77(128%)
    UnQ

    Sub waves within this B do not support a ZZ
    b.swa 4906 4877 -29
    b.swb 4877 4886 9 -31%
    b.swc 4886 4829 -57 197% (more than 161.8%)

    How are u counting this "b" ?? Can u pls give the sub waves pls

    urs

    ReplyDelete
  2. Dear Guruji
    Aatmapranaam

    Thanks for the suggestion of the plain vanilla counts. Indeed this C5 seems to be keen on doing much more than the initially projected 615 points.

    Assuming sw3 to be a furious one and the longest one, this will ideally do 1.618 times sw1 giving us a target of 519 points to DOWN from the point where sw3 starts. The most plausible length of the downside seems to be 2.618 of sw1 i.e. 840 points from the start of C5 giving us a potential target of 4329

    All I have for you right now is the Attitude of Gratitude with the way you keep things simple and guide us with your insights.
    [and yes - I still remember your point - 1 leher 1 time]

    Jai Bajrang Bali

    ReplyDelete
  3. Dear Shri,
    Baat to aapki theek hai--
    I calculated only the percentage part and my (aging) eyes could not count such a small degree waves--
    Anyways sw2 is still on--- lets see how & where it ends.
    Best of luck
    Raghu

    ReplyDelete
  4. guruji,

    Indeed, sw2 may be ON, in all prolly count can be looked @ thus:-
    5.sw2:
    a: 4829-4930 = 101 pts (3 waves)
    b.swa: 4930-4867** = 63 pts in play

    b.swa can do ruffly 4840, and then up thru b.swb & so on ..

    monday dekhte hein, have a great weekend :-)

    urs
    SMO

    ReplyDelete
  5. While I agree with
    Q
    5.sw2:
    a: 4829-4930 = 101 pts (3 waves)
    b.swa: 4930-4867** = 63 pts in play
    UnQ

    what b will do has some more probabilities--
    depending upon whether sw2 turns out to be a flat or zig-zag. Would wait a little to take position for sw3--

    :-)

    And was happy to learn that it was your "best trading week"--- and it shall become better than the best as we move ahead-- HHHHHH

    Raghu

    ReplyDelete
  6. sir,

    aapka fulltoo-phatak bole to itna dhing chak blessing mil gaya,

    aur kuch nahi mangta apun, life set ho gayeli hein ;-)

    ReplyDelete
  7. Dear sri Raghu

    I accidentally saw your blog.In the past I never understood the waves and its behaviors. But what is helpful to a novice like me is to get to know the counts better than before as you are making it simpler if not simplest to say the least. I need to continue to follow your counts and get to learn better.

    One question to you, whether this will be applicable to index only or might be apply to stocks too.

    Thanks for your great gesture in sharing your profound thoughts on these counts.

    Regards

    Srikanth

    ReplyDelete
  8. Dear Shrikanth,
    Welcome to EW club.
    Yes EW works well with stocks also.Why only stocks,it works with commodities as well.
    To know more,do visit elliotwave.com link for which is available here.
    Raghu

    ReplyDelete
  9. Dear sri Raghu,

    As I thank you for your prompt reply, I will start to look into elliotwave.com link sent by you.

    A request to you

    Please bear with me for any future elementary and novice queries

    Would request your email Id so that I can reach you there once a week

    Regards

    Srikanth

    ReplyDelete

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