Market outlook as on 31.01.2010:
The Gist of all msgs written since Dec09 is:
Under monthly scale the wave 4th has been completed at 2250 with the following wave counts:
Wave4A 6357-4448= 1910 points.
Wave4Ba 4448-5548= 1100 points 61.8% of wave A
Wave4Bb 5548-3790= 1790 points 161.8% of wave Ba
Wave4Bc 3790-4650= 860 points 50% of wave Bb
Wave4C 4650-2250= 2400 points 261.8% of wave Bc
127.0% of wave A
And we were into larger wave 5th on monthly scale from 2250. internal labelling of this monthly scale wave 5th was given as follows:
Wave1 2252 - 3147 with internal 1-5 subwaves
Wave2 3147 - 2540 with internal abc subwaves
Wave3.1 2540 -3124 with internal 1-5 subwaves
Wave3.2 3124 -2965 with internal abc subwaves
Wave3.3 2965 -4694 with internal 1-5 subwaves
Wave3.4 4694 -3918 with internal abc subwaves
Wave3.5 3918 -5182 with internal 1-5 subwaves
Wave4 5182 -4538 with internal abc subwaves
Wave5 4538 „»„» with internal 1-5 subwaves
The internal wave labelling of wave5 from 4538 onwards was marked as follows:
Wave 1 4540-4718 = 178 pts
Wave2 4718-4610= 108pts
Wave3i 4610-4836= 236pts
Wave3ii 4836-4764= 72pts
Wave3iii 4764- 5080= 316pts
Wave3iv 5080-4932= 148pts
Wave3v 4932-5182= 250pts
Wave4a 5182-5052= 130pts
Wave4b 5052-5182= 130pts
Wave4c 5182-4942= 240pts
Wave5 4942„»„» tgt1 5240 tgt2 5350-70 tgt2 5480
This last subwave5 of wave5 within the monthly scale wave 5th was marked to end at any one of the following tgts:
tgt1 5150-5180 achieved now
tgt2 5230-5250 achieved now
tgt3 5340-5370 almost achieved
and the tgt was achieved as 5310 which marked the end of subwave5 of wave5 within the monthly scale wave 5th and the total uptrend from 2250 in the form of monthly scale wave 5th came to an end there.
It was clearly written on 03.01.2010 that :
we are running into the last wave 5 from 4538 onwards which is the last wave of the total uptrend so one has to be careful in the coming days with possible end of total uptrend from 2252
and the gist of all invalidation points in all the scales breakdown of which would mark the end of uptrend in that scale was also given and it is to noted that all invalidation points were broken down later on with the commencement of downtrend
In monthlyscale 4950-4930 weekness below 5000-5020 broken
In weekly scale 4950-4930 weekness below 5120-5140 broken
In daily scale 5020-5000 weekness below 5120-5100 broken
We once again repeat the part of msg dated 27.12.2009 where it was mentioned :
Except for the alternative or new possibility which give tgt1 of 7700 and higher but only after possibility II is nullified , otherwise we say
when ever the subwave5 runnning from 4540 of wave5 running from 3920 of the larger wave5 running from 2250 ends it will end the total uptrend running from 2250. So afterwards it will followed by correction.
Accordingly we shorted heavily around the 5250-5300 lvls and
Taking 5310 as tentative top we calculated the following targets:
As per the running possibility I we can have shallow correction to
Taking into account that we will continue again as part of larger5th
Of the total rise:
From 2250*21% 5310-2250=3060*21%=640 * 4670
From 2250*24.6% 5310-2250=3060*24.6%=750 * 4560
Of the last rise :
From 3920*38.2% 5310-3920=1390*38.2%=530 * 4780
From 3920*50% 5310-3920=1390*50% =700 * 4610
From 3920*61.8% 5310-3920=1390*61.8% =860 * 4450
As per running possibility II we can have deeper correction to
Taking into account end of the largerB and into the largerC
Of the total rise:
From 2250*38.2% 5310-2250=3060*38.2%=1170 * 4140
From 2250*61.8% 5310-2250=3060*61.8%=1890 * 3420
From 2250*70.0% 5310-2250=3060*70%=1890 * 3170
From 2250*80.0% 5310-2250=3060*80%=1890 * 2860
Of the last rise :
From 3920*100% 5310-3920=1390*100%=1390 * 3920
From 3920*127.2% 5310-3920=1390*127.2%=1770 * 3540
Now the present case scenario:
Considering the above case of shallow correction only we are having the following tgts 4780 , 4670, 4610, 4560, 4450 in this order + - 20 points and tgt1 of 4780 stands achieved now while rest are pending.
the case of shallow correction converting into deeper correction will come into scenario only on generation of breakdown of 4560 and will be confirmed by the further breakdown of 4450 only
the present wave labelling from 5310 for the given downtrend is as follows. The is liable to change with passage of time as the waves unfolds in the down trend:
wave1 or A 5310 ¡V 5170 =140 pts
wave2 or B 5170- 5290= 120 pts app 86% of 1 max can 98%
wave3 or C 5290 „»„» going on
to further fine tune we can count it as
wave3i 5290 - 4760 =530 pts
wave3ii 4760 „» „» tgt1 4880-4900 Achieved
tgt2 4950-4970 pending
tgt3 5000-5020 pending
the wave 3iii can start from any of the given tgts opening lower tgts as already given
Note: THE INVALIDATION POINT FOR THIS MONTHLY SCALE DOWNTREND AS ON TODAY STANDS AT 5100-5120 THOUGH EARLY SIGNS OF STRENGTH WILL BE BREAK OF 5000-5020 FOR THE MONTH OF FEBRUARY 2010
Note: THE INVALIDATION POINT FOR THIS WEEKLY SCALE DOWNTREND AS ON TODAY STANDS AT 5030-5050 LVLS FOR CHANGE OF TREND THOUGH EARLY SIGNS OF STRENGTH WILL BE BREAK OF 5000-5020
NOTE: THE INVALIDATION POINT FOR THIS DAILY SCALE DOWNTREND AS ON TODAY STANDS AT 4950-4970 LVLS FOR CHANGE OF TREND THOUGH EARLY SIGNS OF STRENGTH WILL BE THE BREAK OF4900-4920 LVLS
The Gist of all msgs written since Dec09 is:
Under monthly scale the wave 4th has been completed at 2250 with the following wave counts:
Wave4A 6357-4448= 1910 points.
Wave4Ba 4448-5548= 1100 points 61.8% of wave A
Wave4Bb 5548-3790= 1790 points 161.8% of wave Ba
Wave4Bc 3790-4650= 860 points 50% of wave Bb
Wave4C 4650-2250= 2400 points 261.8% of wave Bc
127.0% of wave A
And we were into larger wave 5th on monthly scale from 2250. internal labelling of this monthly scale wave 5th was given as follows:
Wave1 2252 - 3147 with internal 1-5 subwaves
Wave2 3147 - 2540 with internal abc subwaves
Wave3.1 2540 -3124 with internal 1-5 subwaves
Wave3.2 3124 -2965 with internal abc subwaves
Wave3.3 2965 -4694 with internal 1-5 subwaves
Wave3.4 4694 -3918 with internal abc subwaves
Wave3.5 3918 -5182 with internal 1-5 subwaves
Wave4 5182 -4538 with internal abc subwaves
Wave5 4538 „»„» with internal 1-5 subwaves
The internal wave labelling of wave5 from 4538 onwards was marked as follows:
Wave 1 4540-4718 = 178 pts
Wave2 4718-4610= 108pts
Wave3i 4610-4836= 236pts
Wave3ii 4836-4764= 72pts
Wave3iii 4764- 5080= 316pts
Wave3iv 5080-4932= 148pts
Wave3v 4932-5182= 250pts
Wave4a 5182-5052= 130pts
Wave4b 5052-5182= 130pts
Wave4c 5182-4942= 240pts
Wave5 4942„»„» tgt1 5240 tgt2 5350-70 tgt2 5480
This last subwave5 of wave5 within the monthly scale wave 5th was marked to end at any one of the following tgts:
tgt1 5150-5180 achieved now
tgt2 5230-5250 achieved now
tgt3 5340-5370 almost achieved
and the tgt was achieved as 5310 which marked the end of subwave5 of wave5 within the monthly scale wave 5th and the total uptrend from 2250 in the form of monthly scale wave 5th came to an end there.
It was clearly written on 03.01.2010 that :
we are running into the last wave 5 from 4538 onwards which is the last wave of the total uptrend so one has to be careful in the coming days with possible end of total uptrend from 2252
and the gist of all invalidation points in all the scales breakdown of which would mark the end of uptrend in that scale was also given and it is to noted that all invalidation points were broken down later on with the commencement of downtrend
In monthlyscale 4950-4930 weekness below 5000-5020 broken
In weekly scale 4950-4930 weekness below 5120-5140 broken
In daily scale 5020-5000 weekness below 5120-5100 broken
We once again repeat the part of msg dated 27.12.2009 where it was mentioned :
Except for the alternative or new possibility which give tgt1 of 7700 and higher but only after possibility II is nullified , otherwise we say
when ever the subwave5 runnning from 4540 of wave5 running from 3920 of the larger wave5 running from 2250 ends it will end the total uptrend running from 2250. So afterwards it will followed by correction.
Accordingly we shorted heavily around the 5250-5300 lvls and
Taking 5310 as tentative top we calculated the following targets:
As per the running possibility I we can have shallow correction to
Taking into account that we will continue again as part of larger5th
Of the total rise:
From 2250*21% 5310-2250=3060*21%=640 * 4670
From 2250*24.6% 5310-2250=3060*24.6%=750 * 4560
Of the last rise :
From 3920*38.2% 5310-3920=1390*38.2%=530 * 4780
From 3920*50% 5310-3920=1390*50% =700 * 4610
From 3920*61.8% 5310-3920=1390*61.8% =860 * 4450
As per running possibility II we can have deeper correction to
Taking into account end of the largerB and into the largerC
Of the total rise:
From 2250*38.2% 5310-2250=3060*38.2%=1170 * 4140
From 2250*61.8% 5310-2250=3060*61.8%=1890 * 3420
From 2250*70.0% 5310-2250=3060*70%=1890 * 3170
From 2250*80.0% 5310-2250=3060*80%=1890 * 2860
Of the last rise :
From 3920*100% 5310-3920=1390*100%=1390 * 3920
From 3920*127.2% 5310-3920=1390*127.2%=1770 * 3540
Now the present case scenario:
Considering the above case of shallow correction only we are having the following tgts 4780 , 4670, 4610, 4560, 4450 in this order + - 20 points and tgt1 of 4780 stands achieved now while rest are pending.
the case of shallow correction converting into deeper correction will come into scenario only on generation of breakdown of 4560 and will be confirmed by the further breakdown of 4450 only
the present wave labelling from 5310 for the given downtrend is as follows. The is liable to change with passage of time as the waves unfolds in the down trend:
wave1 or A 5310 ¡V 5170 =140 pts
wave2 or B 5170- 5290= 120 pts app 86% of 1 max can 98%
wave3 or C 5290 „»„» going on
to further fine tune we can count it as
wave3i 5290 - 4760 =530 pts
wave3ii 4760 „» „» tgt1 4880-4900 Achieved
tgt2 4950-4970 pending
tgt3 5000-5020 pending
the wave 3iii can start from any of the given tgts opening lower tgts as already given
Note: THE INVALIDATION POINT FOR THIS MONTHLY SCALE DOWNTREND AS ON TODAY STANDS AT 5100-5120 THOUGH EARLY SIGNS OF STRENGTH WILL BE BREAK OF 5000-5020 FOR THE MONTH OF FEBRUARY 2010
Note: THE INVALIDATION POINT FOR THIS WEEKLY SCALE DOWNTREND AS ON TODAY STANDS AT 5030-5050 LVLS FOR CHANGE OF TREND THOUGH EARLY SIGNS OF STRENGTH WILL BE BREAK OF 5000-5020
NOTE: THE INVALIDATION POINT FOR THIS DAILY SCALE DOWNTREND AS ON TODAY STANDS AT 4950-4970 LVLS FOR CHANGE OF TREND THOUGH EARLY SIGNS OF STRENGTH WILL BE THE BREAK OF4900-4920 LVLS
No comments:
Post a Comment