mkt is still in uptrend, longs can hold as long as lower trendline is held closing basis. positional shorting time yet to arrive. we are still in last part of C-4 wave upside may be upto 3134 etc so a good time to start booking profits in longs, after which C-5 downwave will begin which can go upto 2000 etc.
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Monday, December 22, 2008
still in uptrend...
Posted by
abhay r somkuwar
at
10:16 AM
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5 comments:
ab sir at what point it will be confirmed that c4 finished so that i could short .
Regards
shibu, todays lvl is marked on chart, but taking extreme low point on chart todays safer lvl is 2980, this will go up each day by about 30 points.
regards.
ab sir,
i have send mail with my ew count kindly revert back.
Regards
hi shiv, i got ur chart its quite good, but i'd like to add, pls see that for correct labelling it satisfies all the ew rules, i.e number of subdivisions, extension, alternation etc.
regards.
abhay you may send me too
my id kar.maghil@gmail.com
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