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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Thursday, December 11, 2008

    view on market...



    nifty has been showing some negative divergence for 2-3 days on various indicators and 2950 being on upper trendline could not be crossed, if any move on upperside is pending it could be upto 2980-3020 after which a good shorting opportunity(or on break of intraday trendline which will run between 2875-2925 during intraday for tomorrow) exists upto 2690/2550. reliance also seems max upside till 1380 after which may turn downwards toward 1050 etc.

    today is 30th day from the day of making low of 2253 or 61.8% timewise of downmove from 4650-2253. on our ew counts, for the terminal impulse C of C-4, 3 waves seems completed and today and a couple of days were expected to be down days((4) of C of C-4) upto eod trendline, followed by an upmove.

    2 comments:

    Ilango said...

    Excellent microtechnicals and wave counts and consistent throughout.

    Simple but so effective.

    Abhay, How long have you been exposed to EW ?

    Best regards

    abhay r somkuwar said...

    thanks so muchilango, well about 2 years or slightly more on ew ilango, i came late in mkt 4.5 years ago and started ta about 3-4 years back on excel eod line charts:), wished i was in mkt before bull run of 2003 may have been gr8 advantage to cash on investments, got serious on ta abt 2.5 years back only and as a blogger since last august 2007 though been posting on ta forums for last 3 years, managing some relatives and mine invst and trading pfs directly, kept reading from net and practising on charts, thats the history of me in stock mkts:).

    regards.

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