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    Thursday, March 5, 2009

    update on my ew analysis...





    tentative wave counts are labelled as shown on the following chart:



    earlier i had pointed out 3 sub waves in each up and down wave forming on nifty chart. current subwave C-5-(3)-i has tgt upto 2568/2506.

    discl:sub waves labelling is tentative and ew analysis as such in general is speculative in nature, therefore should not be used for trading but useful for investment decisions.

    Posted by abhay r somkuwar at 1:08 PM

    3 comments:

    renu said...

    ab sir,
    you have marked c5(1)'s subwave as a & b instead of 1-5 ,why so.
    Regards

    March 5, 2009 at 2:02 PM
    abhay r somkuwar said...

    ya shivani, i used a,b,c since we have a corrective pattern forming inside an impulse wave, but instead i cud have used i,ii,iii which is much better i guess.

    March 5, 2009 at 2:21 PM
    maghil-happy in tamil said...

    abhay how are you?
    your analysis is fine i know it why i am studing it regularly !! k
    then try to post the target for
    5(2)
    best
    maghil

    March 5, 2009 at 10:27 PM

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