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  #21 (permalink)  
Old 24-03-2009, 08:13 PM
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Here is the yearly chart of India. Possibly the longest historical chart showing super cycle degree wave count. The moot question is whether, wave V ended at 2008 high or was it only primary wave 1? If it was V then we have a very long bear market and we have just completed a wave of this bear. If it was first primary wave of V at 2008 high
then we have possibly completed primary wave 2 at oct.2008 low and a new bull market has begun. The elimination process is narrowing now and we have only two counts at hand. But, remember b waves are notorious for their uncertain behaviour and can challenge the tops like impluse waves as you saw this in DOW rise from 2002 to all time high of 2007oct. This was a corrective b wave but still a thriving bull market. So,we should stick to our methods of Trading and our discipline while keeping the big picture in mind if you are an elliott wave analyst not follow elliott blindly.

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  #22 (permalink)  
Old 24-03-2009, 09:14 PM
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pls see attached chart signalling a ABC correction on intermediate level.
1st DP box trgt = 3028...2dy high was 3015...& a shooting star,
bottom trgt = 2464 as of now...wht i want to know is is this information correct...& for a layman like me whose elliot wave knowledge =0 & who doesnt want to spend time on learning elliot waves, can these leves be put to use in trading...
if any has advanced get , can he post the MOB levels as found there.

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Old 25-03-2009, 07:13 AM
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Vicram,

Is this what you wanted.

Asish

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Old 25-03-2009, 07:25 AM
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oops. You guys are always way ahead of me. mine is manual method you have all the
automated things for wave analysis already.
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Old 25-03-2009, 07:34 AM
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Originally Posted by Vinay View Post
oops. You guys are always way ahead of me. mine is manual method you have all the
automated things for wave analysis already.

The charm of automating elliott wave analysis is that the historical signals adapt to changing market conditions (in other words, disappear suddenly).
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  #26 (permalink)  
Old 25-03-2009, 07:41 AM
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Once PRIMARY wave C (and CYCLE wave B) is complete, CYCLE wave C will begin. CYCLE wave C will be the final wave of the current SUPERCYCLE. Given the various time relationships within the SUPERCYCLE wave, it is likely that it will last until 2016. Pricewise, it may seem laughable now with the current market in turmoil, but 8 years from now we could see the DJIA at 37484 or even 60650. Why? Because the gain in the next CYCLE wave C should have a mathematical relationship (1:1 or a Fibonacci multiple) to the first CYCLE wave A. CYCLE wave A rallied from 40.56 to 195.59, a multiple of 4.822x. If the recent low holds for PRIMARY wave C, then 7773.71 x 4.822 = 37484...4.822 x 1.618 x 7773.71 = 60650. These numbers do seem incredible now, but the percentage gains are not unusual for CYCLE wave bull markets...especially bull markets that follow bear market flat patterns (flat corrective patterns imply great strength in the succeeding wave). The United States, its economy and the stock market have undergone turbulence and great difficulty many times during the current SUPERCYCLE, but they have always managed to rebound. I don't think this time will be any different. The time to worry will be when the SUPERCYCLE comes to an end.
Fibonacci time relationships suggest that the SUPERCYLE will last until 2016 or 2021.

Last edited by rajatheroyal; 25-03-2009 at 07:45 AM.
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  #27 (permalink)  
Old 25-03-2009, 07:43 AM
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Originally Posted by rajatheroyal View Post

Once PRIMARY wave C (and CYCLE wave B) is complete, CYCLE wave C will begin. CYCLE wave C will be the final wave of the current SUPERCYCLE. Given the various time relationships within the SUPERCYCLE wave, it is likely that it will last until 2016. Pricewise, it may seem laughable now with the current market in turmoil, but 8 years from now we could see the DJIA at 37484 or even 60650. Why? Because the gain in the next CYCLE wave C should have a mathematical relationship (1:1 or a Fibonacci multiple) to the first CYCLE wave A. CYCLE wave A rallied from 40.56 to 195.59, a multiple of 4.822x. If the recent low holds for PRIMARY wave C, then 7773.71 x 4.822 = 37484...4.822 x 1.618 x 7773.71 = 60650. These numbers do seem incredible now, but the percentage gains are not unusual for CYCLE wave bull markets...especially bull markets that follow bear market flat patterns (flat corrective patterns imply great strength in the succeeding wave). The United States, its economy and the stock market have undergone turbulence and great difficulty many times during the current SUPERCYCLE, but they have always managed to rebound. I don't think this time will be any different. The time to worry will be when the SUPERCYCLE comes to an end.
March 2009 supplement...With the March 9th new intraday low, the calculations are slightly revised as follows: 6440.08 x 4.822 = 31054...6440.08 x 4.822 x 1.618 = 50245. Fibonacci time relationships suggest that the SUPERCYLE will last until 2016 or 2021.

Superb
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  #28 (permalink)  
Old 25-03-2009, 07:53 AM
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ok. I follow Prechter or standard elliott. Whose analysis is it? Analyst nomenclature is different.
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  #29 (permalink)  
Old 25-03-2009, 08:24 AM
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saw somewhere in net.
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Old 25-03-2009, 08:57 AM
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It would be better if we stick to our market. yesterdays high is important for bullish case. If it is crossed comfortbaly in coming days third wave will be in force.
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