I was thinking if I could come up with a scenario that would maintain the markets sideways motion and help reduce the overbought levels of the breadth and near term oscillators. A wave B triangle may do that. A tight abc-x pattern can also do that. This is just having fun with waves.
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5 comments:
Hi..Piazzi,
Having fun while the traders sweating it out..!!
No santa rally this time..?
Are we to wait, then, for the Obama rally.?
Which would fit into the wave possibilities.
Here, in Indian markets, finally, the negative divergences in the hourly has taken its toll on the prices and we have come off the highs and entered into a trading mode..
After the terrorists attacks on the Premier Hotels, The Taj Palace & the Oberoi in Mumbai, the two Hotels reopened on Saturday with the hotel guests giving a standing ovation to the entire Hotel Staff who helped in the rescue act.Difficult times have brought out the best in people.
Best regards
llango,
I can sweat and have fun at the same time, like going to the gym, or playing football
So you are from Mombai? I am glad the city is recovering from that awful atrocity, senseless savagry
The counter trend rally is like Godot of the play by Beckett
at least you had a good rally on Nifty, I guess I should move to India and set shop there, seems like you have a more dynamic market, and the next world economic big move should be done by India, I guess
thank you piazzi for you opinion about our india, you are most welcome,
as for our most of technical people NIFTY will fall again to oct08 low in the near term what do you think?
Karuppannan,
unfortunately, I do nit follow nifty close enough to have any opinion
Wishing you happy, healthy & profitable New Year
2009 !!!
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