NSEI update 30 Oct 2011

No matter how good your analysis your fate depends on your data! Occasionally, you might think your data is wrong, when it is indeed correct, and suffer a fate that is just as bad. I think (still not sure) I am in the latter camp as far as NSEI is concerned. As I...

Elliott Wave Analysis of India’s NSEI

I have been receiving a steady stream of requests for an update on India’s main Stock Index. So I am presenting several charts that should guide readers in the near term. Please share with your friends and invite them to the club! Elliott Wave Analysis of India’s NSEI...

Elliott Wave Counting of Dubai Financial Market Index

A reader has posted a comment that he ran into trouble with the rule that the 3rd wave cannot be the shortest. (I bought your book and reached the “Rules of the game” Tried to implement it on the DFM Index Chart Starting from the March 2011 bottom i started marking. I...

Qua Vadis NSEI

I suggest that you read this even if you have no interest in Indian Stock markets! There are always learning opportunities. “Qua Vadis” or “Where are you going” NSEI is the question uppermost on traders’ mind in India. Having reached 4800, and wiping away the small...

Jai Ho! Nifty reaches 4800!

Jai Ho! Nifty reaches 4800! (Thanks to Vidhan for the catchy comment) This is a moment of elation for all those who believe in Elliott Wave Analysis, and how one can use it to profitably trade the financial markets. I think I did 5 posts in all about the Nifty,...

Elliott Wave Analysis of Shanghai SE Composite Index

Elliott Wave Analysis of Shanghai SE Composite Index reveals a five wave rally that completed at 3478. That level was just about 38.2% retracement of the whole big move down from 6120 to 1655. If you examine the internal waves of the rally to 3478, you will see that...