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Here is a bold statement from Mark Galasiewski from Elliot wave international forecasting a top near 6000 before a retracment occurs
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Elliot Wave Forecast : Nifty at 6000
5 sec read
Now it’s confirmed after two signals, that markets are going to crash, after these stupids over TV recommend 6000.
Regards
V e n k a t
i agree completely…but one final euphoria rally might come in before the crash..not 6000 definetely…may be 5500,,,
Venkatji,
🙂 Well said. Whatever market have their own movements. We can simply trade with out own risk, rest the market will do better than out predicitons.
Elliott Wave has one prediction in this video. Prechter, their boss at Elliot Wave International, has been waiting for the decline since November 2009. All said and done, a nice video , and who knows predictions come true.
Below I give two links to where Morgan Stanley thinks markets are heading to : have a look. They disagree with Elliot Wave International
http://pragcap.com/morgan-stanley-stocks-are-set-to-decline-in-2010
http://pragcap.com/morgan-stanley-the-rally-is-near-its-end
Thank You
from when he predicted about crude & nity, these two started their opposite movement!!!!!!
wat a gr8 analysis by this person…..
Hahahaaaaaaaaa…..
These man deserve a real accoladee…….
Everybody laughed at him then & noWW NIFTY almost 6000 ……..kudoss