Indian Charts: Nifty--Fractal Forecast

Saturday, October 29, 2011

Nifty--Fractal Forecast

Look at the Nifty daily chart and counts below.

I dont have 50 years of data with me . So i was just looking for similar patterns and I found one. This is the Nifty from June culminating with the MAURITIUS Collapse.

1 comment:

lalitlkOctober 30, 2011 at 5:41 AM
Interesting observation.
What is ur target going down?
The way Nifty got support around 4720-30, i think, that may be low for rest of the year.
ReplyDelete
Replies

Add comment

Words of WISDOM

"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

---Jesse Livermore

"What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play."

--Jesse Livermore

Total Pageviews

Saturday, October 29, 2011

Nifty--Fractal Forecast

1 comment: