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Tuesday, March 13, 2012

Defty analog :Guide to future

I was looking all over the 1998, 2000, 2004 charts to find out similar patterns , upmoves , corrections which we are undergoing now. But surprise surprise, i found what I was looking for in a time frame much nearer ,2009.!!!

The situation was similar . After a significant correction, central banks pumped in liquidity and markets started to rise. After a long rise , the below scenario took place. Click on charts.

now see the current Nifty path. We should go up till 21st march . Then using the same ratio 0.666 we find correction will occur till 29th march . Then April-May should see another BULLrun like Jan-Feb.

Ride on.

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