Expanding diagonal here

Wrong again in the counts. Its not like I have to change the whole count but just the smaller fractals . We are doing that 5th wave to complete the larger 3rd wave and this really looks like that rare Expanding DIAGONAL. We had a very good rally today . Only to give up the gains in what was the BIGGEST hourly sell-off I have ever seen ; to give up nearly 150 points in the NIFTY .

I have a feeling i have got this correct . One thing I read about Expanding Diagonals is that the vth wave travel faster and cover greater distance. So it really looks like we are headed down in a big way . My favourite target 5135 . Its the 161.8% of 1/A. Lets see. Thanks. 

NIFTY Updates both LONG term and very SHORT TERM

I got two charts . One long term and one very short term. First the long term one . This is WolfeWave  which i saw recently. Bad news for Bulls. It looks like we are heading down in a big way . The target shows 3400-3600 area. Not sure about the time . But we are in a IMPULSIVE BEAR market .Remember that .See the chart below:

The other chart below is a very short term one . The 5 minute chart showing target for the next 2-3 days . While it definitely helps to know the log term trend  but this short term is really more important to us  because the options contracts are at most 3 months long and we really cant buy 3800 PUTs for next year and sit on our asses sipping beer. All investors must be TRADERS here.And make quick decisions. So lets see below .
In one of the post below " Pretty charts and FORECAST "  i had posted the same chart . I am adding one more thing , the WolfWave to it.

Things to watch here are the red lines and blue line. We came back after hitting that red lower line and that was also around 78.6% retracement of ( i ). So i consider it as ( ii ) .Now on Monday keep a look at these lines and point c particularly. Since elliot wave rules state that ( ii ) cannot retrace more than the origin of ( i ) .
The blue trend line also seems like its broken and we are starting the ( iii ). Finally we ave a WW pattern where the green line is showing target of around 5120 area.

Dont worry .We will not have to wait too long . It will be all clear by Monday, i.e tomorrow.
Thanks.

Pretty Charts and FORECAST

More detailed chart. That 5232 point , if broken then down we go to 5100 area.

When we finish , we will complete wave 3 . Then start a little rally.

Forecast

Forecast.

Minute details

We should start the ( iii ) of the vth of the 5th of this bigger 3rd wave. 5 minute charts below. The trend line touched and down again.

Thanks.

NIFTY Updates

In one of the intra-day updates for NIFTY below , i said the maximum upside was 5339 which was the 38.2% retracement . Isnt it such a good feeling that exactly the same point will be touched by the retracing wave.

We are doing the 5th wave of this C ( 3rd ) and inside that we have now completed the ( 4 ) th . We are looking at 5 minute charts because its very important to know which wave you are in to be able to make good entry and exit points. After hitting that 38.2% retracement level it sharply turned downwards , only to retrace again . So i guess we have our ( i ) and ( ii ) of this ( 5 ) th wave . The chart is shown below .

That ( ii )  retracement was a strong retracement touching a little over 78.6% . So we can expect the ( iv )  to be a short retracement clocking around 23 to 38 % . But that we will see later. So now according to our count  we should be doing the DREADED  ( iii ) . So bulls should be heading for the BUNKERS on Monday . Most probably we will be completing the 5th wave ( i.e ( iii ) , ( iv ) and (v ) )  on Monday itself. That would also complete this C wave . That would mean we will be seeing a more than 150 points fall on MONDAY !!!!!  

This hourly chart shows where we actually did today's bounce . Exactly at the trend lines . That came at 5232.  If that breaks , the FALL would be hard.    

Lets see what happens on Monday . Thanks.

Charts show target 5118

We may go down even below that . But the charts say minimum downside target 5118. The below is a 5 minute chart .

Short when that upper trend line is broken . 

NIFTY intraday UPDATE

We are doing ( iv ) th of this 5th wave inside a larger C (3rd ) wave. Lets look at the 5 minute chart .

Yesterday we completed the 3 with the BIG fall. Since 2 retraced exactly 61% of the 1st , we shouldnt see more than 39 % retracement of this 3 by the 4. That means maximum upside 5339. Dont know how far down we go. But 5118 looks like a good target .But we will definitely be having a very good rally may be by next week to 5600 area atleast .

Thanks.

SLV (Silver targets)

People are talking about Silver targeting $40 as well as $52 ----$56. In the long term those targets may be easily
surpassed. But for now not much Upside is seen . $36 may be a good area for shorting Silver. It may even go to $40. But targets for Silver is around $22----$25 area.

Both the charts below showing correction ahead. The sell zone however has not arrived.

Thanks.

Is it a bird ...is it a plane ...is it a drone ...or is it a Flying Mullah.....NOOOOOOO....its the stock markets ....LOOK at them CRASHHH

LOOK at the post below . Yesterday I told that we are doing the vth of this C wave . Yesterday we completed ( ii ) and had just started ( iii ). See the PLUNGE today. Absolute massacre .We opened GAP down and then no stopping. When the bears have their day even the best of the bulls are no match . Massive 545 points fall in BSE and 174 point fall in NSE. Dont worry . Bulls will have their day. But we still have a long way to fall.

5300 PUTS were selling for .60 paise today . At the end of the day it was 29 rupees!!!!!!!!! Lucky bastard whoever got that.

We will be filling that GAP on our way up.

But till then , happy shorting. Thanks.