Obsvs. : BULL RUNS OFTEN EMERGE OUT THE MOST UNLIKELY OF TURAROUND PTS,
The following clues pt to Nifty ji having found the BOTTOM @ 4532
1. Month Price has breached UTL
2. Intra-Month Candle has moved UP & BEYOND 5Month-HEMA (currently @ 5372) ,
3. HIGHLY BULLISH SIGN IF FEB'12 CANDLE CLOSES ABOVE 5372 - Will Satisfy C1 for SMO SAR on ULTRA LONG T/F!!!!
4. Monthly PSAR Support Blob appears - Very High probability that we have FORMED THE BOTTOM @ 4531
5. Preferred EW counts on Longer T/f:
W.A 6339 5177 -1162
W.B 5177 5944 767 -66.0%
W.C 5944 4728 -1216 104.6%
X 4728 5400 672 41.7% of W
Y
Y.A 5400 4639 -761
Y.B 4639 5100 461 -60.6%
Y.C 5100 4532 -568 74.6%
SMO SAR VERDICT:
If Prices Closes ABOVE 5372 @ end of Feb'12 : I WOULD BET MY HOUSE ON THE MOTHER OF ALL BULL RUNS!
cheers
My dear SMO - just one caveat to the verdict - classic TA reccomends that a verdict be pronounced basis 3 periodic candles;
ReplyDeleteThe breakout of the DZZ from 6338 seems very real now at the back of daily/weekly candles; however, since the illustrated chart in this post is monthly, IMHO, the verdict should be pronounced only after Mar '12 candle.
baaki to maiya ji ki mastaani chaal maiya hi jaane...HHHHH
Right, tks for the in/pts naagi.
ReplyDeleteLets keep it ROBOTIC :-)
C1: price close above 5372
C2: 5mnEMA - 10MnEMA BULL X-over
If both satisfy, we go LONG... forget all else, if ur tracking SMO SAR
cheers :-)