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Elliott Wave Analysis Of The NSE 20
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mnandii
#191 Posted : Wednesday, October 01, 2014 9:00:44 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
NSE INDEX at 5450 likely today or tomorrow. Otherwise I fear being long the market presently.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#192 Posted : Wednesday, October 01, 2014 9:01:52 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
poundfoolish wrote:
Metasploit wrote:
Boss..ur elliot wave never predicts upside price movements..just wondering


You missed the one that predicted Mpesa at 13:40?

And the posts on bull traps have been many and numerous...

smile
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#193 Posted : Wednesday, October 01, 2014 9:21:27 AM
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Have this handy as we enter the deflationary period.



From socionomics.net
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#194 Posted : Wednesday, October 01, 2014 2:19:39 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
My secondary school teacher used to tell us that our God is a god of order. There is evidence of this everywhere.

God's order is the Golden Spiral. Progress in nature is achieved by 3 steps forward and two steps backward. Hence the impulse wave.

There is nothing new under the sun!

From Wikipedia:
Quote:
In geometry, a golden spiral is a logarithmic spiral whose growth factor is φ, the golden ratio.[1] That is, a golden spiral gets wider (or further from its origin) by a factor of φ for every quarter turn it makes.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#195 Posted : Wednesday, October 01, 2014 2:33:22 PM
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Joined: 10/11/2006
Posts: 2,304
To the point.

"Charts tell the truth", Prechter.

As I have stated for most of this year, we are in the cusp of a very large bear market. The charts lend credence to this.

To reiterate, the NSE 20 Share Index should drop, within the next two years, to below 2360. Yes. You read that right!

Long term working chart:




The NSE has been climbing in wave B which I now anticipate to end at 5473.4 points. Details below.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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DBLyon
#196 Posted : Wednesday, October 01, 2014 2:39:01 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
mnandii wrote:
My secondary school teacher used to tell us that our God is a god of order. There is evidence of this everywhere.

God's order is the Golden Spiral. Progress in nature is achieved by 3 steps forward and two steps backward. Hence the impulse wave.

There is nothing new under the sun!

From Wikipedia:
Quote:
In geometry, a golden spiral is a logarithmic spiral whose growth factor is φ, the golden ratio.[1] That is, a golden spiral gets wider (or further from its origin) by a factor of φ for every quarter turn it makes.


What a walk down memory lane. @mnandii, did you study mathematics? I'm trying to remember which mad professor taught us the Fibonacci series. It must have been in Stochastic Modelling. I don't remember much of what he taught, but I went away and read up on the golden ratio, fascinated by the occurrence in nature.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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DBLyon
#197 Posted : Wednesday, October 01, 2014 2:41:52 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts??
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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mnandii
#198 Posted : Wednesday, October 01, 2014 2:42:21 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
NSE 20 share index has been in a triangle from April 2013 to recently. What we have now is a thrust from a triangle (which guys are wrongly thinking is a new bull market). Thrusts from triangles are ending moves. They show exhaustion of the main trend. When you see a triangle know that a reversal is at the corner.


Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#199 Posted : Wednesday, October 01, 2014 2:45:51 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
DBLyon wrote:
@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts??

There is alot of resources on Elliott Waves. Just give me a moment. Am sorting you.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#200 Posted : Wednesday, October 01, 2014 3:24:01 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Our triangle ended at 4863.87 points. The bull guys are happy about is the progressing impulse wave shown here.



So far we have waves 1,2, an extended wave 3 and a wave 4.

Like below:



Wave sizes:
Wave 1 = (5022.36-4863.87) = 158.49
Wave 2 = (5022.36-5003.78) = 18.58
Wave 3 = (5406.39-5003.78) = 402.61
Wave 4 = (5406.39-5216.96) = 189.43

Golden ratio relationships:

Wave 3 = Wave 1 X Fib. 2.618 = 414.93.
Accurate to within 12 points.

Wave 4 is about half wave 3.

Also notice alternation between waves 2 and 4.

Wave 2 is shallow and wave 4 goes deeply into wave 3.
Quote:
Alternation

The guideline of alternation is very broad in its application and warns the analyst always to expect a difference in the next expression of a similar wave. Hamilton Bolton said,

The writer is not convinced that alternation is inevitable in types of waves in larger formations, but there are frequent enough cases to suggest that one should look for it rather than the contrary.
Elliott Wave Principle: Key To Market Behaviour.

Quote:
Alternation Within Impulses

If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa

Elliott Wave Principle: Key to Market Behaviour.

The target of 5473.4 is obtained following the guideline of equality which states that if wave 3 is extended then expect wave 5 to be related to wave 1 by equality. Failing equality, a Fibonacci multiple should be applied.

Thus:
Wave 1 = 158.49
If wave 5 = Wave 1, then wave 5 should end at 5375.
Since this level has been surpassed the next target is:
Wave 1 X 1.618 = 158.49 X 1.618 = 256.44 points.
Added to wave 4 low gives a target of 5473.4 i.e [5216.96 + 256.44]
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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  | | Edit by user: Wednesday, October 01, 2014 3:26 PM | Reason: Typo
372 Pages«<1819202122>»
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