USA market near the end of upmove.

...........................................................................................................................................Finally USA mkt at last up move,,,see we had predicted dow tgt of 10300,10400 in august month (read august post for more deails),,,dow now near it.

our mkt also at pause mode,waiting for USA..............

in our mkt OFF LOADING at higher lvl continue.,,since last one and half month with range bound movement.....

.........be ready for the big down move in all world mkt with dow jones and s&p 500.no one will save from it ,this is the best time to empty all your entire portfolio.

if dow jones pass some time at higher lvl before start

collapse,than only we can expect some bounce in our mkt ,it has rare chance...

so better ,,,,to use all this bounce to exit from all portfolio.

dont forget after offloading portfolio you will get good chance for re-entry only after long time say one or two month ,,perhaps more time,,as this is the big correction.remember delivery based buying selling needs good patience always.

market will start down ward move for 14100,200 first target.

market at decisive mode... sensex target is 16557.....now market very near to it. most likely market will start down ward move from it.lower target is 14100 and 12800,12700.
if market want to continue it's up ward move than it has to close above 16600,,,for two three days constant.which has very rare possibility.
see sensex at second tgt zone in between 16550 to 16700,this is predicted very earlier in this blog(see chart posted in june 5 earlier post.)
time to be cautious.most likely mkt will take some time here as dowjones tgt of 10000,10300 not achieved yet, interesting to see is our mkt wait for dow or takes it's own way(probable down wave),
one thing is sure before down ward move start,,, one good whipsaw zone dull narrow ranged trading zone,good distribution zone expected as smart money wants offload at higher lvl always.

range bound market.

All our last predictions prove right.
1.'''''
i had predicted 15600 and 16500,700 as tgt for up move start from 8050,nifty similar tgt from 2700 t0 4600,4700.this prove right sensex made our first tgt point to point 15600 and than start correction.
2."""
in the area of correction again bounce of 15000 predicted.
this is also prove right.
3."""
again predicted down ward move after 15000, sensex touch 15100 and than down for 13220.
(all the past this predictions posts available here in this blog)
now the market at big range consolidation zone ,the range is 3700 to 4900.
valuations are little bit at higher band but too much liquidity from fii side keeps our mkt at higher zone.
Dow Jones will play major role for our mkt next action.Dow 9500 is big resistance cross over of it will leads Dow at 10300,400,we have to watch Dow Jones at 9500 and than if Dow start for 10400 it's effect on our mkt.

afraid to trade.com elliot wave counts. similar to our count....

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Per multiple reader request (thank you to all my followers in India!), I am updating my analysis on Indias Nifty 50 Index, beginning this week with the long-term 10-year Monthly Structure.Lets take a quick look at a possible large-scale Elliott Wave count and also a Fibonacci Confluence (three price levels) chart on the monthly timeframe - a key turning point may be ahead soon.The market rallied sharply off the 2003 lows near 1,000 and peaked in January 2008 at a price high of 6,350 - an absolutely impressive rise to be sure.Look closely and you can see an arc rise (not drawn) off these lows as price went parabolicin its last few months - a classic warning of a top being formed.We see the Elliott Wave count (from 1 to 5) as the market rose 600% in value. We now appear to be in a corrective phase, and perhaps are finishing the (second) wave of a larger corrective move to retrace a larger portion of this price rise.This count would assume that the final Corrective wave down is on the horizon, which could take price back down to test the 2,500 level yet again in the months and perhaps next year to come.We have already retraced 61.8% of the move from the 2003 lows to the 2008 highs, so perhaps the corrective phase has run its course - that would be the alternate scenario.The alternatescenario would assume that instead of the 5-wave decline I have labeled as ,

instead had a complex corrective move down - perhaps in the order of ABC - X - ABC to end the correction, which places us squarely in Wave 1 now of a new bull market and expecting a corrective Wave 2 down (not to the lows - but perhaps to the 3,500 level) to begin.I think it counts better as a correction instead of a new bull market, but we need to be open to this possibility.Either way,

the Next Likely Swing appears to be a down one, whether it be the final Wave C or just a corrective Wave 2 - that is where I find Elliott Wave helpful - not in absolute forecasting, but in confluence counting in regards to the next likely swing.Speaking of confluence, lets take a look at a Confluence Fibonacci Grid using three price lows to begin our retracement to the closing high in January 2008.Two of the 3 grids overlap about the 4,400 level, which you see is exactly where price is located now.In fact, that is the only major overlapping confluence level we see using these grids on the chart.This implies that price is at a critical node and could be unable to overcome this confluence level to the upside - in other words, it could serve as key resistance.Last month also formed a Spinning Top candle, which is often seen and associated with key turning points in a market.As a caveat, there no guarantee of any absolute prediction into the future, but for now, we have the following

:

Possible Wave C (or Wave 2) down about to beginPrice at a critical Fibonacci Confluence Node around 4,400A Spinning Top candle formed in June on the confluence nodeA solid close above 4,800 and especially 5,000 would overrule these bearish omens, but until then, it might pay to be defensive on the long side at these levels

, understanding that the Nifty is at confluence resistance ties into the thesis that the S&P 500 is forming a possible reversal pattern down (Monthly signal and also Daily Head and Shoulders with momentum/volume divergences) - and adds a layer of confirmation that both markets appear poised for corrections)

.Corey Rosenbloom

CMTAfraid to Trade.com

sensex at down trend

• ,,,,,,,,,

• after achieving our sharp tgt of 15600 now sensex at down move.running is b wave of down move.... c down wave remain...will bring down the mkt again at lower lvl..

bse elliot wave tgt

dow and sensex at big consolidation time,with good news support from US econonomy

dow jones and sensex at big consolidation zone, say nine months to one year.

This current rally is only one more bear mkt rally.

out of ten economy news 6 reamin with positive tick..

The measure is based on 10 components,six of which increased in February:

interest rate spread;

index of supplier deliveries;

building permits;

real money supply;

manufacturers' new orders for consumer goods and materials;

and manufacturers' new orders for non defense capital goods.

Some of those six indicators enjoyed surprising upticks in recent economic data.

Housing starts unexpectedly surged 22% February, after falling for eight months. It was the first time housing starts increased since June.

The remaining four components declined:

average weekly initial claims for unemployment insurance;

stock prices;

index of consumer expectations,

and average weekly manufacturing hours.

The components in decline aren't surprising after a slew of negative reports. The number of people filing initial claims for unemployment benefits fell slightly last week, but continuing claims hit a fresh record high of more than 5.47 million. The unemployment rate is up to 8.1%, the highest level in 25 years.

Stock prices rallied last week, but the Dow Jones industrial average is still down almost 50% from its peak in October 2007.Consumer confidence fell to a three-month low in February.

This good news support from US economics front will provide good support to dow jones to form bottom at 6400 lvl.this 6400 is most likely the final bottom for dow,similarly our mkt will also form bottom around 7200 to 7500 sensex zone But majority time, movement zone will in between 2500 to 3200 in terms of nifty.those who are waiting for 3200 above move will find it any way for next sixth months time atleast.With lots of whipsaws, with common tech tools, this time will prove most challanging time for traders.

see small wave count of dow and sensex.

also see the sensex flat running which is earlier posted in my this blog at 9th feb.now this possibility comes true.follow this count now.