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.

dow at big consolidation zone

..........Dow jones now at big time frame consolidation zone. see the possible wave structure for future prediction,,

all suggests next days for time pass corrections only.

our mkt had started time pass correction earlier than world's other mkts.

i am expecting next one year range bound consolidation in all world mkts.

this will effect in our mkt move also, expecting flat or more big triangle perhaps descending,,,most likely flat correction in between 2550 to 3150 on the way....

one thing is sure we are at 4th wave of C ,,,,, till the date and,, no any sign of start of fifth wave.

ew count for US MKTalso from some big ew analysts of USA,,,

main problem of their count is it's not match with fibonacci no. for more details visit afraid to trade blog for these counts, links avilable in this blog.(see their count posted here)

there are two different type of counts available but both are not match with fibonacci properly.,,,, that is why my count differe from them, which is exactly match with fibonacci and other rules of elliot waves.