---------- Forwarded message ----------
From: Prashant Talpade <prashant.talpade@gmail.com>
Date: 9 February 2010 18:39
Subject: Elliot Wave Counts....Kind Attn: Pankaj Shah
To: Pankaj shah <pankaj564@gmail.com>, ekam ber <ekamber@gmail.com>, ekkas-reports@googlegroups.com
From: Prashant Talpade <prashant.talpade@gmail.com>
Date: 9 February 2010 18:39
Subject: Elliot Wave Counts....Kind Attn: Pankaj Shah
To: Pankaj shah <pankaj564@gmail.com>, ekam ber <ekamber@gmail.com>, ekkas-reports@googlegroups.com
so, after once reached 15,500/13K level or it's possible now itself i.e. if closed around 16100/200 levels?
ReplyDeleteregards
looking at US dollar index and its co realtion in recent past as shown in this link
ReplyDeletehttp://pankaj564.blogspot.com/2010/02/us-dollar-index-as-on-922010.html
i expected some upmove after testing 15600 zone and bouncing from there.since i am not elliot expert i put a query to elliot wave experts to give their comments on bullish wave count as shown in link.
http://pankaj564.blogspot.com/2010/02/query-to-elliot-wave-experts.html
Mr.Prashant Talpade gave a response to it and i had put it on blog for readers.
my preferred view is upmove from 15652 it self. and at present US dollar and sensex both r moving in expected direction.
the only question or confusion will be, are we on new upmove which can take us higher than recent high 17790 or it will be a pull back to make a lower top than 17790.
close above 16200 will give first indication and close above 16553 will make a positive structure of higher low and higher high.
till than keep strict stop losses on long position at 15982 and 15652.