Saturday, April 19, 2008

Wolfe wave in Dow Jones



Bearish Wolfe wave has been formed on dowjones with a tgt of 12000 on the index....

6 comments :

Uma said...

genius, I think about Nifty, one can now buy april options CE 5200 and PE 4900 (or 4800) and just play the volatility. At these levels, neither bulls nor bears have decisive lead.

niftyxl said...

dont think bears have upper hand...

well dear,suprise suprise...

nifty has bullish wolfe wave formed..it going to its tgt of 6200 by 3 months...since it has taken 3 mnths to form!!.i m keeping fingers crossed for it...

u can play for volatility...

Uma said...

Really? As long as Reliance doesn't break 2600 we can sure play for more upside.

niftyxl said...

yeah i think so,bcoz 2600 was once resistance,now it has become support for RIL :D....

Uma said...

genius, dow behaving in line with your prediction...so far! Goood job.

niftyxl said...

yeah,its most technically well behaved mkt...

kaash...we had facility to trade that mkt...i wud have made lots of american money in tat also..LOL.. :)

Popular Posts for last 7 days

All Time Popular Posts