Wednesday, July 13, 2011

sensex debugging

was sent a mail by a friend ..chart of a well known analyst for elliot-neowave analysis
showed the current rise as a double zig zag on sensex.
its not a double zig zag for some simple reasons of problems of degree in price and time.
in the second zigzag, time consumed by c is less than a, b consumes more time than the entire first zigzag... and so on.
such problems highlight the fact that the assumption of a double zigzag is not correct at all.

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5 comments:

  1. KRGJuly 19, 2011 at 11:29 PM

    How does a triangle from March 2009 look to you?

    ReplyDelete
  2. vipulJuly 20, 2011 at 11:36 PM

    from march 2009 lows?
    what are the labels of the triangle?

    ReplyDelete
  3. KRGJuly 21, 2011 at 1:56 AM

    pls look at the second chart in this...

    http://krgonline.blogspot.com/2011/04/ultra-bullish-potential-alternative.html

    ReplyDelete
  4. vipulJuly 21, 2011 at 7:00 AM

    seems quite unlikely.

    ReplyDelete
  5. KRGJuly 21, 2011 at 10:19 PM

    then a zig-zag followed by sideways triangle may be?

    Or better still, pls give your working count on sensex or nifty since 2009

    ReplyDelete

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