why india viks?

see the price movemt after vix was at top and price movement after bottoms which you think is the greatest fall in the world? nayagra in US? the Angel? no.......... ......... .. ther is a new one in jappan

my view on sensex_target 6800

this was posted in group forums on26/10/2008.couldnt upload here due to net service problem. find ind dificultty in uploading picture here...with out a chart

the communication about stocks/ markets is very weak. The next rally is in the offing by Monday 2nd half or Tuesday and it may lead us to some where near 11000 and then 15000. One can calculate a 61.8% of the fall from 21217 maximum target & here investors must come out again for a sure fall to next level 6800 Channel height of the preceding correction = 6150.69- 2595.69 = 3555 Bull run from the channel TOP = 6150.69 + (3555x 4.238) = 21216.69 Sensex rallied up to 21206.77 Now let us see the time factor. The sensex started trading in 1979 and it took 15 years for first bull run ended in1994 It required 15 x 1.27 = 19.05 years minimum for the correction to be over. So far we have corrected 14 years – up to 2003, 9years plus another 5 year for a bear rally up to 2008. We needd another 5 more years minimum for the correction to be over, and next bull can start only after 2013 hence we may see a new high in sensex only after 2013 plus aprrox:5 year (same as we rallied in 2003 to 2008). So no worry the traders…. the market players have more than 12600 points (21207- 8600) to play for coming 4 /5 years. And we may see pull back rallies in the meanwhile.

MY VIEW ON NIFTY_FOR 10 OCT

A PULL BACK CAN BE EXPECTED FROM THIS LEVEL FOR A TARGET 3850 TO 4140 Contrarian view: If the bottom trend line on RSI drawn rightly, connecting the 2 pervious bottom, The RSI is having a breakout in downward direction. Also the price channel too have a down ward breakout .and horizontal RSI supp at 24 ie:2 point below the current level. taking the above in account if NIFTY trade below 3500 (yesterdays intraday support) it may further fall (1000 points channel height). But that can't happen all of a sudden in an oversold market. The west is still falling though I am expecting a small pull back up to Monday at least. Let us watch & see tomorrow.