SUMMARY: ONGC DAILY Prices continue to hold key support levels at 1,080 levels. We need a clear break below respective levels to look for an extension of the 3/C wave down. Performance cycles are still bottoming. GRASIM WEEKLY Our corrective FLAT scenario is still valid. Key targets lie at psychological 2,000 levels. Performance cycles are heading to a performance top. ACC DAILY Anticipated and happened Prices break key FIB supports as anticipated. The current retracement could push lower till psychological 800 levels. ITC DAILY Prices continue to hold neckline supports at 245 levels. We need a clear break below respective levels for a negative confirmation. Performance cycles suggest further underperformance of ITC in the weeks ahead. CIPLA DAILY The third leg down seems incomplete. We could see another push lower till key 290 levels. Performance cycles are topping and suggest further underperformance of Cipla in the weeks ahead.

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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

CHANNELS.INDIA is our second perspective product published on MONDAY, WEDNESDAY and FRIDAY. The report uses conventional technical tools and covers most top traded stocks. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.INDIA, CHANNELS.INDIA are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers the other mid cap and small cap stocks also. CHANNELS.INDIA carries the Early Economic cycle sector components, which includes FINANCIAL and DISCRETIONARY sector stocks, the Mid Economics cycles sector which includes INDUSTRIAL sector stocks and the Late Economic Sector cycle including ENERGY, STAPLES, UTILITIES, PHARMA, CHEMICALS sector stocks. REUTERS EARLY ECONOMIC RICS DLF.NS, HDFC.NS, HDBK.NS, ICBK.NS, SBI.NS, INFY.NS, TCS.NS, MAHM.NS, UNTE.NS, TITN.NS REUTERS MID ECONOMIC RICS ASOK.NS, TAMO.NS, CROM.NS, BHEL.NS, LART.NS, MTNL.NS, IDEA.NS, BRTI.NS, RLCM.NS, TATA.NS REUTERS LATE ECONOMIC RICS ONGC.NS, RLIN.NS, NTPC.NS, ACC.NS, HALC.NS, TISC.NS, ABUJ.NS, CIPL.NS, RANB.NS, ITC.NS

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Author: Orpheus | Date: 04 February 2010 | Comments (0)

Tags: channels

Categories: Accuracy India, Anticipated and Happened, India

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The Romanian capital markets were valued at 30 billion Euros in the best of times in July 2007. Then nobody wanted to believe crisis could come. When it came, the market found reasons and people to blame. The crisis came and washed value by 90% taking the valuation figure to 6 billion Euros. Again no one wanted to believe it can ever get over. What happened? Prices rose back to 20 billion today. Now how is the sentiment? “ Mukul when will they fall?” “Will they ever fall” “They will never fall” “Stupid surveys”.

The idea is that market will believe what the majority believes and the majority is always less rational. 20 billion Euros valuation now suggests that we have recovered nearly 60% of the losses from the top. This is no mean task. We are already 12 months in the rally. What happened from 8,000 to 30,000 BETFI caught many by surprise. Orpheus screamed Oct low, March low repeatedly, but lone voices are generally ridiculed and unheard. Perfection in forecasting does not exist. Now market breadth is falling for more than 6 months, making lower highs every time market goes up and sentiment readings for 6 month outlook are at all time highs.

This is what we said last time. “Selling in strength is as tough as buying at a bottom. They both involve high skill, individuality and ability to identify low risk entry and profitable exits. The top we are speaking about should occur anytime from early Feb to late Feb.”.

Now we are in early Feb. The only disconnect now is that short term monthly sentiment readings are still falling while long term 6 monthly readings continue to rule at all time highs. We will give it another few weeks. After that the surprise should restart. Faster you learn to disconnect from the mass sentiment, the better you can create wealth for yourself and your clients.

Enjoy the latest Romanian Sentiment Review.

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A Sentiment Index reading can assist to measure these extremities in mood and potential market turns. Survey respondents will not only benefit from the interpretation and indicator readings but also will be invited for regular training seminars on sentiment indicators and provided relevant literature. Orpheus Capitals and Prognosis.ro are two independent research companies publishing the Romanian Sentiment Review. RSR is a sentiment index based on the survey of market players. The respondents are queried on a host of areas including time frame of expectations, bullish and bearish bias and sectoral preferences. The data is then analysed to create various sentiment indices. The readings of the various indices explains the market sentiment and market direction. We also furnish the sentiment data on a periodical basis to financial institutions, fund managers and brokers for further research and investment.

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ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

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Author: Orpheus | Date: 04 February 2010 | Comments (0)

Categories: Romania, Sentiment Indices Romania

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WAVES.ROM is a perspective product published on TUESDAY’S and THURSDAY’S. The report highlights Romanian Stock Market top three Equity Indices viz. the top ten blue chip BET Index (.BETI), BET Composite (.BETC), the Financial Index BETFI (.BETFI) and the local currency RON (EURRON=, RON=). The products covers the top ten BET component stocks. (ROMP.BX, SNPP.BX, BATR.BX, BRDX.BX, TSEL.BX, ATBE.BX, BRKU.BX, BIOF.BX, IMPT.BX, TUBU.BX) and all the components of BETFI Financial Index(SIF2.BX, SIF5.BX, SIF3.BX, SIF1.BX, SIF4.BX) are covered in the report. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers. WAVES.ROM, CHANNELS.BVB and CHANNELS.RASDAQ are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers all the BVB and RASDAQ stocks.

Performance cycles is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves in a range say from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

REUTERS COVERAGE .BETFI, TUBU.BX, TSEL.BX, SNPP.BX, SIF5.BX, SIF4.BX, SIF3.BX, SIF2.BX, SIF1.BX, ROMP.BX, IMPT.BX, BRKU.BX, BRDX.BX, BIOF.BX, BATR.BX, ATBE.BX

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Author: Orpheus | Date: 04 February 2010 | Comments (0)

Categories: Anticipated and Happened, Romania

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WAVES.FOREX is a perspective product published TUE and THU. The report highlights the top traded FOREX PAIRS (e.g. Euro, Dollar, Yen, Indian Rupee, Romanian Lei, Swiss Franc and Dollar Index) The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators. REUTER RICS: EURRON=, RON=, JPY=, INR=, HUF=, HRK=, GBP=, EURCHF=, CHFRON=, CAD=, =USD, EUR=

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Author: Orpheus | Date: 04 February 2010 | Comments (0)

Categories: Forex

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Prices are in a corrective structure which should push higher till key 4,980-5,040 levels.

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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

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WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

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Author: Orpheus | Date: 04 February 2010 | Comments (0)

Tags: waves

Categories: India

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