Mid Economic worst performers: BHEL and Punj Lloyd
Today’s Alpha India report carries technical cases on two of the worst performers of the Indian Mid Economic sector, BHEL and Punj Lloyd. Both of the stocks have bottoming intermediate structures and should outperform in the next weeks.
BHEL Daily
Prices retested previous minor lows at 1,900 levels. The structure looks like a completed W-X-Y-X-Z complex correction down.
Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
Coverage India: CNX100 traded stocks and Indian Indices.
Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.
The Time Proportion (Indian Nifty)
Looking at ‘Time proportion’ in market or price data is a very old exercise, Benner did it in 1884, Elliott did it in 1934, Frost, Hamilton, Russell, Prechter and a host of other technicians have done it over years. I can count more than 10 time cyclists who also looked at market and economic data and time proportion. Richard Mogey and Bill Meridian have been doing this exercise for decades.
All of the above practitioners know that there are many cycles acting at a certain time so many of them look at time proportion rather than equality. There is also a school which looks at equal cycles. I belong to the time proportionally school of thought which considers time equality as a subset of time proportionality.
Today we have carried a case of studying the time difference in days…
This article was written for ATMA.
Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
VIX reverses again. This time for real?
The American fear gauge index VIX reverses again. This time could be for real. VIX has been a low ranking rather worst ranking performer for quite some time now. And as the rule of performance cycle goes, the worst performer will surprise. This means that VIX should rise and when it rises the fear should increase. The left hand scale carries 3 Jiseki cycles of (1month, 2month and 3 months) while the Right Hand Side scale are the actual VIX prices. This is some signal we won’t like to miss, considering our preferred view on global indices still look at a topping global market. The latest CEE, Global Alpha Indices carries the Russell 2000 broad index Jiseki cycle. Broad market cues are important.
Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
CEE, Global Indices – Rankings and Jiseki
Strange as it may seem on the multi week 3 monthly rankings IRTS Moscow, Bucharest BET, Hungarian BUX and Romanian BETFI are still above 50% percentile rankings and among the top rankers among top 20 global and regional indices. This means that our view on an underperforming Romania could indeed be correct. The latest Alpha carries the intermediate multi week Jiseki updates for the respective indices.
There is another aspect that emerges out from the current numeric rankings. Zurich SMA, Prague PX, CEE Index, European Stoxx, Shanghai Index has rising Jiseki cycles. This suggests that there is still a lot of buying support for global indices and markets. This confirms our view that any fall now is a correction in the large bull market of multiple years well into 2013-2014.
Enjoy the latest Alpha Indices.
Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.
