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  • Wave B or wave 4
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    Hello,
    I was reading with interest the wave count for INDIA -- B or wave 4.

    I was wondering, if we go by an October / November 2008 Waves India -- titled MEGAOVERSOLD Markets. In that, i guess the main point was that after such oversold markets, there shall be 1 or 2 years of trading opportunity .. that should point to B wave .. right ?.
    I heard someone at cnbc.com say that too.. hence seem to believe in it. Though it may be my bias .. as i want to earn from trading during this window of opportunity...
    What is your opinion ?

    Regards,
    samant

    #11
    Samant
    Member
    Posted 1 year ago
     

    Dear Samant,

    http://www.or-phe-us.com/orpheus/page.php?tabid=2&categ_id=427

    Yes this is what we said on 5 Nov 2008

    "Markets have reached a megaoversold status first time in last 10 years. What does this mean? This means that 60% drop may not be the end of the BEAR. And since market has a limit to where it can drop down. What might happen now is a large trading range."

    We maintain that Sensex could be in for a large trading range. This is why swings on both sides can not be ruled out. We saw a swing up from March low. This is a preferred A for us and should be followed by preferred B. Correctives are always choppy and offer multiple entry and exits. We will keep you posted.

    Trade Safe
    Anna

    #28
    Anna
    Member
    Posted 1 year ago
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