Thursday, August 13, 2009
AN ALTERNATIVE BULLISH COUNT FOR SENSEX, IS IT POSSIBLE FOR US TO GO TO 17500-17900?
AN ALTERNATIVE ELLIOTT WAVE COUNT SUGGEST US THAT IT MAY BE POSSIBLE FOR US TO GO TO 17500-17900 ON SENSEX ONLY IF 16050-16200 IS SIGNIFICANTLY BROKEN, OTHERWISE OUR BEARISH COUNT IN THE MEDIUM TERM IS INTACT WITH A VERY HIGH RETRACEMENT OF THE DOWN RALLY FROM 16050 TO 14700.IF 14700 IS BROKEN ON THE DOWNSIDE THEN THE BULLISH COUNT WILL NOT BE COUNTED ANYMORE.
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