Nifty-bi-monthly-chart : An intermediate report (2) for PE June 2016

Further to earlier blog

http://lalitlk-lalit-lk.blogspot.in/2016/05/nifty-bi-monthly-chart-intermediate.html

I would like to up date as on 06/06/2016 :

First, a up dated Bi-Monthly chart (in log scale) :

My simple counts, in spite of complexity over 18 years, are

I = 1818 - 800 = 1018,

II= 1818 - 850 = 968 (95% Retracement of I ),

III = 6357 - 850 = 5507 (540% of I),

IV = 6357 - 2253 = 4104 (74.5% retracement of III),

V = 9119 - 2253 = 6866 (124.7% of III ),

A = 9119 - 6826 = 2293 (33.4% of IV) ; B in progress.

I may mention here that a "Bi-month" is of average 42 days  & being consisting calendar months of various duration.

Next is a 34 Days Cycle Nifty chart (by design of uniform duration) :

I had mention period of Macd being in positive (e.g. 1, 7 etc) and in negative {e.g., (5), (7) etc}territories. I am anticipating a dip & cross down of zero line before hitting a fresh high.

Next is log scale 34 Days Cycle Chart :

IMHO show up of Higher Macd may be on account of uniform duration in contrast higher & non-uniform duration period in case of Bi-Monthly. Let us await price actions & corresponding Macd actions . Cross down of zero line should occur first in 34 DaysCycle.

. Cross down of zero line had occured   in  both 21 DaysCycle & 13 DaysCycle.