Further to my observations in my earlier blog :
http://lalitlk-lalit-lk.blogspot.in/2012/06/nifty-inversion-of-waves-over-2-years.html
I shall like to review the Nifty Chart over the last three years which is :
Image from the chart January 2010 to 05/08/11 was,as per attachment
I went back by one year and similarly inverted that chart from January 2009 & resulted charted was labelled H & thereafter the boxed area is YET TO PLAY OUT. If the hypothesis comes TRUE, it has so far done PATTERN WISE, Nifty is due for a DIP in recent time & then scale NEW HIGH.
Let us cross our fingers to check if these hypothesis comes true or not.
http://lalitlk-lalit-lk.blogspot.in/2012/06/nifty-inversion-of-waves-over-2-years.html
I shall like to review the Nifty Chart over the last three years which is :
Image from the chart January 2010 to 05/08/11 was,as per attachment
was inverted 180 degree( anti-clockwise) and the 'Inverted Chart' is being shown along with Chart for the period of 05/08/2011 to year end in the following chart with prominent 'pattern similarity' marked A to H.
Chart beyond H, in the inverted one, is yet to play out & looks favoring the bears.I went back by one year and similarly inverted that chart from January 2009 & resulted charted was labelled H & thereafter the boxed area is YET TO PLAY OUT. If the hypothesis comes TRUE, it has so far done PATTERN WISE, Nifty is due for a DIP in recent time & then scale NEW HIGH.
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