As my hypothesis is “after two GAPS Down one after another , waves are PENDULUM like reverting, so to say after inverting anti-clock wise by 180 degree.”
On 5th August 2011, there was Gap down of 127.45 in NIFTY and on the next working day the 8th August, there was a Gap down of 127.40 further. '5280' is the middle point of two candles in the chart.
OHLC value of the Nifty was used to determine the value of ‘Open - 5280’, ‘High-5280’, ‘Low-5280’ & ‘Close-5280’ , eg., 132.4, 154.5, 43.15 & 51.8 for 4-Aug-2011. Similarly for all prior days based on historical data (Sourced from NSE).
Accordingly, mirror projections for 5 Aug 11 are calculated as :
open =5280-51.8 (corresponding to CLOSE), high =5280-43.15 (corresponding to LOW), low=5280-154.5 (corresponding to HIGH) & close=5280-132.4 (corresponding to OPEN){Data pertaining 4 Aug 11}.
Accordingly, mirror projections for 5 Aug 11 are calculated as :
open =5280-51.8 (corresponding to CLOSE), high =5280-43.15 (corresponding to LOW), low=5280-154.5 (corresponding to HIGH) & close=5280-132.4 (corresponding to OPEN){Data pertaining 4 Aug 11}.
Calculations for SUBSEQUENT days were made SIMILARLY based on PRIOR days (eg., 8 Aug 11, 9 Aug 11 etc etc 3 Aug 11, 2 Aug 11 etc etc)
In the above image of Excel sheet , please notice that OHLC for Nifty from 5th August 2011, and the calculated 'Mirror projection' ; ratio of Actual to Projection are given under bluish shade. Chart, below, shows the total range :
And the Data are analysed as per the following parameters
A 0.99 1.01 60 13.51 B 0.98 1.02 57 12.84 C 0.97 1.03 32 7.21 D 0.96 1.04 39 8.78 E 0.95 1.05 33 7.43 X < 0.95 > 1.05 94 21.17 XX < 0.90 > 1.10 129 29.05 444 100
It is observed that out of 444 cases, mis-matches (X & XX) are more than good matches (A with a variation of 1% or less), B (<2%), C (<3%), D (<4%) and E (<5%), however, the mystery of PAST influencing the PRESENT can not be brushed aside.
| A | 0.99 | 1.01 | 60 | 13.51 |
| B | 0.98 | 1.02 | 57 | 12.84 |
| C | 0.97 | 1.03 | 32 | 7.21 |
| D | 0.96 | 1.04 | 39 | 8.78 |
| E | 0.95 | 1.05 | 33 | 7.43 |
| X | < 0.95 | > 1.05 | 94 | 21.17 |
| XX | < 0.90 | > 1.10 | 129 | 29.05 |
| 444 | 100 |
It is observed that out of 444 cases, mis-matches (X & XX) are more than good matches (A with a variation of 1% or less), B (<2%), C (<3%), D (<4%) and E (<5%), however, the mystery of PAST influencing the PRESENT can not be brushed aside.
Here is a super-imposed inverted chart on the Nifty chart since 04/08/2011.
.JPG)
