A Traders Perfect Life @4430

I got a lot of queries over the last week to update my current view on Nifty - However I was waiting for the index's to give me a clearer view of what is really in store for the Indian traders. As I now see it we are entering another correction. (see picture 2) Once the correction is over we would zoom back into the 5200 range but I would not count this as or assume its a  wave 1 starting a new cycle. The run upto 5200 could be because of our upcoming budget, steady declining, government posted inflation numbers.. which I think is bullshit, or interest rate cuts. USA on its death bed is posting a constant improvement in economic numbers.

The global eco-politics and looking at whats in store for Europe (deep correction) I would cautiously behold this next wave up to 5200 as another X wave. If I am right about this X wave we would have another set of a-b-c correction and that would take us down to 3800 levels. I would remind all our readers that X waves are generally made up of 3 waves and to keep this in mind before positioning your self long just to see your self drained out of capital. Personally I feel 2012 is going to be worse than 2011.

A problem is never big, it is the small problems  that add up to create a big problem. Whoever is viewing this pass it on to your friends, it may help them in someway or the other. :)