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India’s Sensex Update 4 Jan 2010
Two consecutive closes above the prior significant high means we should re-evaluate the wave counts and this has been done on the chart. The main suspect until this time is what I have labelled a 5th wave of the third wave. That looks like a 3-wave movement withthe 3rd leg measuring the same as the [...]
Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice
Hello,
I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the other on AUD/USD.
As for India’s Sensex, I think we have seen a near term top. Use [...]
India’s Sensex: Technical Analysis
No change in the technical outlook forthe Sensex. Wavetimes anticpates a turn in the 16045-16115 window.
Sensex outlook
Repeated tests of a support line makes that level important in the big picture. So far, the Indian benchmark Sensex has managed to hold above the support line shown in the chart. However, if we get a break of that, then technical selling will take the index down to just below 13,900. So watch out [...]
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