European Central Bank (ECB) President Mario Dragh had come out with bold declarations that the ECB will do “whatever it takes” to protect the euro zone from collapse.This has raised hopes that ECB will take steps such as large scale bond buying equivalent actions which may start making risky assets look pretty..
The truth is that if we follow astro and technical indicators diligently we may reach conclusions which do not depend on dramatic declarations from Politicians or Central Bankers.
Astro Indicators are pointing to the upcoming week as a good buying week, followed by a week beginning August 06 to 13 which seems to have some bearish tendencies.In a previous post we had indicated that the planetary reversal signals seem to fall on the July 31 time band. It is interesting to note that our Reserve Bank will meet on July 31 and Fed`S FOMC will meet on August 01, to consider their respective monetary policies.
August 02 IS A Moon day and a Full Moon day to boot. We mat expect a reversal downwards then which could spill over into the next day, because Saturn and Mars declinations meet up on August 03, which could bring a reduction in the prevailing optimism.
The other planetary positions are represented here:
And a look at the technical picture:
Our estimate of the bigger picture...
2 should end by August 17, after which the next impulse wave should open higher, taking Nifty into the 5500 range, starting with 3 of C of D.
It is worthwhile to remember that these bull talk, is happening with a back drop of Uranus square Pluto.And exploding debts related issues can never be resolved by printing more money.
It is worthwhile to remember that these bull talk, is happening with a back drop of Uranus square Pluto.And exploding debts related issues can never be resolved by printing more money.
Since we we are in the Mercury retrograde period, Nifty may not reach target positions before the market reverses. So let us take our money and run, as and when we move into profitable positions.
As always allow the price to dictate directons. Let us merely follow.
Have a wonderful week of trading
6 comments:
WAVE A OF ZIGZAG TOOK 12 DAYS
WAVE B WILL TAKE MORE THAN 12 DAYS BEFORE TOPPING OUT.LOOKS LIKE A FLAT 61.8% TO 81%OR100% RETRACEMENT OF WAVE A
THEN WAVE C COULD BE A TRIANGLE ??
Suresh ji
now r u seeing opening gateway to "5K or 5100 level"??? before 5500?? saturn may go to "mario"s tongue"???
rkwadher,
If b has topped out at 5246, then c could be a triangle. Since this is occurring in the corrective second wave of the impulse from 4770, triangle could make the impulse wave from 4770 to be a terminal impulse.That would mean wave D of the higher diametric ended at 5348 and currently we are in the downward E, which could technically breach 5000.On the other hand, if Nify forms a downward sloping contracting triangle, which ends about 5000 levels by August 14, then I will look for an upward break out as a new impulse which will be 1 of c. Anyways, I would look at 5000 levels to give me further directions.
Sujatha,
Saturn has been moving from the tongues of Subbu, to Ben and now to Mario.Typically he has only delayed and not denied.But for us, the delay means a slope to 5000 and then a climb to 5500, as indicated.Please see my post done today.
Suresh ji - GM :)
tongue transfer doing fine :) i read ur post but very silly doubt becoz of ZERO in EW. your reply cleared that. Today is US pay roll it seems...another knock out punch today means = Monday more down if v close -ve today.
tks and regds
Dear Sujatha,
At least the Astro Indicators are hinting at an up move this week.With Natal Jupiter, Saturn and Ketu all in trine with the transiting Ascendant, it could be a positive beginning. The picture turns bearish from the week beginning August 13, 2012.
Thanks and Regards,
Suresh
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