ASI Outlook

hairai · 1 ASI Outlook Mon Jul 08, 2013 10:46 pm

hairai

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pgcpriyantha · 2 Re: ASI Outlook Tue Jul 09, 2013 6:45 am

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That means near to turning point

smallville · 3 Re: ASI Outlook Tue Jul 09, 2013 5:20 pm

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@hairai wrote:https://i.servimg.com/u/f36/17/85/60/23/asi_hs10.png

You're trying to point out another HnS being formed?? Mad

Doesn't it look like a Elliot W4 correction???

ASI Outlook Asi10

From the low of 4725, there have been 3 correction up to now. The third is still active.
Also see, the volume bar (light blue) when it topped at 6500.. Its only 36+ mil.

However, every ASI correction has followed a little bit similar pattern.

The first one was between 50-61.8% Fibonacci retracement.
The second one was a little above 50% Fibonacci retracement from the previous correction.
And now the third one is stil between 50-61.8% Fibonacci retracement from previous correction.

So if we're lucky, this has to stop by 5970.
Unlucky? 5818..
I dont wanna talk below 5818 levels.. But it looks like this...

Extremely unlucky??? 5625 is 100% correction..

Seeing bear? some releif at 5309.

Extreme bear? I'd say 5000-4800.

traderathome · 4 Re: ASI Outlook Tue Jul 09, 2013 9:35 pm

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I think 5800-5750 turning ....lets see Smile

hairai · 5 Re: ASI Outlook Tue Jul 09, 2013 10:09 pm

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According to my view we are in Elliot Wave 4 of 3.
As SmallVille said we are still in the trend line. So, if market doesn't fall below the high of wave 1 we are lucky.

If falls below this, there is a possibility to form H and S pattern.

Further, look at Bollinger Bands, Upper band is pointing down and lower band is pointing up. So market may consolidate. Therefore, H n S formation is unlikely.

https://i.servimg.com/u/f36/17/85/60/23/asi_ba10.png

traderathome · 6 Re: ASI Outlook Tue Jul 09, 2013 10:15 pm

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@hairai wrote:According to my view we are in Elliot Wave 4 of 3.
As SmallVille said we are still in the trend line. So, if market doesn't fall below the high of wave 1 we are lucky.

If falls below this, there is a possibility to form H and S pattern.

Further, look at Bollinger Bands, Upper band is pointing down and lower band is pointing up. So market may consolidate. Therefore, H n S formation is unlikely.

https://i.servimg.com/u/f36/17/85/60/23/asi_ba10.png

Hmmm talking about getting lucky......

https://www.youtube.com/watch?v=icVivuXz-4k

hairai · 7 Re: ASI Outlook Tue Jul 09, 2013 10:40 pm

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https://i.servimg.com/u/f36/17/85/60/23/asi_9-10.png

The previous chart was yesterdays one. The today's chart (shown above) gives different signals. Both Upper and lower bands are pointing down.
ASI is reaching 61.8% fib levels which is 5962 levels.

ASI has come down slightly below the top of Wave 1. It is not possible.

hairai · 8 Re: ASI Outlook Tue Jul 09, 2013 10:42 pm

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When you look at the ASI chart in different angle, it looks like forming inverted H n S Pattern which has a chance to move to 6400 levels again.

Lets see

smallville · 9 Re: ASI Outlook Wed Jul 10, 2013 8:30 am

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@hairai wrote:

ASI is reaching 61.8% fib levels which is 5962 levels.

ASI has come down slightly below the top of Wave 1. It is not possible.

When u draw fibs in DFN, what ur vision shows u and what is shown by the system contradicts... So need to be a bit causious.
In Ami, the chart is log scale and 61.8% = 5970.. ranging from 5965-5975 wouldn't make a significant difference though. Basketball

D.G.Dayaratne · 10 Re: ASI Outlook Wed Jul 10, 2013 9:22 am

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Scientific analysis can be a applied when market is functioning
independently

Present govt do not allow market to run independently Govt institution
try to manipulate the market

Last edited by D.G.Dayaratne on Wed Jul 10, 2013 9:28 am; edited 1 time in total (Reason for editing : typing error)

Arena · 11 Re: ASI Outlook Wed Jul 10, 2013 10:25 am

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No mkt will function independently.

Even LIBO get manipulated.

D.G.Dayaratne · 12 Re: ASI Outlook Wed Jul 10, 2013 10:40 am

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This country problem is use of public funds to manipulate market

Private sector manipulation can be control by balanced regulation
Not like Indrani Sugathadasa time

wellappili · 13 Re: ASI Outlook Wed Jul 10, 2013 1:54 pm

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Ultimately all comes down to JKH.

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ASI Outlook

1 ASI Outlook Mon Jul 08, 2013 10:46 pm

hairai

2 Re: ASI Outlook Tue Jul 09, 2013 6:45 am

pgcpriyantha

3 Re: ASI Outlook Tue Jul 09, 2013 5:20 pm

smallville

4 Re: ASI Outlook Tue Jul 09, 2013 9:35 pm

traderathome

5 Re: ASI Outlook Tue Jul 09, 2013 10:09 pm

hairai

6 Re: ASI Outlook Tue Jul 09, 2013 10:15 pm

traderathome

7 Re: ASI Outlook Tue Jul 09, 2013 10:40 pm

hairai

8 Re: ASI Outlook Tue Jul 09, 2013 10:42 pm

hairai

9 Re: ASI Outlook Wed Jul 10, 2013 8:30 am

smallville

10 Re: ASI Outlook Wed Jul 10, 2013 9:22 am

D.G.Dayaratne

11 Re: ASI Outlook Wed Jul 10, 2013 10:25 am

Arena

12 Re: ASI Outlook Wed Jul 10, 2013 10:40 am

D.G.Dayaratne

13 Re: ASI Outlook Wed Jul 10, 2013 1:54 pm

wellappili

14 Re: ASI Outlook

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