Nifty Spot.
Yesterday was a day full of ANOMOLIES..... the Retracements either to the upside or the downside were all over the place between NS n NF. While at one point the NS may have retraced 63.6%, the NF was at 56%( 10% OFF ????), and this carried on throughout the day untill Both came together at 78.6% retracement the the downside making the Lows. Such Anomolies are called "" INTER MARKET DIVERGENCES'', where the Market will confuse you to go either side.
The 55 DAY CYCLE.
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Coming to the chart I have just posted. In my opinion...... the Lows will hold for now. It WILL NOT break. a SUCKERS RALLY is to begin around 30th dec to 1st jan and will continue for the next 18-20 days. ( give or take 4-5 days either side).Thereafter..... ALL LOWS WILL BE BROKEN. I am going to delve deeper into the 7YEAR cycle today and try and post later
The 55 DAY CYCLE.
------------------------
Coming to the chart I have just posted. In my opinion...... the Lows will hold for now. It WILL NOT break. a SUCKERS RALLY is to begin around 30th dec to 1st jan and will continue for the next 18-20 days. ( give or take 4-5 days either side).Thereafter..... ALL LOWS WILL BE BROKEN. I am going to delve deeper into the 7YEAR cycle today and try and post later
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