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Sunday, 15 February 2009

Elliott Wave on the Indian Stock Exchange

A reader asked me to look at India’s Stock Exchange (”Nifty”) and I’m seeing an interesting potential Elliott Wave Count that may be setting up clearer than the S&P 500 Index.  Let’s see the Weekly and Daily Structure.India’s Stock Exchange (S&P CNX “Nifty” Index - $CNXN) Weekly:I’m not an expert at India’s Stock Exchange, but let’s see what the charts might be hinting to us.Clearly, we’re in a downtrend and the moving averages have...