Trying to stay 2 steps ahead of the market

Time to start moving to cash in stocks which u do not truly understand and don't want to stay invested in for 2 years+

A wave down done it was ugly
people panicked.
Just when people were too afraid to enter and we had a second gap down (exhaustion)
bottom formed at 3553 200 dma

What do i expect??
do u really wanna know?

its not pretty the way i see it
go back to your nifty charts 1/30/2004
2 months down from 2014 to 1670
1670/2014*4240
3510 we did only 3553
thats a down , then 1 month up
almost a 70% retracement!!
(1912-1670)/(2014-1670)=70%

Where are we right now?
we're gonna do a retracement now which is my wave B
maybe we are in wave a of B or something right now

"7) "B" waves — "B" waves are phonies. They are sucker plays, bull traps, speculators' paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often "unconfirmed" (Dow Theory is covered in Lesson 28) by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself, "There is something wrong with this market," chances are it's a "B" wave."
from precther's book


"8) "C" waves — Declining "C" waves are usually devastating in their destruction. They are third waves and have most of the properties of third waves. It is during this decline that there is virtually no place to hide except cash. The illusions held throughout waves A and B tend to evaporate and fear takes over. "C" waves are persistent and broad. 1930-1932 was a "C" wave. 1962 was a "C" wave. 1969-1970 and 1973-1974 can be classified as "C" waves. Advancing "C" waves within upward corrections in larger bear markets are just as dynamic and can be mistaken for the start of a new upswing, especially since they unfold in five waves. The October 1973 rally (see Figure 1-37), for instance, was a "C" wave in an inverted expanded flat correction. "


Worst case levels already given earlier. 2920 is my value area for nifty
out there i am a buyer regardless of what your technicals tell u
most widely accepted targets for hypothetical c wave if it comes
3440-3330-3220-2920-2600
c wave only begins below 3553/200 dma
until then no reason to hit the panic button
For now we trade long and try to hit 3840-3900 region