Cycle 5th extension possible..

Seen divis madness lately???
Nifty could easily do similar psychosis if we get a 5th wave extension.

Need the following trigger.
Re strength. rbi intervention.
Tech going to new highs.
Already gave tech buy call... tcs 1230
Play for 1300-1320-1380 in 2-3 months.
1550-1600 for one year.

Fib analysts who use arithmetic scale are throwing up 4350..
log analysts start with 4400.. but thats only a t1...
Show me an extension.. 4900 allowed :)

To understand an extension you need to see how a flower blossoms.

The stocks that do 5th extensions will be the best shorts afer this leg up is over..
I.e steel, divis etc all clear 5th wave extensions.. an extension in the 5th usually means a mega sharp correction after the end of the 5th. (5th extension should be into mega overvalued area on earnings as well. Thats how i would detect a 5th extension apart from the standard rules for throwover above channel etc.)

The wisdom of gann suggests, buy the first rally , sell the first pullback.
I.e new momentum swing, try to take position on end of wave b for wavec
I will try not to tell you where to short in advance. Calling the top is not an easy task. It should be obvious though when the move up is over.
I'll post the short setups later.
When they are ACTUALLY THERE
I am just giving the warning in advance.. an extension in 5th usually means correction down to 2nd ka lows.