SENSEX trade ideas
Sensex ShortLong Cycles here indicate Sensex downtrend will continue till April 2019. As you can see 2 long cycles of roughly 270 bars each indicated by bid arrows. The intermediate smaller cycles which constitute the longer cycle are 165 bars and 105 bars approx. They are reversed in case of second long cycle. Since current level is fibonnaci support it will be good trade idea to short if this fib support is broken.
India’s Adventures in Fiat BubblesIndia became an independent country in 1947 and had a Grand Supercycle Wave I into the 60’s. Grand Supercycle Wave II finished up the 70’s, and this chart shows the completion of Grand Supercycle Wave III.
The price action is reflective of the massive fiat credit creation in the Indian economy, hence the equity bubble. A true democracy, India is in the process of learning not to allow the politicians control of the money supply. I also don’t recommend giving control of the money supply to a criminal banking cabal either, like we have in the United States. Both are examples of letting the Fox watch over the Hen House, and will result in The People getting robbed of their money… A recent example would be the government recently robbing the lower classes of the money in circulation that they used for day to day business.
India has a proud history of buying Gold and Silver. I recommend everybody in India trade their Rupees for gold and silver coins, and tell the government to shove their fiat where the sun doesn’t shine… And, oh yeah, sell the Sensex and invest in Gold and Silver until close to the end of the 20’s and the end of Grand Supercycle Wave IV. If India is smart, they will have transitioned to a PM backed currency, independent of Politicians and Bankers, and preferably enshrined in the Indian Constitution, so 60 to 70 years from now they won’t have to repeat this whole ordeal over…
Sensex Major resistance zone 300 to 800. Dont buy anythingSensex Major resistance zone 300 to 800. Dont buy anything. Take profits and wait for 15-20% drop
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India
This is another index that looks like it's topping out for the summer.
The great bull campaign from the 2009 low at 8075 to a high at
36370 over 9 years is in its final stages. Echoes of the Dax here.
A break below 34291 will trigger a short opportunity here back to
32516 where it should attempt to bounce - but it won't get far
when it does. And once it breaks below here it should start to
fall away in stages to 31096 then 29169 where it should
bounce harder.
If at any point over the summer 29169 gives way to bears it
should fall harder still 25772 and when that breaks to 22577.
A series of potential short opportunities here all summer long. Be lucky.
SENSEX INDEX PRICED IN TERMS OF GOLDThe chart of Sensex index in terms of gold.
It don't give a long history, only 11 years.
I ran this chart to answer a specific question;
Will a nuclear war happen?
At least, will India participate in such thing?
A country with booming market reflect a very positive social mood will not engage in a war.
I don't have long enough historic data to get the big picture (at least 20 years of data.)
As the chart show:
1) We have a double bottom and a support line, and
2) A triangle on the right side of the chart.
These tow things suggest that Sensex index and the Indian market as a hall will boom (in terms of gold) in the coming years, hence India will not go to war.
SENSEX BIGG SUPPORT 32612 TREND LINE BREAK SELL ON RISE
SENSEX BIGG SUPPORT 32612
Target profits marked on chart.
BSE India 44K possibleLook at the peaks - Jan 2000, then Jan 2004, then Jan 2008. The next one came an year early in 4Q10 but the one after that again in 4 years - Jan 2015. The next peak at Jan2019 looks feasible. The chart has just crossed the 1.61 fibonacci extension with a strong green candle . Whenever it crosses a fibonacci level with a strong green candle - it is poised to go higher. Talk of overvaluation has already been going on but the bullish crossover of 1.61 extension level makes me feel we may have another 10 months of rally left if there is no deep correction by Feb end
SENSEX again near massive resistance zoneSENSEX again near massive resistance zone. Short with liberal stop above overhead lines
