| Nifty from august 2013 |
An average 89 day topping cycle accompanied by a 70 day bottoming cycle seem to be ruling the nifty's moves.
My own suspect is that the 70 day bottom cycle may not work any more or may reverse into a bottom-top cycle...(this can happen)
Also note that in this cycle the last bottom was taken as 27-12-14, the average of the 17-12-14 and 7-1-15 bottoms....(This sandwiching of bottom dates happens as well)
The Nifty appears to have made a short term top today 4th march thereby confirming the continuation of the 89 day topping cycle. Note that tops aren't absolute and can be exceeded i.e. they can be intermediate tops....after all we are in an uptrend...
However the most important cycle shown above is the 160 day bottoming cycle which predicts the next major bottom between 24-5-15 to 30-5-15...(Sell before may and go away?)....The position of this bottom may decide whether the uptrend is over or intact..
Please note that cycles are temporary transient phenomena that disappear sooner or later...But till they work, they can work beautifully. Go only one cycle at a time...
VERY IMPORTANT ..... This is not a recommendation to buy or sell.....blah blah blah....
| 89 day topping cycle | ||
| date | days | |
| 9/12/13 | ||
| 10/03/14 | 91 | |
| 11/06/14 | 93 | |
| 8/09/14 | 89 | |
| 4/12/14 | 87 | |
| 4/03/15 | 90 |
------------ |
70 day bottoming cycle | |
| date | days | |
| 22/03/14 | ||
| 30/05/14 | 69 | |
| 8/08/14 | 70 | |
| 17/10/14 | 70 | |
| 27/12/14 | 71 | |
| 7/03/15 | 70 |
------------ |
| 160 day bottoming cycle | ||
| date | days | |
| 28/08/13 | ||
| 4/02/14 | 160 | |
| 14/07/14 | 160 | |
| 17/12/14 | 156 | |
| 26/05/15 | ? | 160 |
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