Nifty: Is It The Top?

 

I do have a strong following from India but I will not show every little move that might be good for simple day trading set-ups. I don’t think the Nifty can come out of the impending crash and bear market unscathed. If a new record high gets established again, it would surprise me a bit, but sooner or later all markets will start to tank. We need more downside, before we no longer have the time for a new record high in 2018 to establish itself.  We already have a small set of 5 waves forming, but we have to wait to see if other sets of 5 waves start to form.

I have no real track record of the Gold/Nifty ratio, as I would have todo some back checking to create some paramerters I can work with.  Today this ratio stands at 9.83:1, which means it takes 9.83 ounces of gold to buy one unit of the Nifty. This is already to the expensive side, but in the next few years we want to buy more units of  the Nifty with one ounce of gold.

The Nifty has also potentailly peaked at a Cycle degree wave 3 high, so a big long drawn-out bear market will happen. This bear market bottom may take until late 2022 to complete, which is 90 years from 1932. 90 years equals 3, 30 year cycles.  Solar Cycle #24 has to end, and solar cycle #25 will start and that is when I will turn very bullish.

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