^NSEI NIFTY 50, TLT 20 Year T-Bond, and NASDAQ-100 Update

Posted: September 23rd, 2010 under Predictions, Stocks.

By request here is a chart for S&P CNX Nifty 50 (^NSEI) from the late 2008 top, with a blue spiral calendar grid drawn from that top, and a red grid drawn from the spring high (May 2nd I think). There are two consecutive spiral turn dates coming up in about a week around 9/29-9/30/2010 that may be a high.

The second chart of TLT the 20-year T-bond ETF is interesting as it sports a large turn date signal today, 9/23/2010. Spiral grids drawn from the early April low (red) and the May 6th flash crash spike high (blue).

The last chart is a NASDAQ-100 update that has a couple of turn dates over the last couple of days. Is this the long overdue wave 2 top?

I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

S&P CNX Nifty (^NSEI)

Spiral Calendar Turn Dates Chart For S&P CNX Nifty (^NSEI) for September 23rd, 2010

Spiral Calendar Turn Dates Chart For S&P CNX Nifty (^NSEI) for September 23rd, 2010 – click to enlarge

TLT 20 Year T-Bond

Spiral Calendar Turn Dates Chart For TLT 20 Year T-Bond for September 23rd, 2010

Spiral Calendar Turn Dates Chart For TLT 20 Year T-Bond for September 23rd, 2010 – click to enlarge

Nasdaq-100

Update 9/18/2010: the original ^NDX chart linked to the previous week’s enlarged version – this has been corrected.

Spiral Calendar Turn Dates Chart For Nasdaq-100 for September 23rd, 2010

Spiral Calendar Turn Dates Chart For Nasdaq-100 for September 23rd, 2010 – click to enlarge

New visitors: please see this post for a brief explanation of the spiral calendar.

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1 Comment »

  1. Good Afternoon Dave,

    An question on Nifty Chart.

    It was informed that Nifty will top on Sep-30-2010. Today (Oct-01-2010) Nifty has rallied by about 2% to 6184. Would this stand as a Top for Nifty or would there be some more steam left for the upside?

    Comment by Vetri — October 1, 2010 @ 9:04 am

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