#masswaveindia
Elliott Wave Theory
Masswave India isdedicated to the art of indian stock market technical analysis based primarily on elliott wave theory. Our same website is available on followingdomains : Masswaveindia.com Masswaveindia.co Masswaveindia.in We analyse the indianstock market analysis , withstock markets tips to our esteemed clients. This not only helps in investments in MutualFunds, Stocks on delivery basis but also boosts profits in trading in Futuresand Options. We also publish a daily free nifty technical analysis-Forsame go on our technicalanalysis page. The Indian stock market technical analysis is not the same as fundamentalanalysis. The technicalanalysis studies the pricecharts and is based on changing emotions of masses or in other words depends oncrowd behaviour. Elliott, a US citizen discovered this theory (elliott wave theory) in 1941 and based it on themathematically patterned view of the universe and everything contained in it.This included the human mind and response specially when attributed to massreactions in a crowd. He also based a major part of his theory onfibonacci ratios. These ratios are now seen as universal truth among the highend analysists working for major hedge funds around the world. Although elliottwave theory propagates crowdbehaviour , which can be used in any trading, elliott used it primarily for indian stock market technicalanalysis. <a href=http://www.masswaveindia.com/></a>
The national broadcastingcorp in Greece has closed down . It proved to be too much of an economic burdenfor the debt ridden govt. The economic meltdown story of Greece and for thatmatter, spain, Italy, Portugal, Cyprus is yet to unfold fully. The economic science as we know it has onlystarted 100 years back, since the advent and modernisation of the bankingsystem. The banks lend money and earn interest on it. The business runs on themoney taken on interest from the bank. The whole system can run without a hitchas long as the banks get their money back. However defaults form an integral part of thebanking system. It is only when the banks are left with assets for collateralwhich lose their value for some reason that the system collapses. In 1930 , the economic depression lasted foralmost 10 years. Unemployment in the US rose to 25 percent and in Europe wentup as high as 33 percent. The next great depression is already happening.It just hasn’t reached the us yet. Compare the present unemployment rates inEurope- Portugal 17 percent, spain 27 percent, Greece 27percent. These are figures which are similar to that ofthe great depression of 1930. Overleveraging in banks is one single reason forany economic collapse. Deutsche bank in Germany is leveraged in derivatives tomore than 70 trillion usd which is nearly 30 times more than the ttl GDP ofGermany !!!. Derivatives as we know are instruments which can collapse in avery short time in any market collapse. This phenomenan is rampant . Govtstaking the so called precautionary measures are akin to Hitting the can downthe road, which is not sustainable. If this is so then where will the economy go. Itis our contention that the balloon is not inflated enough as yet. The marketsinspite of the downturn in economy, overleveraging of banks, high inflation anddeflation in certain commodities, are slated for one final burst up before thefinal collapse. Once the present downturn in the markets is completed , themarkets are slated for higher levels .
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