NIFTY SYMMETRY 04.11.2011

At the end of a year from 05.11.2010 to 04.11.2011 when the fall started for Nifty at the Muhurat Session of 2010 we are roughly a 1000 points down on the Nifty.As per Gann's Decinnal Cycle this was a bear year.Please refer the article dated 10 September 2011 on this blog. It quotes 

No. 1 in a new decade is a year in which a bear market ends and a bull market begins. Look up 1901, 1911, 1921, 1931, 1941, 1951, 1961, 1971, 1981, 1991, 2001, and watch for 2011, and 2021. So far this year we are in a bearish trend. It’s important to note that yearly cycles within the overall scheme of Gann cycles are not a big factor, and you need to do further analysis. You don’t want to buy into October if major Gann angles or supports have been broken, and I stress the importance of considering many factors in making your decisions.

Now lets compare 2001 year for Nifty :

Nifty opened at 1276.15 made a high of 1422.95 on 16.02.2001 and low of 877.00 on 26.09.2001 and closed the year at 1059.05.

Lets see 2011 year for Nifty till today 

Nifty opened at 6177.45 made a high of 6181.05 on 04.01.2011 and low of 4720 on 26.08.2011 and we are yet to close the year 2011.

Can you see any similarities in this 10 year cycle of 2001 to 2011.The high came one month(actual one and half months) earlier in January 2011 so corresponding the low has one month(same date what a coincidence) earlier that is in August 2011.Have we made a low for the year as per this observation?Well time will tell us!

Happy Trading !