Dear Members

you all know i have posted analysis on USD INR on 11 FEB for target of 54 in case you have missed below is the link

http://www.janibrothers.in/usd-inr-weekly-inverted-hammer-cross-positive/

http://www.janibrothers.in/nifty-4600-and-usd-inr-54/

now looking at the wave prospective wave B might have ended at 54.18

i will wait for confirmation till it dosent close below 53.42 (gap area)

if this happen then will create short position for short term and for medium term i will wait till 51.52 on weekly closing basis

lets see whats happen ahead

Thanks And Regards

Nishesh Jani

Professional Trader & Investor

US DOLLAR INDEX (chart attached)

trading strategy for medium term trader buy when it gives weekly close above 80 then we will put stop loss for it

The VIX (Chicago Options: ^VIX) or fear gauge is at the lowest level since July 2007. Not only are investors complacent about any possible risk, but the financial media is too complacent to write about investors lack of fear.

Lack of publicity of a bearish indictor usually increases the potency of its message. Does this mean the stock rally is about over?

There are no absolutes at investing, but low VIX readings have proven to be a good sell signal. Since July 2007 the VIX dropped below 15 only twice in April 2011 and a few days ago (Tuesdays low was 13.99, the April low was 14.30).

We know that last Aprils VIX low led to a swift 20% across the board decline, but to get a larger sample size, lets relax the parameter to VIX readings below or close to 15. This gives us a few more hits. The chart below plots the S&P 500 against the VIX.

The horizontal red line is drawn at the 15 level while the red arrows mark the corresponding S&P level. It doesnt take a Ph. D. in statistics to decipher the implications of a sub-15 VIX reading.

rising wedge with negative divergences on RSI

hammer support at 1341 below that free fall

DOW JONES-us market

buy signal given based on head and shoulder on 8 January and behave exactly same-below is the link

http://www.janibrothers.in/dow-jones-head-and-shoulder-pattern/

now what next?

rising wedge and negative divergence on RSI

be ready to see big correction below is the chart

FTSE-european market

buy signal given based on head and shoulder on 8 January and behave exactly same-below is the link

http://www.janibrothers.in/ftse-european-market-head-and-shoulder/

now what next?

rising wedge and negative divergence on RSI with multiple top

be ready to see big correction below is the chart

DOW JONES

head and shoulder pattern

if today on 6th January close above 12350 then will rally up to 13300

FTSE-

head and shoulder pattern

3 consecutive +weekly close above 5650 will take up to 6200