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Inter Market Analysis

Inter market analysis is a series of articles studying related segments of the market to identify lead lags between trends in each segment. This can often forewarn you of impending changes in trend and allow for planning of required action based on it. For example midcaps v/s large caps, currencies v/s commodities and US markets v/s European markets and so on. In a global environment inter-market relationships are not restricted to a country but between countries and their respective asset classes as well.

Bank Nifty

Last two days Nifty daily momentum came back to the buy side when prices went back above the 20dma, however bank nifty stays below the 20dma and in sell mode and below the 40dema yesterday [green average] 

banknifty 131217

BitCoin

Why write about Bitcoin? Because even if you do not own it or trade it, the sheer participation by investors in this space means that Elliott Wave counts and Analysis shows up perfectly. Elliott Waves [EW] analysis is pattern recognition, based on the idea that mass behavior or herding is patterned and repetitive and the EW Principle captures this best. So it does not matter which security you are looking at, and this is a great real time education on the use of EW analysis. Here is the updated chart from yesterday.

btcusd131217

BitCoin

Bitcoin - hourly charts show the first 5 wave rise in the 5th. Ended or to be extended will soon be known. The high, wave iv low and wave 4 low are key levels marked on the chart

btcusd121217

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