Timing Markets is Extremely Difficult

I am positing after long time...partly because of my other assignmnets and partly I was busy ovserving markets and in he porcess learning more...important lesson learnt is its almost impossible to time markets...
I will explain with the chart given below....

Lets loog at the point B at that point RSI had negative crossover (i.e. it cut 50 line and moving down) and at the same point Slow Stoicastic also had negative crossover(i.e. it cut the 20 line moved below it)..these indicated that markets are oversold, which in turn idicates that there are fari chances that mrkets will move up from this point...Alas!! Markets kept falling and falling untill they reached highly over sold position which is explained by the point A on RSI which has negative crossover....That positon on RSI indicates that its time to move up...and Markets really moved up after that....So technicals worked here..but again timing Markets proved to be difficult even wid technicals..what added to the roblem was high volatility in amrkets which again makes it very very diffcult to time markets...

Currrent Situation

As i look at the current chart for NIFTY i find did really difficult to predict about the movemnets of NIFTY....the chart is giving conflicting signals...now what do i mean by this...

If we looks at the MACD..At point D we can see that the red line is cutting blue line from below and moving up...which gives singnal that NIFTY may move up....At the same time if we llok at RSI its going down towards 50 line and more importantly if we look at Slow Stiochastic....At poitn C we can see that %K line is cutting %D line from above and gowing down towards 80 lines..which gives indication that NIFTY will go down...so really difficult to predict here.....

Sync With World Markets

What i observed in these days that there is a good sync between Global Stock markets and Indian stock markets...esp wid asian markets...I just wake up in the morning ..look at the Asian Markets and if theyr are up Indian amrkets will also be up but if they r down Indian markets wil also be doen...this is woring atleast now...

As i wirte this article DOW Jones is down 45 points...imp is we have to look at the Asian market tomorrow morning....My gut feeling is ...that NIFTY will move down tomorrow in coming few seesions...esp towards end of November......as we have seen a very fast rally recently..so it shud come down ....

Althoug its very imp at the moment to wait for 2 days and then see how charts give indications..

Elliot Wave

 Well while observing the markets and learning the new things..i came across a very good concept called elliot waves which predicts about not only shrt term but also long term outlook of market..i read this on the following blog....as m still not very well versed woth Elliot waves as yet so m not explaining it here on my own...rather I am giving the link of the blog hwere i first saw it

Elliot Wave