Let’s have a look at our technical analysis updates for the BSE Sensex over the last couple of months. BSE Sensex is a stock market index for Mumbai, India, and it is one of the stock market indices we analyze 1-2 times per week.
A key feature of our analysis services, is the adaptive channel system we use for detecting financial market price extremes. An – in our humble opinion – faulty premise of some Elliott Wave Theory practitioners, is to only look at price data. Anyone advocating this misses the point that markets vary in predictability over time. Corrective patterns tend to develop in very complex, unpredictable ways, setting up numerous important bifurcation points that can sometimes severely lower predictability.