MY CHARTS-My Technical Charts for TSet

[amitt29]

I dont get it,whats a running triangle?

 

[Blaiserboy]

perhaps he means 'Ascending Wedge'

 

[Blaiserboy]

BSE Point of Control

 

[chintan786]

hi all take look ......

http://content.icicidirect.com/ULFiles/UploadFile_2007101511311.asp

chintan

 

[Blaiserboy]

now we know what the running triangle comes from...

Thanks for posting that..!

 

[uasish]

Blaiserboy,

Amitt knows better than us what is a Running Triangle.However seen your CCI thing & your other charts.Very good effort from your part to share ,thks.

Asish

 

[Blaiserboy]

Asish

Thanks for your kind words.. I will attempt to post regularly now. hopefully the charts will be of value.


dave

 

[amitt29]

A triangle is always 33333 structure,whilst if you see the sensex chart on weekly the move from june 2006 low looks more like a 5(till 14700)than a 3.

Burning a big hole in running triangle theory.

 

[chintan786]

I think the time has cme to re-write these theories... Indian Economy is already re-writting its own history and so our stk markets....

Amitt... wait for some more time many things will get changed.....(don't know abt traderji)

chintan

 

[amitt29]

I don't wait.

But an unseemingly incorrect analysis can throw ppl off guard.A running triangle for that long period from 2003 has such a bullish implication,that it will make last months rally look like a ranged market.And it also means that all the gains of past 3 years were infact a corrective rally(like harshad mehta and ketan parekh times)(which in effect is wrong because market has been making hh and hl).

Nifty can go ahead and hit upper circuit but that must not be attributed to the running triangle scenario.

I can produce original matter from Mr.Neely explaining the running triangle scenario.(Subject to no copyright violation)