New Intermed Uptrend!!

[sahil_ksa]

Hi ! Saint,

This is my first post in your thread. Well, actually The reason of writing this post is to compliment you all for all your good work. Mere words may never be sufficient enough, even to scale up your contribution. The efforts that you people make really amaze me. Some two months back I started ( & still at the same level, I am) to learn TA, but as i just said, I am still at the place, where i started it from.

I need the guidance of you people. Tell me what to do..where to start from..Mere reading can never give what I seek. I have seen some books in the resources section (authored by Mr. Murphy & Mr. Ping) & trying to buy them (but don't know ki from what bookstore in delhi can I have those books). Please advise, what to do? I can understand how busy you people are..and I should rather go to the TA section of traderji for it, but there I can for sure see all that might be required to learn TA, but once i reach that section, I get confused by the amount of info.....I just am not able to understand, where from I should start going thru it.....

please help...what ever you people can......it will be very much & forever, ONLY & ONLY, be appreciated.

Thanks,

 

[uasish]

Mr.Saint,
I am new & junior to this site.Its amazing to observe good quality people here.
Enjoy ur holiday.
Regards
Asish

 

[mac_outlaws]

hii saint!!
can i know the prospects of this stocks which i hold ?

dynamatic tech
gujarat sidhee
mcleod russel - i 600 bought at 62
spacno tele
srei infra
techtran polylenses
transgene biotek.


peace,
mac

 

[vizzie]

Hi Saint !!

Merry Christmas!
Hope u had fun with santa
have usha martin @ 186
do i stop out at 162 as u said earlier or..

cheers
vizzie

Thank you for your kind words,Dhanya.

Saint

 

[omkarck]

Market crashed.... Saint can you comment how down will it go ?I invested in MCLEODS that too came down.

What abt ITC,Gujambcem,Rolta,JKPaper as they came down significalty. Is this time to enter in them ?

 

[clive]

tv18 down 10%

Is this just a knee jerk reaction to the stock split announcement.

Would it be a good idea to enter this stock now at such a correction. I can hold medium to long term...

 

[yepsee]

Hi Saint,

I had entered KEI Industries at Rs. 197/-. Some days back it touched Rs. 252/- also but is trading at Rs. 230/- now. Could you give me an idea about the target price for this stock. Also please let me know if it makes sense to buy more of this stock at current rate.

Thanks,
Vishal

 

[gandharvashu]

Hi everybody!

As I told in my previous message that the volumes are peaking and can be the first sign of distribution, I was right. Now, I think if we do not get rebound tomorrow to 2789 level, there will be more pain and I think the major support will then come from 2628 level on Nifty. What are your thoughts

 

[Saint]

Originally Posted by Saint
Hi Avinash,

I agree with you.There are bearish divergences on the Trix and Rsi in the Nifty.Bearish divergences are a sign of an approaching correction.When we do get that correction,it will be much bigger than this 50 point here and there.

So,now that we have the bearish divs on TRIXand the RSI,is it time to sell and get out of the markets?NO,DEFINITELY NOT.The bearish divs is a warning signal of an approaching correction..........that could be tomorrow or when we reach 3000.It would be foolish on our part to get out when there's nothing to suggest that things are no more as rosy as when we entered it.

As it stands now,although we do have bearish divergences,we also have higher pivot highs and lows.The trend is therefore up.As trend players,we ride the trend,in this case .......we are long until something changes to suggest that this present trend is finished.

A break below 2766 and worse a daily close below 2766,and we can say that this leg up is over.

Till then we are up.........we are thankful to all the warning signals around but we remain bullish till pivots crack.But feel free to tighten stops and take some profits off the table because although everything is great today,that correction is coming.Till that day comes,we make hay while the sun shines,and rake in the moolah.

All the best!
Happy Trading!
Saint

Well,well,well........that's the beauty of the TRIX.A Crack as expected,our job as trend traders was to stay with the present leg up which is now over.Now the time for aggressive short termers to go short on a tepid rally,and time for intermed termers to watch and buy once this pullback is over.

Our job is to go with the flow,to enjoy the flow,the ride and the profits of course!

Happy Trading!
Saint

 

[Saint]

Happy Holidays Saint.. Enjoy u'r vacations

Alok.

Thanx Alok!

Saint