Random thoughts on technical analysis

[orderflow13]

SORRY FOLKS, wanted to post charts under big picture tag... wanted to post s&p 500,ameriacn dollar( weak on chart ), emerging market stocks, my favorite crude, & gold, but i am lil tired, all charts are saved in my laptop, but no energy to open image shack n upload charts.... tomorrow evening i might do it .... in short ... U.S.D. become weak against euro, s & p close above imp support, financial stocks are strong globally, do watch bank nifty carefully, asian indices making pull back, in short all rosy but it must be bear trap, so plz careful, as yearly chart we are in down trend

 

[orderflow13]

ohhh just remembered ...
books that might not refer for stock market, but very useful for professional stock market trader/ technical analyst
1) Rich dad poor dad
2) Atlas shrugged
3)Fountain head ( both books by ... IRAN RAND, .. Ex FED GOV. Alan Greenspan's guru in real life )

 

[orderflow13]

though s & p 500 made a low,and a bottom in tune with oversold levels of open interest put call ratio, but other indicators of o.i. p/c yet not showing bottomed up, it might be another deep in this ratio,

 

[orderflow13]

Global Window

 

[praveen taneja]

sir can u suggest me any next mnth good call or put mkt is really confusing n picking 5-10 Rs in this volatality n that too in option s u can understand how much..........oh my my

 

[orderflow13]

i didnt get your qs. praveen ... if i understand curectly
buying this series option is big no, one good strategy for u , suppose market is at 4000, buy 4100 call and short 4300 call same time, i think brokerage is also less for this, though not sure, plain buying is out of text

 

[praveen taneja]

Thanx sir but i can only buy call or put bcoz my broker do not allow me to sell call or put blank ,any way thanx sir will follow u ppl in nifty trade n apply on option it is still giving me something after watching ur charts n sunil n Da s level thnx

 

[orderflow13]

working on this indicator

Logic of this indicator is to figure out how smart guys operating, and whether short positions building or long in derivative segment ... aslo back testing how much we must rely on this p/c ratio o.i. indicator ......

p.s. so sorry for no new posts in last week, as figuring out how fchart pro works, and trying to back test few user define indicators )

 

[dsanjyot]

Hi guys,

I just wanted to share my observation during Bearish Mkt trend. Pls let me know if this is true in your experience. (Pls observe the Figures)

Observation :
(Starting from Jan Top Sensex 21200)
1. First correction took 9 days and Sensex TOP/Int. bottom gives multiplier OF 1.382
2. Then upmove started which lasted for 10 days which gives a multiplier of 1.232 (just divide int. top by previous int. bottom)
3. Then Sensex dropped down for 31 days giving the multiplier of 1.287
4. Again mkt went up for 30 days to give multiplier of 1.208
5. Then MKT tanked again for 51days to give multiplier of 1.417

Till this stage mkt has given a perticular shape and from here onwards u will find a mirror image !!!

6. Now mkt went up for 30 days giving a multiplier of 1.215 (Compare with 4th step)
7. Mkt again tanked to form a new bottom which was today taking 34 days and a multiplier of 1.282 (Compare wit 3rd step)
8. If this is the int.bottom.... My guess is that mkt is in upmove to give us int. top of @ 15400 (compared with 2nd step) and will take little over 10 days to complete.
9. Then mkt may tumble down again to form a LONG TERM bottom @ 11000 which again would most probably take more than 10 days....
10...LAST one observation from hereon mkt will consolidate for min. next 50 trading sessions to form a bottom... in this consolidation it may b possible that mkt may go below 11000 or maynot go.

I have checked this mirror image with previous Bear Mkt during 1992 and 2000 You also check if its true to certain extent. All experienced people pls give your feedback on my OBSERVATION.

If this observation is helpful You may get benefit out of it... since... it cud predict the future course of action.....
HAPPY TRADING !!!

Sanjyot

 

[praveen taneja]

working on this indicator

Logic of this indicator is to figure out how smart guys operating, and whether short positions building or long in derivative segment ... aslo back testing how much we must rely on this p/c ratio o.i. indicator ......

p.s. so sorry for no new posts in last week, as figuring out how fchart pro works, and trying to back test few user define indicators )

sir can u post the chart n stretegies u know n how u use them in daily trading really sometime i feel jealous of u that wasted life n known nothing n when u know everything n i know nothing so why waste life n share n consult u is much better .salute to u on everything just everything