Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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- Tags afl amibroker
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It goes this way -- the bears like 'bull meat'. They cannot do w/o that - for that they have to make sure there are many bulls to be captured.
As long as bulls are still wary of the bears lurking here and there, forget any major permanent downmove.
Once the bulls start moving around w/o fear of the bears, then the bears move in and ensure that they get at-least 2-3 bulls each for nashta, lunch and dinner
Enjoy the bull ride till then.
btw: Monday will be super day -- NR7 and someone pointed out NR99 i.e. Nifty has not moved less than todays range for the last 99 days.
As long as bulls are still wary of the bears lurking here and there, forget any major permanent downmove.
Once the bulls start moving around w/o fear of the bears, then the bears move in and ensure that they get at-least 2-3 bulls each for nashta, lunch and dinner
Enjoy the bull ride till then.
btw: Monday will be super day -- NR7 and someone pointed out NR99 i.e. Nifty has not moved less than todays range for the last 99 days.
well said...:clap:
hi savantG,
yeah probably i got it wrong.
its that i have been taken for a ride by these shysters (who prowl mmb) for so long that i like to cross check such 'enigmatic views' with some experts (as in the instant case, u). always better to get a second opinion, what? thats how the amateurs get to read 'tween the lines, eh!
reg
yeah probably i got it wrong.
its that i have been taken for a ride by these shysters (who prowl mmb) for so long that i like to cross check such 'enigmatic views' with some experts (as in the instant case, u). always better to get a second opinion, what? thats how the amateurs get to read 'tween the lines, eh!
reg
The smart money aka strong holders.
They want to actually take the market up! But any selling(aka resistance) could just spoil the rally as soon as it starts. Hence, currently they are "testing" for any supply hotspots. If supply is found, they refrain from buying and the price falls due to lack of demand! If the supply is absent, expect a rally.(For illustration, see the chart of BHARATFORG). Professional moves are very clear on it. Also, If you observe the candlestick charts of the last 3 months, you will notice that big moves(long green candles) are formed just as the price approaches previous resistance levels. This is called "gapping up" (not as in open>previous close) which is done to prevent others from buying the shares from those traders who were locked in at those levels when the markets turned down from that level(thus they are avoiding selling)! This gapping up is indicative of aversion to supply, which translates into a thought of rally preparation!
Be prepared to see a rally very soon!
They want to actually take the market up! But any selling(aka resistance) could just spoil the rally as soon as it starts. Hence, currently they are "testing" for any supply hotspots. If supply is found, they refrain from buying and the price falls due to lack of demand! If the supply is absent, expect a rally.(For illustration, see the chart of BHARATFORG). Professional moves are very clear on it. Also, If you observe the candlestick charts of the last 3 months, you will notice that big moves(long green candles) are formed just as the price approaches previous resistance levels. This is called "gapping up" (not as in open>previous close) which is done to prevent others from buying the shares from those traders who were locked in at those levels when the markets turned down from that level(thus they are avoiding selling)! This gapping up is indicative of aversion to supply, which translates into a thought of rally preparation!
Be prepared to see a rally very soon!
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Hi Biggles,
You have already got an important lesson - not to trust the media and those analysts.
The analyst appearing on the TV is just one of the many tools of the market/share operator. I have my own reservation about these analysts who talk about operational aspects of the company.
For ex: On CNBC TV18, these days they have a new segment called "Bull's Eye" where they invite expert analysts to suggest stocks. Those analysts speak at length about how some company is improving its manufacturing process, its distribution, its mergers/demergers, acquisitions, etc. This type of analysis, which I term as "operational analysis" is one of the most useless type of analysis. A company may be acquiring some company but it may be selling one of its subsidiaries. Sometimes there are like "CEO of XYZ company sold a huge lot in open market". But it is known that many such CEOs have secretly bought back the same stock!
Since myself is versed technical analysis, its easy to verify the "tips" given by the analyst. Also, many times I find that the analyst tips after the big move has occurred, whereas as there is many times enough indication a day or two in advance that a big move is coming. They don't want you to buy before the big move because themselves want to accumulate the stock. Once the big move has occurred and their accounts are showing good profits, they will recommend the stock target with a very lucrative "target" so that the "herd" falls for it and buys it. This herd buying is nothing but distribution of the stock from the share operators to the idiot herd. You can yourself lookup the performance of "tips" given by these "expert" analysts. Some analysts have been busted and banned from offering "advice" in public media.(They advice BUY but secretly they are selling into it). Don't know why exactly are they called "experts". May be because they are expert in making money for themselves and operators!
You have already got an important lesson - not to trust the media and those analysts.
The analyst appearing on the TV is just one of the many tools of the market/share operator. I have my own reservation about these analysts who talk about operational aspects of the company.
For ex: On CNBC TV18, these days they have a new segment called "Bull's Eye" where they invite expert analysts to suggest stocks. Those analysts speak at length about how some company is improving its manufacturing process, its distribution, its mergers/demergers, acquisitions, etc. This type of analysis, which I term as "operational analysis" is one of the most useless type of analysis. A company may be acquiring some company but it may be selling one of its subsidiaries. Sometimes there are like "CEO of XYZ company sold a huge lot in open market". But it is known that many such CEOs have secretly bought back the same stock!
Since myself is versed technical analysis, its easy to verify the "tips" given by the analyst. Also, many times I find that the analyst tips after the big move has occurred, whereas as there is many times enough indication a day or two in advance that a big move is coming. They don't want you to buy before the big move because themselves want to accumulate the stock. Once the big move has occurred and their accounts are showing good profits, they will recommend the stock target with a very lucrative "target" so that the "herd" falls for it and buys it. This herd buying is nothing but distribution of the stock from the share operators to the idiot herd. You can yourself lookup the performance of "tips" given by these "expert" analysts. Some analysts have been busted and banned from offering "advice" in public media.(They advice BUY but secretly they are selling into it). Don't know why exactly are they called "experts". May be because they are expert in making money for themselves and operators!
Hi L2T,
Hmmmm....You Still Haven't Given That Old Habit Of Yours.....Like The One You Did With EDUCOMP...Before The 18th May....
Very Short Perspective Meaning....Next Couple Of Days....Is Easy....It Will Remain Where It Closed Today.....
Just Kidding L2T....Will Have A Look At The Charts Tomorrow...
Happy & Safer Trading
SavantGarde
Hmmmm....You Still Haven't Given That Old Habit Of Yours.....Like The One You Did With EDUCOMP...Before The 18th May....
Very Short Perspective Meaning....Next Couple Of Days....Is Easy....It Will Remain Where It Closed Today.....
Just Kidding L2T....Will Have A Look At The Charts Tomorrow...
Happy & Safer Trading
SavantGarde
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