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EXCHANGE RATE PREDICTION: 2022

My Technical prediction of ASI Vote_lcap16%My Technical prediction of ASI Vote_rcap 16% [ 43 ]
My Technical prediction of ASI Vote_lcap21%My Technical prediction of ASI Vote_rcap 21% [ 57 ]
My Technical prediction of ASI Vote_lcap30%My Technical prediction of ASI Vote_rcap 30% [ 83 ]
My Technical prediction of ASI Vote_lcap34%My Technical prediction of ASI Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » CHRONICLE™ ANALYTICS » My Technical prediction of ASI

My Technical prediction of ASI

4 posters

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1My Technical prediction of ASI Empty My Technical prediction of ASI Tue Mar 08, 2011 6:47 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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2My Technical prediction of ASI Empty Re: My Technical prediction of ASI Tue Mar 08, 2011 6:51 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Above is the weekly chart of ASI.

I see two possibilities which needs to be monitored.

1. If ASI hits 7200 and bounce back and reach above 7800+ we could expect the present bull run to continue for some time.
2. If it breaks below 7200 market is will find support at 6400.

3My Technical prediction of ASI Empty Re: My Technical prediction of ASI Tue Mar 08, 2011 7:00 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

gann wrote:I see two possibilities which needs to be monitored.
1. If ASI hits 7200 and bounce back and reach above 7800+ we could expect the present bull run to continue for some time.
2. If it breaks below 7200 market is will find support at 6400.

technicals are useless in this market.
the thing is by the end of the last year market fell to 6100 levels and then pushed by EPF (they bought cars , buki, jkh like crazy on that day ).
it won't fall to that extended now . 6400 hmm..... i don't think so

4My Technical prediction of ASI Empty Re: My Technical prediction of ASI Tue Mar 08, 2011 8:36 pm

mark

mark
Expert
Expert

gann wrote:Above is the weekly chart of ASI.

I see two possibilities which needs to be monitored.

1. If ASI hits 7200 and bounce back and reach above 7800+ we could expect the present bull run to continue for some time.
2. If it breaks below 7200 market is will find support at 6400.

please can you remove the effect on ASI by CARS group.........specially WAPO.........
Then things may be clear.........
ASI was mainly driven by CARS group in last days..........so i don't think this chart shows the reality.....i may be wrong............... Smile

5My Technical prediction of ASI Empty Re: My Technical prediction of ASI Tue Mar 08, 2011 9:10 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Meta Trader wrote:
gann wrote:I see two possibilities which needs to be monitored.
1. If ASI hits 7200 and bounce back and reach above 7800+ we could expect the present bull run to continue for some time.
2. If it breaks below 7200 market is will find support at 6400.

technicals are useless in this market.
the thing is by the end of the last year market fell to 6100 levels and then pushed by EPF (they bought cars , buki, jkh like crazy on that day ).
it won't fall to that extended now . 6400 hmm..... i don't think so


This is not a prediction. Its something we need to watch. please note the use of IF Smile. Institutional buyers could buy us time but it will not rectify the overbought situation. A proper technical correction is way over due.



Last edited by gann on Tue Mar 08, 2011 10:22 pm; edited 1 time in total

6My Technical prediction of ASI Empty Re: My Technical prediction of ASI Tue Mar 08, 2011 9:16 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

mark wrote:
gann wrote:Above is the weekly chart of ASI.

I see two possibilities which needs to be monitored.

1. If ASI hits 7200 and bounce back and reach above 7800+ we could expect the present bull run to continue for some time.
2. If it breaks below 7200 market is will find support at 6400.

please can you remove the effect on ASI by CARS group.........specially WAPO.........
Then things may be clear.........
ASI was mainly driven by CARS group in last days..........so i don't think this chart shows the reality.....i may be wrong............... Smile

I agree what you say about WAPO and CARS. But the core issue is market is not making new highs and that leads to investors to hang on to the present portfolio with a hope of a green day.... so the buying power is diminishing. no new money comes to the market in such a scenario.... which leads to force selling. One fuels the other. Only way out is to let the market correct.

7My Technical prediction of ASI Empty Re: My Technical prediction of ASI Fri Oct 14, 2011 1:08 pm

sas

sas
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@gann,
highly appreciate if you say something about current situation of the market Smile
in this thread or below thread.

http://forum.srilankaequity.com/t6624-my-prediction-of-the-market-direction?

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