Bull Run today

gann wrote:An experienced technical analyst can judge in a matter of seconds if the stock is manipulated or not

if u don't mind can u share some of the shares that u think manipulated in ASI and can prove from a technical analyst point of view please .



P.S
if u really don't like to mention them in the forum please feel free to send me a personal msg

I am taking a part of xyz's and zyx's bar charts to illustrate my point.
See those unusual number of gap ups and downs and lack of harmony. (just one of many to consider)



Technical's are used to measure human emotions (greed/fear/hope etc) and which is stronger at the time. So they work only on stocks with high volume and wide public participation. so the effect of manupulation is negligible. Manipulation is part of the game. There is no stock in the world thats not Manipulated.

I do not keep an open position for more than three days. If you are a long term player use tec for timing of entry and potential reversals periods.

a classic chart of someone dumping


every time the stock try to rally a load of stocks dumped but making sure to keep the price fluctuations within a tight range and above price x

gann wrote:



I am taking a part of xyz's and zyx's bar charts to illustrate my point.
See those unusual number of gap ups and downs and lack of harmony. (just one of many to consider)



Technical's are used to measure human emotions (greed/fear/hope etc) and which is stronger at the time. So they work only on stocks with high volume and wide public participation. so the effect of manupulation is negligible. Manipulation is part of the game. There is no stock in the world thats not Manipulated.

I do not keep an open position for more than three days. If you are a long term player use tec for timing of entry and potential reversals periods.

well i can not detect the manipulation on above two charts since it doesn't feature price and time axis . but we all know WAPO and ECL was manipulated.

gann wrote:a classic chart of someone dumping


every time the stock try to rally a load of stocks dumped but making sure to keep the price fluctuations within a tight range and above price x

ya but this share is in a down word trend at the moment thanks to Mr S. C Rxxxxxxxx . why did he dump 400,000 of shares on 0x march

@meta trader
Learn to read the bar charts my dear like you learnt to play the guitar. Stop this "Koheda yanne malle poll talk"

gann wrote:@meta trader
Learn to read the bar charts my dear like you learnt to play the guitar. Stop this "Koheda yanne malle poll talk"

gann,


seriously those are not bar charts. it is Called candle sticks charts .
at least you can learn it from me
and "Koheda yanne malle poll talk" is a copy right material of Mr Buddhi De Mal

we know this is as WAPO ( please click on the candle stick chart to enlarge )


we know this is as ECL ( please click on the candle stick chart to enlarge )


we know this is as JKH ( please click on the candle stick chart to enlarge )


one thing for sure, candle stick formation doesn't work in our individual stocks. we can see lot of opening gaps among illiquid stocks some times they stagnated in the same position. what matters is the volume , if a share price is suddenly sky rocketing or heading down withing 10 trading days with thin volume or some considerable big volume then i suspect it is an insider info related movement . but i can not guarantee that .but what we do is trading with the momentum . but u are saying WAPO and ECL is manipulated and JKH is in a unloading phase by referring to some Candle stick chart which doesn't work in sri lankan market ( if candle sticks work like that i would have been the next HJ ) so i hope that u get my point. your examples doesn't prove whether they are manipulated or in an unloading phase . and the worst thing is those ur charts dosen't even have the price , time axis to get a clear idea. that's why attach them in here.

so my next question is since those candle stick formation doesn't prove any thing how on earth u saying those are manipulated and in a systematic unloading phase
i highly suspect u have some very strong and easy access to strong forces and insiders information.

but the key is in CSE u can not monitor the manipulation just by looking at a candle stick chart .(even this stupid "Goni billa formula" can not detect it .)
and my argument is above charts alone do not prove whether they are manipulated or not

The only place i would accept the candle stick technical analysis in Forex market with absolute and in Futures for some extent which is not a part of this forum.

but all i can say is manipulation is every where and without it there won't be any market

P.S
now don't say that u don't like to share ur " HOLY GRAIL " or " value xxx " formula in here .if that is the case i don't know what to say GANN.......
we are all here to share and learn from each other . this would be an excellent start to explore and invent our own parameters or come up with our own oscillator

wow.. nice battle.

Shall I add something.

Using Candle chart, Bar chart or any technical indicators we cannot predict the market. only thing we can do is study the current trend and its phase and act accordingly. even said that, we cannot be 100% correct. if any Chartist can trade 40% accurately with charts his can be called as very good technical player.

@meta trader.

The chart below is a bar chart. You call them OHLC bar charts.

anyway getting back to the point...

Read my previous post "Tec Analysis work only on liquid stocks". You need high volume and trades.

Your request to me was to support my case using technical methods. which i did. I could have done that even by not knowing the name of the company.

Some have preconceived notions. Like EPF/ETF coming to the rescue.. I am yet to see the rescue team

see how asi responded to previous support/resistance levels. I posted it on the 15th of March.
http://forum.srilankaequity.com/t1844-could-asi-hold-the-previous-support-line


See how I predicted the GRAN movement on 11th March....
http://forum.srilankaequity.com/t1737-gran-unfolding-of-the-waves




@xmart
No one cant predict the future. we can only find the entry with a higher probability. if you fail, bail out immediately with a small lost. cut your losses and let the profits run. that's the holly grail

Dear Gann,

i just started my conversation which i think most technical traders love to participate . i really thought at least u will come up with a technical strategy to prove Whether Individual stocks were manipulated or not

and now you are trying to butter me up with some ASI , GRAN.

what i have asked u about is crystal clear ... it is about the manipulated Stocks.
Forget ASI or GRAN . what i asked was about individual stocks that u think have been manipulated .

Meta Trader wrote:

gann wrote:An experienced technical analyst can judge in a matter of seconds if the stock is manipulated or not

if u don't mind can u share some of the shares that u think manipulated in ASI and can prove from a technical analyst point of view please .



P.S
if u really don't like to mention them in the forum please feel free to send me a personal msg

and then u came up with WAPO , ECL as manipulated and the most controversial chart was JKH which u said was in a systematical share dumping phase . how on earth u came to know that ? only the brokers or HNWI know whether it is a systematical dumping or not . that is why i said

Meta Trader wrote:i highly suspect u have some very strong and easy access to strong forces and insiders information.

but those candle stick charts did not prove whether they are Manipulated or not

and now i know the real reason why you never mention the company names of ur examples

and there is a saying that says " If you throw enough stuff against a wall..... eventually something will stick "

but my friend as soon as i found out the name of the companies that you have been referring to be manipulated ...there is nothing to stick against the wall of your support

( your interpretation on JKH example may lead to controversy )

so you are yet to answer my Question

then u replied with this....

gann wrote:@meta trader.


anyway getting back to the point...

Read my previous post "Tec Analysis work only on liquid stocks". You need high volume and trades.

Your request to me was to support my case using technical methods. which i did. I could have done that even by not knowing the name of the company.

and this is what i call

gann wrote:@meta trader
bla bla bla bla .........
"Koheda yanne malle poll talk"

@meta trader
observe the length of time the price was kept exactly above 290 and below 300. u could draw a straight line underneath from 27th oct 24th feb.
what more proof do you need. any idiot can see what was happening. once dumped they let go. then u see the free fall.

GRAN and ASI examples was used to counter your argument that tecs do not work on cse.

xmart wrote:wow.. nice battle.

Shall I add something.

Using Candle chart, Bar chart or any technical indicators we cannot predict the market. only thing we can do is study the current trend and its phase and act accordingly. even said that, we cannot be 100% correct. if any Chartist can trade 40% accurately with charts his can be called as very good technical player.

Xmart this is not a battle
we are all winners .
we are here to share ideas and experiences .
nothing personal
some times We all make mistakes. Even teachers and experts do .

we are all lifetime students of the market

Students are always asking questions in their learning curve and that is what i'm doing here.

But to be a Student he or she Must have the willingness to learn with a consistent, productive behaviors that work

gann wrote:@meta trader
observe the length of time the price was kept exactly above 290 and below 300. u could draw a straight line underneath from 27th oct 24th feb.
what more proof do you need. any idiot can see what was happening. once dumped they let go. then u see the free fall.

Dear Gann,

cool down Buddy .
i still anticipating a positive answer from you with regarding to the

gann wrote:An experienced technical analyst can judge in a matter of seconds if the stock is manipulated or not

No further comments from me

thanks for your time and effort + rep from me

P.S

i think all of our members find the topic we have discussed here is very interesting as well as very stimulating .

Yours sincerely
Meta Trader

Thanks all for the very useful and productive discussion.

From my comment here I have just described an observation that was according to my diversified portfolio, others may also experiencing similar things. I was not trying to draw any conclusions and there were no disagreements. I hope that market will be green tomorrow onwards as most of the shares are now in the bottom level.

“Most of the shares in my portfolio depreciated during the last two to three weeks. Even shares like JKH and COMB came down. For JKH and COMB this look like the bottom, it is very difficult to identify the exact bottom level, I may not catch the real bottom, and however, I find current levels are good enough bargain prices and collected few. Only shares in my portfolio maintained share prices stable without going down during this period were GUAR, CONN, CARS and HDFC. Some of these shares are somewhat resistant to price depreciation. If I wait until it goes up I might miss the bottom, I collected few shares when they are at reasonably low levels.”

What I was actually trying to say was that market cannot go down much further, some of the shares are at a lowest level, and Market would become green step by step next week onwards. Cooperate earnings and the economy is in good shape.

ShareShares wrote:
What I was actually trying to say was that market cannot go down much further, some of the shares are at a lowest level, and Market would become green step by step next week onwards. Cooperate earnings and the economy is in good shape.

This is exactly what I address in my posts on this thread and elsewhere. Just because prices of blue chips are at very low levels most definitely does not mean that they are at 'a lowest level' Corporate earnings and economy being in good shape will drive prices upwards in the long term. It's not reason enough to drive prices up in the short term. Of course the market might bottom out next week as you say and then again it might not. There just isn't enough data to say which one it is going to be.

@meta trader
Yeah lets wrap this up + from me too

Soundchips wrote:Green chips like CARS , JKH are also bullish.

Some shares started movement .Thanks, I collected some BUKI and CINV today.
plus point.

Aamiable wrote:

Soundchips wrote:Green chips like CARS , JKH are also bullish.

Some shares started movement .Thanks, I collected some BUKI and CINV today.
plus point.

Yep, some shares are moving alright. 109 of them have moved down at the time of writing and 47 have moved up.

yes I'm correct. I found real professional trader out of looser. I went through all past post and replies by you. really amazing . Are you a full time trader?
Thanks