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FINANCIAL CHRONICLE™ » CHRONICLE™ ANALYTICS » Will Technical History Repeat ?

Will Technical History Repeat ?

5 posters

Go down  Message [Page 1 of 1]

1Will Technical History Repeat ? Empty Will Technical History Repeat ? Thu Aug 30, 2012 12:53 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

During early 2009 CSE has bottomed out with a distorted double bottom pattern.Now there is a simillar formation.We need to keep an eye first on minor resistance line and then on major resistance line.Duration of bottom formation is also some what simillar to last bottom formation.

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2Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Thu Aug 30, 2012 1:11 pm

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If you look at last 20 year history, ASI has bottom out after every two years of bearish trend.Hope 2013 will be dark green year. cheers
YEAR ASPI %
1993 979.30 61.70
1994 686.70 0.80
1995 663.70 -3.27
1996 603.00 -9.10
1997 702.00 16.40
1998 597.30 -14.90
1999 572.50 -4.20
2000 447.60 -21.80
2001 621.00 38.70
2002 815.10 31.20
2003 1062.10 30.30
2004 1506.89 41.88
2005 1922.21 27.56
2006 2722.40 41.60
2007 2541.00 -6.70
2008 1503.00 -40.90
2009 3385.55 125.25
2010 6635.87 96.01
2011 6074.42 -8.46
2012

3Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Thu Aug 30, 2012 1:26 pm

market bull

market bull
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I am little bit worrying about minor resistance level,may be today with big buying at the end of the day or most probably next week.

Whitebull wrote:During early 2009 CSE has bottomed out with a distorted double bottom pattern.Now there is a simillar formation.We need to keep an eye first on minor resistance line and then on major resistance line.Duration of bottom formation is also some what simillar to last bottom formation.

4Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 10:22 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Whitebull wrote:During early 2009 CSE has bottomed out with a distorted double bottom pattern.Now there is a simillar formation.We need to keep an eye first on minor resistance line and then on major resistance line.Duration of bottom formation is also some what simillar to last bottom formation.

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The price formation looks for me as a rounding bottom, thats a bullish pattern. The pattern appears after a long bear run.
TAH cheers

5Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 10:25 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

In a rounding bottom , there need not be a lowest low necessarily, so the LL could have taken place prior to forming of the rounding bottom which we r seeing on ASI.

6Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 10:31 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hanoifortune wrote:If you look at last 20 year history, ASI has bottom out after every two years of bearish trend.Hope 2013 will be dark green year. cheers
YEAR ASPI %
1993 979.30 61.70
1994 686.70 0.80
1995 663.70 -3.27
1996 603.00 -9.10
1997 702.00 16.40
1998 597.30 -14.90
1999 572.50 -4.20
2000 447.60 -21.80
2001 621.00 38.70
2002 815.10 31.20
2003 1062.10 30.30
2004 1506.89 41.88
2005 1922.21 27.56
2006 2722.40 41.60
2007 2541.00 -6.70
2008 1503.00 -40.90
2009 3385.55 125.25
2010 6635.87 96.01
2011 6074.42 -8.46
2012
Thanks. Don't rely totally on statistics. But appreciate your effort. It's quite refreshing when figures reassures you. But take care, look for events that will change market sentiments, investor behaviour,political situation etc.Based on that reposition yourself.

7Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 10:34 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Also economic outlook in 2013, locally and in Asia can affect, middle east and USA n Europe can derermine our future course.

8Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 11:55 am

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

traderathome wrote:Also economic outlook in 2013, locally and in Asia can affect, middle east and USA n Europe can derermine our future course.

Starting from later part of 2013 to 2021, There will be lot of economy,finance,relegious, political issues and natural disasters around the world.Some of the powerfull countries may collapse and weaker countries will rule the world.

9Will Technical History Repeat ? Empty Re: Will Technical History Repeat ? Fri Aug 31, 2012 5:24 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hanoifortune wrote:

Starting from later part of 2013 to 2021, There will be lot of economy,finance,relegious, political issues and natural disasters around the world.Some of the powerfull countries may collapse and weaker countries will rule the world.

Wow you'll make a perfect astrologer/soothsayer giving vague sweeping statements like that. (The statement that you made is applicable for the period 2005-2013, the period 1997-2005, basically the statement applies for any 8 year period going back to 1900).
You can make millions as an astrologer.

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