anjelo wrote:no fundamentals in this market... few hand full of people brings it up and takes it down at will.......
Yes, not at this time in market.
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anjelo wrote:no fundamentals in this market... few hand full of people brings it up and takes it down at will.......
traderathome wrote:5375 will it be magical for a trend change.....technically yes it can...
Last edited by traderathome on Tue Nov 20, 2012 3:45 pm; edited 1 time in total
traderathome wrote:BFL my cost is 175 i was a bit late and very greedy....the support is around 130-120 for a rebound...but todays drop can even take us to 100 in coming days (keeping in view the ASI pull back completion around 5475) because of the huge fall. my exit would be below 100Rs
traderathome wrote:Month of December going to be overall better.....not technical....but a gut feeling
slstock wrote:traderathome wrote:Month of December going to be overall better.....not technical....but a gut feeling
I hope so. History says fun can ( notice can not will) start sometime in 3 or 4 weeks in Dec. But who knows. So until the next run lets hang on.
traderathome wrote:BFL my cost is 175 i was a bit late and very greedy....the support is around 130-120 for a rebound...but todays drop can even take us to 100 in coming days (keeping in view the ASI pull back completion around 5375) because of the huge fall. my exit would be below 100Rs
traderathome wrote:my PF is bleeding RED with -11%
Roboticfx wrote:Dear slstock,
Thank you for your advice Sir. You statement is totally correct. If there is the patience, the victory is achieved.
The reason of posting that is shown by you at the bottom of your comment. "I'm a short term trader".
However, if there is any chance, I don't miss it.
I never sell even a single share at a loss. I'm holding till I see the light end of the tunnel and, at the same I kindly request all to follow that.
If someone have a strong financial ability, he or she can start buying slowly. Catch only the fundamentally strong shares. It will be a hidden source of profit.
If you don't have holding power, just keep away. Don't put your hands into the flame and get it burned.
Happy Trading For All!
getting close.nimantha80 wrote:RED WHOLE WEEK.5300.
revised buy order now at 4.2 becoming very shrewd and greedyslstock wrote:Okay TAH we are at 5375 now . Lets watch how much more certain shares become bargains. Your MAL dream came true sooner than expected.
not at teh same price paid .20cents moretraderathome wrote:revised buy order now at 4.2 becoming very shrewd and greedyslstock wrote:Okay TAH we are at 5375 now . Lets watch how much more certain shares become bargains. Your MAL dream came true sooner than expected.
traderathome wrote:not at teh same price paid .20cents moretraderathome wrote:revised buy order now at 4.2 becoming very shrewd and greedyslstock wrote:Okay TAH we are at 5375 now . Lets watch how much more certain shares become bargains. Your MAL dream came true sooner than expected.
Expert wrote:My observations:
ASI moved below 50-day Moving Average on 24th October and touched it again on 25th October and now remains below it.
ASI has been moving up and down between 50-day and 200-day Moving Average since then and now very close to the 200-day MA. Yesterday's (21st November 2012) closing ASI was 5360.60 and 200-day MA was 5313.23.
MACD 12,26,9 on ASI gave a SELL signal on 20th November.
Relative strength of ASI yesterday 21st November is below the 30 mark and was at 25.31.
These figures were taken from DFN-TWS.
Please add your observations and also your interpretations if there are any, based on these and also your observations.
Though the above sounds negative, so far, today, up to now, the ASI has moved up by about 1%.
Roboticfx wrote:Expert wrote:My observations:
ASI moved below 50-day Moving Average on 24th October and touched it again on 25th October and now remains below it.
ASI has been moving up and down between 50-day and 200-day Moving Average since then and now very close to the 200-day MA. Yesterday's (21st November 2012) closing ASI was 5360.60 and 200-day MA was 5313.23.
MACD 12,26,9 on ASI gave a SELL signal on 20th November.
Relative strength of ASI yesterday 21st November is below the 30 mark and was at 25.31.
These figures were taken from DFN-TWS.
Please add your observations and also your interpretations if there are any, based on these and also your observations.
Though the above sounds negative, so far, today, up to now, the ASI has moved up by about 1%.
Thanks for your observation and publishing the data. It tells that the market is at an extreme oversold situation. However, I think an acceleration is needed to pull up and also we may see some small green days. No sufficient info to predict the frustration of the tend.
Retail investors are trying to get out and expect short and small return and get more losses.
Some large investors are broken heart and keep away. I met few of those medium investors recently, and they expressed that their idea was holding till pass the boundary of dark. After the departure of excited retailers, most probably market may show an upward movement. I'm not sure about it. However, big people must not put their invisible hands into the market and shake it. Otherwise, we will be in the same pit along and along.
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