Pivot Point Indicator

Why do we waste our time to talk about this scrap.support at 8.8 and 8.7 only on the charts. If you try to value this share how much will it be??? top ten share holder list-PABC comes up 3/4 times.

celtic tiger wrote:Why do we waste our time to talk about this scrap.support at 8.8 and 8.7 only on the charts. If you try to value this share how much will it be??? top ten share holder list-PABC comes up 3/4 times.

Some time people need to think deeply to understand how to get rid of most LOST counter.. further if it is not much interested counter then we need to think too much ....

But if we are at a lost but if the counter is much interesting and attractive one.. we generally assumed that we will get back to breakeven point so soon.... then we may not tend to analyse that much....

this is just one way pf thinking.....

BUT THE PAIN OF A LOST from a SCRAP.... is much deeper than PAIN OF LOST FROM A FUNDA.....!!!

We , Most of us know the feeling of PAIN OF LOST!!!
GL!

KDDND wrote:

celtic tiger wrote:Why do we waste our time to talk about this scrap.support at 8.8 and 8.7 only on the charts. If you try to value this share how much will it be??? top ten share holder list-PABC comes up 3/4 times.

Some time people need to think deeply to understand how to get rid of most LOST counter.. further if it is not much interested counter then we need to think too much ....

But if we are at a lost but if the counter is much interesting and attractive one.. we generally assumed that we will get back to breakeven point so soon.... then we may not tend to analyse that much....

this is just one way pf thinking.....

BUT THE PAIN OF A LOST from a SCRAP.... is much deeper than PAIN OF LOST FROM A FUNDA.....!!!

We , Most of us know the feeling of PAIN OF LOST!!!
GL!

Well said dear KDDND.  
Some people don't know what they talking about ,what they think or what they know. what they know is only to blame someone or to set down some one by saying some crap. This is what we can see most of the time in this forum. They even don't help others they don't think about others that is how they learn to live.
Plenty of promotions here for this counter...

Thank you.

LSE wrote:

KDDND wrote:

celtic tiger wrote:Why do we waste our time to talk about this scrap.support at 8.8 and 8.7 only on the charts. If you try to value this share how much will it be??? top ten share holder list-PABC comes up 3/4 times.

Some time people need to think deeply to understand how to get rid of most LOST counter.. further if it is not much interested counter then we need to think too much ....

But if we are at a lost but if the counter is much interesting and attractive one.. we generally assumed that we will get back to breakeven point so soon.... then we may not tend to analyse that much....

this is just one way pf thinking.....

BUT THE PAIN OF A LOST from a SCRAP.... is much deeper than PAIN OF LOST FROM A FUNDA.....!!!

We , Most of us know the feeling of PAIN OF LOST!!!
GL!

Well said dear KDDND.  
Some people don't know what they talking about ,what they think or what they know. what they know is only to blame someone or to set down some one by saying some crap. This is what we can see most of the time in this forum. They even don't help others they don't think about others that is how they learn to live.
Plenty of promotions here for this counter...

Thank you.

 Thx LSE!
Lets hope with the experience and time... people to get more matured and become to go away from self centered ACTS, WORDS, THOUGHTS.........!!!
So we can enjoy our life well......!!!

dear KDDND and LSE
what is your solution to 'PAIN OF LOST'
1.hold on to the lost making shares until company close down. Ex-vanic,vetex and even pch
2. exit the share with minimum loss and invest that money in a good share to recover your losses.
3.pat each others back to release your PAIN???
In this GAME you have the power to ENTER and EXIT but not to turn around company.

celtic tiger wrote:dear KDDND and LSE
what is your solution to 'PAIN OF LOST'
1.hold on to the lost making shares until company close down. Ex-vanic,vetex and even pch
2. exit  the share with minimum loss and invest that money in a good share to recover your losses.
3.pat each others back to release your PAIN???
In this GAME you have the power to ENTER and EXIT but not  to turn around company.

Dear celtic tiger I think you didn't get the idea clearly. Withing the post it's clearly stated where it'll go and the future of it. Check it's trading status today with my given points.  

Thank You.

celtic tiger wrote:dear KDDND and LSE
what is your solution to 'PAIN OF LOST'
1.hold on to the lost making shares until company close down. Ex-vanic,vetex and even pch
2. exit  the share with minimum loss and invest that money in a good share to recover your losses.
3.pat each others back to release your PAIN???
In this GAME you have the power to ENTER and EXIT but not  to turn around company.

@celtic tiger.....

for a "PAIN of LOST" my solution if I say as I might do.....
Its depend on type of share I dealing with.....
so surely for some shares I might go with your solution 2 based on the shares and its nature & history...... while for some others shares which are considered as very good one like... LLUB, DIST, JKH... I may hold n wait....if I am at LOST in these counters...[which is out of above three options...]

but what I am trying to figure out is.... your previous saying.......

"celtic tiger wrote.........:Why do we waste our time to talk about this scrap.support at 8.8 and 8.7 only on the charts. If you try to value this share how much will it be??? top ten share holder list-PABC comes up 3/4 times................."

We all struggle when we are @LOST..... sometime people tend analyze counters MUCH DEEPER once they stuck/trap with the counter... in order to identify when really they can get rid of that share.... than they analyzed the same counter before they jump into it....

So the DEPTH of analysis of a counter may not be same for many people.....
as their level of desperate about that counter may change from time to time... situation to situation....

But we got to bear and understand and adopt to these different level of analysis though it may not be so important or valid to us for some time...... coz after some detail analysis people tend to go for a solution... may be one of what you mentioned above or any other solutions... until then HOLD THE PAIN OF LOST!

Dear Tiger! I guess i did explain how I feel it and understood it...... if I am wrong here.... surely I have misunderstood what you trying to in your previous saying....... but i feel nice about my explanation as I explained my thought correctly....
Thx!
GL!

ASI Index values as of [ 21-08-2013]

Open -  6225.92
High -  6231.31
Low -   6123.50
Close - 6124.60


R4 6,483.23
R3 6,375.42 --->> Key Point 2
R2 6,267.61 --->> Key Point 1
R1 6,196.11

PP 6,159.80

S1 6,088.30  --->> Strong Support
S2 6,051.99  --->> Strong Support
S3 5,944.18
S4 5,836.37


Conclusion

1. Look at gap between the R1,R2,R3,R4 values, no strong resistance here.  keep in your mind there will be a high probability to push ASI to the R2, R3 levels very easily.

2. Strong support around S1 , S2

3. Watch the market behavior very carefully at this stage but don't get panic.



Thank you.

LSE wrote:ASI Index values as of [ 21-08-2013]

Open -  6225.92
High -  6231.31
Low -   6123.50
Close - 6124.60


R4 6,483.23
R3 6,375.42 --->> Key Point 2
R2 6,267.61 --->> Key Point 1
R1 6,196.11

PP 6,159.80

S1 6,088.30  --->> Strong Support
S2 6,051.99  --->> Strong Support
S3 5,944.18
S4 5,836.37


Conclusion

1. Look at gap between the R1,R2,R3,R4 values, no strong resistance here.  keep in your mind there will be a high probability to push ASI to the R2, R3 levels very easily.

2. Strong support around S1 , S2

3. Watch the market behavior very carefully at this stage but don't get panic.
Thank you.

Thanks for your analysis LSE. By the way where do you get these open, high, low & close figures? I get completely diferrent figures in DirectFN. For example close is 6085.88. ?Can you help me.

K.Haputantri wrote:

LSE wrote:ASI Index values as of [ 21-08-2013]

Open -  6225.92
High -  6231.31
Low -   6123.50
Close - 6124.60


R4 6,483.23
R3 6,375.42 --->> Key Point 2
R2 6,267.61 --->> Key Point 1
R1 6,196.11

PP 6,159.80

S1 6,088.30  --->> Strong Support
S2 6,051.99  --->> Strong Support
S3 5,944.18
S4 5,836.37


Conclusion

1. Look at gap between the R1,R2,R3,R4 values, no strong resistance here.  keep in your mind there will be a high probability to push ASI to the R2, R3 levels very easily.

2. Strong support around S1 , S2

3. Watch the market behavior very carefully at this stage but don't get panic.
Thank you.

Thanks for your analysis LSE. By the way where do you get these open, high, low & close figures? I get completely diferrent figures in DirectFN. For example close is 6085.88. ?Can you help me.

Dear Haputantri

Look at the topic ASI Index values as of [ 21-08-2013]
I've done this analysis on 21th not yesterday. So, at the end of the day my concern was S1  6,088.30  --->> prediction for 22nd and according to my analyze yesterday market closed at 6085.88

If anything let me know hapu..  

Thank You.

ASI Index values as of [ 22-08-2013]

Open -  6117.34
High -   6127.57
Low  -   6085.88
Close -  6085.88


R4 6,224.85
R3 6,183.16  --->> Strong Resistance
R2 6,141.47  --->> Strong Resistance
R1 6,113.67

PP 6,099.78

S1 6,071.98  --->> Strong Support
S2 6,058.09  --->> Strong Support
S3 6,016.40  --->> Strong Support
S4 5,974.71


Conclusion

1. According to the above values today we can expect a tight schedule around S1,S2

2. Key support around S1 & S2

3. Strong Resistance around R2 & R3

4. above 6,113.67 with targets @ 6,141.47 & 6,183.16 in extension.

5. Watch the market behavior very carefully at this stage but don't get panic.

Alternative scenario

Below 6,016.40 look for further downside with 5,974.71 as targets.

Thank you.

LSE as per ur last post, u indicated that there is a strong possibility of market pushing to R2, R3 levels;
R3 6,183.16 --->> Strong Resistance
R2 6,141.47 --->> Strong Resistance

Instead it fallen to few points below S1 6,071.98 --->> Strong Support level.

So today, since the market is already red, ur suggesting it will stop at key supp. S1 or S2;
S1 6,071.98 --->> Strong Support
S2 6,058.09 --->> Strong Support

At the time I'm writing this, ASI is @ 6069.87, so either way its gonna end up in between your S1 & S2..

Since u reside in SL and work for a big company that routes traffic thru India (using Citrix or whatever),  how about putting the analysis at the end of day without waiting till the next morning??  

smallville wrote:LSE as per ur last post, u indicated that there is a strong possibility of market pushing to R2, R3 levels;
R3 6,183.16  --->> Strong Resistance
R2 6,141.47  --->> Strong Resistance

Instead it fallen to few points below S1 6,071.98  --->> Strong Support level.

So today, since the market is already red, ur suggesting it will stop at key supp. S1 or S2;
S1 6,071.98  --->> Strong Support
S2 6,058.09  --->> Strong Support

At the time I'm writing this, ASI is @ 6069.87, so either way its gonna end up in between your S1 & S2..

Since u reside in SL and work for a big company that routes traffic thru India (using Citrix or whatever),  how about putting the analysis at the end of day without waiting till the next morning??  

Its a very good suggestion if time permits.

LSE wrote:

K.Haputantri wrote:

LSE wrote:ASI Index values as of [ 21-08-2013]

Open -  6225.92
High -  6231.31
Low -   6123.50
Close - 6124.60


R4 6,483.23
R3 6,375.42 --->> Key Point 2
R2 6,267.61 --->> Key Point 1
R1 6,196.11

PP 6,159.80

S1 6,088.30  --->> Strong Support
S2 6,051.99  --->> Strong Support
S3 5,944.18
S4 5,836.37


Conclusion

1. Look at gap between the R1,R2,R3,R4 values, no strong resistance here.  keep in your mind there will be a high probability to push ASI to the R2, R3 levels very easily.

2. Strong support around S1 , S2

3. Watch the market behavior very carefully at this stage but don't get panic.
Thank you.

Thanks for your analysis LSE. By the way where do you get these open, high, low & close figures? I get completely diferrent figures in DirectFN. For example close is 6085.88. ?Can you help me.

Dear Haputantri

Look at the topic ASI Index values as of [ 21-08-2013]
I've done this analysis on 21th not yesterday. So, at the end of the day my concern was S1  6,088.30  --->> prediction for 22nd and according to my analyze yesterday market closed at 6085.88

If anything let me know hapu..  

Thank You.

Sorry, I havent read your post carefully. Thanks for your clarification.

Since, ASI is heavily dependant (and also maniputable) on few shares like Nestl,CTC,Jkh, isnt it usefull to watch PPI of those shares rather than ASI?

LSE wrote:Watch the market behavior very carefully at this stage but don't get panic.

Dear smallville

I will work on it when time permits. any way i've just done it  for the community to highlight the scenario behind the scene. Index moving like nothing depend on few stocks, with low volumes, is abnormal. We can experience this kind of scenarios only with CSE.  

K.Haputantri wrote:Since, ASI is heavily dependant (and also maniputable) on few shares like Nestl,CTC,Jkh, isnt it usefull to watch PPI of those shares rather than ASI?

Dear Hapu I agree with you. At the current situation this is a pure index manipulation .  

Thank You.

LSE wrote:

LSE wrote:Watch the market behavior very carefully at this stage but don't get panic.

Dear smallville

I will work on it when time permits. any way i've just done it  for the community to highlight the scenario behind the scene. Index moving like nothing depend on few stocks, low volume is abnormal. We can experience this kind of scenarios only with CSE.  

K.Haputantri wrote:Since, ASI is heavily dependant (and also maniputable) on few shares like Nestl,CTC,Jkh, isnt it usefull to watch PPI of those shares rather than ASI?

Dear Hapu I agree with you. At the current situation this is a pure index manipulation .  

Thank You.

Pivot point=technical analysis, which is the last thing you should consider in CSE.

K.Haputantri wrote:

LSE wrote:

K.Haputantri wrote:

LSE wrote:ASI Index values as of [ 21-08-2013]

Open -  6225.92
High -  6231.31
Low -   6123.50
Close - 6124.60


R4 6,483.23
R3 6,375.42 --->> Key Point 2
R2 6,267.61 --->> Key Point 1
R1 6,196.11

PP 6,159.80

S1 6,088.30  --->> Strong Support
S2 6,051.99  --->> Strong Support
S3 5,944.18
S4 5,836.37


Conclusion

1. Look at gap between the R1,R2,R3,R4 values, no strong resistance here.  keep in your mind there will be a high probability to push ASI to the R2, R3 levels very easily.

2. Strong support around S1 , S2

3. Watch the market behavior very carefully at this stage but don't get panic.
Thank you.

Thanks for your analysis LSE. By the way where do you get these open, high, low & close figures? I get completely diferrent figures in DirectFN. For example close is 6085.88. ?Can you help me.

Dear Haputantri

Look at the topic ASI Index values as of [ 21-08-2013]
I've done this analysis on 21th not yesterday. So, at the end of the day my concern was S1  6,088.30  --->> prediction for 22nd and according to my analyze yesterday market closed at 6085.88

If anything let me know hapu..  

Thank You.

Sorry, I havent read your post carefully. Thanks for your clarification.

S1,S2 kudu neda?Hiks.

Dear wellappili,
You were looking for a older post. This is what you should follow.  

LSE wrote:ASI Index values as of [ 22-08-2013]

Open -  6117.34
High -   6127.57
Low  -   6085.88
Close -  6085.88


R4 6,224.85
R3 6,183.16  --->> Strong Resistance
R2 6,141.47  --->> Strong Resistance
R1 6,113.67

PP 6,099.78

S1 6,071.98  --->> Strong Support
S2 6,058.09  --->> Strong Support
S3 6,016.40  --->> Strong Support
S4 5,974.71


Conclusion

1. According to the above values today we can expect a tight schedule around S1,S2

2. Key support around S1 & S2

3. Strong Resistance around R2 & R3

4. above 6,113.67 with targets @ 6,141.47 & 6,183.16 in extension.

5. Watch the market behavior very carefully at this stage but don't get panic.

Alternative scenario

Below 6,016.40 look for further downside with 5,974.71 as targets.

Thank you.

LSE wrote:
Open -  6117.34
High -   6127.57
Low  -   6085.88
Close -  6085.88


R4 6,224.85
R3 6,183.16  --->> Strong Resistance
R2 6,141.47  --->> Strong Resistance
R1 6,113.67

PP 6,099.78

S1 6,071.98  --->> Strong Support
S2 6,058.09  --->> Strong Support
S3 6,016.40  --->> Strong Support
S4 5,974.71

Below 6,016.40 look for further downside with 5,974.71 as targets.

Thank you.

All strong support has broken nuh? 134 points down and ASI is at 5,951.83. This is what ASI is- so unpredictable..

So where this will be on Monday??

Seems like further down on the way MACD, ADX show weak signals.. 5815 if we're unlucky??

smallville wrote:

LSE wrote:
Open -  6117.34
High -   6127.57
Low  -   6085.88
Close -  6085.88


R4 6,224.85
R3 6,183.16  --->> Strong Resistance
R2 6,141.47  --->> Strong Resistance
R1 6,113.67

PP 6,099.78

S1 6,071.98  --->> Strong Support
S2 6,058.09  --->> Strong Support
S3 6,016.40  --->> Strong Support
S4 5,974.71

Below 6,016.40 look for further downside with 5,974.71 as targets.

Thank you.

All strong support has broken nuh? 134 points down and ASI is at 5,951.83. This is what ASI is- so unpredictable..

So where this will be on Monday??

Seems like further down on the way MACD, ADX show weak signals.. 5815 if we're unlucky??

Everythings possible here.Luckily our pivot point guy was silent these days if not JKH would have dissapointed his strong support levels.

wellappili wrote:
Everythings possible here.Luckily our pivot point guy was silent these days if not JKH would have dissapointed his strong support levels.

පවත්නා තත්වය පිලිවදව මා ඔබ මෙන් කලබලයටත් භීතියටත් පත් නොවෙමි. කොටස් වෙළදපොල පිලිබදව ඔබගේ ඇති  දනුමේ ප්‍රමණය අනුව ඔබගේ නොසන්සුන් තත්වය දිනෙන් දින ඉහල යන ආකාරය මා කිහිප වතාවකදීම දුටුවෙමි.

කෙසේ වෙතත් උද්ගතවී ඇති තත්වය පිලිබදව ඔබට යම් දුරකට හෝ පැහැදිලි අවබොධයක් ඇතිබව මා විශ්වාස කරමි. මෙහිදි මුලිකවම සැලකිල්ලට ගතයුතු වන්නේ සමාගම් කිහිපයක් ක්‍රියාකාරීත්වය මත කොටස් වෙළදපොල ඉහල පහල යාම තීරණය වීමයි.  මෙහිදී ඇතිවී තිබෙන අවාසි දායක තත්වය සියලුම ආයොජකයින් වෙත දීර්ඝකාලීනව බලපැවැත්වෙන අතර මෙය මූලිකවම අනෙකුත් සමගම් වල කොටස් මිල ඉහල පහල යාම සදහාද සෘජු හෝ වක්‍ර ආකාරයෙන් බලපානු ලබයි.

තත්වය මෙසේ තිබියදි නිසි ප්‍රතිපත්තියක් හෝ නීති පද්ධතියක් ක්‍රියාත්මක නොවීම හෙතුවෙන් තත්වය දිනෙන් දිනම උග්‍ර වෙමින් පවතින අතර ලොව කිසිදු රටක දක්නට නොමැති මෙවන් ආයොජන ප්‍රතිපත්ති හමුවේ තාවකාලික වාසි බලපොරොත්තුවෙන් කිහිප දෙනෙකු තම තමන්ට අවැසි පරිදි මිල ඉහල පහල දැමීමද සිදුකරගෙන යනුලබන අවස්තාවකදී ඕනෑම තියරියක් උඩු යටිකුරු කල හැකි බව පමණක් මා දනිමි.

ස්තූතියි.

I don't know why ppl who do not hold JKH, CTC, etc sell their shares when those big counters come down? They should know by now...

LSE wrote:

wellappili wrote:
Everythings possible here.Luckily our pivot point guy was silent these days if not JKH would have dissapointed his strong support levels.

පවත්නා තත්වය පිලිවදව මා ඔබ මෙන් කලබලයටත් භීතියටත් පත් නොවෙමි. කොටස් වෙළදපොල පිලිබදව ඔබගේ ඇති  දනුමේ ප්‍රමණය අනුව ඔබගේ නොසන්සුන් තත්වය දිනෙන් දින ඉහල යන ආකාරය මා කිහිප වතාවකදීම දුටුවෙමි.

කෙසේ වෙතත් උද්ගතවී ඇති තත්වය පිලිබදව ඔබට යම් දුරකට හෝ පැහැදිලි අවබොධයක් ඇතිබව මා විශ්වාස කරමි. මෙහිදි මුලිකවම සැලකිල්ලට ගතයුතු වන්නේ සමාගම් කිහිපයක් ක්‍රියාකාරීත්වය මත කොටස් වෙළදපොල ඉහල පහල යාම තීරණය වීමයි.  මෙහිදී ඇතිවී තිබෙන අවාසි දායක තත්වය සියලුම ආයොජකයින් වෙත දීර්ඝකාලීනව බලපැවැත්වෙන අතර මෙය මූලිකවම අනෙකුත් සමගම් වල කොටස් මිල ඉහල පහල යාම සදහාද සෘජු හෝ වක්‍ර ආකාරයෙන් බලපානු ලබයි.

තත්වය මෙසේ තිබියදි නිසි ප්‍රතිපත්තියක් හෝ නීති පද්ධතියක් ක්‍රියාත්මක නොවීම හෙතුවෙන් තත්වය දිනෙන් දිනම උග්‍ර වෙමින් පවතින අතර ලොව කිසිදු රටක දක්නට නොමැති මෙවන් ආයොජන ප්‍රතිපත්ති හමුවේ තාවකාලික වාසි බලපොරොත්තුවෙන් කිහිප දෙනෙකු තම තමන්ට අවැසි පරිදි මිල ඉහල පහල දැමීමද සිදුකරගෙන යනුලබන අවස්තාවකදී ඕනෑම තියරියක් උඩු යටිකුරු කල හැකි බව පමණක් මා දනිමි.

ස්තූතියි.

Exactly. Thats why im telling you to stop this pivot point joke.

He hee...

I'm not discouraging but if pivot points work in CSE I wonder why should I even try to draw a Fibonacci or a support/resistance line  

Looks guys , there is no harm putting the pivots here .

It is additional info to tech .

If it does not work just ignore it. Why stress.

slstock wrote: If it does not work just ignore it. Why stress.

Agree. I think it's useful in general.

It's unfair to expect PPI to indicate situations like the current dip.

ASI Index values as of [ 29-08-2013]

Open - 5754.08
High - 5835.48
Low - 5754.08
Close - 5825.06


R4 6,049.07
R3 5,967.67
R2 5,886.27
R1 5,855.67 --->> Key Resistance Level

PP 5,804.87

S1 5,774.27 --->> Key Support Level
S2 5,723.47
S3 5,642.07
S4 5,560.67

Conclusion

1. Trading [5825.06] above the pivot point [5,804.87] is thought to indicate ongoing bullish sentiment.
2. considered that if the pivot point is broken in an upward movement then the market is bullish
3. If the pivot point is broken in a downward movement, then the market is bearish
4. You should keep in mind that pivot points are short-term trend indicators, useful for only one day until they need to be recalculated
5. Tomorrow will be a good starting point for the next month. If it's able to pass 6000 levels we can expect a super September from next week onwards.
6. Keep your eye on Key Support | Resistance Levels
7. If it's fail to support withing the given level we can expect another sudden pull back of the index again.  Lets hope for the best.

Note

This is only for your consideration & if you are not agree with this concept please ignore.

Thank You.

Thanks LSE.

ASI Index values as of [02-09-2013]

Open - 5834.41
High - 5841.64
Low - 5782.72
Close - 5782.72

R4 5,979.12
R3 5,920.20
R2 5,861.28
R1 5,822.00

PP 5,802.36

S1 5,763.08
S2 5,743.44
S3 5,684.52
S4 5,625.60

Conclusion :

Actually by looking at above values I'd like to say, yesterday ASPI closing value is close to the next support level so we can expect a sudden uptrend or a Sudden down trend at the start. You all can clearly see that, now we are slowly closing to the next support level S1 at 5,763.08 and the next resistance R1 is at 5,822.00.There will be a higher probability to pass 5,802.36 level at the end of the day.

A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.

Alternative scenario:

Trading below the pivot point indicates bearish sentiment. when we look at previous close and the support level, It's S1,S2 much closer than the next resistance level R1,R2. mean we can expect an uptrend since there is no resistance withing the range. If it's fail we can expect another red day.

Lets hope for the best.