Hi mark,
When you exit from the mkt ?

Are you going to sell nw?

Thanks

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@Teller wrote:Lot of sprats are going to die,sharks are winners here.don't make other people rich. Don't believe crowd behavior.don't think possible side.think impossible side.that's my success.
@malanp wrote:
LSE
I have said clearly what I have noticed about you.
every time market is down, then you appear.
every time market is up, then you disappear.
you use your pivot point analysys and say market will go down, but you never say market will go up, though market has gone up so many days.
@malanp wrote:6150 is correction of 38.2%
today it touched 6151 and now going up.
Now market seems to be healthy
@Backstage wrote:"I don't want let this community to trouble again"
When did you do it before ? Since you are new around here was it under another profile ? Just curios,
THANK YOU
@malanp wrote:
LSE
yesterday and today market is down, and you start appearing here, with your usual preaching 'I told you before' and i told you before'
does that not confirm what I said??
@smallville wrote:LSE,
I think what malanp says has some validity.. We also noticed that ur pivot point system works only for down market..
What they ask is, why u cannot appear in a green market and do the pivoting?
Imo, there's no point in doing pivot analysis when there's no bottom that u can even predict with Pivots, can you??. At least with Fibonacci retracements, we predict the 68.2% support is the bottom. If market doesn't stop there then we're helpless... Then we'll have to find all the previous supp. levels to find the bottom.. Useless I'd say at this point..
So we're watching the 5990 - 6000 for bottom support. If no good news coming in our ways, it can be 5500 even.
Then why dont u do some analysis and tell us where it can head if falls to 6000?
@LSE wrote:@LSE wrote:Pivot Point analyze
ASI Index values as of [16-05-2013]
open - 6225.23
High - 6295.48
Low - 6225.23
Close - 6287.00
R4 6,479.99
R3 6,409.74
----------------------------->> At the end of the day 6400.76
R2 6,339.49 --->> Key Point 2
R1 6,313.24 --->> Key Point 1
PP 6,269.24
S1 6,242.99
S2 6,198.99
S3 6,128.74
S4 6,058.49
Conclusion :
My concern is on R1 & R2. Now It's very clear & confirmed this up trend movement. Tomorrow it'll pass 6300 very easily & continue this up trend further till it meet the next resistance levels at R1 & R2. If ASI get enough support to break those two levels then, the ASI will meet the next resistance level R3 at 6,409.74
Note:
Tomorrow will be a big green day...![]()
![]()
![]()
Thank You.
Summary
As we expected ASI touched it's highest and at the last minute it's again drag in to the 6400.76 level.
What will happen on Monday...?
coming soon...
Have a nice week end...!!!
Thank You.
@Teller wrote:LSE has some sense.he is correct. If we post some thing special like 'Market up tomorrow " , we will be treated as kings here.isn't LSE?
@Redbulls wrote:@Teller,
If your reasoning regarding down turn are logical then there won't be a big issue, but unfortunately most of our forum members like bull trend blindly.
@LSE wrote:
smallville,
No I've done this for uptrend days also.
I think you also missed few points. It's better to read it again from the beginning.
This is only a one example.
smallville this is for your consideration. [/b][/color]
Thank You.
@smallville wrote:@LSE wrote:
smallville,
No I've done this for uptrend days also.
I think you also missed few points. It's better to read it again from the beginning.
This is only a one example.
smallville this is for your consideration. [/b][/color]
Thank You.
OK.. Then u'd have done some up trend analysis..
But the biggest question I have in mind is; Can even predict with Pivots the BOTTOM, can you??As I said, [at least with Fibonacci retracements, we predict the 68.2% support is the bottom. If market doesn't stop there then we're helpless... Then we'll have to find all the previous supp. levels to find the bottom.. Useless I'd say at this point..
So we're watching the 5990 - 6000 for bottom support. If no good news coming in our ways, it can be 5500 even.]
So can u do some analysis and tell us where it can head, possible bottom in my case, since it has fallen to 5995 now..
We cannot forget the JKH factor.. If u take today also it contributed 20 points. Me thinking if JKH falls more, to say 200 level, its 5800-5900. But I never had a time to draw a line for ASI as I didnt get the data in Amibroker..
@LSE wrote:
smallville,
I've done the calculation for the Level 5.
http://forum.srilankaequity.com/t29145p25-topic#175379
Thank You.
@LSE wrote:
Conclusion
1. According to the above calculation my concern is on 6049.87 - 5904.78 range
2. 5904.78 will be the end point of this scenario. If it's break this scenario will be INVALID
** If you are not agree with it please ignore.
@smallville wrote:
From the low of 4725, there have been 3 correction up to now. The third is still active.
Also see, the volume bar (light blue) when it topped at 6500.. Its only 36+ mil.
However, every ASI correction has followed a little bit similar pattern.
The first one was between 50-61.8% Fibonacci retracement.
The second one was a little above 50% Fibonacci retracement from the previous correction.
And now the third one is stil between 50-61.8% Fibonacci retracement from previous correction.
So if we're lucky, this has to stop by 5970.
Unlucky? 5818..
I dont wanna talk below 5818 levels.. But it looks like this...
Extremely unlucky??? 5625 is 100% correction..
Seeing bear? some relief at 5309.
Extreme bear? I'd say 5000-4800.
@LSE wrote:
Caution
smallville can you imagine what it'll going to happen if it's violate the key support levels...![]()
![]()
I think the answer is already with you. So, that will be the next scenario as soon as when the current one is INVALID
![]()
Thank You.
When I was scrutinizing the old topic of this forum, accidentally came across this topic.@Redbulls wrote:Seems to be sometime back a member who started to post some datas and banned by moderators is back on another ID? (May be working in a broker hut?)
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