At the cusp of the 200 day MA

DUWI · 1 At the cusp of the 200 day MA Wed Oct 09, 2013 12:45 pm

DUWI

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The market is interestingly poised just below the 200 day moving average of 5920 on the All Share Price Index. Another key resistance level is at 5930. If the ASPI gets above these levels in the next few days and hold on to its gains, a concerted run can be expected, hopefully augmented by a cut in the policy interest rates by the Central Bank.

Lets hope for the best.

Stocks to watch are DIAL, DIST, HHL, all with good underlying fundamentals.

Rapaport · 2 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 5:58 pm

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Sitting on the wall!

http://finance.yahoo.com/q/ta?s=^CSE&t=2y&l=off&z=l&q=l&p=m50%2Cm100%2Cm200&a=r14%2Cm26-12-9&c=

Cheers!

dhanurrox · 3 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 7:52 pm

dhanurrox

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@Rapaport wrote:Sitting on the wall!

http://finance.yahoo.com/q/ta?s=^CSE&t=2y&l=off&z=l&q=l&p=m50%2Cm100%2Cm200&a=r14%2Cm26-12-9&c=

Cheers!

Hope your sideline approach is over now. Razz

http://forum.srilankaequity.com/t30649-reasons-for-my-sideline-approach

BTW what happened to your reasons.?

Rapaport · 4 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 8:06 pm

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Not yet over
Has to cross with significant volume.
Still sideline!

And i dont understand why you think my reasons will hold for months/years
It was based on circumstances at that time.

Cheers!

Antonym · 5 Re: At the cusp of the 200 day MA Fri Oct 11, 2013 11:28 am

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@DUWI wrote:The market is interestingly poised just below the 200 day moving average of 5920 on the All Share Price Index. Another key resistance level is at 5930. If the ASPI gets above these levels in the next few days and hold on to its gains, a concerted run can be expected, hopefully augmented by a cut in the policy interest rates by the Central Bank.

Lets hope for the best.

The ASPI has crossed the 200 day moving average at 5950.

Often, if an index breaks through the 200-day moving average in an upward direction, it is a signal that the downtrend is reversing. Besides, the 200-DMA also acts as a support.

However, trade with caution because the 50-day moving average has crossed below the 200-day moving average, which is considered a bearish crossover. Technical analysis sometimes gives conflicting signals, and you need to use your judgement.

Last edited by Antonym on Fri Oct 11, 2013 7:49 pm; edited 1 time in total (Reason for editing : Added: 50-DMA has crossed below the 200-DMA)

Antonym · 6 Re: At the cusp of the 200 day MA Fri Oct 18, 2013 1:17 am

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@Rapaport wrote:Not yet over
Has to cross with significant volume.
Still sideline!

And i dont understand why you think my reasons will hold for months/years
It was based on circumstances at that time.

Cheers!

DUWI and Rapaport:
After you drew attention to this chart, two bullish events have occurred:
1. The index has crossed above the 200-day MA.
2. The 5-day MA has crossed above the 200-day MA.
This means that momentum is shifting upwards and a strong move is likely.

For confirmation of this trend, I would like to see the 10-day, 20-day and 50-day Moving Averages also crossing above the 200-day MA, which would generate a strong Buy signal. Watch this space...

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=off&z=l&q=l&p=m10%2Cm50%2Cm5%2Cm20%2Cm200&a=r14%2Cm26-12-9&c=

Antonym · 7 Re: At the cusp of the 200 day MA Fri Jan 10, 2014 7:25 pm

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We are back at the situation that prevailed on Oct 17, 2013:
1. After dipping below it, the index has again crossed above the 200-day MA, which is at 5970.
2. The 5-day MA has also crossed above the 200-day MA.

http://finance.yahoo.com/q/ta?s=^CSE&t=1m&l=off&z=l&q=l&p=%2Cm5%2Cm50%2Cm200&a=r14%2Cm26-12-9&c=

K.Haputantri · 8 Re: At the cusp of the 200 day MA Sat Jan 11, 2014 11:34 am

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Thanks guys for updates.

Antonym · 9 Re: At the cusp of the 200 day MA Wed Jan 22, 2014 11:38 pm

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@Antonym wrote:
For confirmation of this trend, I would like to see the 10-day, 20-day and 50-day Moving Averages also crossing above the 200-day MA, which would generate a strong Buy signal. Watch this space...

I wonder whether any other users are tracking progress of the moving averages: The 20-day MA has now crossed above the 200-day MA (at 5980), which means that the bulls have the upper hand, and the market's upward momentum is likely to continue.

For confirmation of this trend, I am waiting to see the 50-day Moving Average also crossing above the 200-day MA, which would establish the Buy signal for institutional traders. (When the 50-day MA crosses above the 200-day MA, it is called "the golden cross" in technical analysis.)

http://finance.yahoo.com/q/ta?s=^CSE&t=1m&l=off&z=l&q=l&p=m5%2Cm50%2Cm200%2Cm20%2Cm10&a=r14%2Cm26-12-9&c=

Rapaport · 10 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 4:50 am

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Antonym i usually follow 50, 100 and 200 day moving avgs. 50 day MA crossing 200 will indeed be a good sign.

The 10 and 20 day MA can be a bit too volatile at times...

I was collecting from beginning December and bullish from end December. There is a 'W' pattern formed over 6 months which is also bullish

http://finance.yahoo.com/q/ta?s=^CSE&t=1y&l=off&z=l&q=l&p=m50%2Cm200%2Cm100&a=r14%2Cm26-12-9&c=

Cheers!

Slstock · 11 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 5:06 am

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Rapa, Antonym

yes generally 50 crossing 200 is good sign in bull. But did you notice what happened in Oct 2012 when 50 crossed 200.
Also when the opposite happened in 2013 it didn't make a big crash.

I guess the summary is these Techs needs to be used with other market factors. Right now as you say , since market sentiment is positive with hope , 50 crossing the 200 will be good sign. But will need more uptrend for that to happen.

Did you notice 20 has crossed 200 right now.

@Rapaport wrote:Antonym i usually follow 50, 100 and 200 day moving avgs. 50 day MA crossing 200 will indeed be a good sign.

The 10 and 20 day MA can be a bit too volatile at times...

I was collecting from beginning December and bullish from end December. There is a 'W' pattern formed over 6 months which is also bullish

http://finance.yahoo.com/q/ta?s=^CSE&t=1y&l=off&z=l&q=l&p=m50%2Cm200%2Cm100&a=r14%2Cm26-12-9&c=

Cheers!

Rapaport · 12 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 5:22 am

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SLstock

I agree with u 100%

There are many other factors which need to be looked into including the state of the economy, reduced interest rates, retailer interest and speculation, increased volume traded, continuous interest at the market by all participants, interest in value shares and their price appreciation, etc

When you combine with positive technicals, gives us hope..

Luckily we are seeing most of these factors today and hopes are high!

Cheers

econ · 13 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 7:22 am

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@Rapaport wrote:SLstock

I agree with u 100%

There are many other factors which need to be looked into including the state of the economy, reduced interest rates, retailer interest and speculation, increased volume traded, continuous interest at the market by all participants, interest in value shares and their price appreciation, etc

When you combine with positive technicals, gives us hope..

Luckily we are seeing most of these factors today and hopes are high!

Cheers

yes agreed.. unlike 2012 october run this time conditions (mainly interest rates, retailer participation driven by mainly interest rates) are favorable. so this bull may be better than last bull we saw in 2012. However, i think we need to have good exit strategy as well because BULL run in CSE is too fast.

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At the cusp of the 200 day MA

1 At the cusp of the 200 day MA Wed Oct 09, 2013 12:45 pm

DUWI

2 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 5:58 pm

Rapaport

3 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 7:52 pm

dhanurrox

4 Re: At the cusp of the 200 day MA Wed Oct 09, 2013 8:06 pm

Rapaport

5 Re: At the cusp of the 200 day MA Fri Oct 11, 2013 11:28 am

Antonym

6 Re: At the cusp of the 200 day MA Fri Oct 18, 2013 1:17 am

Antonym

7 Re: At the cusp of the 200 day MA Fri Jan 10, 2014 7:25 pm

Antonym

8 Re: At the cusp of the 200 day MA Sat Jan 11, 2014 11:34 am

K.Haputantri

9 Re: At the cusp of the 200 day MA Wed Jan 22, 2014 11:38 pm

Antonym

10 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 4:50 am

Rapaport

11 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 5:06 am

Slstock

12 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 5:22 am

Rapaport

13 Re: At the cusp of the 200 day MA Thu Jan 23, 2014 7:22 am

econ

14 Re: At the cusp of the 200 day MA

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