It is about 7% growth is not it? Have you got starting and ending index (ASI) figures for 2009,2010,2011 and 2012 as well? If not do not worry.
Last edited by pushpakumara on Thu Jan 02, 2014 8:03 pm; edited 1 time in total
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Last edited by pushpakumara on Thu Jan 02, 2014 8:03 pm; edited 1 time in total
slstock wrote:Knock,
I think you are commenting on the overall CSE pictue of 2013 taking the start and the end into consideration. YEs it was not much of a trend except of over 4% gain in rupee terms ( $ is lesser)
But Nrod here has broken down the 2013 into several short term cycles which made up the over the final result.
nrod wrote:
Thanks for your thoughts. I shall be pleased to see your chart for the period from 1st Jan 2013 to 31 Dec 2013. Along with your view too. Thank you once again.
knockknobbler wrote:slstock wrote:Knock,
I think you are commenting on the overall CSE pictue of 2013 taking the start and the end into consideration. YEs it was not much of a trend except of over 4% gain in rupee terms ( $ is lesser)
But Nrod here has broken down the 2013 into several short term cycles which made up the over the final result.
Appreciate your comment, and the focus on end results.
However, my opinion is based on ASI behavior, in between.
The basic question here is,
can... the ASI behavior in several short term cycles lasting few days...be interpreted as TREND ?
pushpakumara wrote:Thanks a lot nrod. I was looking for this info. and you have hit right on the spot. Good work.
It is about 7% growth is not it? Have you got starting and ending index (ASI) figures for 2009,2010,2011 and 2012 as well? If not do not worry.
nrod wrote:pushpakumara wrote:Thanks a lot nrod. I was looking for this info. and you have hit right on the spot. Good work.
It is about 7% growth is not it? Have you got starting and ending index (ASI) figures for 2009,2010,2011 and 2012 as well? If not do not worry.
Thanks for your comments. You see these ups and downs can be interpreted in many ways. Yes if you add the ups and subtract the downs you may get 7%. But you can also go trend wise. Meaning if you have entered in to the present trend( trend opened on the 28th of Nov'13 ), meaning at any day within the trend, you must follow the trend,and react when the trend is reversing. Some say trend is your friend, it is true only if you are friends with the chart that shows you the direction of the trend. I can work out yester year figures, but I think that tracking the present trend is more useful. As I mentioned in the above reply, today is the 23rd day of the present trend, but if you take the opening of the ASI which is 5744.29 and today's close of 5968.04 in the present trend, that is an increase of 223.75 points or 3.9%, for that period of 23 days. But as you know many stocks have given returns greater than that during that period. So looking at the ASI is critical, but monitoring your watch list during that period is more important. Best regards.
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