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FINANCIAL CHRONICLE™ » CHRONICLE™ ANALYTICS » A live example of market stages using VONE

A live example of market stages using VONE

+2
Rajaraam
gann
6 posters

Go down  Message [Page 1 of 1]

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

VONE 60 minute chart
[You must be registered and logged in to see this image.]

Before you enter a trade you need to know which stage the stock is. You should look to buy only at the end of an accumulation phase. the lower limit will be tested couple of times with higher lows if the stock is ready to break out.

In the distribution phase the high is tested couple of times. if it makes lower highs you can bet your pants, the stock is ready for run down phase. Smile



Last edited by gann on Thu Jul 21, 2011 9:35 pm; edited 3 times in total

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

Could you please deliberate further for us to understand clearly.

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vone may go down and enter a re accumulation phase
or
run up after the present accumulation phase.

we need to observe if it breaks out or breaks down.

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rajaraam wrote:Could you please deliberate further for us to understand clearly.

All speculative markets have the following basic movements:
1. Accumulation (congestion) – the bottom of the market
2. Run up
3. Distribution (congestion)
4. Run down

Before you enter a trade you need to know which stage the stock is. You should look to buy only at the end of an accumulation phase. the lower limit will be tested couple of times with higher lows if the stock is ready to break out.



Last edited by gann on Thu Jul 21, 2011 9:30 pm; edited 3 times in total

mark

mark
Expert
Expert

excellent example guru Very Happy
3 reps from me Very Happy ,its hard to find such a good clear examples for us,only experts can figure it out,thank very much Very Happy

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@mark,
I am no guru.

can you spot the three tops in the distribution phase with the 3rd one being lower. clearly shows the stock is being tested for highs. failing in the 3rd attempt bulls give up.



Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

gann wrote:
Rajaraam wrote:Could you please deliberate further for us to understand clearly.

All speculative markets have the following basic movements:
1. Accumulation (congestion) – the bottom of the market
2. Run up
3. Distribution (congestion)
4. Run down

Before you enter a trade you need to know which stage the stock is. You should look to buy only at the end of an accumulation phase. the lower limit will be tested couple of times with higher lows if the stock is ready to break out.


Thank u gann. But only problem is how do you know the end of the accumulation phase.

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rajaraam wrote:
gann wrote:
Rajaraam wrote:Could you please deliberate further for us to understand clearly.

All speculative markets have the following basic movements:
1. Accumulation (congestion) – the bottom of the market
2. Run up
3. Distribution (congestion)
4. Run down

Before you enter a trade you need to know which stage the stock is. You should look to buy only at the end of an accumulation phase. the lower limit will be tested couple of times with higher lows if the stock is ready to break out.


Thank u gann. But only problem is how do you know the end of the accumulation phase.

As I stated in http://forum.srilankaequity.com/t7043-sales-by-nimal-perera .

NP has sold 204000 of his original stake bought at 25. May be he knows at which stage VONE is.
lol!

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rajaraam wrote:
Thank u gann. But only problem is how do you know the end of the accumulation phase.

i will cover that part in a later post. I encourage you to study past charts of liquid stocks. I hope you will be able to share some of your findings here.


gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@Academic
what Nimal or bimal does is their business. We have to use our knowledge and tools to read the supply and demand, keeping in mind the fundamental value of the stock.

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

gann wrote:@Academic
what Nimal or bimal does is their business. We have to use our knowledge and tools to read the supply and demand, keeping in mind the fundamental value of the stock.

+ Rep brother!

Keep up the good work!
U told about UBC, I suggest you to have a look at EXPO too!

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

stumpy wrote:
U told about UBC, I suggest you to have a look at EXPO too!

Expo is another good example to study what i have covered here. use the 60 min chart. so wait for transition from run down to accumulation.

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I'm watching OGL these days!

Nice trendline in the daily chart. I feel it just formed a double top which you may see in 60 min chart!
If not it can be an another attempt to break 35.8 barrier.
This can be the distribution stage Wink

It'll be good after closing at or above 36/=.

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@ Gann great info..this was actual first explained by Dow Jones it is know as Dow Theory..i am sure you already know that..this is for the other readers..

Lets hope for a green day today.
Happy Trading

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