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| Discuss Can any one tell me what's going in the market ??? at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Friends, Whats happening in the market ? Our post sayes some wolfe or somwhat ... |
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#1
20th April 2007, 10:56 AM
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Can any one tell me what's going in the market ???
Dear Friends,
Whats happening in the market ? Our post sayes some wolfe or somwhat wave funda , I belive you guys as i think you are more experienced. See today market opening in gap. Its really confusing. Mind and heart is not matching with synchrosinity. I think I need to start learning basics practical fundamentals. Help Help Help 
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#2
20th April 2007, 02:18 PM
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Re: Can any one tell me what's going in the market ???
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A simple explanation without getting into semantics. There is no need to learn the wolfe or elliott or any other bullshit wave if you plan to be a trader and I am not saying that out of ignorance either.Been there done that, can conclude that its all total bullshit.Seriously Rgds
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#5
20th April 2007, 04:06 PM
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Re: Can any one tell me what's going in the market ???
And it was a breakout from the high of the range on the 3rd attempt.
The first attempt to the base of the LH consolidation on relatively low volumes (after the high vol gap down) was a shorting opportunity. The second attempt to the top of the range (after a high vol WRB pushing past the top of the gap) resulted in a low vol approx 1/3 rd pull back (& a nice C&H pattern on the RH). The 3rd attempt resulted in a breaking and close above this range on relatively healthy volumes. Although this is a NF chart i guess it augurs well for the cash mkts too in the coming week. Also good tidings in lower timeframe charts tend to creep over to higher timeframes (& vice versa). Thanks CV for the chart. Regards, Kalyan.
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#6
20th April 2007, 04:10 PM
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Re: Can any one tell me what's going in the market ???
hi creditviolet,
can u give me your view on market for Monday?
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#7
20th April 2007, 06:07 PM
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Re: Can any one tell me what's going in the market ???
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#8
20th April 2007, 07:18 PM
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Re: Can any one tell me what's going in the market ???
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#9
20th April 2007, 07:22 PM
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Re: Can any one tell me what's going in the market ???
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Nice Analysis. Just one comment, geometric patterns like C&H on intraday chart have a high failure rate so I would rather view price as the pressure of OrderFlow push and pull rather than bar patterns i.e more volume view than price view. Rgds
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#10
20th April 2007, 07:24 PM
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Re: Can any one tell me what's going in the market ???
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