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#92
12th February 2008, 08:49 PM
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Re: Its a Bear Market and not correction
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#93
12th February 2008, 11:27 PM
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Re: Its a Bear Market and not correction
hi
members,, interesting just check....out nifty showing divergence since 21st jan till now ,,when changing the chart in line format....positive divergence with rsi.. kindly check....and comment....seniors i requset u pls highlight on this notification...!!! am i right / wrong renu
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#94
12th February 2008, 11:52 PM
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Re: Its a Bear Market and not correction
Quote:
Reason:divergence is generated when an oscilator moves in opposite direction of price trends.For now on no divergence in Nifty in any chart form.Only convergence is visible.
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#95
13th February 2008, 12:45 AM
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Re: Its a Bear Market and not correction
Quote:
, i hope things work my way
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#96
13th February 2008, 09:11 AM
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Re: Its a Bear Market and not correction
I can only see that +ve divergence which was never ignored in hourly charts has been ignored since last few days... similar thing was happening when dow was falling last month, I guess many rules will change when we change from bull to bear.. people say, why this is not working / why that indicator is now failing, what my humble opinion is for uptrend / sideways & downtrend (bear) different set of rules & indicators apply so your bull indicators will not give correct indications in a bear market.
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#97
13th February 2008, 09:16 AM
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Re: Its a Bear Market and not correction
Czar,
This fact will only emerge after loosing some money,my experience (in loss) just can work as a database to start with. Asish
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#98
13th February 2008, 09:17 AM
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Re: Its a Bear Market and not correction
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Where does the market heading today? + or - Thanks.
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#99
13th February 2008, 09:38 AM
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Re: Its a Bear Market and not correction
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#100
13th February 2008, 10:33 AM
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Re: Its a Bear Market and not correction
Quote:
i gave second thought to ur reading,,,rgt i ma wrong!!! just chcek teh chrt attached.. nifty for short term in buy above 4940in close renu Last edited by renu daga; 1st September 2008 at 02:48 PM.
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