Pick Bottoms , Blow Tops

Ajax · #21 2nd April 2008, 09:33 PM

Quote:

Originally Posted by darsh_goswami

Dear Ajax,..

Sorry if i hurt u ,.. didnt mean to critisize u ,.. just was hoping a better n clear view from ur side.
Next , the other chart of nifty ,.. yeah i can clearly see a wolf there. In earlier chart also u found it wolf , i didnt ,.. so may be my mistake in eye balling.

And @ robin ....
I know ,.. who introduced wolf to this forum... Thats why its always better to ask an expert directly.

Ajax ,.. again sorry for my words ,..
Regards,..
Darsh

Dear Darsh

Never did I feel hurt. Infact criticism is welcome..
It only help us get better.

Our methods sometimes work, sometimes dont...
Today I detected bullish Wolf in 3min NF , took position
but got stopped out, though with small loss only..

Regards

Ajax

Bitz · #22 11th April 2008, 12:51 AM

Hi,
Wat is the difference between Rising/Falling Wedge and Bearish/Bullish Wolf?

tia
Bitz

PS : New to TA so any stupid qstn is purely an attempt to learn

qa_y2k · #23 11th April 2008, 12:58 AM

you can find answers 2 ur queries @ stockcharts . com
cheers

Quote:

Originally Posted by Bitz

Hi,
Wat is the difference between Rising/Falling Wedge and Bearish/Bullish Wolf?

tia
Bitz

PS : New to TA so any stupid qstn is purely an attempt to learn

Bitz · #24 12th April 2008, 02:28 AM

Dear Ajax,
Does the pattern qualify for a bullish wolfe?

Also, I m still not clear abt diff betwn a wolfe and wedge can u plz help me with that?

Respect,
Bitz

karthikmarar · #25 12th April 2008, 03:19 AM

Bitz

Infy has been moving in a downward channel for quite some time as your chart shows.

Wolfe waves and wedge are different patterns. For more information on wolfe waves check the following link.

http://www.wolfewave.com/an_illustra..._the_rules.htm

regards

Ajax · #26 12th April 2008, 08:23 AM

Quote:

Originally Posted by Bitz

Dear Ajax,
Does the pattern qualify for a bullish wolfe?

Also, I m still not clear abt diff betwn a wolfe and wedge can u plz help me with that?

Respect,
Bitz

Karthik has pointed out the difference & has directed to appropriate site..

Wolf waves r a matter of dis-equilibrium between demand & supply and
form a result.. With movement of price to EPA mismatch is set right.
Not to be confused with elliot waves, wedges etc.

More can be found on wedges @ www

Regards

Ajax

Ajax · #27 12th April 2008, 08:29 AM

Quote:

Originally Posted by Ajax

Karthik has pointed out the difference & has directed to appropriate site..

Wolf waves r a matter of dis-equilibrium between demand & supply and
form a result.. With movement of price to EPA mismatch is set right.
Not to be confused with elliot waves, wedges etc.

More can be found on wedges @ www

Regards

Ajax

No wolfe on infy

Bitz · #28 12th April 2008, 11:43 AM

Thankyou Karthik, Ajax for the explanation..ur inputs are of immense importance..
I Will read abt waves and wedges more from sites given..
Hope to learn to identify patterns soon

Respect,
Bitz.

darsh_goswami · #29 12th April 2008, 05:49 PM

Dear Ajax ,..

when we are discussing pick bottoms and blow tops ... some other methods are also should be considered.

Dont mind ,.. its just a knowledge sharing game ..

hereby posting chart of Siemens ,.. most probably forming AB=CD pattern on the charts.

As much as i can see Volumes are not supportive so, There are lot of chances for Wrong Pattern Identification but I hope u will throw some light over it and will correct me if i m wrong.

chart attached ,.. comments welcome ...

Regards,..
Darsh

uasish · #30 12th April 2008, 06:15 PM

Siemens EoD the ;with SL= 597.00 ;is a Buy as per the set up.