Technical Indicators Do they Assist ?

We all know that this project is to find an appropiate price clone,noiseless,non lagging & smooth,so that it can be used instead of Close ,to find out whether it actually improves future projecting probability.
But coming back to sq 1 ,TA or Satistics or anything like a coin toss or lunar cycle's fixed interval ,does it help ?

The Main Function Of T.a.is To Show The Demand And Supply Positionof A Market Or A Particular Stock. And Helps In Finding The Trend Of The Market.
But The Ultimate Goal Is The Profitable Trade. T.a. Helps In Obtaining That Goal By Giving The Required Direction./signal
One Of My Friend Does Not Know The Abc Of T.a. ,but Earn Much More Than Another Friend Knowing Tech Analysys
That Doesnot Mean Tech Analysis Is Not Useful,it Is Certainly Useful In Finding The Way In The Jungle
But More And More We Know We Are More Cautious.and To Certain Extent We Became Dependable.
My Friend Mentioned Above Only See The Volume And Price Movement,and That Is Enough For Him To Get The Decision On Profitable Trades

Dear Uasish

Have a look at Nifty daily chart since Dec 2006 with moonwaves marked,
also called Delta Analysis.

Nifty topped out around full moon 5 times since Dec06 (red dotted verticals)
Nifty bottomed out twice around full moon (blue dotted vertical lines).

Something definitely happens to market people aorund full moon (?lunatic /
? crazy) and result is seen in charts.

I think one can buy Nifty call or put depending on market position around full
moon and profit from it.

I will further post Historical Nifty chart with moon waves marked.

Enjoy

Ajax

What Ajax has shown in the charts of NIFTY,is not a perfect top or bottom in each case,but it can be the right way to go forward to accept that nothing in this world of markets are random.If any doubt please refer to Larry's works and also suggest you to go forward with Larry William's another great idea of trading - 'TRADING DAY OF THE WEEK'.TDW is what can help in uplifting profit in noteworthy amount.

Dear Hari and all moon watchers

All I pointed was market action 'around' full moon day.
Below are more examples of Nifty action in May 2004, May 2006

We r talking of Nifty (comprises ~ 50 stocks) , not individual co

Enjoy

Can u plan any strategy for full moon market lunacy

Ajax

Isn't there some kind of a mythical connetion between the Wolf(e) & full-moon days?

Regards,
Kalyan.

Amusing.... The thread started with trashing Technical Analysis .... progressed to Moon Phase Analysis.... What next... Astrological Analysis ..
I was looking forward to some stuff on stastical analysis..

regards

Nice to see you.The thread was not for bashing TA ,rather a serious introspection do TA help ?
Ajax & others are wolfe pattern follower.

Hi Asish

I was expecting this thread to be quite interesting... But seems to lose track..

Maybe during the weekend I will post my take on TA.

warm regards

Karthik

Looking forward to a lively situation ,your contibution to this Forum are priceless.