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| Discuss Pattern recognition ? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; ... |
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#242
22nd November 2008, 09:57 PM
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Re: Pattern recognition ?
Hi !
This black range breakout i mentioned somewhere in nifty futures thread has been played now. this green action should definitely pull the nasdeq up at atleast 1800. A gap is also standing unfilled at 1950-1900. lets watch..  
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| The Following User Says Thank You to the tape For This Useful Post: | ||
Czar (22nd November 2008) | ||
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#243
23rd November 2008, 12:21 AM
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Re: Pattern recognition ?
so in short you both are suggesting contradictory position
 Tape : I agree as I see Dow making a similar move.... & here's your earlier post & I am your witness Spot on dude...Quote:
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| The Following User Says Thank You to Czar For This Useful Post: | ||
the tape (23rd November 2008) | ||
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#244
23rd November 2008, 01:25 AM
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Re: Pattern recognition ?
Aren't these 2 looking familiar ? so should we expect the same to happen in the 2nd ?
   
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| The Following User Says Thank You to Czar For This Useful Post: | ||
alex_laxya (23rd November 2008) | ||
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#245
23rd November 2008, 02:37 AM
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Re: Pattern recognition ?
hi tape
on 7 nov post post no 236 pls explane what u see in icici chart ' last 3 days bar formation ' ? with relcap chart i c engulf formation which indicate its fall by 180-190 poimts .. which it did
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#246
23rd November 2008, 10:34 AM
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Re: Pattern recognition ?
Quote:
see in this nasdaq chart i have posted now (zoomed), notice the sizes of average bars (white)(trend bars) and notice the size of the yellow bullish candle. Most importantly notice the sizes of following candles...... the yellow candle is succesfully planted. also notice the formations in red. the size of that bullish engulfing over bears suggests reversal and also see the following candles. If u look at the nifty chart then. most of the candles sizes are same because i believe that nifty on daily basis has no movement of it at all. its like a derivative of nasdaq and asian markets on EOD.( a lot of ppl will argue on that) For catching nifty, i think we shd atleast look at weekly or above. And pls also give a second look at dj's 1 month chart. exactly the same as nasdaq. specially all those major formations. And yes i think nifty shd follow the daily trend of nasdaq. 
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| The Following 2 Users Say Thank You to the tape For This Useful Post: | ||
alex_laxya (23rd November 2008), Czar (23rd November 2008) | ||
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#248
23rd November 2008, 12:30 PM
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Re: Pattern recognition ?
Quote:
Thanks again for the explanation, appreciate the time... Just posted Dow monthly on NF II thread, FYI: http://www.traderji.com/derivatives/...tml#post254409
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| The Following 2 Users Say Thank You to Czar For This Useful Post: | ||
praveen taneja (23rd November 2008), the tape (23rd November 2008) | ||
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#249
24th November 2008, 06:44 PM
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Re: Pattern recognition ?
dear czar,
can u please take a look at this chart...since the volumes right before the formation of the left shoulder is high can we consider it as valid...  thanks 
Last edited by learn2trade08; 24th November 2008 at 07:07 PM.
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| The Following User Says Thank You to learn2trade08 For This Useful Post: | ||
Czar (24th November 2008) | ||
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#250
24th November 2008, 10:49 PM
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Re: Pattern recognition ?
succesfull Bear plantation !
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| The Following User Says Thank You to the tape For This Useful Post: | ||
Czar (24th November 2008) | ||
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