Teach A Man To Fish And.........

rajaram.dilipkumar · #**1181** 9th February 2008, 11:58 PM

i got a complete view of the global markets in 15 min else i would have wasted days..... saint thanks a ton .I have taken a print of all the charts and this belongs to my TA book shelf .
asish,
special thanks to you for directing me here .....

citrus · #**1182** 10th February 2008, 06:31 PM

Respected Saint,
I am very new to trading, though I have been investor from last 10 years. Now I would like to know from your wast experience the following few questions:
1. How many stocks should I regularly mointor as a EOD trader?
2. Should I base my trading decisions on stocks short listed by computer in exploration, or should I visually scan all the charts before taking decision.
With Regards.
Citrus

Saint · #**1183** 13th February 2008, 01:52 AM

Quote:

Originally Posted by anoopkumar

Dear Saint,

A very warm hello to you. Due to some new assignment, I had no time to go through this thread last 1 month almost. Today, I have been reading it from where I had left it last. It gives such a happiness to read your long , clear and flowing posts. Your words are really time tested word of wisdom.

No amount of words can express the selfless manner in which you are guiding and educating us.
My heartful and warm regards to you and best wishes to ur family too.

-Anoop Kumar

Thank you for your warm remarks,Anoop.

Saint

Saint · #**1184** 13th February 2008, 01:53 AM

Quote:

Originally Posted by ramuktar

what a nice thread i have never a come across such a detailed info. thank you very much saintji.

Most welcome,Ramuktar

Saint

Saint · #**1185** 13th February 2008, 01:54 AM

Quote:

Originally Posted by rangarajan

So, Saint, what is yr recomm for investors,whether to remain intact till Pivot high is formed & pivot low is taken out?The problem is that by the time both the above are confirmed,there would be a lot of erosion of money.Is there any other better strategy?

Ouch...short question,long answer....shall explain with charts tomorrow.

Saint

Saint · #**1186** 13th February 2008, 01:55 AM

Quote:

Originally Posted by djsinha

Thanks saint for those wonderful examples. Was eagerly waiting for these types of examples. Always adds to understanding of fundamentals.
Carry on with the gr8 work.
Cheers
djsinha

Most welcome,DJ....

Saint

trader31339 · #**1187** 13th February 2008, 10:27 AM

Dear Saint ,
Re:Nifty spoton 01/11/2008.
The trend on weekly charts was UP, when the week ended on 01/11/2008. The weekly ascending trend line was also intact as on 01/11/2008. So, the signal was to go long on pullback on daily charts. There was pullback on daily charts, and longs were also triggered by 01/14-01/15. However, instead of NS moving up it tanked down.
1)Please let me know did you people got exit long/ go short signal by 01/11/2008?
2)Did I made any mistake in my study/ analysis , please let me know?

Date format mm/dd/yyyy
01/11 means 1st Jan, 2008

Saint · #**1188** 13th February 2008, 01:24 PM

Quote:

Originally Posted by marcus

Saint good analysis but can you analyze the nifty on weekly charts instead of monthly? If we look at monthly chart although it is very clear by the time we get confirmation of an intermediate bear market the nifty would have already lost a lot of ground.

Hi Marcus,

We are very much in an intermediate downtrend,as is evident on one look at the weekly charts.A bear market or bull is as per the primary trends,so far we are still in a Bull market with an intermed downtrend in progress.

There are some who play the primary trends,they pile on in 2003,and if we get a bear crack in 2008,they are out.........mistakenly referred to as investors,but they are very much traders,they are not looking to buy and hold,and average downwards,etc.

Yep,when they really get a crack and they exit,it would not be at the top......but that's the name of the game.Don't forget,they would have got in when SENSEX was at 3758!

So,as of today :Short term Downtrend
Intermediate Downtrend
Primary Uptrend
Secular Uptrend

For those of us who would like to play the weekly charts,the intermediate uptrend ended with the charts cracking 18930,crack of that and we are out of the markets,or we are short the markets.

So,all kinds of time frames,all kinds of strategies.........but perspective is important.So far,the Bull market is on.........And India is strong because unlike the others,it's a Bull market in a Secular Bull.A day will come,when India gets into a Bear Mkt within a Secular Bull,but that day is not yet upon us.Whether this top would end up as THE top,only time will tell.

More later!!

Saint

Saint · #**1189** 13th February 2008, 01:27 PM

Quote:

Originally Posted by gaurav108

hi All,

Here is the zip having the consolidate for all the greats words tought by this thread to us....

http://**********.com/files/90417080/Saint.zip

- Gaurav

Thanx Gaurav..

Saint

Saint · #**1190** 13th February 2008, 02:57 PM

Quote:

Originally Posted by trader31339

Dear Saint ,
Re:Nifty spoton 01/11/2008.
The trend on weekly charts was UP, when the week ended on 01/11/2008. The weekly ascending trend line was also intact as on 01/11/2008. So, the signal was to go long on pullback on daily charts. There was pullback on daily charts, and longs were also triggered by 01/14-01/15. However, instead of NS moving up it tanked down.
1)Please let me know did you people got exit long/ go short signal by 01/11/2008?
2)Did I made any mistake in my study/ analysis , please let me know?

Date format mm/dd/yyyy
01/11 means 1st Jan, 2008

Nothing wrong Trader,......the curse of every trend is the last bend.

That rising wedge was our hint that a fall is imminent,that it was clearly evident on the weekly charts is more worrying,that week that ended on 11th ended as a doji,at the upper resistance line and to compound matters was the third touch of the resistance line.That was your cue.....to get out.......breaking 6113,you are out.If not then,at least 5950-ish,the point where the rising wedge cracked.

So,exit long should have been the 2 areas mentioned above.Shorting below 5950.........

As said,even if you went long above 6223,your stop should have been 6113...after which you are out.

Do get back to me with doubts if not clear......

Take care,and all the best!
Saint