Today's fall -could have been foreseen?

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  #1  
Old 7th April 2006, 11:41 PM
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tanewbie is on a distinguished road
Default Today's fall -could have been foreseen?



Todays' fall came when least expected. The climax was infy bonus meet announcement. That triggered a false sense of bullishness.
The fact ws Nifty and Sensex had run up too much .
In the midst of this sudden bulishness I lost sight of the hourly charts.
The daily charts wil be late by one day in correction buy hourly charts will give a good clue onthe state of the market.
Even a simple macd on hourly charts wud have warned of a good fall. Of course it wont tell when it will happen but......


i am attaching charts of NIFTY, cnxit and Bank nifty. Except Bank nifty which gave macd sell on 7/4 all the remaining indices gave sell well in advance.
In nifty there was -ve divergence too.

So next time donot forget to see hourly charts. I wont at least.

cheers

Attached Images
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File Type: png nifty.PNG (18.7 KB, 80 views)
File Type: png cnxit.PNG (19.7 KB, 31 views)
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  #2  
Old 8th April 2006, 06:53 AM
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joy_verma is on a distinguished road
Default Re: Today's fall -could have been foreseen?

Hi,
Nice explaination Tanewbie. Agree with you in all respects though it
was not least expected . In my last post I had mentioned the possibility
of a fall towards 11000 once the target of 11620 was achieved. This
target was not only hit but overshot making the picture overextended.
Agree with you hourly charts are much more sensitive.
Regards,
vinay

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  #3  
Old 8th April 2006, 09:40 AM
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Agilent is on a distinguished road
Default Re: Today's fall -could have been foreseen?

Tanewbie..

Not sure if hourly charts wd have helped .... think abt it and u will get it

Look at this link for real time (minute by minute) charts instead ...
http://finance.**********/q/bc?s=%5EB...=on&z=l&q=l&c=

AGILENT

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  #4  
Old 8th April 2006, 07:33 PM
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AJAY is on a distinguished road
Default Re: Today's fall -could have been foreseen?

Hi Agilent,
Can you please be a little bit elaborative. Not able to get what you are trying to hint.
Thanks
AJAY

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  #5  
Old 8th April 2006, 07:44 PM
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Agilent is on a distinguished road
Default Re: Today's fall -could have been foreseen?

Quote:
Originally Posted by AJAY
Hi Agilent,
Can you please be a little bit elaborative. Not able to get what you are trying to hint.
Thanks
AJAY

Its elementary I thought, Ajay,

For day traders, won't a 'real-time' chart be better than an hourly one ..?

The link I gave gives real time charts ... though not MACD ... and may have been better than an hrly chart in giving early signals

Hope its clear

AGILENT

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  #6  
Old 13th April 2006, 05:10 AM
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bharatk8 is on a distinguished road
Default Re: Today's fall -could have been foreseen?

Quote:
Originally Posted by tanewbie
Todays' fall came when least expected. The climax was infy bonus meet announcement. That triggered a false sense of bullishness.
The fact ws Nifty and Sensex had run up too much .
In the midst of this sudden bulishness I lost sight of the hourly charts.
The daily charts wil be late by one day in correction buy hourly charts will give a good clue onthe state of the market.
Even a simple macd on hourly charts wud have warned of a good fall. Of course it wont tell when it will happen but......


i am attaching charts of NIFTY, cnxit and Bank nifty. Except Bank nifty which gave macd sell on 7/4 all the remaining indices gave sell well in advance.
In nifty there was -ve divergence too.

So next time donot forget to see hourly charts. I wont at least.

cheers
hi....good job... liked it....looking forward more contributions from u....all the best

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  #7  
Old 16th April 2008, 11:44 AM
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Join Date: Apr 2008
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vimalmehta is on a distinguished road
Default Re: Today's fall -could have been foreseen?

hey joy...i'm vimal and an avid reader of your analysis...do you know a good web site which gives regular hourly charts for at least a 3 month period...whats up...you haven't been posting anything on elliot wave recently?

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