MY CHARTS-My Technical Charts for TSet

amitt29 · #**321** 28th October 2007, 07:24 PM

A triangle is always 33333 structure,whilst if you see the sensex chart on weekly the move from june 2006 low looks more like a 5(till 14700)than a 3.

Burning a big hole in running triangle theory.

chintan786 · #**322** 28th October 2007, 08:04 PM

I think the time has cme to re-write these theories... Indian Economy is already re-writting its own history and so our stk markets....

Amitt... wait for some more time many things will get changed.....(don't know abt traderji)

chintan

amitt29 · #**323** 28th October 2007, 10:51 PM

I don't wait.

But an unseemingly incorrect analysis can throw ppl off guard.A running triangle for that long period from 2003 has such a bullish implication,that it will make last months rally look like a ranged market.And it also means that all the gains of past 3 years were infact a corrective rally(like harshad mehta and ketan parekh times)(which in effect is wrong because market has been making hh and hl).

Nifty can go ahead and hit upper circuit but that must not be attributed to the running triangle scenario.

I can produce original matter from Mr.Neely explaining the running triangle scenario.(Subject to no copyright violation)

amitt29 · #**324** 28th October 2007, 10:53 PM

Quote:

Originally Posted by chintan786

I think the time has cme to re-write these theories... Indian Economy is already re-writting its own history and so our stk markets....

Amitt... wait for some more time many things will get changed.....(don't know abt traderji)

chintan

Comparing Economy with stock markets is wrong idea.As anyone who is worth his salt knows that it is all crap being circulated in media and newspapers.

We still rely on WPI number rather than CPI(not communist party of India).

chintan786 · #**325** 28th October 2007, 11:14 PM

stk market is a mirror of Country's economy and to sme extent it's political "HEALTH".

and It is not an "IDEA".

It is pure "FACT".

i don't see anything wrong in it.

@ REGARDING CHANGE IN RUNNING TRIANLE THEORY... i had said this in lighter mood... tht things get change...otherwise, I had no intentions to tell u tht this is "WHAT RUNNING TRIANGLE THEORY IS ALL ABT"...

CHINTAN

chintan786 · #**326** 28th October 2007, 11:21 PM

as far as relying on WPI and CPI IS CONCERNED... everything, evryissue has it's own importance, it's own "WEIGHT".

yes we rely on WPI but then at same time when this mnth had strted ... evryone have 22 Oct day was well in mind.

if CPI can bring change in the "LEADERSHIP"..... then mkt will not take cues frm 26Oct inflation number.

remmerber 2 year's back when COALITION GOVT( CONGRESS - CPI ) CME INTO POWER mkt had tanked like anything....

u know all these " facts" it is just question of to whom u give more importance.....

chintan

amitt29 · #**327** 28th October 2007, 11:22 PM

Quote:

Originally Posted by chintan786

stk market is a mirror of Country's economy and to sme extent it's political "HEALTH".

and It is not an "IDEA".

It is pure "FACT".

i don't see anything wrong in it.

@ REGARDING CHANGE IN RUNNING TRIANLE THEORY... i had said this in lighter mood... tht things get change...otherwise, I had no intentions to tell u tht this is "WHAT RUNNING TRIANGLE THEORY IS ALL ABT"...

CHINTAN

Any stats to prove that its a fact.And y something changes overnight to create global meltdown such as the may 2006 scenario.A small pullout by f2's coupled by a correction in US and world markets almost halves the Index.

If ask me buddy,theres no connect between economy and stock markets.

Stock Market is just like a market place where sellers intend to sell at high and buyers intend to buy at lows.

amitt29 · #**328** 28th October 2007, 11:24 PM

Quote:

Originally Posted by chintan786

as far as relying on WPI and CPI IS CONCERNED... everything, evryissue has it's own importance, it's own "WEIGHT".

yes we rely on WPI but then at same time when this mnth had strted ... evryone have 22 Oct day was well in mind.

if CPI can bring change in the "LEADERSHIP"..... then mkt will not take cues frm 26Oct inflation number.

remmerber 2 year's back when COALITION GOVT( CONGRESS - CPI ) CME INTO POWER mkt had tanked like anything....

u know all these " facts" it is just question of to whom u give more importance.....

chintan

I mean Consumer Price Index,you dont buy clothes in wholesale do you,or you dont buy AC,potatoes in wholesale.

amitt29 · #**329** 28th October 2007, 11:29 PM

And do not use Caps,its like shouting and against netiquette.

chintan786 · #**330** 28th October 2007, 11:30 PM

so wht u want to say.... tht SEBI's P-note stand, GOVT.'s stand of choosing power instead of nuclear power, then and when change in CRRs have no effect on mkt...

it's just buy- and- sell tht's it....

may be I am wrong , not just me ... even Gregory mankiew is also wrong.... but then i am very happy with this...

and this is my why of seeing the " mkts"..... may be because I am not hard core Trader......

but this is how i am in MKT.

chintan

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