Sensex

Thursday, November 19, 2009

Re: [Technical-Investor] The indicator that foreseen the sudden upsurge

 

I am just reproducing what I have understood from earlier posts of people like Prashant, GV, Etc. Oscillators work well when the up or down move has matured and about to reverse . Trend strength  is to be confirmed by ADX etc. MAs do not work well and whipsaw a lot at this phase of market.

On the other hand, when there is a clear trend,  oscillators may remain oversold/overbought for extended periods of time and taking any contra trade will be dangerous unless there is clear confirmation of trend reversal from other methods. During such periods dip in oscillaltor value can be used as buying opportunity if the market trend is up and vice versa.

Oscillators are likely to work well in intraday trading, as moves are very rarely one sided during the day. Whatever said above applies to intraday trading also. But, with judicial use of MAs/MACD alongwith oscillators one  can always identify profitable trades

Chockalingam





--- On Thu, 19/11/09, Jayakrishnan <jayakrish2001@yahoo.com> wrote:

From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: Re: [Technical-Investor] The indicator that foreseen the sudden upsurge
To: Technical-Investor@yahoogroups.com
Date: Thursday, 19 November, 2009, 4:26 PM

 

True. Words of wisdom.
Thank you
Jayakrishnan.

--- On Thu, 11/19/09, vin st <vinst1@yahoo. com> wrote:

From: vin st <vinst1@yahoo. com>
Subject: Re: [Technical-Investor ] The indicator that foreseen the sudden upsurge
To: Technical-Investor@ yahoogroups. com
Date: Thursday, November 19, 2009, 3:59 PM

 

Whatever be the name, each oscillator has very similar failings. UO also fails often and at that time, some other may give forewarning.
vin

From: Jayakrishnan <jayakrish2001@ yahoo.com>
To: Technical-Investor@ yahoogroups. com
Sent: Wed, November 18, 2009 2:22:26 AM
Subject: [Technical-Investor ] The indicator that foreseen the sudden upsurge




Hi all,

Yesterday from 2.02 p.m onwards suddenly NIFTY started moving up from its lows.

Can you the name the oscillator that has foreseen that up move?


?ui=2&view=att&th=12503e015629a4e4&attid=0.1&disp=attd&realattid=ii_12503e015629a4e4&zw

It was Ultimate Oscillator Divergence as shown in the cirlces ..........

The prices are falling , but UO started moving from little above 30 to 50.....

Regards,

Jayakrishnan.






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