Sensex

Saturday, February 06, 2010

Re: [Technical-Investor] Today's data

 

Thanks JK and AP

AP, my point is it is a truncated day with even lower than normal half hour volumes.So, whether today's candle has  the same weight as a full day's candle as far as interpretations are concerned was my doubt.

JK  must definitely have some very good reasons to confirm in the affirmative. He has posted a nice chart. Only thing is that I have got a long way to go before I fully understand the kind of charts he posts.

Thanks again to both of you.

--- On Sat, 6/2/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:

From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: Re: [Technical-Investor] Today's data
To: Technical-Investor@yahoogroups.com
Date: Saturday, 6 February, 2010, 5:22 PM

 

"Yes" is my answer.

And it assumes an importance, in short term trading point of view, that Fridays close is a place to exit short calls. And today's up confirms that.  I expect the market to go up on Monday also, a small retracement up to a minimum of 4800 levels and from there it might continue its downward journey again.

All said and done, opinions are subject to change, you know -without prior notice :-)))

Jk.

Attached chart is not updated with todays data, but at Fridays close MACD cross over changed the bar into green which was short trade exit point.

--- On Sat, 2/6/10, chockkalingamn <chockkalingamn@ yahoo.co. in> wrote:

From: chockkalingamn <chockkalingamn@ yahoo.co. in>
Subject: [Technical-Investor ] Today's data
To: Technical-Investor@ yahoogroups. com
Date: Saturday, February 6, 2010, 4:47 PM

 

Dear All

Would like to know whether today's data should be considered for various TA calculations

Chockalingam



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Posted by nsivaa at 6:47 AM

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