These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.Today’s move with a rising window would not have allowed traders to enter at the open. This type of market move normally frustrates traders and then they jump in at any price. They then end up holding stocks at high prices.
The Nifty future has made a historic high today. Whereas, the underlying Nifty index has yet to make a new high. This suggests that some element of excessive speculation is slowly entering the market. The future is now trading almost at par with the Index.
Under normal circumstances, this always rings a warning bell. We are fast approaching our time target of 22 May.
Plan your trades and trade happy.
3 comments:
Ruby Tuesday in the offing sirji, since 22nd is Tue.
So any gargain price for this Ruby ??
reg
ketan
PS: i have tried to find ur material but in vain, ur geocities page does not open. i was looking for ur gann work (and other, if u feel relevant).
Do provide ur old treasure chest sites under links section if u please for benefit of all .
Also let me elaborate on my research:
I found the following sites:
1. http://www.geocities..com/cooldush
2. www.candlestrength.com
3. Yahoo groups: Dusant, technicaltradingmethods, equis, ms, etc etc
geocities and candlestrength do not have cached pages anymore, so none of ygrp links work !
However, though i found some "pics" on easy learning of CS Fan (ygrp dusant), i never really found your Indicator "file" for Metastock.
Do help sirji and upload it....
I am planning to have the formula in excel itself, if possible.
Do share the excel sheet also (i suppose u must be having one with 20 yrs of TA research).
reg
ketan
http://trader.online.pl/MSZ/e-w-Gann_Road_Map.html
http://www.xeatrade.com/trading/2/G/921.html
It is just a matter of using the net.
I do not have an excel version.
Dusant
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