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17th July, 2009

Another head and shoulder revisited.

Almost all stock markets are showing signs of developing a bullish head and shoulder pattern. This is a pattern that is not ideal, because it has shallow shoulders, but then

16th July, 2009

Confusion in the U.S. markets.

On the state of the American economy and stock market, there are completely divergent points of view in the blogs that I read. Here is a sample: Forbes economist Gary

15th July, 2009

Day Traders delight!

The Nifty had a classic trend day, opening near the lows of what became a strong up move. For the short term trader, there were many signals for a long

14th July, 2009

Worries on the long term.

I was reading a book in which the author had given a chart of the Dow Jones Index. In 1997 July it was trading at 8333. Today, I checked up

14th July, 2009

The first pullback – Today is an Example

Today morning before the Open, in my earlier post I explained how a trend day can be used to trade using the first pullback. Luckily, today's Nifty trading provides an