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7th October, 2011

Trading with a Gap open.

Today should see one more gap open. Previous posts have discussed The process of trading a gap open. The same process can be used to exit short positions. Wait fair

6th October, 2011

An unusual continuation pattern in the Nifty.

There is a time to be old and a time to be bold There is a time to be old and a time to be bold, but not a time

5th October, 2011

Nifty – Long Term View

A weekly chart for the Nifty shows the possibility of a major breakdown below 4500. There is a sharp rally in 2009 between the Nifty level of 2900 and 4540

4th October, 2011

Higher High – Higher Low pattern in CNX IT.

CNX IT Index is making a pattern of Higher Highs - Higher Lows. This pattern is an indication of relative strength in the index, compared to the broad market. Bear market

30th September, 2011

Nifty in a well defined range & The Bear Story

From Ft.com : The S&P at 400 is almost inevitable Albert Edwards, perma bear says: "Jeremy Grantham of GMO says this is “no market for young men”. Maybe now I am over