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SwingTrader
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Post: #271  Posted: Fri Jul 19, 2013 10:52 pm Post subject: |
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| anandrathi12 wrote: | ST sir
 a ton for much awaited update out of ur hectic schedule.
Also Can u plz post the longterm sentiment charts mapped over intermediate and nifty which you use to post long time back.
(Ur flagship sentiment charts you follow for investments..  )
Thanks..
Anand |
Anand,
Saw your message just now. I am not sure which one you are referring to but I will take a look at all charts I have and try and retrieve it. Will post later once I find.
Posting the latest update for the current charts now...
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SwingTrader
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| Post: #272 Posted: Fri Jul 19, 2013 10:53 pm Post subject: Latest update |
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Updated charts.
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anandrathi12
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| Post: #273 Posted: Sat Jul 20, 2013 12:30 am Post subject: |
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ST sir
thanks for timely update... Options sentiment chart shows posb of some more upside... right sir..?
Also LT sentiment Charts i'm talking of.. the one which can be seen on start page of this thread... Hope you get it now...!! 
Thanks
Anand |
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SwingTrader
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| Post: #274 Posted: Sat Jul 20, 2013 1:17 am Post subject: |
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| anandrathi12 wrote: | ST sir
thanks for timely update... Options sentiment chart shows posb of some more upside... right sir..?
Also LT sentiment Charts i'm talking of.. the one which can be seen on start page of this thread... Hope you get it now...!!
Thanks
Anand |
Anand,
The green line on the market breadth chart that I am posting IS the "Long Term Sentiment" that I was posting earlier.  It is strange to see it still so weak.
June end had a key convergence that I look for in sentiment charts (the other one was in mid-april). All the three lines bottomed around the same time, this usually indicates some kind of significant bottom and we are seeing the result of that in a strong intermediate term rally. But these have not yet resulted in the long term line budging from its weak position. Long term line has to start moving to indicate broad strength.
Options sentiment is a strange animal, I had confessed about this earlier too. I will leave it up to you to interpret it the way you want. I am posting it just for interest. I am only using the breadth/sentiment chart and price analysis for trading.
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Last edited by SwingTrader on Sat Jul 20, 2013 1:20 am; edited 1 time in total |
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SwingTrader
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| Post: #275 Posted: Mon Jul 29, 2013 12:33 am Post subject: Update (26.07.2013) |
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Here are the updated charts.
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Srikanth Kurdukar
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SwingTrader
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| Post: #276 Posted: Wed Jul 31, 2013 9:29 pm Post subject: Update (31.07.2013) |
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Update - 31.07.2013
Market breadth and options sentiment at extreme. But long term outlook does not look good until the long term sentiment (green line) comes out of its coma.
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smartcancerian
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| Post: #277 Posted: Wed Jul 31, 2013 11:33 pm Post subject: |
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| ST sir..pl elaborate the meaning of this line--" Market breadth and options sentiment at extreme." |
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SwingTrader
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| Post: #278 Posted: Thu Aug 01, 2013 12:11 am Post subject: |
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| smartcancerian wrote: | | ST sir..pl elaborate the meaning of this line--" Market breadth and options sentiment at extreme." |
Options Sentiment : If you see the chart, the options sentiment line is currently in the top bands indicating an extreme bearish sentiment. This indicates lot of out-of-the-money put positions being held (Aug expiry), this is usually contrary indication which is bullish. But this situation can remain like this for a while so it can't be taken as a direct trading signal.
Market Breadth : Breadth has been bearish for a while now, especially the long term one (green line). All three breadth lines - long (green), intermediate (blue) & short (red) are at one extreme end (below -80%). This again is contrary but this situation also can remain like this and go on for an extended period.
So both charts are indicating bearish extreme sentiment which can be bullish IF we see price breaking above previous resistances which is what one should be looking for. Until previous resistances are broken the trend is down.
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vinay28
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| Post: #279 Posted: Thu Aug 01, 2013 8:39 am Post subject: Re: Update (31.07.2013) |
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| SwingTrader wrote: | Update - 31.07.2013
Market breadth and options sentiment at extreme. But long term outlook does not look good until the long term sentiment (green line) comes out of its coma. |
green line is for our govt.  |
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SwingTrader
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| Post: #280 Posted: Thu Aug 01, 2013 8:46 am Post subject: Re: Update (31.07.2013) |
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| vinay28 wrote: |
green line is for our govt. |
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smartcancerian
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| Post: #281 Posted: Thu Aug 01, 2013 10:01 pm Post subject: |
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| Ok ST sir..got it..thanx. |
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aptcap
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| Post: #282 Posted: Fri Aug 23, 2013 9:53 pm Post subject: Re: Update (31.07.2013) |
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hi ST,
any update here? patient is deep in coma still. sinking further
rgds
| SwingTrader wrote: | Update - 31.07.2013
Market breadth and options sentiment at extreme. But long term outlook does not look good until the long term sentiment (green line) comes out of its coma. |
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SwingTrader
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| Post: #283 Posted: Mon Aug 26, 2013 8:59 am Post subject: |
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Latest update (as of 23.08.2013)
Status is the same...long term still comatose. The broken technical picture needs to get mended. If market can get above 5500 AND sustain there then we could see some buying coming in....until then...
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SwingTrader
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| Post: #284 Posted: Sun Sep 08, 2013 4:30 pm Post subject: |
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Latest update (as of 06.09.2013)
Some movement seen at last on the sentiment side. Intermediate term breadth at 3 months high but long term is not budging yet.
5760-5790 would be the crucial area for this current move up. The broader trend is firmly still down though.
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vimalmehta
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| Post: #285 Posted: Sun Sep 08, 2013 6:22 pm Post subject: |
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| thanks ST . . wonder if you could keep us updated a couple of times this week considering the crucial inflection point we are at . . thanks |
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