iCharts Discussions

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Yes I have read that Anand but your statement did not read like a conditionality i.e. 4940 only if 4992 is broken. Anyway, no further comments from me on your posts. That's a promise

ajayhkaul · Yellow Belt Joined: 18 Jun 2009 Posts: 866

Yes Vinod ... when things get complicated , decision making is tough and then we end up going with the gut feel because our brain has limitations.

Trading is all about decision making.

Market has too many moving parts as you are aware.

So we have to decide based on some signals that we understand- knowing that we dont know everything and that we are willing to run if the trade goes against us.

OK....back to technicals .... by fractals I mean the time frame that you are looking at... intra/daily/weekly etc. Every trader has his own horizon and thats why we are all different.TIME is an important factor . The gyrations on daily basis can make you see doomsday faster than if you saw weekly charts.

You of course do have some favorite trend indicator.

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.........

NF future above 5055...............may take to 5090 level..............but only above 5055............

thanks
anand

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi..........all

NF future below 4965 if stays then 4945.......4900........poss. for to day

thanks
anand

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

OK, Anand. Let me try to make it brief. Yes, we are not enemies and we can't be enemies if we don't know each other. Right? Nor were you hurting me. I made that amply clear to you, the last time we had a similar exchange when you kept on screaming 4500/4200 and nifty went to 5400. Please go through the posts of last month.

But I sat up and took notice when you said "..... dont b crazy....." in one of your recent posts. I realised that I had perhaps crossed the line and hurt your ego. Ego is good if used properly and I do worship (at least try to) everyone's ego. Ego is our last defensive identity but is good only when it is backed by a solid experience, logic and expertise.

I could have easily told you what I think is wrong with you. But I would never do that in public forum and that too when we don't even know each other. It does not give me any authority.

And finally, you don't know me BUT I know myself and I am always afraid of myself. To be honest, my contacts all over the world know that

I shoot from the hip
I shoot first and ask afterwards
I call spade a shovel and
I drink coffee that is blacker than sin and is strong enough to float a horse shoe

That's the reason for my "withdrawal". Hope I have clarified myself.

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi..........

Earlier today, equity futures erased losses as data showed fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, an indication the labor market may be gaining traction. Builders broke ground on more homes than forecast in October and construction permits climbed to the highest level since March 2010, signs that housing may become less of a laggard in the third year of the U.S. recovery.

“There’s growing tension as the U.S. economy is strengthening and giving a pretty strong foundation for a good move in the market,” Jeffrey Davis, who oversees $5.4 billion as chief investment officer at Lee Munder Capital Group in Boston, said in a telephone interview. “The U.S. could set a positive tone for the rest of the world markets by the end of the year even though Europe continues to be a problem.”

Financial stocks drove the S&P 500 lower yesterday after Fitch Rating said further contagion from Europe’s debt crisis will pose a risk to American banks. The group was down 6.1 percent this month through yesterday, compared with a 1.3 percent decline for the benchmark measure.

Some of the biggest American companies fell today. JPMorgan lost 1.2 percent to $31.10, after declining 3.8 percent yesterday. Hewlett-Packard retreated 1.4 percent to $27.54

..................but I think this time our mkt will follow the europe.....if europe getting presure...........that could handed over to us

thanks
anand