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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #5551  Posted: Fri Oct 19, 2012 2:16 pm Post subject: |
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| psalm wrote: | | Agree with you Apka....if you look at historical values of VIX, you can see that it has made similar readings around the period september-october 2010. Subsequently market topped out on November 5th of that year. So, what will happen this year? Will history repeat itself??? Interestingly, we have the U.S. election happening around that time as well (6th Nov). So, interesting periods ahead. |
i guess voting will go on for a month atleast and results would be announced somewhere before christmas? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5552 Posted: Fri Oct 19, 2012 2:54 pm Post subject: |
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| apka wrote: | | psalm wrote: | | Agree with you Apka....if you look at historical values of VIX, you can see that it has made similar readings around the period september-october 2010. Subsequently market topped out on November 5th of that year. So, what will happen this year? Will history repeat itself??? Interestingly, we have the U.S. election happening around that time as well (6th Nov). So, interesting periods ahead. |
i guess voting will go on for a month atleast and results would be announced somewhere before christmas? |
Actually, the voting and then the counting will be happening on 6th of November. Having said that in some states, voting begins much earlier. I saw some report of Michel Obama announcing that she has already cast her vote..or something like that.....there is another interesting thing is that almost one third of the electorate will cast their votes before the election day.....Even if the election result will be out on 6th....the new or the existing president will assume the office only around January 20, I feel..... |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #5553 Posted: Fri Oct 19, 2012 3:19 pm Post subject: |
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Glad to see you back Sam.  |
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rakpeds
White Belt
Joined: 24 Jun 2012
Posts: 481
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| Post: #5554 Posted: Fri Oct 19, 2012 3:22 pm Post subject: |
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| sam sir... welcome back... hope all is well bro |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5555 Posted: Fri Oct 19, 2012 3:27 pm Post subject: |
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| rakpeds wrote: | | sam sir... welcome back... hope all is well bro |
Yup...all izz well...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5556 Posted: Fri Oct 19, 2012 3:28 pm Post subject: |
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| rk_a2003 wrote: | | Glad to see you back Sam. |
Me too RK....glad to be back here..... |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #5557 Posted: Fri Oct 19, 2012 8:53 pm Post subject: nifty view |
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hey i just saw your post
its you sam
great to have you back here on your thread
without you this thread was as without the bone
all the best for your puts position
i will seek your views on specific stock in your othr thread
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5558 Posted: Fri Oct 19, 2012 8:58 pm Post subject: |
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"...... without you this thread was as without the bone"
Who wants the bone? We all need the meat!  |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #5559 Posted: Fri Oct 19, 2012 9:16 pm Post subject: |
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| vinay28 wrote: | "...... without you this thread was as without the bone"
Who wants the bone? We all need the meat! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5560 Posted: Fri Oct 19, 2012 9:37 pm Post subject: |
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| pkveenu wrote: | | vinay28 wrote: | "...... without you this thread was as without the bone"
Who wants the bone? We all need the meat! |
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LOL |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #5561 Posted: Fri Oct 19, 2012 9:53 pm Post subject: |
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| apka wrote: | | pkveenu wrote: | | vinay28 wrote: | "...... without you this thread was as without the bone"
Who wants the bone? We all need the meat! |
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LOL |
apka
i really enjoy the meat with bone only
Bone = Sam
Meat = Thread without Sam
both are important
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5562 Posted: Sat Oct 20, 2012 12:30 pm Post subject: |
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| Judge yourself. Similar triangles visible on daily and weekly charts also |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5563 Posted: Sat Oct 20, 2012 6:15 pm Post subject: |
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| vinay28 wrote: | | Judge yourself. Similar triangles visible on daily and weekly charts also |
1 more day maybe before breakout breakdown, will happen on tuesday or on expiry.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5564 Posted: Sat Oct 20, 2012 10:27 pm Post subject: |
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Here's my two bit worth on it.
Triangle base at 5635 and appex at 5815. Theoretical moves upon BO/BD are about 65-80% of 180.
It appears that it has actually broken out but appearances can be deceptive, particularly noting that Monday can open gap down.
Also, the right half contains a DT, which should normally break down but the last peak was higher and hence the hope for a BO though it can be a false one e.g. if it now crosses and remains below 5635 for an hour, break down can be sharp. Generally, volume falls quite low just before the BO. Volume has indeed fallen in last few days but I am not sure what will finally happen.
This month is significant in the sense that it is 48 months from the lows of the fall in 2008 and also we have had a year-high at 5815 this month followed by the freak trade low this month, so topping out seems in place.
Daily candle is an inside bar while weekly is a doji. Also, daily chart seems to have a rounding bottom while weekly chart seems to have rounding top. Movements below 5630 and above 5730 can be vicious and violent. I won't be surprised to see a 200 point movement on some day in coming week. Month of oct has traditionally shown at least two days of 130-190 point moves. Barring freak trade on 5th Oct, we haven't seen any this month so far.
I feel market will really try our patience coming week, not good for weak hearted. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #5565 Posted: Sat Oct 20, 2012 10:58 pm Post subject: |
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| vinay28 wrote: | "...... without you this thread was as without the bone"
Who wants the bone? We all need the meat! |
And wht abt vegetarians  ?? |
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