iCharts Discussions

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

Jimmie,

i tried a NINE representation on NF. It seems one needs to look at thin lines as first indication of reversal.
Please ignore the x-axis numbers, they are trading days.
regards,
vin

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

vinst, they look interesting.

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

As Nifty approaches the lower GREEN CHANNEL, it looks interesting.. Will be looking forward for a great BUY as near as possible to the GREEN CHANNEL

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

Todays LOW important for future course of NIFTY..

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

HOW TO TRADE THE NINE ?
1. Till Nifty remains in the green channel, it will be called an Uptrend.
2. Positonal trades should be buy on dips or at supports.
3. 180/360/540 degrees are the major supports or resistance for swings within the uptrend.
4. Anytime it breaks and sustains below the lower green channel, its time to exit Longs.
5. If anytime it pierces the uper green channel, it will be good to book longs, as it will fall back into the channel.
6. One can use this over n above his personal indicators and it may turn helpful.
7. Best buys will be when Nifty reaches near the lower green channel, with the lower green channel as SL.

vishalpd · White Belt Joined: 07 Mar 2008 Posts: 13

Thanks Jimmie for the explanation along with your update on 9

kvram · White Belt Joined: 31 Mar 2007 Posts: 35

Thnks jimmy sir for regular follow up.

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

Jimmie,
today intraday updates acquire extra importance.

My 'nine' chart with today's bar which is incomplete.

vin

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

approximation... its out of the channel, but needs confirmation.. Yes, ur chart has a thing or two to tell... hope it gets support at 4310, today as it generates multiple buy signals.

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

CURRENT NINE

Mani25 · White Belt Joined: 04 Jul 2008 Posts: 4

Sir,

It is time to exit ? Plz reply your views...

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

current

mbn · White Belt Joined: 29 Nov 2007 Posts: 27

Jimmie,

from the low of 3790,my calculation for 90 degrees comes to 3852.
Cal. is as below
1.square root 0f 3790=61.57
2.add 0.5 to this 61.57+0.5=62.07
3.square of 62.07=3852.

But I'm seeing 90 degrees as 3990 in the chart.
Whats wrong with my calculation?

Thanks alot for all the effort in this thread.

Regards,
mbn

Mani25 · White Belt Joined: 04 Jul 2008 Posts: 4

Dear Jimmie Sir,

Dow finished with 197 points and we may have +ve opening and we back in to green channel again.. what is your view? am i right?

Expecting your reply.

Thank you in advance

By

Mani

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

Hi mani,
Yes lets hope it get backs in the channel on monday, But other thing to note is we will have to rise by minimum 300 points next week to maitain in the channel.. Or else one day rise wont help much. Next day it will fall out again.
Secondly if we consider a downtrend from 4650, then 90 degrees comes to 4436. If we can succesfully conquere 4436 , then we can head for a New High.
Right now, i have got contradicting signals, I have a Buy Signal with Squaring method, which shouldnt give a sell signal below 4600.. and second is Nifty is out of the uptrend Channel, which if sustains generates a SHORT.
So, i am not sure how to act here.. So far i paid MTM and holding longs as i cant act further till my Buy Signal dosent generate a Sell signal. Hope for the best >
Regards