Technical Journal Book of NC

NC wrote:

NC wrote:

NC wrote:GLAS.N ; Analysis
http://forum.srilankaequity.com/t36330-glasn
GLAS.N ; Analysis Cont'd
count on EW
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I think "c" leg possibly end 4 or 4.2 or 4.4

Closer look of Glas.n
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sometimes, it could be a-b-c-d-e correction based on ascending traingle, untill price level 4 is not break.

The a-b-c-d-e correction was null as the break of price level 4 on today...

NC wrote:Analysis: DPL.N
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In longterm view, bear trend is reversed with the break of LH (24), since after that there's no any new LL. So, all the other movements are just noises.

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Closer look of Dpl.n:
There's a HPP. so, the target is 20.
According to Schiff pitchfork, it shows a nice channel. The 50% line (ML) has achived @15. Currrently, there's a resistant. (the 50% line). Hence, it can have a pull back. 100% line (UPL)  @ 18.

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Intraday view of Dpl.n:
As said by above chart, ML is a resistant, as you can see the double top @ 14.7. On the other hand, there's an ascending traingal. So, anything could be possible, in next couple of days. on  short term elliotwave counting I think it will do a correction, around 13.5.

Res: 15, 18, 20
Sup: 14, 13.5 , 12. (Be aware if it break 12, a good support)

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Lesson Number 02: 
"Don't believe rumors said by others without any clue."
This lesson is valuable not only in stock market but also in our personal and day to day life even.

Lesson Number 03:
"Don't let your rational eye to blind by your own greediness, hate and your own weak emotions of your mind."

- "None can destroy iron, but its own rust can. Like wise no one can destroy person, but its own mindset can" - 

NC wrote:Intraday Analysis of ASI (14/10/2014):
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There's a HPP pattern based on intraday chart, target towards 7300.
Weekly Piovt: 7384
Daily Pivot: 7184
Probable weekly range can be expect between 7384 -7184
Current situation is bullish biased based on current intraday outlook.
However, if ASI break 7190 support level (lower trendline) could be taken as a warning signal, of bear trend continuation. (LL: 7150)

- NC

NC wrote:No doubt Shark.. Agree with you.
Today candle inside the yesterday big bear candle..
If I can buy ASI, I enter with the upside break of 7200, and I keep my stoploss 7190. And most importantly, intraday predictions are valid only about less than a week, probably 2-3 days. Here, I took max three days, so valid only for a short period of time. Hence, tomorrow will give us a clue.. It definitely need to break 7215 if it moving up. If not so it could make a double top, and come back to 7100 - 7000

I know what you mean, some members could jump in just looking at ASI chart. If some, blindly jump in and jump out, we'll loose the profits what earned for STPs and Commissions.. So, we should handle these carefully..

Thanx bro...

NC wrote:hahh RPPA, , two traders see same thing on different ways... this is the market, just think.
So, feel its a indication of battle of bulls and bears ahead, so, we could hope lot of noises in chart.
(If you look at intraday ASI, today struggle to break 7200. - a small battle )

NC wrote:Feel need a good song to start the day...