Current market condition

gann · 26 Re: Current market condition Fri Jul 13, 2012 3:04 pm

gann

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gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

gann · 27 Re: Current market condition Fri Jul 20, 2012 10:09 am

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gann wrote:

gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

Market opened gap up few ticks. I would wait till the gap gets filled and let market trade above 4900 + before taking long positions. ASI above the previous high(5090) would confirm a daily ABC pattern. ASI trading above 4960 would complete the weekly swing low.

market bull · 28 Re: Current market condition Fri Jul 20, 2012 3:40 pm

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Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

[quote="UAEBOY"]

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

gann · 29 Re: Current market condition Mon Jul 23, 2012 2:25 pm

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gann wrote:

gann wrote:

gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

Market opened gap up few ticks. I would wait till the gap gets filled and let market trade above 4900 + before taking long positions. ASI above the previous high(5090) would confirm a daily ABC pattern. ASI trading above 4960 would complete the weekly swing low.

We are still waiting for a trend ideally above 4960 to go long.

market bull · 30 Re: Current market condition Wed Jul 25, 2012 2:22 pm

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Be patient guys...at least you can minimize your loss.

[quote="market bull"]
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

gann · 31 Re: Current market condition Fri Jul 27, 2012 10:05 am

gann

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gann wrote:

gann wrote:

gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

Market opened gap up few ticks. I would wait till the gap gets filled and let market trade above 4900 + before taking long positions. ASI above the previous high(5090) would confirm a daily ABC pattern. ASI trading above 4960 would complete the weekly swing low.

We are approaching the desired price levels. Good luck with trading.

market bull · 32 Re: Current market condition Fri Jul 27, 2012 1:38 pm

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Finally it happened. Very Happy

[quote="market bull"]
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

market bull · 33 Re: Current market condition Thu Aug 02, 2012 11:55 am

market bull

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ASI 5500 before 25th.
[quote="market bull"]Finally it happened. Very Happy

market bull wrote:
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

Antonym · 34 Re: Current market condition Thu Aug 02, 2012 6:25 pm

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gann wrote:

gann wrote:

gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

Market opened gap up few ticks. I would wait till the gap gets filled and let market trade above 4900 + before taking long positions. ASI above the previous high(5090) would confirm a daily ABC pattern. ASI trading above 4960 would complete the weekly swing low.

@gann (and other TAs): Ever since you mentioned it, I've been waiting for 4960. Now that it's happened, would appreciate your views on what to expect next...

gann · 35 Re: Current market condition Tue Aug 21, 2012 10:34 am

gann

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Antonym wrote:

gann wrote:

gann wrote:

gann wrote:I see a minor resistance just around 4900-4910. i would wait till it is passed.

The resistance held. If the market does not go beyond the previous low of 4865 and takes 4910+ would signal a bullish run.

Market opened gap up few ticks. I would wait till the gap gets filled and let market trade above 4900 + before taking long positions. ASI above the previous high(5090) would confirm a daily ABC pattern. ASI trading above 4960 would complete the weekly swing low.

@gann (and other TAs): Ever since you mentioned it, I've been waiting for 4960. Now that it's happened, would appreciate your views on what to expect next...

@Antonym
Sorry, I did not see your comment b4. Market has the potential to move to 5330 region if this momentum does not get disturbed by news etc..
Next resistance is 4996.

Antonym · 36 Re: Current market condition Wed Aug 22, 2012 1:25 pm

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gann wrote:

Antonym wrote:@gann (and other TAs): Ever since you mentioned it, I've been waiting for 4960. Now that it's happened, would appreciate your views on what to expect next...

@Antonym
Sorry, I did not see your comment b4. Market has the potential to move to 5330 region if this momentum does not get disturbed by news etc..
Next resistance is 4996.

The psychological 5000 barrier has been breached, after nearly 8 weeks!
Next major resistance would be at 5330?

gann · 37 Re: Current market condition Wed Aug 22, 2012 2:50 pm

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[quote="Antonym"]

gann wrote:

Antonym wrote:@gann (and other TAs): Ever since you mentioned it, I've been waiting for 4960. Now that it's happened, would appreciate your views on what to expect next...

Next major resistance would be at 5330?

Yes 5270-5330. Needless to say most fundamental players are waiting to enter the market if index cross the previous high of 5090.

gann · 38 Re: Current market condition Tue Sep 04, 2012 11:06 am

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anyone following this thread would have covered their risk by now and enjoying the show cheers

D.G.Dayaratne · 39 Re: Current market condition Tue Sep 04, 2012 12:14 pm

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If BROKER'S CREDIT for big players is controlled market will run smoothly
But small Inverters should be given reasonable credit facilities

Under prevailing economic conditions and company performance long term upward trend will be inevitable under normal circumstance

There mar be ups and downs

market bull · 40 Re: Current market condition Tue Sep 04, 2012 1:51 pm

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Seemed broker credit working,Hope forum members have managed to minimize their losses/get some profit & etc.

now my mind says get ready for red days...

Any way i hope to see 5600-5800L by end of this month.

[quote="market bull"]Finally it happened. Very Happy

market bull wrote:
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

market bull · 41 Re: Current market condition Fri Sep 07, 2012 12:52 pm

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I am very happy market is near to 5500L,my unrealized profits of some shares 80-90%. Sold all pch 16,000 at 7.60.missed 7.70 bus,7.80 & 7.90 only one shares traded.Hoping to sell part of portfolio today.

Happy trading....

[quote="market bull"]Be patient guys...at least you can minimize your loss.

market bull wrote:
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

manula · 42 Re: Current market condition Fri Sep 07, 2012 1:21 pm

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[quote="market bull"]I am very happy market is near to 5500L,my unrealized profits of some shares 80-90%. Sold all pch 16,000 at 7.60.missed 7.70 bus,7.80 & 7.90 only one shares traded.Hoping to sell part of portfolio today.

Happy trading....

market bull wrote:Be patient guys...at least you can minimize your loss.

market bull wrote:
Sorry i didn't see your comments.

I cant tell you exactly why.I have just mentioned here how i felt about current market situation, that's only.

I believe next week we will have at least short term bull run not because of the new credit rules or president meeting.

If Broker firms & HNWI's organize & do it,We may see ASI 5500L also before 25th of next month.

We can say broker credit is just a carrot.But we should not forget that now they have to maintain only minimum capital requirement to give what ever credits they want to give clients.

We see how it goes....

UAEBOY wrote:

market bull wrote:we can have a real bull run after 18th.

why market bull after 18th ??

good to hear that you sold all PCH shares. I also have liittle brought on manipulating days.. kept in hold and not tried to minimies the loss on PCH only consider mainly about FLCH,PLC and BIL counters Very Happy

market bull · 43 Re: Current market condition Fri Sep 07, 2012 2:15 pm

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bye FLCH I sold 72000 shares at 3.00 with more than 100% return.

[quote="manula"][quote="market bull"]I am very happy market is near to 5500L,my unrealized profits of some shares 80-90%. Sold all pch 16,000 at 7.60.missed 7.70 bus,7.80 & 7.90 only one shares traded.Hoping to sell part of portfolio today.

Happy trading....

gann · 44 Re: Current market condition Fri Sep 07, 2012 11:35 pm

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There is one member i really miss. Its none other than tubal. Looking forward to read a comment or two from the maestro.

gann · 45 Re: Current market condition Thu Oct 11, 2012 10:54 am

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next support around 5650. if broken 5450.

gann · 46 Re: Current market condition Mon Oct 15, 2012 2:00 pm

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gann wrote:next support around 5650. if broken 5450.

Looks like the 5650 might hold. Lets wait and see if the big fish start buying Smile

gann · 47 Re: Current market condition Fri Oct 19, 2012 10:29 am

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Market found support at 5580. 70points less than expected. Quite normal in a market with high caps weighing too much on the index. Momentum could overshoot 50-100 points. Time has come to Watch out for good trading setups.

smallville · 48 Re: Current market condition Mon Oct 22, 2012 2:10 pm

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Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

Slstock · 49 Re: Current market condition Mon Oct 22, 2012 3:16 pm

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Closed at 5553. RSI must be about 40 now. Some shares corrected 20-40% from ASI 6000.
trunover about 1/10 from bull days.

Interesting situation. Market is awating Sept results also it seems.

traderathome · 50 Re: Current market condition Mon Oct 22, 2012 3:45 pm

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slstock wrote:Closed at 5553. RSI must be about 40 now. Some shares corrected 20-40% from ASI 6000.
trunover about 1/10 from bull days.

Interesting situation. Market is awating Sept results also it seems.

testing it again the support around 5550....tomorrow would be interesting 2nd day of the trading usually will have renewed interest.the turnover is low meaning sellers are not interested to sell much low..... pirat

this was highlighted on reuters last week. no sellers would mean buyers will start filling in....we need a business friendly budget...as a trigger.... Suspect

TAH

gann · 51 Re: Current market condition Mon Oct 22, 2012 4:37 pm

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smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

+-5400 is the next support. Market looked very weak today. But Jkh was holding its ground. We will have to wait and see. Still no trading setup on the horizon.

Whitebull · 52 Re: Current market condition Mon Oct 22, 2012 5:02 pm

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smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

Fib On Achchi Laughing

http://forum.srilankaequity.com/t23948-fib-on-achchi#143234

smallville · 53 Re: Current market condition Mon Oct 22, 2012 10:20 pm

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Whitebull wrote:

smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

Fib On Achchi

http://forum.srilankaequity.com/t23948-fib-on-achchi#143234

That's one good thread after sometime tongue

StockGuru · 54 Re: Current market condition Tue Oct 23, 2012 2:53 am

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gann wrote:

smallville wrote:Market has fallen from 5580 marginally and still testing it as per the looks..

To my untrained eye, it looks like 5570 is the fib 23.6%..

Around 5470 the 38.2% fib support is there also.. But hope market may turn from here or at least ard 5550 without falling to that deep..

+-5400 is the next support. Market looked very weak today. But Jkh was holding its ground. We will have to wait and see. Still no trading setup on the horizon.

What will happen to market? So sad!

gann · 55 Re: Current market condition Tue Oct 23, 2012 9:37 am

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StockGuru wrote:What will happen to market? So sad!

Why sad? This is how markets operate. You become sad when your expectations are not inline with the market dynamics(reality). Nothing to do with the market. Market is always perfect. Its doing its numbers. You wait for a trend to establish and trade in that direction.

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Current market condition

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