August 19, 2011. Sensex closed at 16141. This day will be remembered in the history of Indian Stock Market for years to come. On 6th March 2009, sensex had closed at 8325. You join these two points, and what you get is a line with positive slope, which will act as MAJOR UPTREND LINE.
What it means that you are going to see the Sensex remaining above this uptrendline for several years to come!
If you have missed March 2009, dont miss August 2011!
Descretion advised.
Edit:
I have been proved wrong.
August 26, 2011. Sensex closed at 15848.
Now, This day will be remembered in the history of Indian Stock Market for years to come.
He posts this type of stuff once in a while, but he is a real person... I think.
I get a kick out of people who play the stock market based on trends and all sorts of graphical indicators and such voodoo. It's good for herd mentality, I guess.
I get a kick out of people who play the stock market based on trends and all sorts of graphical indicators and such voodoo. It's good for herd mentality, I guess.
:-D
LOL, "voodoo" is exactly the right term. They couch their "stats" in all sorts of technical mumbo-jumbo, but in the end, it's mostly arbitrary. The claims of statistical indicators that will enable one to beat the market indicators reliably are akin to claims of perpetual motion machines.
Funny how the guru's only know what will happen in the past and have a worse record for the future then a monkey throwing a dart. Fortune telling is much easier in the past I guess :-)
Thanks for all your comments. I am a serious photographer, and an occasional author (venturing into diverse fields like stock-market, worries, lovemaking etc.)
I know, it has nothing to do with DPC, but so has so many of your other threads, like gay marriages... and so on.
I get a kick out of people who play the stock market based on trends and all sorts of graphical indicators and such voodoo. It's good for herd mentality, I guess.
:-D
If you do not play the stock market based on trends and charts, then how do you play? How do you get an idea that the market is selling at a premium or at a discount?
In the stock market jungle, charts serve as a roadmap, howsoever hazy it may be.
Funny how the guru's only know what will happen in the past and have a worse record for the future then a monkey throwing a dart. Fortune telling is much easier in the past I guess :-)
Prediction/Forecasting about certain parameters is not the same as fortune telling. Don't you forecast as to how many guests will join in your marriage party? Don't you make your arrangements accordingly?
And doesnot all this go haywire?
Does this mean that you won't forecast the next time?
Edit:
I have been proved wrong.
August 26, 2011. Sensex closed at 15848.
Now, This day will be remembered in the history of Indian Stock Market for years to come.
Edit:
I have been proved wrong.
August 26, 2011. Sensex closed at 15848.
Now, This day will be remembered in the history of Indian Stock Market for years to come.
