Comments on Trading Steps: Are we near a short term low?

hi in appropos to ur RIL CHART/POST i have 2 qur...

2010-01-30T12:50:26.037+05:30

hi
in appropos to ur RIL CHART/POST i have 2 quries.
1/ if u tweak the upper resistance line of rt shoulder it becomes a bearish wedge ( means just raise its left end to upside at the point where there are multi resistance).AM I CORRECT/WRONG?
2/IN THIS SUPPOSED H&S PATTERN THE NECK LINE IS AT MORE THEN 100% FROM HEAD LEVEL SUCH H&S PATTERNS A"INT RELIABLE. MEANS LOOK LIKE THAT A H&S PATTERN IS BEING THRUSTED ON RIL WHEN THERE IS NONE . KINDLY CLARIFY IT.
REGARDS
BIGSAJAN82@YAHOO.COM

Sir, Can we describe the period from March 2007 t...

2010-01-29T19:22:42.082+05:30

Sir,

Can we describe the period from March 2007 to June 2008 as Head and Shoulder Reversal Pattern on Nifty Charts?

Left Shoulder formed around March 2007, Head during Dec-Jan2008 and right Shoulder formed during June 2008 (more clearly seen in weekly charts).

I am asking for confirmation of a pattern already developed, but for a learner previous patterns are also helpful to get more experience.
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Please reply, if detailed description is not possible, your Yes or No will be enough for me.

You should reply because you are the person who has shown the path of TA to me and many others. I have no other source of further education on TA except w.w.w. and some books prescribed by you. My knowledge is limited within the books suggested by you.

Thanks

Gulshan.

Respected sir, Today you gave a message on moneyc...

2010-01-29T13:29:02.778+05:30

Respected sir,

Today you gave a message on moneycontrol that nifty would find some support near 4700- which is exactly where nifty can find support according to gann fan analysis of nifty on a daily basis. pls correct me if i am wrong . i think it would find support near 4572 (gann fan support) .

I am attaching the hyperlink for picture on my blog.

http://stockanalytics.blogspot.com/2010/01/nifty-gann-update.html