Comments on Trading Steps: How to build a trading system

Dear Sir, Your early morning positional call on C...

2009-06-17T21:11:02.523+05:30

Dear Sir,

Your early morning positional call on CNBC gave superb returns intra day.

Excellent analysis.

Best Regards
Vipin

I am regularly reading your blog and tying to foll...

2009-06-17T20:49:59.420+05:30

I am regularly reading your blog and tying to follow the same.
Now I have a doubt and I think you can answer my question.
My question is whether today, the nifty has breached swing low of 4365 or not?

Please reply as your Yes or No will certainly help me a lot because I don't have enough experience in trading.

1. Nifty has gone UP for 8 months from october low...

2009-06-17T16:18:35.324+05:30

1. Nifty has gone UP for 8 months from october lows.
2. Nifty has gone UP for 34 Weeks since october lows.
3. Nifty has gone up for 144 days since october lows to 4600 levels.

All the three numbers 8, 34, 144 are fibonacci numbers. Based on these data, is there any to predict for how long nifty will correct ?

In the monthly Charts of Nifty Iam seeing an inver...

2009-06-16T23:24:38.394+05:30

In the monthly Charts of Nifty Iam seeing an inverted Head and Shoulder pattern in the making...with the neckline around 4700 and bottom of right shoulder at 3800. So Iam expecting nifty to go to 3800 in the coming months and to break 4700 after 3 to 4 months...If that happens then nifty could head towards 6500. Is my analysis correct...Iam a novice in tech analysis....If iam wrong please teach how to identify the correct H&S pattern if you have time...

Thanks
Vinod D
Chennai