November 18, 2012


  • Ford Motor Daily chart at up trend line
  • Price is testing 50 Day SMA.
  • Weekly candles are falling from the cloud. For a bigger up move price  must trade above the cloud. For now if 50 SMA and daily trend line fails to hold we may see extended correction.
  • S&P 500 ANALYSIS AFTER CLOSE
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  • QQQ Weekly chart shows Stochastic approaching oversold zone. There is no sign of reversal yet.
  • Price could continue to fall towards 59.80 - 60.0 zone which is the crucial support are in weekly chart.
  • 59.80 - 60.0 level also has the 50% Fib level and 100 Week SMA which makes it a confluence of support.
  • S&P 500 ANALYSIS AFTER CLOSE
  • APPLE WEEKEND UPDATE
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  • NIFTY is near the Up trend line in daily chart. This line has held so far more correction only if this one breaks.
  • Price has closed below 50 Day SMA. During this up move from 4770 levels all closes below 50 SMA is followed by up moves. Bulls are hoping this happen again.
  • Weekly chart shows MACD nearing a sell signal. Price managed to close below 5 Week LOW EMA. Sustaining below this line will add strength for the MACD Sell signal.
  • NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore