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last activity : 07 06 2010 20:18:04 +0000
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All Stock markets are to a great extent globally connected..and because of technical innovations...information flow has become almost at speed of light..as everything is wired...and the globe is becoming small ....this phenomenon will be more pronounced as years pass by.
In BSE Sensex a pattern within a pattern was observed, giving rise to an interesting combination often observed in technical charts. This one of the beauty of technical analysis.
Rising Wedge like formation...plus Peak & Trough formation gave way to an extrememe weakness & BSE Sensex tanked with its sharpest fall of the year so far.
Again the current situation is very well summed up by legendary Technical Trader Jesse Livermore " There is no need to understand why market is going up or down. Rise or Fall in the Stock Market is because of myraid factors. What is most important is to follow the trend. "
By Suchita Ambardekar.
3 comments on "BSE Sensex Trend Analysis - 8/11/2009"
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Commented by
Mathew Cherian, Research Associate/Analyst, Western Michigan University
| 11 09 2009 18:07:52 +0000
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Commented by
VINAY BUSHAN. S, Head/VP/GM-Accounts, SUNDHARAMS PVT LTD
| 11 09 2009 09:15:04 +0000
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Commented by
Esha Johar, Risk Analyst, Irevna
| 11 09 2009 05:40:17 +0000
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