A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.The double top is a major reversal pattern that forms after an extended uptrend. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. The double top … [Read more...]
Double Bottom(Reversal):Concept
It is a charting pattern used in technical analysis. It describes the drop of a stock (or index), a rebound, another drop to the same (or similar) level as the original drop, and finally another rebound.As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. The double bottom is a major reversal pattern … [Read more...]
Nifty Trading Levels for 27th October 2009
Please find the correct levels for nifty The Nifty Levels for 27th October 2009 are First Resistance = 5029 First Support =4954 Second Resistance =5073 Second Support =4923 Breakout above = 5104 Break down Below = 4879 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty Live Charts.com … [Read more...]
Fed announcement on rates
The Set-Up Ahead of the Fed Announcement on Rates conducting some simple macro analysis of a couple of financial markets, will help you to chart a course after the Fed's announcement on interest rates this afternoon and will also be helping in defining the action points. As we pointed out before that the Dow Jones Industrial Average ($INDU) is going to oscillate around … [Read more...]
Zurich Axioms and Zero Coupon Bond
Zurich Axioms it was formulated by a group of Swiss brokers on the Wall Street after the Second World War. Some of the most important axioms on successful investing are: Risk Worry is a sign of health, not sickness; if you are not worried, you are not risking much. Greed Take your profit too soon. Conquer your greed and become a better speculator than 99% of others. Hope … [Read more...]