Hmm, Its always very encouraging and self-inspiring, when we learn the same thing in a different way or explore a thing in depth to learn its beautiful dynamics.
Well I am talking about markets here. I do not like to read technical charts the conventional. Of course I thank to the stalwarts who discovered the study of Technical Analysis. But as you may know charts are reprentation of data and in market the data is price. Theses prices, though people say are manipulated by someone, but according to me, you cannot do it overall. I know these are 'Maharathis' of markets who run a stock, but you can never miss the overall Human Behaviour to action of prices.
So, I also was enthralled to know my eagerness to learn Psychology. Well, all said n done, what matters is the result. Some may do it the easy way of mental calculations or somebody's help, whereas some may do the hard way of evolving their idea of reading the stocks.
Coming back to sharing my views on market, it was interesting to go through various time-period charts. It gave a better picture how markets fared in which situation & why. I think market may be looking as if its on some sizzling plate and hope doesnt fizzle out. What ae the triggers, well, i dont know. But frankly speaking charts tell you the true picture.
Resis - 6074 / 6092 / 6127 / 6162
Support - 6037 / 6023/ 6008 / 5985
Well I am talking about markets here. I do not like to read technical charts the conventional. Of course I thank to the stalwarts who discovered the study of Technical Analysis. But as you may know charts are reprentation of data and in market the data is price. Theses prices, though people say are manipulated by someone, but according to me, you cannot do it overall. I know these are 'Maharathis' of markets who run a stock, but you can never miss the overall Human Behaviour to action of prices.
So, I also was enthralled to know my eagerness to learn Psychology. Well, all said n done, what matters is the result. Some may do it the easy way of mental calculations or somebody's help, whereas some may do the hard way of evolving their idea of reading the stocks.
Coming back to sharing my views on market, it was interesting to go through various time-period charts. It gave a better picture how markets fared in which situation & why. I think market may be looking as if its on some sizzling plate and hope doesnt fizzle out. What ae the triggers, well, i dont know. But frankly speaking charts tell you the true picture.
Resis - 6074 / 6092 / 6127 / 6162
Support - 6037 / 6023/ 6008 / 5985
charts always tells you the true picture of past and markets are always about the future.
ReplyDeleteyeah they are representation of data , As i said; but with help of some technical tools, they help you to predict the future market.
ReplyDeleteI think Chart reader should also take a look at company profile, its fin management and other relative factors. just neglecting the books of account (though its manipulated always) still gives you some clue and understanding of future of said company. Atleast to follow is, not to say, accounts are all humbug to follow in stocks, it creates blur image. Rather putting emphasis on charts and then a titbits of company profile, accounts are also always followed, creates steady and sharp image of chart follower......... Its my opinion. nothing to take personal. so Jus Chill..........
ReplyDeleteTechnical chart reader is a chart reader n not a fundamental analyst, as the name suggests. Ofcourse finding out companies to invest in, you need to know the ins and outs of its business. But I am a chart reader who selects highly traded stocks and gives my take on that. I very well agree with you that accounts are not hum-bug, but I AM not so good in reading the businesses of the companies. So i am not a fundamental analyst... I know u r helping me to be all-rounder but i think mastering one skill at a time , is pruduent
Delete