QW25081985 wrote:hisah wrote:QW25081985 wrote:hisah wrote:youcan'tstopusnow wrote:[quote=hisah][quote=youcan'tstopusnow]Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86
So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama?

Not a double top yet. @ ycnt NOT yet a
double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void.
Huge sell volume on equity and all the banks .This inflation is really screwing us ...
QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead?
http://www.investopedia....ottom.asp#axzz1YgQGOtGW[/quote]
WOW !!!!!!!!!!!!!!!!!!!! hold it right there . have you even looked at your charts ..i dnt need theories . am a technical guy
Let the chart speak to you and LISTEN !!!!!!!!!!!!! . change to 5Yr for clarity
http://www.bloomberg.com...uote?ticker=KNSMIDX:IND[/quote]
OH. i see where the problem is i MEANT DOUBLE TOP. My bad ...lol