charts/tape reading

The market doesn't care what I or anyone else says.
The market is the final authority of profits or losses.
That's why it's smart to listen closely to what the market has to say.

One way to look at is ignore noise (news) and focus on charts as the resistance/support/hammer/volume is how the market is saying what it wants to say.

Thursday, December 8, 2011

update

will wait on the sidelines till many factors lineup...I don't see any compelling reason to trade technically(looking at charts). Markets getting spooked [see the VIX, it's ratios of puts to calls; which measures volatility, is trending up from yesterday] over tomorrow's meeting in Europe...
Posted by at 7:50 AM

1 comment:

  1. AnonymousDecember 12, 2011 at 8:14 AM

    he raj,

    nice effort..this is adwait..hope you rem3ember me from good old RBC days..

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