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Island Top Chart Pattern

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Island Top Chart Pattern

Effect of Island Top Pattern

An Island Top is a bearish alert indicating a possibility reversal of the current uptrend to a new downtrend. This excellent pattern is a sign of a financial instrument’s SHORT-TERM outlook.

Story

The Island Top takes place whenever the price point “gaps” above a particular price range for a quantity of days, and also then is confirmed once the price “gaps” down below the initial number.

island-technical-analysis

Statistics–Tops
Percent of prospering formations – 77% Average decline of prospering formations – 21% Very likely decline – 10% Failure speed – 13% Average for you personally to throwback finalization -8 days

An Island Top Chart Pattern Instance.

Island-Top-Chart-Pattern

An Island Top Chart Pattern Example 

Island-Chart-Pattern

Message for you(Trader/Investor): Google has the answers to most all of your questions, after exploring Google if you still have thoughts or questions my Email is open 24/7. Each week you will receive your Course Materials. You can print it and highlight for your Technical Analysis Training.

Wishing you a wonderful learning experience and the continued desire to grow your knowledge. Education is an essential part of living wisely and the Experiences of life, I hope you make it fun.

Learning how to profit in the Stock Market requires time and unfortunately mistakes which are called losses. Why not be profitable while you are learning?

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Automation (Robots) Coming to China

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Automation and technology have wrecked havoc on labor markets the past 10-20 years, especially those in the developed West.  Yes there are exceptions such as Canada and Australia who have resource rich environments (i.e. North Dakota) but for most economies these massive shifts have changed the landscape fundamentally, and will continue to do so.   On the other hand, China has been the largest beneficiary of the shift in globalization but thus far has had little incentive for automation due to (relatively) low labor costs.  But that has been changing of late with wage pressure rising – so now automation appears to be coming to China as well.  Of course the balancing act of keeping enough work for hundreds of millions versus remaining competitive in cost structure is going to be one tough act for that country. But more broadly speaking it points to continued pressure globally on labor.

chinarobots

And More…

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Nifty Future Tips: Collapsing?

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nifty future tips

THOUGHT FOR TODAY 

Create Vision

Never believe anyone who says we cannot change. Vision is one of the secrets of personal transformation. We are all artists, our mind is the arena of creation and vision is what we are constantly creating. What is your vision of yourself today – patient, relaxed, positive or tense, tight and negative? What do you prefer? So be creative – what does patience look like, feel like, what are you doing that is different when you are patient and you are expressing your power to …wait? Always start with vision not action. See it and you will be it. Be it and you will do it. This is how we create our own life.

Nifty Future

(Updated on 07-12-2012 at 07.10 AM)

Yesterday morning, well before the market opening bell

I had written that Nifty Future had good support at 5870.

Just see how amazing our projection is.

Nifty future made low at 5870.10

and took U turn to close at 5970.65.

Break below 5957 Slide up to 5943-5936.

Crossover 5984 see NF moving higher up to 5997-6008.

5926-5913 good intraday support.

5890 crucial support.

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Engulfing Line (Outside Bearish Reversal) Chart Pattern

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“Technical Analysis Training”
This is the 8th Day course in a series of 60-Days called “Technical Analysis Training”

You will get daily one series of this Training after 8 o’clock night (Dinner Finished)

Follow MoneyMunch.com Technical Analysis Directory and Learn Basic Education of Technical Analysis on the Indian Stock Market (NSE/BSE)

Engulfing Line (Outside Bearish Reversal) Chart Pattern

Effect of Shooting Star

A strong Engulfing Line (Bearish) indicates a possibility end to the current uptrend up to a brand new downtrend. This excellent pattern is definitely an indication of a financial instrument’s SHORT-TERM outlook.

Story

The Engulfing Line (Bearish) takes place whenever the Real Body for a price bar is larger than the Real Body for the past price point bar. In addition, for a strong Engulfing Line (Bearish), the Real Body of the preceding session needs to be Green (close above open) along with the Real Body of the 2nd session need to be Red (close less than open).

Engulfing-candle

 

Factors That Supports

The real difference inside the dimensions of they Real Bodies can feel any important signal of the signifiance of the Engulfing Line. If in case the Real Body of the previous session is substantially lighter when compared to the Real Body of the following session then this pattern must be considered more significant. The enhanced the scale difference the more significant the creation.

The longer and much higher the inbound trend that leads directly into the Engulfing Occupation, the more significant the pattern.
Seek out heavy volume in the following session. A noticeable rise in volume from all the previous few sessions is a strong indication that it pattern is much more significant.

If the following session “engulfs” multiple session’s Real Bodies this excellent pattern is really significant.

Message for you (Trader/Investor): Google has the answers to most all of your questions, after exploring Google if you still have thoughts or questions my Email is open 24/7. Each week you will receive your Course Materials. You can print it and highlight for your Technical Analysis Training.

Wishing you a wonderful learning experience and the continued desire to grow your knowledge. Education is an essential part of living wisely and the Experiences of life, I hope you make it fun.

Learning how to profit in the Stock Market requires time and unfortunately mistakes which are called losses. Why not be profitable while you are learning?

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CENTURY TEXTILES LTD (Stock future) CMP 335-336 High 440 Today

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1. Personal Note

As I am writing these updates free of charge, I’d like to ask you one favor: Could you help me to raise my FREE subscriber base by forwarding this newsletter to all your friends and people who might be interested in, please ? Here is the link. THANK YOU!

2. Update

CENTURYTEX Tips
CENTURY TEXTILES LTD (CENTURYTEX Stock future) CMP 335-336 (NSE Future)

Arguments for lower prices:

  • Last two year’s low price 216 and last one year’s low 254.
  • This stock failed to take resistance 407-409.
  • CENTURYTEX is trading below of 444 Seller point.
  • Recession in Europe, slower demand from China and India.

Arguments for higher prices:

  • This stock fired to 440 today from support of 381.
  • Now, here is a great opportunity for Short term traders as 444

Conclusion:

  • Short Term traders can book profit at 339-346 as mentioned in chart.
  • Do you want to take short selling fresh position on 442 around…?
  • Next, you will see targets of CENTURYTEX future as 409-414 and
  • Suppose to break below 400… then again start free fall continue to 362-339

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Nifty Future Sure Shot for Intraday Traders

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nifty future calls

Nifty Future Tips

(Updated on 06-12-2012 at 08.10 AM)

If trades above 5947 will take NF up to 5959-5964.

5964-5970 is hurdle zone.

Crossover 5970 with volumes with sustained trading

for 15 minutes will take NF up to 5989-6008.

5928-5924 support for intraday.

5870-5890 crucial levels of support.

5820-5790 major support.

3 consecutive +weekly closing above 6010

will drag Nifty Fut up to 6093-6203

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