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[18 Sep 2011 | No Comment | 2,590 views]
Nifty Weekly Technical View for Week Starting 19 September

The market will reward your discipline.  Let’s face it, the market is one disciplined son of a gun.  When it says it is going to crush the bears with their death cross and the bulls with their golden cross it does.  When the market says a bearish economic report does not matter I am going higher anyway it will.  When the market says that cute little support line you drew is nothing but “a lead pencil and I am an eraser”, then erasing it will go.  Stick to a discipline …

Must Read Articles for traders, Trading Strategies »

[17 Apr 2010 | No Comment | 1,706 views]
Chart Pattern -I

Double Tops:
A double top is a reversal chart pattern which is defined by a chart where a Stock makes a run up to a particular level, then drops back from that level, then makes a second run at that level, and then finally drops back off again.
In its most basic sense what the double top pattern is saying about supply and demand forces is that demand is out pacing supply (buyers are winning) up to the first top causing prices to rise, and then the …