His account of how he survived is fascinating. His ingenuity -- how he managed to catch fish, how he fixed his solar still (evaporates sea water to make fresh) -- is very interesting.
Saturday, September 3, 2011
Every time trouble strikes you, say these words...
In 1982 Steven Callahan was crossing the Atlantic alone in his sailboat when it struck something and sank. He was out of the shipping lanes and floating in a life raft, alone. His supplies were few. His chances were small. Yet when three fishermen found him seventy-six days later (the longest anyone has survived a shipwreck on a life raft alone), he was alive -- much skinnier than he was when he started, but alive.
His account of how he survived is fascinating. His ingenuity -- how he managed to catch fish, how he fixed his solar still (evaporates sea water to make fresh) -- is very interesting.
His account of how he survived is fascinating. His ingenuity -- how he managed to catch fish, how he fixed his solar still (evaporates sea water to make fresh) -- is very interesting.
Friday, September 2, 2011
Nifty closes above the 1st target of 20sma.
During uptrend in daily time frame which is relevant to short term traders, the overbought conditions gets sold into and the first support they find are DHEma(4995) & 10-15 points below HLEma(5003-10=4993).
Till a close indicates a sell, such overbought conditions could be traded.
The first indication of weakness emerges when it starts to trade below the Pivot. Today the weakness appeared when Nifty moved below 5053(1.00PM Pivot). The weakness remained as an intraday action as it found the first supports holding.
Till a close indicates a sell, such overbought conditions could be traded.
The first indication of weakness emerges when it starts to trade below the Pivot. Today the weakness appeared when Nifty moved below 5053(1.00PM Pivot). The weakness remained as an intraday action as it found the first supports holding.
Nifty has managed to close above Hour/Day & Week Pivots. Weakness would be a trade below 5038/5033/4970.
Nifty Intraday Update-III
These 5-min charts' divergences have resulted in small 'drops only" so far as Hour & Day hasn't reversed yet.
Wednesday, August 31, 2011
Tuesday, August 30, 2011
Nifty Intraday Update-I
Always look for support numbers developing in the TT. Also keep updating the Fibonacci retracement table for possible supports.
Nifty PreMarket View.
"Pick out the numbers from the TT that are likely targets for the day - 5015-R2; 5023-WEma..
Being the last day of the month, Bulls might want to do the "least they can attempt" is to try & close above next month's pivot-5064(developing & approx).
Being the last day of the month, Bulls might want to do the "least they can attempt" is to try & close above next month's pivot-5064(developing & approx).
For supports, DHEma, if gaps up & WEma-4908.
Try & Keep the "emotions out" & keep looking ahead, having firmly present in what is happening NOW.
Monday, August 29, 2011
Nifty PreMarket View
Trend is down in all time frames. There is a bullish "Falling wedge" bottom formation for the short term if 4650 is held today.
JNSAR is down and so do most classic TA parameters but most of them in Oversold area and a few with +ve div.
EW study suggests the last of the lows is likely around 4600-50 for the short term(If not done already) to complete the "iii"rd wave to be followed by a "Range trading for 2-3 weeks" (Not a major reversal yet).
RIL shows an "Inverted Hammer pattern" in its weekly chart but the same requires follow up confirmation.
For the day, if Nifty stays below & resisted around 4780-4810, it would again seek a newer low(4690-700).
JNSAR is down and so do most classic TA parameters but most of them in Oversold area and a few with +ve div.
EW study suggests the last of the lows is likely around 4600-50 for the short term(If not done already) to complete the "iii"rd wave to be followed by a "Range trading for 2-3 weeks" (Not a major reversal yet).
RIL shows an "Inverted Hammer pattern" in its weekly chart but the same requires follow up confirmation.
For the day, if Nifty stays below & resisted around 4780-4810, it would again seek a newer low(4690-700).
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