Saturday, July 30, 2011

Simplicity is simply superb..

One of the most memorable case studies on Japanese management was the case of the empty soap box, which happened in one of Japan's biggest cosmetics companies. The company received a complaint that a consumer had bought a soap box that was empty.

Immediately the authorities isolated the problem to the assembly line, which transported all the packaged boxes of soap to the delivery department. For some reason, one soap box went through the assembly line empty. Management asked its engineers to solve the problem. Post-haste, the engineers worked hard to devise an X-ray machine with high- resolution monitors manned by two people to watch all the soap boxes that passed through the line to make sure they were not empty.
No doubt, they worked hard and they worked fast but they spent whoopee amount to do so. But when a workman was posed with the same problem, did not get into complications of X-rays, etc but instead came out with another solution.

Thursday, July 28, 2011

Nifty entering a most critical day of technical importance for the coming weeks & months with weakness.

"5435-5445" is a most important channel support (Add a small filter if you must. But a close below 5593 & 5655 gives a weekly & Monthly SELL tomorrow. And a close below WLEma would add to downward momentum.
Interestingly a close above the MLEma tomorrow would stretch this trading mode for some more time.
Prices have been rejected at 5690-5720 range as well as at 5600-5610 range.Until these levels aren't cleared, the weakness would soon turn into downtrend with momentum.
Market could pause at supports and go into a sideways mode till "US Debt event" is done with and take a direction. Our market's close tomorrow would, hopefully, give us the clue earlier.
So many systems studying for all kinds of readers. Take your pick. And in the process discover each studies' strengths & weaknesses.
For simplicity, stick to JNSAR with TT study to know the "Trending & Sideways market". Once you embrace it, questions will cease and peace would descend on you.

Nifty Intraday Update-III


Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

ST TA is in oversold. Ideal support zone is @ 5480-5495 and a bit lower around 5460. Beyond these, it would become difficult for Bulls to stage any come back.
Strength only above 5555 or on a close above DLEma & 5590 becomes a major resistance. Make your plans accordingly.

Elliot's Impulse waves.(Part-5)

IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....