Sensex Chart Updated for 02/02/2015

Sensex Chart Updated for 30/01/2015 EOD.....

Sensex Price Hit the Blue Angle on 29743 on 28/018/2015......

Blue Angle  has been a big resistance which we were monitoring closely......

Next on 29/01/2015 we could not reach that level.....

On 3rd day we we opened above the angle......

which was not sustained ..... hence a false breakout.......

We were cautious 3 days before..... as all 3 Indices were showing topping pattern.......

Now the big question is whether this is a top or not......

But the answer to that question can be given by my students..........

Forecasting is a method which has sound principles ........

Which is proved in past history........ can be used to predict the future.....

which is the scientific way of proving things in any field.........

Rest is the repetition of phenomenons  .... which gives you the confidence........

That's the True Logic of Forecasting....

Best example can be Patterns used by Technical Analysts........

what happens when patterns fails..... same happen here......

But when things go wrong ..........they go wrong big way......

This is where Gann Levels come in picture .......

You have a mental picture of markets ..........

which is very important to sustain in markets........

If you learn the system then its your's for Life.....

It becomes your second nature......

Then you can FORECAST with the SAFETY KIT.......

which is needed in major accidents...

which we all know as FIRST AID..... which is our STOP LOSS.......

If you forget the FIRST AID.... then you are bound to go into COMPLICATIONS.......

Complications in Market is LOSS OF CAPITAL.......

Which is a dampener for market participants.........

So study a foolproof system which you are fully conversant and

mainly have full confidence in it.......

Because only a SYSTEM will give you the PROFIT.......

NOT YOUR KNOWLEDGE...........

Please bear it in mind........



Happy Trading !!!