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Stock Market Part III Technical Analysis (AmiBroker)
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<blockquote data-quote="Thief" data-source="post: 11692125" data-attributes="member: 243930"><p>Because my Last Predictions were spot on i have decided to upload some charts that will decide the last few days of 2011.</p><p></p><p>21st December 2011 ASI closed at <u><strong><span style="color: Blue">5842</span></strong></u> and today it has got up to 5919 so what will happen tomorrow ? what will happen last week of 2011 ? well lets find out the answers.</p><p></p><p>Here is Intraday of 22nd December (today) </p><p><img src="http://oi39.tinypic.com/54jh2g.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p>In this Chart we can see today there is very little selling even though Volume is Low, After 12 we can see there is sudden interest in buying but can see very little selling here and there as well.</p><p></p><p></p><p></p><p>Now Lets see what is the Chart pattern we can see in our Market (ASI) at the moment </p><p><img src="http://oi43.tinypic.com/e0fy4g.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p></p><p></p><p>Now lets see ASI Last 6 Months Data </p><p></p><p><img src="http://oi44.tinypic.com/2jack7r.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p>This is pretty simple, ASI is about to break the Resistance line, but the problem is will it do so ? what happen if it fails to do so ?. well if we can see two or more Green days we are in for a super December and we can see a good bull run in the last few days of December and it will do good until early January as well, but if ASI fails to break the Resistance then ASI will go down until it find a Support Line that is 200 Points far from where we are now.</p><p></p><p>Lets Hope for the Best and Merry Christmas Guys</p></blockquote><p></p>
[QUOTE="Thief, post: 11692125, member: 243930"] Because my Last Predictions were spot on i have decided to upload some charts that will decide the last few days of 2011. 21st December 2011 ASI closed at [U][B][COLOR=Blue]5842[/COLOR][/B][/U] and today it has got up to 5919 so what will happen tomorrow ? what will happen last week of 2011 ? well lets find out the answers. Here is Intraday of 22nd December (today) [IMG]http://oi39.tinypic.com/54jh2g.jpg[/IMG] In this Chart we can see today there is very little selling even though Volume is Low, After 12 we can see there is sudden interest in buying but can see very little selling here and there as well. Now Lets see what is the Chart pattern we can see in our Market (ASI) at the moment [IMG]http://oi43.tinypic.com/e0fy4g.jpg[/IMG] Now lets see ASI Last 6 Months Data [IMG]http://oi44.tinypic.com/2jack7r.jpg[/IMG] This is pretty simple, ASI is about to break the Resistance line, but the problem is will it do so ? what happen if it fails to do so ?. well if we can see two or more Green days we are in for a super December and we can see a good bull run in the last few days of December and it will do good until early January as well, but if ASI fails to break the Resistance then ASI will go down until it find a Support Line that is 200 Points far from where we are now. Lets Hope for the Best and Merry Christmas Guys [/QUOTE]
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