Today is an evening star

[oguru]

1)u guys do know that we ended the week higher.
2)we ended at new 52 week highs this week.
3)nifty ended with 13+ point premium.
4)5200PE has been written aggressively.
5)earnings season is about to begin(most companies will post gains)
6)also a 14 point drop should not be termed as red friday.or else i will point u to monday and tuesday...

now if u still wanna go short then do so at ur own peril....

Aditya,

What ever I posted is based on candlesticks. If you know candlestick, you will understand what the significance of DOJI and a Doji in a evening star. Please read my posts one more time. Did I ever said its a Red Friday ? But I agree that I said the downfall will be strong.

Eagerly waiting for what you are going to point on Monday and tuesday.

 

[surya_sun]

What happened yesterday was a spinning top, which has length of Just 3.35 points with Upper shadow of 28.5 and Lower shadow of 18.1. This forms a very Thin spinning top, even it has the effects of a DOJI. In other words, The down fall which is going to happen will be very strong.


@Mods /@ Admins,

Is it ok if i paste the url for our Blog in this thread ?

There are confusing messages across the spectrum (leaving the TA). now the questions is it going to be up (say around 5400+) and then down or down from here-on-wards??
I think you can paste the URL coz., I have seen in other threads but it was for referring to neutral URL (ie not one's own URL) but better to PM to those who requested.. I read urs and it's good. keep it up.

 

[vinnie]

Finally! -- Evening star continued it's magic today (Attached updated image).... Thanks to OGURU for the awareness and truth distribution in this untruthful world. So!! since earning season are on bucket this week, is it going to spill out water or let the rise continue to stay till bucket's edge.

Now the real question is - if at all the season is showing profitable for companies.. is it a right level to get into the market? As in past few weeks without any fundamentals market was lifted 100 - 150 points everyday and now the fundamentals are in place, still there is a hope for cautious optimism:clap:.

If Aditya is reading this reply he probably need to check out the graph and see what evening star has really done. Also he can evaluate the points he mentioned and see if it really progresses with market trend. And to late we need to know that whether it's ultimately going to cause... a HAVOC, widespread damage, destruction, devastation, ruin, wrack and ruin, disaster, catastrophe, cataclysm, ruination, chaos, disorder, calamity, upheaval.

I believe the question remain answered till everybody / anybody get a real feeling of the evening star.

Happy Lucky Trading!!!

 

[aditya14]

Finally! -- Evening star continued it's magic today (Attached updated image).... Thanks to OGURU for the awareness and truth distribution in this untruthful world. So!! since earning season are on bucket this week, is it going to spill out water or let the rise continue to stay till bucket's edge.

Now the real question is - if at all the season is showing profitable for companies.. is it a right level to get into the market? As in past few weeks without any fundamentals market was lifted 100 - 150 points everyday and now the fundamentals are in place, still there is a hope for cautious optimism:clap:.

If Aditya is reading this reply he probably need to check out the graph and see what evening star has really done. Also he can evaluate the points he mentioned and see if it really progresses with market trend. And to late we need to know that whether it's ultimately going to cause... a HAVOC, widespread damage, destruction, devastation, ruin, wrack and ruin, disaster, catastrophe, cataclysm, ruination, chaos, disorder, calamity, upheaval.

I believe the question remain answered till everybody / anybody get a real feeling of the evening star.

Happy Lucky Trading!!!

ok lets see

 

[Talon]

The fundamentals of the US(world) are very fragile, there are still n number of banks daily closing and the financial crisis is not still solved and we are again in the same stage as we were in Jan 2008, but still the situation is projected as things are getting better and better.
There are three types of players
1.The uninformed(Who always gamble)
2.The informed(Majority of the players are in this category, who are deceived by media for the benefit of the rich and elite, and even most of the media themselves are deceived by leading media, and without their knowledge they are propagating the hidden agenda of media leaders)
3.These are the players who read between lines, look beyond the oblivious,and Index chart is one of the tool to read between the lines.
Evening star is exactly one of the guiding star which says there's a danger ahead.
Talon.

 

[rajputz]

Most of the Candle Stick chart pattern doesnt work most of the time. so just concentrating upon it is also a bad thing. you should have atleast one supporting indicator with you....may it be rsi, stochastic or volume alone. Even if majority of sharees in nifty are felling then there are also some which are rising against the market

 

[oguru]

Most of the Candle Stick chart pattern doesnt work most of the time. so just concentrating upon it is also a bad thing. you should have atleast one supporting indicator with you....may it be rsi, stochastic or volume alone. Even if majority of sharees in nifty are felling then there are also some which are rising against the market

@ rajputz,

Thanks! actually we are doing comparative analysis of Candlesticks and stochastic along with volumes as well. Though candlestick patterns are not easy to learn at initial times, Once it is learn, Its very easy to indicate the patterns.

I have to disagree your statement that says "Most of the Candle Stick chart pattern doesnt work most of the time". I would say 95% of the times It works very well. We at optionguru, preparing a series of articles on weekly, monthly and yearly historical candlestick patterns and daily EOD candlestick analysis.

I will post all articles in this community as well. After reading them if you say "Most of the Candle Stick chart pattern doesnt work most of the time", lets analyze it.

Example :

Last 40 days graph shown 4 Primary reversal patterns and one secondary reversal pattern.

Refer this

 

[rajputz]

@ rajputz,

Thanks! actually we are doing comparative analysis of Candlesticks and stochastic along with volumes as well. Though candlestick patterns are not easy to learn at initial times, Once it is learn, Its very easy to indicate the patterns.

I have to disagree your statement that says "Most of the Candle Stick chart pattern doesnt work most of the time". I would say 95% of the times It works very well. We at optionguru, preparing a series of articles on weekly, monthly and yearly historical candlestick patterns and daily EOD candlestick analysis.

I will post all articles in this community as well. After reading them if you say "Most of the Candle Stick chart pattern doesnt work most of the time", lets analyze it.

Example :

Last 40 days graph shown 4 Primary reversal patterns and one secondary reversal pattern.

Refer this

I dont completely say that i disagree with you....candlestick do work but i think from individual to individual cause of emotional phsychological decision we take while trading...these decisions are nthng but some visual aids that only we know....i mean that there is some reversal pattern you see then u just dnt act on that reversal but ur insight expeience of trading tell you some extra danalysis with that particular pattern....so considering this every person interprets the candlesticks diffierently...

 

[AW10]

Here is the findings from Bulkowski who has done extensive reserach on all kind of chart patterns / candlestick patterns.

Theoretical performance: Bearish reversal
Tested performance: Bearish reversal 72% of the time
Frequency rank: 71
Overall performance rank: 4
Best percentage meeting price target: 50% (bull market, up breakout)
Best average move in 10 days: 8.77% (bear market, up breakout)
Best 10-day performance rank: 4 (bear market, up breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts

You can read more of this directly on his site.
http://thepatternsite.com/EveningStar.html

And Evening start is 3 bar pattern. Surprised that this thread is telling evening star based on 2 bars.. without waiting for 3rd bar. That means it was anticipated evening star. And till today, the evening star is not clearly made cause it needs tall body on left and right and small doji on the top.

Guys, plz read candlestick and go in depth of it. To the best of my knowledge, maximum
Chkout the site give above and don't get surprised when u find that the success rate of small doji candle is just 52% quite contrary to OGuru's claim of 95%.

Happy REALISTIC Trading.

 

[rajputz]

You rightly said it sir, i also forgot that evening star needs a full bar on the left and right and the doji in middle and above....viceversa for morning star