Blogs Posts on "Correction"

Stock Chart Pattern - Hero Honda Ltd (An Update) by Stock Market and Mutual Fund Investments in India on Nov 4, 2009Seven months back, when the rest of the market was trying to emerge out of a long bear phase, the stock chart pattern of Hero Honda Ltd was in a full-blown bull phase, looking overbought after moving up from 630 (in Jul '08) to almost 1100 (in Mar '0...

Dow Jones (DJIA) index chart pattern - Oct 30, '09 by Stock Market and Mutual Fund Investments in India on Nov 2, 2009The Dow Jones (DJIA) index chart pattern failed to reach anywhere close to the 10360 resistance level mentioned in last week's analysis. The weight of the 'reversal week' pattern, the low volumes and negative divergences - all contributed to a 2.5% (...

Stock Index Chart Patterns - Shanghai Composite, Hang Seng, Korea KOSPI - Oct 30, '09 by Stock Market and Mutual Fund Investments in India on Oct 30, 2009The chart patterns of many Asian indices made their bear market lows between the last week of Oct '08 and the first week of Nov '08. A year has passed, and it would be interesting to have a look at the long-term chart patterns. Shanghai Composite in...

INSIGHTS: 50 Years Of The Roller Coaster Ride by VIEWPOINTS OF A COMMODITY TRADER on Oct 16, 2009Richard Russell began publishing Dow Theory Letters in 1958, and he has been writing the Letters ever since (never once having skipped a Letter). Dow Theory Letters is the oldest service continuously written by one person in the business. Russell gai...

Should Indian investors switch out of Telecom Sector stocks? by Stock Market and Mutual Fund Investments in India on Oct 6, 2009Indian investors have several choices about investing in the Telecom Sector. But should they use the correction in the telecom sector stocks to jump in or bail out? Let us have a look at the players. There is the behemoth of fixed line services - MT...

Dow Jones (DJIA) Index Chart Pattern - Oct 2, '09 by Stock Market and Mutual Fund Investments in India on Oct 5, 2009In last week's discussion about the Dow Jones (DJIA) index chart pattern, I had warned about a larger correction due to the break of the up trend line and the weakness in the technical indicators. The concluding remarks were:- 'The Dow Jones (DJIA)...

BSE Sensex Index Chart Pattern - Oct 2, '09 by Stock Market and Mutual Fund Investments in India on Oct 3, 2009A trading week truncated by two holidays was expected to favour the bears. But the bulls, led by the FIIs, were in no mood to relent. The BSE Sensex index chart added another 2.5% for the week. But the volumes continued to remain on the lower side...

Stock Index Chart Patterns - Shanghai Composite, Hang Seng, Korea KOSPI - Oct 2, '09 by Stock Market and Mutual Fund Investments in India on Oct 2, 2009A holiday shortened week in the Asian markets allowed the bears an opportunity to further put the bulls on the back foot. Shanghai Composite index chart In 3 days of trading, the index closed 2% lower. Two down days on Sep 28 & 29 took th...

Dow Jones (DJIA) Index Chart Pattern - Sep 25, '09 by Stock Market and Mutual Fund Investments in India on Sep 28, 2009The previous week's Dow Jones (DJIA) index chart pattern was looking quite bullish. But the technical indicators showed negative divergences, and the fundamentals were not very encouraging either. It led me to conclude with the following comments:-...

Stock Index Chart Patterns - FTSE 100, CAC 40, DAX - Sep 25, '09 by Stock Market and Mutual Fund Investments in India on Sep 27, 2009Last week's analysis of the stock chart patterns of the European indices concluded with the following observations:- 'The stock index chart patterns of the European markets are showing buying exhaustion, which could lead to a correction. Part profit...