What we have seen in 2016 from January to date has been a textbook Bull market.
I made a Video Book at the start of the Year titled Science of Stock Price Action. The idea was to document the price action concepts and then demonstrate the application of those concepts through Live Charts. I know many of you find charts little overwhelming and the whole idea was to make it simple. One viewer who went through the videos has this to say -
P.S.: I am addicted to charts now, something I used to run away from 🙂
I know there are many skeptics...and they say Charts don't drive the markets. They are right
Charts do not make or break markets. They only monitor markets. It is the Fundamentals and Human Behavior that makes or break market
— Deepak Singh (@smarket) February 12, 2016
Charts don't predict the future but it does tell you the current state of the market - "As is", which helps you understand what market is trying to price in. One of the most important skill you learn when you are looking the market through the charts: "What You see is the FACT". There is a saying - Charts don't Lie.
When market broke down around middle of January - this is what I tweeted based on concepts of Science of Stock Price Action:
What has happened to the market?
The floor has disappeared...floor main gaddha pic.twitter.com/HVmXmiizNC
— Deepak Singh (@smarket) January 15, 2016
Nifty declined from 7540 to 6900 between middle of Jan and Feb 12 2016.
Can Charts tell you the bottom?
Absolutely not. But it does tell you whether Bull market is intact or not. How? In Bull markets - people buy the dips and buy when stocks reach long-term support levels. Then based on this price action concept - Nifty gave a Buy signal on Feb 12 2016 and I shared the same
In case you missed it - Nifty is right now standing at the ULTIMATE support level https://t.co/ye533VhNMN
— Deepak Singh (@smarket) February 15, 2016
Just see how market has rallied from that support
People do ask what changes that market behaves like this...well if you follow Science of Stock Price Action, you will never ask this question.
People ask why markets are tanking...what has changed.
Do you know what has changed?: The thought process of market participants
— Deepak Singh (@smarket) February 10, 2016
Here's why it pays to follow the price and not the opinion
The beauty of the market is that you can come up with Bullish and Bearish view at the same time with brilliant and logical arguments
— Deepak Singh (@smarket) February 22, 2016
If you want to explore a new world of financial markets through charts - I invite you to buy "Science of Stock Price Action" and explore the new world.
I love charting. I am challenged by charting. I am entertained by the charts.
— Peter Brandt (@PeterLBrandt) July 28, 2016
Science of Stock Price Action
There is a logic that stocks follow when they make big moves. I have tried, to sum up, those concepts in a methodology called Science of Stock Price Action.
Do these concepts work all the time? Absolutely not. But when they work - they reward in a big big way. There are many factors at play primarily the overall market environment. The objective of my website is to put forward many Live case studies before you so that you can learn how these patterns work and why sometimes they fail too. The whole idea is to illustrate and make you understand the whole logic behind it.
If you find my work interesting - I will encourage you to buy the book and access Premium Case Studies. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it.
Price: INR 3500. Video Book + The access to all new chapters (Premium Case Studies) for next 6 months
Video Book developed by Deepak Singh (firstname.lastname@example.org)
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers