CMP: 5000
A pic is worth a 1000 words. And a simple EMA based system is worth a 1000 smiles !!
So today.. i will leave u wid a simple chart... make ur own meaning of it & these words
1. In trends --> EMAs will outperform SMA
2. EMA is an INFINITE IMPULSE RESPONSE FILTER
3. SMO SAR is based on MULTI-LEVEL Low pass Filtering (removes HiFreQ noise)
The Next level in TA, would be...
1. Use of FIR filters (SMA, WMA) in correctives ; and
2. Switching over to EMA / other IIR Filter mode in Trends
And I am absolutely chuffed coz today, was one more occassion to say
TREND IS UR ONLY REAL FRIEND & MATHS NEVER LIES !
cheers
A pic is worth a 1000 words. And a simple EMA based system is worth a 1000 smiles !!
So today.. i will leave u wid a simple chart... make ur own meaning of it & these words
1. In trends --> EMAs will outperform SMA
2. EMA is an INFINITE IMPULSE RESPONSE FILTER
3. SMO SAR is based on MULTI-LEVEL Low pass Filtering (removes HiFreQ noise)
The Next level in TA, would be...
1. Use of FIR filters (SMA, WMA) in correctives ; and
2. Switching over to EMA / other IIR Filter mode in Trends
And I am absolutely chuffed coz today, was one more occassion to say
TREND IS UR ONLY REAL FRIEND & MATHS NEVER LIES !
cheers
If 4940 goes on Week Closing basis..
ReplyDeletewe may head to 4500 & lower in a hurry ... Close < Dev. 5Mnth Lo-EMA is V V BEARISH
Keep an eye out on these words !!
So Friday Close must be>4940 for survival of bulls.
ReplyDeleteSir request you to post SAR figure also daily.
Dear Raju,
ReplyDeleteSorry, ysday was v late wen i updated the blog...
SMO SAR for EOD today is = 5050
Above this , 5DEMA dy/dx become +ve
And as said, if 4940 holds, we can get a good bounce...
rgds
cheerzzzzzzzz
ReplyDeletesir ji