A BIG QUESTION ,,, WHAT IS TECHNICAL ANALYSIS ???

THERE was one simple answer...........an art to identify turning points ,is technical analysis.
My answer is a little modification.



""Technical analysis is an art to identify , HIGHER PROBABILITY turning points, with FLEXIBILITY in VIEWS and use of MULTI TIME FRAME charts to IMMEDIATELY turn around and  CATCH the opposite direction move, faster and better than all. ""


there, are one or two readers, out of thousands, who tries to post ugly comments on my blog. regarding my views,, and one reader says, why am i using words like if ..too frequently,,
my answer is simple...i am not god to be able to know, each moves precisely...am just trying to identify HIGHER PROBABILTY turning points,,,and with a system, which immediately signals me, if THAT SUPPOSED higher probability zone is getting negated.


For example...as on yesterday....looking at weekly charts, i feel that, MARKETS ARE GOING TO CRASH....but, the setup will fail, if on daily charts...within 2-3 days, nifty starts moving up from supports like 4960 around,,and by friday, say if it crosses levels like 5039--5079................................
than , using my intraday trading system, i will have a sure hint that..it can cross 5146--5213...so even before crossing 5146--5213, i would have started giving buy calls to my clients.


NOW, IN the other case, even if nifty breaches 4960..on a given day,,,i will never jump and start giving sell calls...i will wait for my system to generate sell calls on 5 minute charts, BELOW 4960.


this is how, i can ride moves on both ways.