| Technical Analysis alone cannot identify the initial | | | | Analysis. A crash of the market may be seen as |
| primary trend andthinks that the start of the | | | | a bull decline and the startof a Primary Bull Market |
| Primary Bull Market is a bear rally. Converselythe | | | | may appear as a bear rally. Again the duration |
| start of a Primary Bear Market is seen | | | | ofthe Bull Phase or a Bear Phase is not known to |
| erroneously as a bull decline. | | | | Technical Analysis. |
| Stock Market Astrology sees these initial points in | | | | The British philosopher Schelling defined Intuition as |
| an intuitive flash ! Itis clear that Predictive | | | | " that faculty of the |
| Astrology can supplement Technical and | | | | Absolute, which perceives the Absolute as the |
| Fundamental | | | | Absolute ". In other words, |
| Analysis ! | | | | Intuition alone can see Reality. Aurobindo averred |
| We do not claim that all predictions of Stock | | | | that " behind thephenomenal world is the |
| Market Astrology will be centpercent accurate. If | | | | Transcendent Reality which Intuition alone can |
| it was so then astrologers would own half the | | | | see". |
| world. Wecan say that Probability for accuracy is | | | | It was Intuition alone which revealed the Ultimate |
| 70% ! While Mundane Astrology givesus the | | | | Reality to Aurobindo, |
| political map, Financial Astrology gives the | | | | Ramana Maharshi & Sankara . |
| economic picture of thenation. Technical and | | | | If Absolute Reality can be known by Intuition, |
| Fundamental Analyses are good diagnostic tools in | | | | why not stock market trends ? |
| thestock market. But they cannot attain | | | | Celestial causes for the rise of the Indian |
| perfection without Predictive | | | | economy |
| Astrology, which itself is another diagnostic tool ! | | | | Jupiter, the significator of finance, in India's lunar |
| Determination of Trends as per Dow Jones | | | | second, in the Houseof Wealth can only mean an |
| Theory | | | | economic boom. Rising GDP growth ( as per CMIE |
| Let us analyse how Dow Jones determines | | | | 8.5 % ), rising agricultural growth ( 4.3%), rising |
| trends. | | | | forex reserves ( $ 276billion ) and rising exports. |
| "Successive rallies penetrating preceding high | | | | Steel exports have risen to 47%, software |
| points with ensuing declinesterminating above | | | | 34%and auto 34%. . It is true that one negative |
| preceding low points offer a bullish indication. | | | | factor, Saturn in the 2ndrisingimports ) is |
| Conversely, failure of rallies to penetrate previous | | | | detrimental to the Indian economy. |
| high points withensuing declines carrying below | | | | Dow Jones Theory is not Infallible |
| former low points is bearish. Inferences sodrawn | | | | It is not an infallible system of beating the market |
| are useful in appraising secondary reactions and | | | | and its successful userequires serious study and |
| are of majorimportance in forecasting the | | | | the summing up of evidence must be impartial. |
| resumption, continuation or change of theprimary | | | | Thewish must never be allowed to father the |
| trend. A rally or a decline is defined as one or | | | | thought |
| more dailymovements resulting in a net reversal | | | | There are slight complaints that our articles are |
| of direction exceeding three percentof the prices | | | | too informative or toointellectual. What we have |
| of either average. Such movements have but little | | | | done here is to acquaint ourselves with the Dow |
| authorityunless confirmed in direction by both | | | | Jones Theory, which are the collective research |
| averages, but the confirmation neednot occur on | | | | findings of Charles Dow, |
| the same day. " ( The ABC of Stock Speculation | | | | Hamilton & Nelson and to incorporate Intuition, |
| ). | | | | which alone can determinetrends ! Right |
| What it means is that the Bear Phase is | | | | information is crucial to success. Adam Smith, the |
| characterised by falling resistanceand support | | | | father of |
| levels & Bull Phase vice versa ! | | | | Economics remarked that " there is no substitute |
| Theoretically nice, but all this is very difficult to | | | | for information. Themarket is not a roulette |
| implement. | | | | wheel. Good ideas and good research are an |
| Intuition alone can identify trends | | | | absolutenecessity in the market place ". We are |
| Determination of trends is the major factor for | | | | one of the best researched dotcomsin the world. |
| stock market success. Wefind that there is | | | | Stay invested and we will warn you about the |
| confusion in applying the principles of Technical | | | | dangers ahead ! |