tag:blogger.com,1999:blog-2278954066508341391.post3587804749471582721..comments2023-11-15T12:37:54.936+05:30Comments on Indian Stock Markets: Beginning of an end?… Update for 07 May 09S S Cheemahttp://www.blogger.com/profile/08648402715597232403noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2278954066508341391.post-34831264729973240662009-05-07T09:25:00.000+05:302009-05-07T09:25:00.000+05:30Nikesh: Hi and thanks for the compliments. Nikesh ...Nikesh: Hi and thanks for the compliments. Nikesh I have tested is on last two years charts - took me better part of two hours to go over the charts.<br /><br />You must understand that technicals by nature is looking for the patterns in the past and thereafter waiting or expecting to replicate themselves in the present conditions. So technicals - whatever one may say are backward looking. That said the in the past the success rate of this strategy was impressive. Low false indications and fairly good returns by finding trends.<br /><br />I presume that you know what 315 is, after that see when it generated a buy signal on let us say nifty... If generated that signal on 16th march and a sell signal day before... that is a crazy 900 point run on nifty. If you go further and believe in pyramids then you would have collected another one lot en route- a crazy 60k you should have made - take out 10 k for hedging (I am shit scared of naked positions) 50 k is not bad is it?<br /><br />And sorry there can be nothing that peaks in future - otherwise I would have bought my dream car - benz a long time back<br /><br />cheers.S S Cheemahttps://www.blogger.com/profile/08648402715597232403noreply@blogger.comtag:blogger.com,1999:blog-2278954066508341391.post-58261529927870214272009-05-07T08:14:00.000+05:302009-05-07T08:14:00.000+05:30I respect your blog much as you atleast giving som...I respect your blog much as you atleast giving some of your understanding on the market with some sort of technical analysis which seems some valid. Although trading on technical (MACD, RSI, AM, STOCH) and that too on nifty is most daunting task in the world.<br /><br />Anyways....<br /><br />The reason i worte this comments is that I think you understand how to test any strategy. You have put here 315 strategy and that's looking very awesome on last 2 months.. :) But have you tested the result on 10 years horizon? What are the result on those 10 years horizon?Nikesh Goyalhttps://www.blogger.com/profile/06731163598947140174noreply@blogger.com