@Hisah, I can see we are on the same page. I don't do much in the way of TA but over time (I guess through trial and error) you get a feel of the market. I bought heavily last week, so the bounce is very welcome.

i third that, i also look for these bounces. Though i dint buy at the very bottom. I pulled the trigger abit early. Mwanahisa, i get what you are saying, i dont do TA, but i have that feel of the market too, due to constant scrutiny. Your co-op is already doing very well.

My take is that TA creates little value when trading/investing in NSE equities market.

Reason... small market hence its inefficient and responds irrationally in the short term. Fundamentals, when analysed well, take care of the long term quite satisfactorily.

TA does not adequately capture "sentiments" which I believe play a much larger role here than say in NY or JSE. This requires a more qualitative approach...

I think what can pass for valuable TA is mapping the seasonal cycle (eg. january when people pay school fees ) of the indices and then imposing other "events" such as corporate announcements, elections, drought, inflation, money market activities (eg. bonds issues) etc.

I also think trading on the NSE has not been "invented" yet... traders (sometimes myself) just speculate without any proper research / TA...

@GK you are right on one or two things...the NSE is truly driven by sentiment...very few people who buy shares at the NSE know what theyre doing thats why u see the market tends to be overvalued at times because people will keep on buying and buying as long as the share is rising and do vice versa when the share is falling.

On the issue TA it works on the NSE...you just have to know how to apply...i use it when entering and exiting counters...also when i want determine the overall trend of the market or a specific counter...but rule no1 you have to know the fundamentals of the stock.

Those of the way of the "We" LL