Archive for January 17th, 2010

Channels.India – IT completing minor impulses

SUMMARY: DLF DAILY (DLF) Prices continue to move in a sideways action sub key resistances at psychological 400. HDFC BANK DAILY (HDBK) Prices seem to be in a corrective structure down which could push lower till psychological 1,600 before anything. HDFC DAILY (HDFC) Prices are still in a complex sideways corrective structure. Key support levels lie at 2,450. STATE BANK OF INDIA DAILY (SBI) Prices are in a sideways correction which should hit some support soon. Key levels lie at 2,100-2,060. ICICI BANK DAILY (ICBK) The sideways corrective structure seems to have a pending (z) leg down which could push lower till psychological 700 levels. Performance cycles are also heading to a performance bottom. TCS DAILY (TCS) Above psychological 800 we continue to look higher till next resistances at 850 in the fifth leg up. INFOSYS DAILY (INFY) Prices are completing the minor impulse up. Key resistance levels lie at 2,700-2,800. M&M DAILY (MAHM) Prices pushed higher till key resistances at 1,200 levels in the final fifth wave up. Performance cycles are topping, suggesting further underperformance of M&M for the weeks ahead.

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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

CHANNELS.INDIA is our second perspective product published on MONDAY, WEDNESDAY and FRIDAY. The report uses conventional technical tools and covers most top traded stocks. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.INDIA, CHANNELS.INDIA are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers the other mid cap and small cap stocks also. CHANNELS.INDIA carries the Early Economic cycle sector components, which includes FINANCIAL and DISCRETIONARY sector stocks, the Mid Economics cycles sector which includes INDUSTRIAL sector stocks and the Late Economic Sector cycle including ENERGY, STAPLES, UTILITIES, PHARMA, CHEMICALS sector stocks. REUTERS EARLY ECONOMIC RICS DLF.NS, HDFC.NS, HDBK.NS, ICBK.NS, SBI.NS, INFY.NS, TCS.NS, MAHM.NS, UNTE.NS, TITN.NS REUTERS MID ECONOMIC RICS ASOK.NS, TAMO.NS, CROM.NS, BHEL.NS, LART.NS, MTNL.NS, IDEA.NS, BRTI.NS, RLCM.NS, TATA.NS REUTERS LATE ECONOMIC RICS ONGC.NS, RLIN.NS, NTPC.NS, ACC.NS, HALC.NS, TISC.NS, ABUJ.NS, CIPL.NS, RANB.NS, ITC.NS

ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS – USA


The Nuclear Decay

Nuclear tests have been conducted from July 1945. Trinity was the first fission device test, first plutonium implosion detonation in the United States. Since then we have seen a series of tests globally with more than nine countries conducting them. The latest one was conducted by North Korea in May 2009. This was the first successful fission device tested by the country.

Nuclear threats are a reality and a cause of concern for the global community. But is this more a factor of free will and arms race? Or are there intricate time patterns between peace and war that dictate the social mood and the events that result from that social behavior?

Patterns of time decay can be seen in this social phenomenon too. Power law practitioners may illustrate that the rule should hold in the number of tests and it does as the decay in Yield suggests. However, why does the same Pareto curve rule hold when we plot the number of days between nuclear tests? There should be something that the practitioners are missing here?


Time is a social construct and we see time through the life and nature around us. Understanding time can not only give a unifying theory to research of a few thousand years, but also help us understand the world we live in. Time evolves, oscillates and continues. Time comes before everything, but we don’t see it. We just feel it. We believe what we see and this is why understanding what is not visible is a challenge.

Nuclear tests are not a creation of autocratic leadership, it’s a result of the changing time, which causes a need to break walls and sometimes build them back.

ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS – USA

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