Pdf - Association of Technical Market Analysts.

CONTENTS

Letter from the President - Page 2

Editor’s note - Page 3

Poles : Important P&F setup by Prashant Shah - Page 4

RSI, A better Oscillator than MACD by Rajat Dutta - Page 8

Phi trend trading system by Sujoy Sikder - Page 12

Can Oil be an Investment forever by Sumeet Jain – Page 15

Advanced Trading strategies – Book review by Sahil Vijay - Page 17

Past and Present Events – Page 20
This newsletter is produced by the Association of Technical Market Analysts. All comments and editorial material do not necessarily reflect the organization's
opinion nor does it constitute an endorsement by the Association of Technical Market Analysts or any of its officers, of any products or services mentioned. Sources
are believed to be reliable at time of publication, but not guaranteed. The Association of Technical Market Analysts and its officers, assume no responsibility for
errors or omissions.
DECEMBER 2014
ATMASPHERE | 1
LETTER FROM THE PRESIDENT
Dear Colleagues,
Greetings of the Festive Season! May the coming New Year, 2015, bring each of us to accept change even more so & embrace new beginnings with greater
warmth. May the creative best in each come out, since we are, at least in the context of equities, in unchartered waters in majority of the world's markets.
Yet, in embracing change and in welcoming creativity, it is useful to carry with us the cherished values of integrity, ethics and professionalism. The same
way that a balance between the ego & the id brings by an achieving professional, I have come to believe a similar balancing approach between modernity &
tradition, between innovation & standards, between conventional & the path-breaking help turn effort into achievements.
Here's to all the readers of the ATMAsphere, their families, colleagues & dear ones, a Very happy New Year 2015!
Sincerely,
Sushil Kedia
2 | ATMASPHERE
DECEMBER 2014
EDITOR’S NOTE
In this issue 1. Prahsant Shah illustrates a powerful method of taking trades based on poles in point and figure analysis, a timeless price representation
2. Rajat Dutta gives his take on the age old debate about finding the better indicator between RSI and MACD.
3. Sujoy Sikder makes his debut on ATMAsphere with a great first article about divine geometry and explains the system made from it.
4. Sumeet Jain tries to make a reality check, about the concept of forever in the investment world by stating the example of crude and can it or anything else
be an investment forever and after that.
5. Sahil Vijay explicates Lawrence O Connor’s book “Advance trading strategies”.
ATMAsphere is your platform to learn & to teach. In fact, when you teach you learn better by handling curiosities of younger minds. So do write out to me
sending in your articles and we can all learn from each other. We await your feedback on ATMASphere. Please let us know what we can do to deliver content
that meets your needs by sending an email to editor@atma-india.net. You can also subscribe to ATMASphere completely free by clicking here.
Sincerely,
Gunjan Duaa.
DECEMBER 2014
ATMASPHERE | 3
Pole is a reversal pattern and there are two types of poles.
1) High Pole - Bearish reversal pattern
2) Low Pole - Bullish reversal pattern
Poles: Important P&F setup!!
Point & Figure is known as the oldest method of charting. It doesn’t take
time or volume in to account, but plot the price in the form of ‘X’ and ‘O’
that represents uptrend and downtrend respectively.
P&F patterns are objective, well defined and relatively easy to read. Double
Top Buy and Double Bottom Sell signals are the basic buy and sell patterns
of P&F charts. These are shown in Image 1 - Combination of these basic
signals, generate various trading setups. Pole is another formation that is
very important to understand but is mostly ignored by the practitioners
due to its assumed complexity.
In the Image no.2 both the formations are shown. Pattern rules for High
Pole are as follows:
1) Double Top Buy Signal
2) Breakout column of 'X' rises by least 5 boxes above high of previous
column of 'X'
3) Immediate column of 'O' that retraces breakout column of 'X' by 50%
Pattern rules for Low Pole are as follows:
1) Double Bottom Sell Signal
2) Breakout column of 'O' falls by at least 5 boxes below low of previous
column of 'O'
3) Immediate column of 'X' that retraces breakout column of 'O' by 50%
Pattern explanation
4 | ATMASPHERE
DECEMBER 2014
Pole pattern is completed the moment 50% retracement happens. Authors
have different opinions on this formation and methods of trading it. Some
want 5 boxes and some are comfortable with 3 boxes more than previous
column extreme. Some talk about congestion required before the
formation though they apply subjectivity while defining that congestion.
There are also various discussions on 'entry' based on this pattern and
different exit rules to trade it. Few have ignored this setup completely. But
I believe this is very important setup to understand from trading point of
view.
Trading Poles
More than entry, it is a pattern that calls for exit. Which is according to me
is the most difficult and critical element of trading and systems. P&F gives
definite rules for exit. One shall not remain long in the trade if a Basic sell
signal or High Pole is occurred. One should exit all Shorts if Basic buy signal
or Low Pole has been formed.
uptrend. They represent price correction (not sideways) and it is usually
healthy in overall uptrend. Hence more assessment or some sort of
confirmation is required to decide entry. But Pole also indicates weakness
in trend if sustained. It can be filtered with trend lines and number of
occurrences above trend line. Like more than 3 occurrences indicate
exhaustion etc. But there is no point in making it unnecessarily complex &
subjective. I have another method to define it in a simple manner using
P&F objectivity.
What happens after Pole helps us in assessing the setup for entry. Followthrough shall happen if reversal has got the strength. In simple words,
Enter Long upon Basic Buy signal after Low Pole. And Enter Short on Basic
Sell signal after High Pole. Image 3 explains the setup.
The reason I call it important setup from trading point of view is that there
can broadly be two types of trend reversals. Either 'M','W' shapes or 'V'
shapes reversals. 'M','W' will be triggered by basic signals and 'V' shape will
be handled by Poles. Strong trends don’t witness a correction at times and
produce large columns. The Trader, who follows only the basic signal will
have his stop placed too far in this scenario and eradicate all profits if it is
triggered. Pole comes as a savior to handle these kinds of scenarios.
Poles are 'Exit' pattern hence one should exit the trade the moment Pole is
occurred that happens at mid value of previous long column. Stop on
'Entry' based on Pole patterns are generally wide and not very easy to
follow. Few authors suggest entry upon formation of Pole with the stop
placed at column reversal because waiting for negation of Pole will make
stop placed too far and unaffordable.
This setup provides very nice and logical formation for entry. It also gives
favorable risk reward ratio and produce column eligible to plot vertical
count that make us aware of count direction as well. Please note that Basic
signals need not be followed immediately after Pole. Sometimes they occur
after some congestion that helps in timing the trade with risk reward in
favor. This is explained in Figure 5 of Bank Nifty P&F chart.
But I don't find it useful setup for entry. Just like bearish candlestick
patterns or negative divergences, High Poles also keep occurring in an
DECEMBER 2014
ATMASPHERE | 5
Examples
Figure 1 is P&F chart of AL BK that show Low Poles in Blue Square along
with counts and trend lines applied from them. Figure 2 is Rcom P&F chart
that shows High Pole with vertical counts applied from them & it also
explains entry and stop from High Poles as per our discussion to follow
subsequent basic signals. Figure 3 of Bank Nifty is perfect example of how
rule of waiting for basic signal after Poles can help us in time the trade
well. Figure 4 is Tata steel chart that shows Negation of Pole and entry
after formation Low Pole. All charts are recent daily 3 box reversal P&F
charts plotted with 0.25% box value.
6 | ATMASPHERE
DECEMBER 2014
Negation of Poles
Negation of Pole is an example of Pattern failure. High Pole is negated
when highest box value of formation is breached. Same way, Low Pole is
negated when low of the formation is broken. As they say, pattern failure is
pattern in itself and provide evidences for and against the trend.
“Prashant Shah is a Chartered Market Technician (CMT) and a Certified
Financial Technician (CFTe) awarded by Market Technicians Association
(MTA) and International Federation of Technical Analysts (IFTA)
respectively. He is practicing trading and analysis since more than 10 years
now and working extensively on timeless charting techniques. He can be
reached at @prashantshah267 or prashant.shah26@gmail.com.
P&F patterns are product of Box values. Poles lose the importance when
higher box values are used. It should be ignored or rule of 3 box can be
applied in such cases.
If column of 'O' in case of High Pole generates Double bottom signal in the
same column then I call it an engulfing column because it is a case of
immediate retracement of more than 100% of previous move. High Pole
immediately followed by Low Pole or vice versa is known as Opposing
Poles. These setups need separate discussion.
Poles complete the exit setup of P&F. And help us in exploring various
patterns & their combinations for entry. Even back testing becomes handy
due to definite exit criteria.
DECEMBER 2014
ATMASPHERE | 7
RSI, A Better Price Oscillator than MACD
Most traders are unaware there are three types of oscillators used
for stock analysis. These are based on three different data streams –
Price Oscillators that use price and time data,
 Volume Oscillators that use quantity and time,
 Hybrid Oscillators that use price, quantity, and time.

There are innumerable price and time indicators and many are
oscillators, but one stands out from all the rest – Relative Strength
Index (RSI). It is not the most popular, but it is the best price
oscillator for short-term trading, and it is ideal for all trading styles,
making it one of the most versatile. How the formula is calculated
makes it unique among the many price and time oscillators available
for trading.
Oscillators by their very nature are generally best used as short-term
trading indicators. Long-term investing should not use oscillators for
overall analysis of a long term position, however, Volume and Hybrid
oscillators can be used for entries and exits of a long term position
because they use quantity in their formula.
Most traders assume that oscillators have one function. The most
basic and elementary interpretation for oscillators is to determine
when a stock is overbought or oversold. I will take you beyond that
simple analysis, to explore how the exceptional price and time
oscillator RSI can outperform MACD as a momentum indicator.
MACD is because High Frequency Traders (HFTs) regularly use
algorithms that track retail-trade orders using MACD. When found,
they then front run the orders, which are more slowly executed than
the HFT millisecond trading, which then drives price ahead of the
retail trader’s ability to enter or exit the stock. This heavy use of
MACD as a primary HFT strategy caused many professional traders to
abandon MACD a long time ago.
The lesser used RSI indicator, originally created by Welles Wilder, has
several “knock-off” versions with minor changes made by other
indicator creators. It is best to use the “original” indicator rather
than a knock-off, as empirical evidence continues to show weaker
analysis with the knock off indicators.
RSI has not been as popular with retail traders as MACD because
most charting software systems and training seminars only teach the
single-line RSI analysis of overbought at the 70% line and oversold at
the 30% line. However, this amazing indicator has far more
usefulness when a subordinate indicator or secondary RSI line is
added to the chart.
The RSI indicator is one of the originally constructed indicators (aka,
24 Primary). It is not a variation of a primary indicator created for
stock trading. Therefore it can be used with other primary indicators,
or any subordinate indicator a trader wishes to use. How this is then
constructed depends upon the trading style or styles to be used, the
intent of the trade, the duration of the trade, and the experience as
well as educational level of the retail trader.
The chart example below (see end of article) combines a longer RSI
with a shorter RSI, which is similar to how MACD is constructed.
What makes RSI completely different from MACD is that the Moving
The reason traders should look for momentum indicators other than
8 | ATMASPHERE
DECEMBER 2014
Average Convergence and Divergence indicator is based on moving
averages crossing, one shorter and one longer.
RSI has a unique quality because it is
a comparative or relational indicator, since it leads price, rather than
just a moving average crossover, which tends to lag price, meaning
price must move before the indicator can cross over.
This indicator leads because RSI compares the current price to the
previous price based on the period setting. In this instance, the chart
shows a 15-day relational comparative price analysis, which is ideal
for Swing Trading, and a 25-day relational/comparative price
analysis, which is ideal for Position Trading.
I add a second, longer RSI of 75 to both, which can also be adjusted
as needed. Now, the RSI chart window not only has a high line of 70
and a low line of 30, but also a floating center line, which is
extremely useful for crossover signals and confirmation patterns.
Crossovers occur sooner, and confirmation of trend continuation is
much more reliable than other oscillators or momentum indicators.
The second chart example below shows RSI/RSI confirming that this stock is going to move
up, while MACD is showing a signal for the stock to move down.
When used in this manner, RSI is far superior to MACD. It provides
better entry signals and a clearer holding pattern when stocks shift
sideways.
DECEMBER 2014
ATMASPHERE | 9
profitability at the end of the month for a retail trader. By watching for
Therefore traders using MACD would exit, while traders using RSI would bottoming formations for example V and W, as well as Head & Shoulders in
hold consequently earning excellent profit. The third chart example shows the RSI chart window, a trader can enter even before the crossover occurs.
the
results.
Another aspect of RSI that is unique to this type of relational
comparative price oscillator over any momentum indicator like
MACD, is the fact that the line can and does form an extreme top or
bottom shape in the chart window. This is a hugely important trigger
signal for short-term Swing and Momentum traders, as it allows for a
much earlier entry before a stock moves up.
The fourth chart example shows a very common V bottom formation of
price which frequently forms prior to a Momentum or Platform price action.
RSI clearly signals several days ahead of MACD allowing the trader to enter
far sooner and earn higher profits during sideways market conditions ahead
of huge velocity runs. Even one day leading can make a huge difference in
10 | ATMASPHERE
RSI is the most versatile of all the price and time oscillators currently
available to retail traders. Each trader should consider their own
unique trading style, parameters, and rules to adapt each indicator
to their personal use and thereby create a professional set of
indicators for themselves. Every professional has his or her own
unique indicator set.
If a trader needs assistance in setting up his or her indicators with
custom period settings and parameters, they should seek guidance
DECEMBER 2014
from a professional on the best practices and methods for his
indicator tool kit.
Trade wisely …
Rajat Dutta is a system designer & a fund manager for Moneyrizing
Wealth Management Company. He is a trader since 1998. His Specialty is
trading micro trend with a focus on analyzing and trading Stock’s, Options
& Commodities. He can reached on Twitter Handle @Moneyrizing & email:
Rajat@moneyrizing.com
DECEMBER 2014
ATMASPHERE | 11
Phi Trend Trading System :- A simple trading
system based on divine geometry
Overview:The ratio 1.618(Phi) or it’s inverse 0.618(phi) is the divine
ratio which is a common factor which quantifies
relationships between various fields of study like biology,
astronomy, geometry, architecture, laws of nature, life in
general and also financial markets ,which expands and
contracts in relation to phi and its derivative, the Fibonacci
numbers.
The system which I call the phi trend trading system is
focused on 0.618(phi) and its complement ratio 0.382. The
essence of the system is to enter trends during
retracements in the direction of the main trend that is
timing the trade correctly.
phi Trade set-ups
It is pretty easy to spot a strong dominant trend in any
instrument at hindsight but the question is at point of the
trend would a trader enter and capture the highest
probability moves knowing he will not be caught in a
counter trending move.
12 | ATMASPHERE
The key entry criteria of this trading system is 38.2 %
(61.8%) Fibonacci retracement level in the direction of the
strong dominant main trend. But the problem trading with
38.2 % level or any other Fibonacci level alone can be very
frustrating for a trader since it can either confirm or reject
a market direction.
To filter out the weak entries we introduce another simple
confirmation tool in the form of moving averages.
Entry rule
Plot moving averages along with Fibonacci levels. I
generally follow 34 , 43 and 55 SMA depending upon the
instrument and time frame. Generally using Fibonacci
numbers as moving averages with Fibonacci levels give a
confluence of high probability entries.
The trade is triggered when price retraces to the 38.2 %
(61.8 %) Fibonacci retracement level or near it and also
touches the moving average .The moving average should
always have a slope and not flat or very widely curved.
This will ensure you are entering a trade in the direction
of the major dominant trend.
DECEMBER 2014
Illustration 1
Illustration 2
Stop Loss
Illustration 3
Two closes below the 38.2 % and the moving average can
be used as a stop loss. A more precise way to determine
stop loss and filter out throwbacks or spring backs is to
further divide the main 38.2 % and the next 23.6 %
retracement level into Fibonacci levels. A close below 61.8
% retracement of the secondary sub-division can serve as
a permanent stop and can filter out a lot of whipsaws.
DECEMBER 2014
ATMASPHERE | 13
Target
Once the trade has been triggered the higher/lower
Fibonacci levels are reference targets
Pros and Cons of the phi Trend Trading system
Cons
1) It does not capture the entire trend only a part of it.
2) Trade set ups are limited in number and requires a
lot of homework to spot potential candidates and
the patience to wait for them.
3) It takes time and back testing to get the combination
of moving averages right with the instrument.
2) This was the simplest form of the system. One can
experiment with oscillators and additional
parameters to further refine the system.
3) Most importantly be patient with the system and
track all the potential candidates diligently till you
get the entry trigger. Patience translates to profits in
phi trading.
4) The power of simplicity is the most understated
quality .Keep it simple.
Pros
1) It is a simple yet a powerful trading system with a
single rule entry and easy to execute.
2) High probability trade entries.
3) Lesser number of whipsaws
Some pointers to use the system
About the author
Sujoy Sikder is a CFA and has cleared all three levels of CMT. He is an
independent prop trader for the last 7 years . He uses mainly
Fibonacci Levels, Moving Averages ,Bollinger Bands and Renko
charts. He can be followed at twitter @mechie_in
1) 34, 43 and 55 SMA generally gives the best results
for several instruments and with other Fibonacci
levels also.
14 | ATMASPHERE
DECEMBER 2014
Can Oil be an investment forever?
Investopedia defines Crude Oil as naturally occurring
unrefined petroleum product composed of hydrocarbon deposits, in
shades of black and yellow with a ranging viscosity, many times
referred to as “Black Gold”.
This tells about the supply side. On the demand side the
largest consumers of Crude Oil are the US and next is China and
India. Below is the world supply-demand graph of Crude Oil. Its
pretty clear that the supply is able to keep up its pace with the
demand.
I will sincerely admit, out of the long boring definition the
words that caught my eye were “Black Gold”. Gold! Really?
Let me put up a disclaimer at the very beginning: If you think
we are going to discuss Oil prices and outlook here, you may be
disappointed.
World over there is a huge demand for Crude Oil. And it is
ever increasing. Depending on its properties like specific gravity and
its sulphur content, Crude Oil is mainly classified into WTI (West
Texas Intermediate) Crude and Brent Crude. These two are assorts of
a benchmark for Crude, widely used and widely traded. Crude Oil
producing countries classified in two, namely the OPEC and nonOPEC, where OPEC stands for Organization of the Petroleum
Exporting Countries.
The Organization of the Petroleum Exporting Countries
(OPEC) was founded in Baghdad, Iraq, in September 1960 by five
countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia
and Venezuela. They were Founder Members of the Organization.
These countries were later joined by Qatar (1961), Indonesia
(1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969),
Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007).
DECEMBER 2014
Source: Bloomberg, ACMIIL Research
From time to time we hear and read articles on how Crude
Oil is a limited resource and in no time the wells will go dry. This type
news certainly affects the prices. Other factors affecting the prices
are wars, pipeline damages and such issues. Everyone is aware of
these issues and lots of alternatives are being searched. There are a
couple of them, which have already been successfully implemented
too! The US is now discovering a large resource of Shale Oil Gas, and
some pilot projects for commercial production are underway.
ATMASPHERE | 15
There is a big league of environmentalists working round the
clock, all over the world, in convincing everyone to use clean energy
resources. This forces us to think, will there be a dependency on
Crude Oil – Forever? Well we have all the facts and figures in front of
us, but what is really going to happen; only time will tell!
Sumeet Jain, CMT is currently working as a sell side analyst at
Asit C Mehta Investment Interrmediates catering to both
institutional and retail clients. He has more than 8 years of market
experience and has been a active contributor on both print and
electronic media. He can be reached at sumeetsj@gmail.com
16 | ATMASPHERE
DECEMBER 2014
Book Review “ADVANCED TRADING STRATEGIES”
- Laurence.A.Connors.
The Book in question is a must have in the library. The book
covers multiplicity of factors such as trading psychology,
studying market patterns, designing winning trading strategies
to name a few. This book is a combo pack of everything one
wishes to learn and develop as a skilled trader.
The book starts with a very realistic note by saying that there is
no holy grail in the markets to success, rather success much
more dependent upon having a trading method that meets the
following three criteria:
1. The method must be conceptually correct.
2. It must provide you with a small edge.
3. Most importantly, the method must be able to manage the
bad tail.
Section One on S&P and Stock Market Timing identifies when
the stock market is at psychological extremes and likely to
reverse.
DECEMBER 2014
In second chapter, Connors Vix Reversal! is depicted which
does a solid job of identifying short-term market tops and
bottoms. Another methodology that uses the VIX to measure
overbought and oversold conditions. The "Connors VIX
Reversal II" (CVR II) adds the use of the Relative Strength
Index (RSI) of the VIX to provide insight into another way to
time entries more precisely.
Then comes the explanation of CONNORS VIX REVERSAL III.
Volatility is mean reverting. This means periods of high volatility
are likely to revert back to their normal levels and periods of
low volatility also revert back to their normal levels. The author
found that this concept is an inherent feature of the VIX. The
author found that by applying the reversion to the mean
principle, one can predict the market behavior. By combining
the three reversal methods, one can identify reversals in the
stock market on a more efficient basis.
Chapter 3 reveals another magnificent method to time the
overall market through Trin Thrust. The TRIN measures a ratio
of the number of advances and declines on the NYSE and
relates those totals to the up-and-down volume activity in the
stocks. It simply looks at the daily percentage change in the
closing TRIN from yesterday to today to predict the market
direction for the next two trading days. In chapter 4, the author
delebrates on Percent Advance/Decline Indicator to depict
market extremes and take a low risk high profit trade. The
beauty of the analysis and explanation is that despite of n
number of indicators, the trigger is pressed once the market
price action confirms to the indicators.
The second section of the book takes up Volatility in greater
detail. Chapter five beautifully elaborates on modifying Trade
Size and Stop Placement based on volatility measures. The
next chapter enlightens the readers with the most important
aspect of successful trading i.e Trading where the action is.
The chapter provided great insight as to where and when
trading should be concerned depending upon volatility of the
markets. The author then goes on to elaborate on filtering false
volatility signals.
ATMASPHERE | 17
Then in Section three, the author depicts and elaborates newer
patterns like 1-2-3-4 pattern which is a wonderful setup which
allows you to climb aboard strongly trending markets after they
have had a brief pullback, The "B-Day High/Low Reversal
Method" and the "Spent Market Trading Pattern" are setups
that identify times when markets are likely to reverse. These
methods are of great value to analyst and traders and have a
very good money management and position sizing system in
built.
Later on, the author gives detailed strategies on equity trading,
like Cash burn and profit trading strategy to name a few. The
author does not hold here but goes on to depict Option strategy
for a short term trader The book elaborates great amount of
work like 15 minute breakout strategies, trading options with
VIX and other volatility measures, the book teaches the lesson
of humility by adding a masterpiece work on Reversals off the
morning call to adapt to the sudden changes in the market
conditions. The book explores trading runaway moves,
exhaustion gaps, advances trading strategies to accomplish
one a perfect trader in every market condition and trade in all
market set ups.
The book concludes with explaining the role of practice,
experience, and psychology play in leading one to become a
superior trader. The book clearly embarks the most important
ingredients to be a successful trader: first one needs to
understand market dynamics before creating a trading
methodology. The principles such as volatility reverting to its
mean and when it is extremely low you trade breakout
strategies and when it is extremely high, you trade strategies to
exploit price implosion are great insights. The book enlightens
us with the time test truth that markets are made up of human
beings and human beings are irrational. To be a successful
trader, one needs to have this book in his or her library for
sure. I strongly recommend my fellow colleagues to must read
this book.
18 | ATMASPHERE
Sahil Vijay, CMT is in the financial markets for the last nine years and
currently working as a Treasury Analyst with Capital Bank. A Banker by
profession he looks after Investments and takes trading decision in Debt,
Equity and Foreign Exchange markets. He uses Elliot Wave Theory, Gann
Studies, Bollinger Bands, Fibonacci Analysis and Momentum Oscillators like
RSI to drive confluence points in various markets to establish low risk –high
yield set ups, he also include inter market analysis and global indices in his
study to draw better understanding of the under currents in global
financial markets.
DECEMBER 2014
World's FIRST E-Library of Technical Analysis
The R. N. Elliott ATMA E-library of Technical Analysis
Inaugurated on 6th October 2012, at the hands of Mr. Robert
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Access E-books as well as audio-books on Technical Analysis, Trading
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ATMA Members & Affiliates, except for the student
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DECEMBER 2014
ATMASPHERE | 19
PAST EVENTS’ UPDATES
CHAPTER
DATE
SPEAKER
TOPIC
Delhi
31-08-2014
Dr Sanjay Sinha
Elliot& Fibonacci –
Understanding
The Eternal
Relationship
Bengaluru
Mumbai
07-09-2014
20-09-2014
Mr. Krishna Rao P
Using Trendlines
S
and Fibonacci
Mr.Atul Suri
Trading for a
Living
Mumbai
08-10-2014
Mr. Ambareesh
The Games
Baliga
Promoters Play In the market as
well as in the
financial accounts
Delhi
20 | ATMASPHERE
02-11-2014
Mr. Sachin
Aggarwal
Stock Markets,
Charts and Profit
Making
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22 | ATMASPHERE
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Benefits of Membership with the ATMA
Apply for your ATMA Membership Today!
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DECEMBER 2014