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Though, the
results has been very satisfactory with the
Vjyotish index, but we still would like to caution
that the
actual
market behavior may differ from the Vjyotish
index by one day. |
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Please read the following points carefully: |
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There
may be sudden turns in the market when
there are extreme changes in Vjyotish index values. Watch out,
specially, for extremely negative or positive dates in it. You
might be looking at some very significant turning points of a market.
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If
an indicated turning date fails to
materialize and market continues it's
course in the same direction - be very
cautious. It may continue to move in that
direction (whether ascending or
descending) till the next indicated turning date is
reached. |
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The results
are more authentic, whenever, either negative or positive bars are shown continuously for a long
stretch of time. Do not
use this index, when flickering results are shown.
Thicker the negative or positive patch in the Vjyotish index, the greater the probability is.
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Whenever,
Vjyotish values move in a particular
direction continuously, whether
declining or increasing, the market is
expected to remain in similar direction
till a bottom or top in Vjyotish values
is not reached. However, fall in
Vjyotish values does not always mean
fall in market -- instead, it may just
be the reverse . Same caution should be
applied when Vjyotish values are
increasing. |
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If the
period under consideration is smaller than a year (say,
it's a 30 days index), it must be borne in the mind that it is
simply showing a magnified "piece" from a broader
picture (say for example - from a 365 days index). If we draw a
365 days index, these maximum and minimum values may
altogether be different in that broader perspective. Then, the
size of "negative"
(left)
and "positive"
(right)
horizontal bars in the index may considerably change due to
their adjustments as per the new
"maximum"
and "minimum"
values.
However, the index pattern will remain the same. Therefore,
it is always advisable to check the index of a large period to
draw better conclusions.
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