Saturday, September 22, 2007

Technical Analysis Analogy to Cricket

Sachin Tendulkar, that star Indian batsman lately has been getting out in the 90s very often, in both tests and one dayers, and hasn't got a hundred in a long while!

From technical analysis point of view that means there is lot of resistance in the 98-99 range, he has been hitting at it quite persistently, so eventually the buyers will take control over from the sellers and the resistance will be broken and Sachin will get a century!

Now, once resistance is broken, it becomes support. Does that mean, from then on we will see only 100+ scores from Sachin! Dream on :)

Cheers!
Lazy

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