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Bhagyashree Urdhwareshe, CMT

Bhagyashree Urdhwareshe, CMT

Bhagyashree Urdhwareshe, CMT has been active in trading and technical analysis of Indian stock market since 2007 and US Market since 2015, trading derivatives and equities.

She owned a software development firm Sunsoft Technologies in India that successfully executed several software development projects from concept to implementation. The focus was on corporate software solutions with a special emphasis on web-based applications. SunSoft had also launched a set of web based decision support systems which were offered as application service in the form of standard or customized solutions. The modules were mapped to the client’s existing business flow to track and analyze data and provide business intelligence information at various levels.

Bhagyashree is proficient in Japanese language and completed penultimate level certification (J.L.P.T level 2 Ni Kyuu). Contact her on Twitter @sunsofttech.

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            [post_content] => “The trend is your friend.”

As market technicians, we hear this a lot. And then eventually, thankfully, we learn to follow it as well. But what if there is no trend? Then what?

Well, then you make new friends that go by the names Patience and FaithPatience for when the trend resolves, and Faith in your abilities to identify that resolution.

Hello readers! Welcome to the revamped version of Technically Speaking. We’ve made several changes to the existing format based on the feedback we’ve received and we’re excited to share it with you. I am taking over the role of the Editor from Michael Kahn, who has been a fantastic Editor for the past three years! Thank you, Mike, for the content you curated diligently for so long.

As a study, technical analysis is extremely subjective, and once we factor in the emotions of the market participants and the market analysts, we have to ourselves a delightful mix of knowns and unknowns. The known is that human behavior continues to exhibit the same tendencies over time: Greed & Fear. The unknowns comprise the unique combinations that emerge from the coming together of distinct indicators, systems, trading styles, and perceptions. Put together, we have a beautiful place to go to, where every day is a new day and every day brings new opportunities. That is, if you are prepared to seize them.

2020 and 2021 have been quite distinct from one another. If 2020 was like bungee jumping, then 2021 has been more like ziplining. While 2020 rewarded those who had faith in the trend resolution, 2021 has been rewarding those who’ve exhibited patience. Regardless of both market scenarios, there have been plenty of lessons to be learned. Learn, we have, and will!

In the new format of this newsletter, we will present information in various forms that can be broadly categorized but not limited to the following:

Members and non-members are invited to share their unique experiences and learnings so as to grow together as a community.

I’d like to take this moment to thank the CMT Association for giving me this opportunity. I have been a student of Journalism in the past, and to be an Editor of an International Newsletter is truly a dream scenario playing out for me. I started out with the India-specific Newsletter Technical Insights, and have had many learnings which I intend to put to good use now.

My goal is to make market insights more accessible to you from those who have had their fair share of experiences. At a time when the market environment is as vibrant as it is today, it could only help to learn from those who have experienced the cycle of fear & greed several times and more!

If there is anything else you’d like to see featured here, please reach out to me at editor@cmtassociation.org.

Here’s to a new journey. So onwards and upwards we go (into bullish momentum territory).

Until we meet again (in print), think technical!

Rashmi Bhatnagar

Editor
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