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Whitebull wrote:During early 2009 CSE has bottomed out with a distorted double bottom pattern.Now there is a simillar formation.We need to keep an eye first on minor resistance line and then on major resistance line.Duration of bottom formation is also some what simillar to last bottom formation.
The price formation looks for me as a rounding bottom, thats a bullish pattern. The pattern appears after a long bear run.Whitebull wrote:During early 2009 CSE has bottomed out with a distorted double bottom pattern.Now there is a simillar formation.We need to keep an eye first on minor resistance line and then on major resistance line.Duration of bottom formation is also some what simillar to last bottom formation.
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Thanks. Don't rely totally on statistics. But appreciate your effort. It's quite refreshing when figures reassures you. But take care, look for events that will change market sentiments, investor behaviour,political situation etc.Based on that reposition yourself.Hanoifortune wrote:If you look at last 20 year history, ASI has bottom out after every two years of bearish trend.Hope 2013 will be dark green year.![]()
YEAR ASPI %
1993 979.30 61.70
1994 686.70 0.80
1995 663.70 -3.27
1996 603.00 -9.10
1997 702.00 16.40
1998 597.30 -14.90
1999 572.50 -4.20
2000 447.60 -21.80
2001 621.00 38.70
2002 815.10 31.20
2003 1062.10 30.30
2004 1506.89 41.88
2005 1922.21 27.56
2006 2722.40 41.60
2007 2541.00 -6.70
2008 1503.00 -40.90
2009 3385.55 125.25
2010 6635.87 96.01
2011 6074.42 -8.46
2012
traderathome wrote:Also economic outlook in 2013, locally and in Asia can affect, middle east and USA n Europe can derermine our future course.
Hanoifortune wrote:
Starting from later part of 2013 to 2021, There will be lot of economy,finance,relegious, political issues and natural disasters around the world.Some of the powerfull countries may collapse and weaker countries will rule the world.
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