1) Already said what I felt about current market long term and short term.
After several days of green we are bound to have some red days at some point. I do not have a crystal ball to predict 100% extactly when. These days am a little worried market ran 6 days continuously.
2) I am confident about the market long term.
Kindly do not mix short term and long term goals.
For a person who collected /averaged when market was 4700+ , it does no bother when the market hits 6000 and dips for a correction.
I even hinted/told the forum the below when ASI was 4700-4800.
Everybody patience level and holding level is different.
Just because some of us comment frequetly ( stick with the forum during good times and bad times) we are easy targets to pick on a comment we make.
3) When ASI was 5900-6000 previously , I and even SMall was clearly saying the market was overbougt (( ASI was in the 90s) short term.
Not sure what you want me to say during market corrections. Sell sell sell to even long term holders who does not panic on market fluctuations?
4) During any period, I like to talk about individual stocks . Some share will trade attractive even during peaks.
For example GLAS only ran to Rs 6.7 max when ASI was 6000 previosly. So a comment I made on individual shares with attraciveness on long term does not suit for short term players . They will come back and say it dropped 10% and it is your fault.
That why I do not post my analysis on the forum anymore.
Some possibilities now
1) a few red days now to cool things off but not drag ASI down by a lot ( that will be bad)
2) this trend keep pushing, breaking ASI 6000 easily/comfortably and then taking a bit of a rest. If is breaks 6000, and want to take a rest , it should saty above 6000. Falling below 6000 again might not be that good.
I thk the ASI growth is consistent and growing in a acceptable manner. I am expecting, if ASI passes 6100 level then confidence will be very high then it will simply hit 100-130 points in a day. Probably it will break 6000 sooner.
@ slstock, I remember ur name during the last rally. u were confident on market when even it was 5900 level whilst I was criticizing....
. So what do u reckon at this time?