Experts please put forward your judgment or outlook on market.
Thx
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Prince wrote:Looking at the current RSI level we can expect 2 or 3 green days from tomorrow onwards. But the problem is whether the market is healthy enough to sustain it for few more days. I reckon its not going to be like that as market was brought to this level by some pump-dump activities of a few large valued stocks. (ie. JKH , NEST) Further now some foreign investors are talking about investing in Gold and Black-Gold as both are in a downward momentum. And concerns in investing in USA as USD is getting stronger and stronger.
Saying all that, my opinion is to be in sidelined as I have seen this very situation - "the life cycle of the Market" - many times in my lifetime. Whatever the macro economic situations whatever the world economic situations market will bounce back in the correct moment. If you believe me I could mange to double my portfolio within 2 months time just after I enter the market in 2002/3 (if I recall correctly) but there was a huge war going on, in the country by then.
Market always filled up with opportunities to be grabbed by. You will see those opportunities once you be able to control your emotions specially the greediness.
worthiness wrote:As LSE indicated sometimes back, next turning point is 6107.70 & the third turning point is 5934.78. Are we heading below the level of 6000 ASPI?
Experts please put forward your judgment or outlook on market.
Thx
anges wrote:I read a research report which said it will drop to around 5600 and then recover
anges wrote:I read a research report which said it will drop to around 5600 and then recover
Hmmm I expect a 50% correction 6085.anges wrote:I read a research report which said it will drop to around 5600 and then recover
worthiness wrote:@LSE
Readers are waiting for your rework asap as the previous one has become invalid. Whatever, it is evident over & again the slide of notable high caps determine the index movement. Continuation of selling pressure by foreigners for the reasons indicated above, would slip the market further down unless heavily supported by locals.
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