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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Is market turnaround round the corner?

Is market turnaround round the corner?

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1Is market turnaround round the corner? Empty Is market turnaround round the corner? Wed Jul 17, 2013 4:48 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
If you look at the previous 3 market uptrends the turnaround has started approx. around the following days
                13 August 2012
                05 December 2012
                05 March 2013
If you look at these days market has started to move slowly towards positive direction until it is triggered for a bull run. These have occurred with a periodic manner with 3 or 4 month intervals. Now MACD and RSI (for ASI) resemble previous turnarounds, 4 months following the last. I appreciate valuable contribution from the senior members, technical analysts, or whoever think positively for the benefit of everybody who is eagerly waiting to get into the bus while it is waiting.

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As you can see, I am not a senior member or technical wizard to contribute but I think you are right -its looks ready to RUN !
1.When ADB down grade rest of the s.Asia growth they are more optimistic about sri lanka.
2.Word bank has same view
3.SL central bank actively try to bring down interest rates.
these things should create positive sentiment!!!!

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI is forming a reliable bullish chart pattern.

4Is market turnaround round the corner? Empty Re: Is market turnaround round the corner? Thu Jul 18, 2013 11:22 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
No triger

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
gud luck for the turn down !

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@Dr_CSE wrote:If you look at the previous 3 market uptrends the turnaround has started approx. around the following days
                13 August 2012
                05 December 2012
                05 March 2013
If you look at these days market has started to move slowly towards positive direction until it is triggered for a bull run. These have occurred with a periodic manner with 3 or 4 month intervals. Now MACD and RSI (for ASI) resemble previous turnarounds, 4 months following the last. I appreciate valuable contribution from the senior members, technical analysts, or whoever think positively for the benefit of everybody who is eagerly waiting to get into the bus while it is waiting.

Market has hit a bottom - from next week it will go up - buy now!

mark

mark
Expert
Expert
i think the issue is political affect in SL

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
Looks like market is marching towards a positive direction. Anyway no need to jump in to the bus and fall. Still we might have one or two red days next week, be patient to start collection on these days. We can be hopeful that the market won't fall below 6000 and will strive forward positively until the next bull run.

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