When market goes up, maybe you saw so many people appearing ( at various forums ) with their predictions" to show their skills. So people like us are not wanted or needed.
Anyway as CSE and world situation is shaky now, now what ?
1) Mentioned on May 5th ( when ASI was 7180)
"Few volatilities ( 2-4% on ASI) can happen with election situations etc but CSE who be now better shock resistant."
2) Also mentioned on May 6th in the thread "CSE in 2015 : what will happen?"
"My pattern reading and study tell me ... CSE needs to break 7600 first with big volume to go any further. Last year it tested 7600 and came down due to political issues "
Then what happened afterwards ...
In early July, ASI dropped to 6930 and bounced back. ( refer to point 1 above )
In August it went 7550 ( refer point 2 above)
3) So presently ...
On 24th, ASI nearly dropped 2%.
Today ( 25th) when I started writing this, ASI drop was about 0.5%. It would have
increase while I am trying this long post?
4) Whom to blame now ?
New Government ?
Old Government ?
China - for slow economic growth/consumptions?
USA for scheming?
Promoters who did a fantastic job on poultry and some other shares in the last month?
Bulath Kade Asilin?
Belek Kade Simiyon?
Will leave you to figure whom to blame.
To me .. this big RED is good ( some might think I am crazy to say this )
5) So now what ?
Ideally I would prefer ASI to drop to about 7200 first and stabilize.
But if extreme gets in it can drop another 1+% ( about 70-100 points)
If ASI drop below 7100 with big selling ... then analysis needs to be done then ...
Short term people with credit issues : sell you weak share if you have to .
Medium People ( Investors ) : don't worry .
Hint : When gold was $1800 an ounce some people thought it was a great investment . Even our Central Bank bought high. But same people think if gold hits $900 it is not a good buy now. Got my hint
6) Note :
Oh by the way New Comers please read below it might save your skin big time.
Pay very special attention to the type "E" mentioned in the below
( the advanced kind = " Sometimes the hardest people to figure out are the people who talk smart , use their intellect to deceive. Make sure to read their past history to see how much contribution or share analysis they have done or how accurate they are." )
Side note : I requested people here to bump this thread but no one has done it.
I asked because I guessed in May what is going to happen by August /september.
Promoters have already started targeting new comers. Wait till ASI hit ....
( I gave hint what that number is in another post I made) when overvalued crap will be promoted more and unloaded to new comes.
All the best