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Market U turn on last Thursday & Friday was a breathalyzer for both buyers & sellers. It is a sigh of relief for many. But countless comments are given of the market approach pattern in next few weeks. Under circumstances many judgments based on individual personal impressions & feelings/opinions rather subjective grounds. Neither fortune teller nor top astrologer could predict the behavior of market direction. So did the technical analysis in the past.
Any deep plunge or market collapse is considered as a dis-reputation to existing regulator eventually passing to the government. It is pretty much sure rulers do their best to keep the market live encouraging all types of investors to bring & smooth out the patchy situation. On the other hand, whatever efforts taken none can expect to reach the market peak sooner experienced in 2015. Existence of even slow market growth without a deep plunge again until end of April would be a positive indicator for the rest of year 2016.
Any deep plunge or market collapse is considered as a dis-reputation to existing regulator eventually passing to the government. It is pretty much sure rulers do their best to keep the market live encouraging all types of investors to bring & smooth out the patchy situation. On the other hand, whatever efforts taken none can expect to reach the market peak sooner experienced in 2015. Existence of even slow market growth without a deep plunge again until end of April would be a positive indicator for the rest of year 2016.