Market tilt towards ASPI 5000

Quibit

Quibit

Senior Vice President - Equity Analytics

Posts : 2658
Join date : 2010-05-08

Market tilt towards ASPI 5000 - Page 4 Predic11

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine, economic progress. Any bad news could bring it down to 5200 levels.However Long TermTrend chart predicts ASPI to be around 5000 by end of 2020. Week ahead is critical.

Last edited by Quibit on Wed Nov 18, 2020 6:35 pm; edited 7 times in total

Tue Oct 27, 2020 12:01 am by **geesura** · Tue Oct 27, 2020 12:01 am by **geesura**

Quibit wrote:Tommorrow is a big red day,

HARI BN ELA according to your predictions every day is a red day...if im wrong please send me just a 1 ss of any positive comment on this forum

Cma likes this post

Tue Oct 27, 2020 12:12 am by **stockback** · Tue Oct 27, 2020 12:12 am by **stockback**

Quibit wrote:Tommorrow is a big red day,

are you counting Covid Cases?

Tue Oct 27, 2020 12:25 am by **fireshelter** · Tue Oct 27, 2020 12:25 am by **fireshelter**

try to finish green

Tue Oct 27, 2020 9:53 am by **Promoney** · Tue Oct 27, 2020 9:53 am by **Promoney**

I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group

Tue Oct 27, 2020 9:55 am by hiransilva23 · Tue Oct 27, 2020 9:55 am by hiransilva23

Promoney wrote:I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group

When people need buy at bottom they always say it’s red like a curse

Tue Oct 27, 2020 9:55 am by **RJ1010** · Tue Oct 27, 2020 9:55 am by **RJ1010**

Promoney wrote:I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group

Can’t always be on the buy side... there will come a time when he jumps to the sell side and seeks some green days

Tue Oct 27, 2020 9:58 am by Teller · Tue Oct 27, 2020 9:58 am by Teller

In world situation , more corona cases , more Index up

but sri lanka

Eng Krishantha, Mithooshan and geesura like this post

Tue Oct 27, 2020 10:33 am by **roshan1039** · Tue Oct 27, 2020 10:33 am by **roshan1039**

Quibit wrote:Tommorrow is a big red day,

Who's child is this?
Everyone knows market is not moving up due to present situation.
Otherwise market would have broken 6000 by now.
We must ignore these opportunistic third grade people.
I advice everyone not to panic on these minor drops, market will bounce back strongly within very short time.

Eugine Fernando, Kipling and geesura like this post

Tue Oct 27, 2020 10:45 am by Rational Investor · Tue Oct 27, 2020 10:45 am by Rational Investor

Quibit wrote:Tommorrow is a big red day,

On what basis ?? Twisted Evil

Tue Oct 27, 2020 11:52 am by **Invest-Wise** · Tue Oct 27, 2020 11:52 am by **Invest-Wise**

I have been following this forum since 2013. I am also a member in a few others groups on Whatts app which has members who are High Net worth investors (HNWI). Trust me even those people cannot change the direction of the market by saying anything on a forum so I am 100% sure anyone whose being negative here could NOT effect the market index. It takes a lot to bring a market down and create panic (you can do it but you need to be willing to sell down with considerable amount of shares in key counters that impact the index). So let anyone express their opinion and we can accept it and post our counter opinion if so or maybe even just smile). Some people love the doom and gloom. But that's their nature I guess. I personally have been trading for 28 years and I have seen 3 market crashes in my lifetime till now. Yet I still trade and survived. To me this year has been the best time so far!!! Smile

Happy trading.

Quibit and roshan1039 like this post

Tue Oct 27, 2020 11:54 am by **Value Pick** · Tue Oct 27, 2020 11:54 am by **Value Pick**

dayandacool wrote:

Value Pick wrote:

dayandacool wrote:

geesura wrote:

dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily.

But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum.

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Smart selling is worse than Panic selling. In a panic selling, turnovers are massive and recovery time is very quick. that's why we witnessed quick recoveries during past panic selling markets. Also panic selling and higher turnover could also mean that buyers still think shares are undervalued. What happens in smart selling is that It takes long time to recover again as purchases are less and it also establishes that buyers think prices are over valued which is displayed by the low turn over. There is a clear difference between previous selling and what is observed during last week and today.

Somehow, this will not impact long to medium traders as they are just not bothered about market sentiment but the value of their shares.

Smart selling is on. No buyers but buy from the sellers. When buyer comes give everything to buyer....

dayandacool likes this post

Tue Oct 27, 2020 12:33 pm by **roshan1039** · Tue Oct 27, 2020 12:33 pm by **roshan1039**

Value Pick wrote:

dayandacool wrote:

Value Pick wrote:

dayandacool wrote:

geesura wrote:

dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily.

But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum.

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Smart selling is worse than Panic selling. In a panic selling, turnovers are massive and recovery time is very quick. that's why we witnessed quick recoveries during past panic selling markets. Also panic selling and higher turnover could also mean that buyers still think shares are undervalued. What happens in smart selling is that It takes long time to recover again as purchases are less and it also establishes that buyers think prices are over valued which is displayed by the low turn over. There is a clear difference between previous selling and what is observed during last week and today.

Somehow, this will not impact long to medium traders as they are just not bothered about market sentiment but the value of their shares.

Smart selling is on. No buyers but buy from the sellers. When buyer comes give everything to buyer....

Yes its smart selling, I think in this situation those with profits cashing out and some are clearing margin.
This will turnaround from next week.

Tue Oct 27, 2020 7:54 pm by Quibit · Tue Oct 27, 2020 7:54 pm by Quibit

What does todays ASI movement indicate?

Market tilt towards ASPI 5000 - Page 4 5f993810

Tue Oct 27, 2020 7:57 pm by **stockback** · Tue Oct 27, 2020 7:57 pm by **stockback**

Quibit wrote:What does todays ASI movement indicate?

ehenam heta start RED wela close Green vei...

Tue Oct 27, 2020 8:09 pm by Champ888 · Tue Oct 27, 2020 8:09 pm by Champ888

This is share market. Up and down trends realy good for traders.

Tommorow end should be green..

judecroos likes this post

Tue Oct 27, 2020 8:47 pm by **කොටස් වෙළඳපොළ2020**

දැන් සෙමින් ඉහලයාමට පටන්ගෙන .......

Wed Oct 28, 2020 4:46 pm by Quibit · Wed Oct 28, 2020 4:46 pm by Quibit

Tommorro will be deeper red than today owing to news below.

Quarantine curfew will be imposed within Western Province from 12.00 midnight tomorrow (29) till 5.00 am on Monday (02 Nov) - Army Commander- adaderana.lk

Wed Oct 28, 2020 4:54 pm by FireandWater · Wed Oct 28, 2020 4:54 pm by FireandWater

I am amazed at how people can predict like this. If it is deep red my suggestion is to buy deep. its month end and the credit will ease from next month.

Wed Oct 28, 2020 5:05 pm by **samaritan** · Wed Oct 28, 2020 5:05 pm by **samaritan**

The quarantine curfew is going to be in force on a long week-end and will be lifted on Monday.

Wed Oct 28, 2020 5:27 pm by **Promoney** · Wed Oct 28, 2020 5:27 pm by **Promoney**

Quibit wrote:Tommorro will be deeper red than today owing to news below.

Quarantine curfew will be imposed within Western Province from 12.00 midnight tomorrow (29) till 5.00 am on Monday (02 Nov) - Army Commander- adaderana.lk

Market tilt towards ASPI 5000 - Page 4 Scree196

Wed Oct 28, 2020 8:30 pm by **fireshelter** · Wed Oct 28, 2020 8:30 pm by **fireshelter**

it's a good reason for Green alien

Wed Oct 28, 2020 8:42 pm by **කොටස් වෙළඳපොළ2020**

NO NO NO

අදහස් අගය කරමී.ස්තුතී.

Wed Oct 28, 2020 8:48 pm by **කොටස් වෙළඳපොළ2020**

ඉතා කෙටි කාලයක් තුළ වෙළඳපල නැවත ශක්තිමත් වනු ඇත. Sleep

Thu Oct 29, 2020 4:24 pm by **stockback** · Thu Oct 29, 2020 4:24 pm by **stockback**

stockback wrote:

check my chart and trend now..

Thu Oct 29, 2020 4:26 pm by hiransilva23 · Thu Oct 29, 2020 4:26 pm by hiransilva23

Quibit wrote:Tommorro will be deeper red than today owing to news below.

Quarantine curfew will be imposed within Western Province from 12.00 midnight tomorrow (29) till 5.00 am on Monday (02 Nov) - Army Commander- adaderana.lk

Blood everywhere,should be alien’s blood

.this time its green

heroxhere and skyrocket like this post

Thu Oct 29, 2020 4:30 pm by Rational Investor · Thu Oct 29, 2020 4:30 pm by Rational Investor

Quibit wrote:Tommorro will be deeper red than today owing to news below.

Quarantine curfew will be imposed within Western Province from 12.00 midnight tomorrow (29) till 5.00 am on Monday (02 Nov) - Army Commander- adaderana.lk

Have you bought enough?

Thu Oct 29, 2020 6:15 pm by **dayandacool** · Thu Oct 29, 2020 6:15 pm by **dayandacool**

Not to demotivate anyone but as we celebrate the rejuvenation of ASI (yes, I was in a deep loss during last 2 weeks too Market tilt towards ASPI 5000 - Page 4 Icon_biggrin

), keep this scenario in the back of your minds. Key is to break the October 2nd High which was 6075 to nullify the H & S pattern. Also we need to see the increment of Market Cap along with the daily turn over. Please note that these scenarios are playing along a long term time spectrum.

I will only be worried if we fail to make a higher high again keeping us floating well above 6000.

Market tilt towards ASPI 5000 - Page 4 Head_a11

Fri Oct 30, 2020 2:00 am by **stockback** · Fri Oct 30, 2020 2:00 am by **stockback**

stockback wrote:

ABC is a "Descending broadening wedge pattern" every one know this is a bull pattern.

we will see

dayandacool likes this post

Wed Nov 04, 2020 1:58 pm by **stockback** · Wed Nov 04, 2020 1:58 pm by **stockback**

stockback wrote:

stockback wrote:

ABC is a "Descending broadening wedge pattern" every one know this is a bull pattern.

we will see

see QUBIT .....

madukp likes this post

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Market tilt towards ASPI 5000

Market tilt towards ASPI 5000

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