Dont Panic

Balanced_Views · 1 Dont Panic Fri Jul 11, 2014 3:10 pm

Balanced_Views

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Healthy markets always have a bit of profit taking. No need to panic. I think it will go to 7000

viper123 · 2 Re: Dont Panic Fri Jul 11, 2014 4:45 pm

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it can be 6000 as well. But I like ur view

PROPRITER · 3 Re: Dont Panic Fri Jul 11, 2014 11:36 pm

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Balanced_Views wrote:Healthy markets always have a bit of profit taking. No need to panic. I think it will go to 7000

As far as I'm concerned now the market is at overbought territory and there should be a correction.
I rather prefer to relies the part of my profits

SHARK aka TAH · 4 Re: Dont Panic Fri Jul 11, 2014 11:55 pm

SHARK aka TAH

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OB or OS something i have purposely ignored.
You can not apply RSI 14 day period and say its overbought and we need to sell off. Its not like that, for some one who has monitored MA RSI they need to understand we can not apply same settings for all the shares and Indices to know whether a correction is due or not.
The reliable indicators if applied properly would be FIBs to point reversals that can precisely tell you the reversal zones.

PROPRITER · 5 Re: Dont Panic Sat Jul 12, 2014 7:05 am

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SHARK wrote:OB or OS something i have purposely ignored.
You can not apply RSI 14 day period and say its overbought and we need to sell off. Its not like that, for some one who has monitored MA RSI they need to understand we can not apply same settings for all the shares and Indices to know whether a correction is due or not.
The reliable indicators if applied properly would be FIBs to point reversals that can precisely tell you the reversal zones.

Thank you for the inspiration shark.
Yes, Comparatively still there are plenty of undervalued stocks in ASI (Eg; less than 10x PE)
Actually I couldn't give a thought about this.

worthiness · 6 Re: Dont Panic Sat Jul 12, 2014 10:00 am

worthiness

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I believe, technical revelations are well suited for well regulated market where standard practices are carried out though no perfect market situations exist in the region. Observing past weeks pattern, market direction looks to be very strong with few uncontrollable panic situations. Let us have now technical experts to reveal their analysis for overall market direction in coming months. It is helpful to readers to understand the strength or weakness of the market.

stevenapple · 7 Re: Dont Panic Sat Jul 12, 2014 11:37 am

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PROPRITER wrote:

SHARK wrote:OB or OS something i have purposely ignored.
You can not apply RSI 14 day period and say its overbought and we need to sell off. Its not like that, for some one who has monitored MA RSI they need to understand we can not apply same settings for all the shares and Indices to know whether a correction is due or not.
The reliable indicators if applied properly would be FIBs to point reversals that can precisely tell you the reversal zones.

Thank you for the inspiration shark.
Yes, Comparatively still there are plenty of undervalued stocks in ASI (Eg; less than 10x PE)
Actually I couldn't give a thought about this.

Agreed.Market conditions and future prospect all should be accounted for.