I should be keeping my Mouth Shut here as this is an OPEN FORUM for everyone to see. Yet I am just STICKING my NECK out to take all the blame when it does'nt happen.
1. Who amongst you remembers the TOP of 18600 odd Last year and figured out that while we TOPPED out, Dow was Still Rising... The HERD moved IN to BUY n BUY n BUY for Further upside, but while the Dow was still Rising, we fell from 18600 to 15200 just a few months ago. The Most surprising part is this. BEAR RALLYS Downwards happen very fast, but THE BULL RALLYS TAKE TIME.
2. Now figure this OUT...... from 18600 to 15200 odd, it took Almost 8-9 months, While from 15200 to 17900 ( CURRENT NOW), we have taken just 2 months. That SURPRISES ME !!!!!!
3. So WHY are we RALLYING INTO this phase ????? Because the DOW has made an INTERMEDIATE BOTTOM and Rallied from there. Therefore helping the Indian Market to Complete its waves, and to Suck in the SUCKERS.
4. Do any of you still expect 20000....21700...... etc etc etc on the NIFTY while the Dow keeps falling hereon????
5. Lastly, I have give the DOWNSIDE TARGETS for the DOW. This is based on some complex calculations/ Fibonacci calculations.
I do not mean to SCARE anyone, nor is it my Intention to do so here. All I am saying is this........ STAY CAUTIOUS
1. Who amongst you remembers the TOP of 18600 odd Last year and figured out that while we TOPPED out, Dow was Still Rising... The HERD moved IN to BUY n BUY n BUY for Further upside, but while the Dow was still Rising, we fell from 18600 to 15200 just a few months ago. The Most surprising part is this. BEAR RALLYS Downwards happen very fast, but THE BULL RALLYS TAKE TIME.
2. Now figure this OUT...... from 18600 to 15200 odd, it took Almost 8-9 months, While from 15200 to 17900 ( CURRENT NOW), we have taken just 2 months. That SURPRISES ME !!!!!!
3. So WHY are we RALLYING INTO this phase ????? Because the DOW has made an INTERMEDIATE BOTTOM and Rallied from there. Therefore helping the Indian Market to Complete its waves, and to Suck in the SUCKERS.
4. Do any of you still expect 20000....21700...... etc etc etc on the NIFTY while the Dow keeps falling hereon????
5. Lastly, I have give the DOWNSIDE TARGETS for the DOW. This is based on some complex calculations/ Fibonacci calculations.
I do not mean to SCARE anyone, nor is it my Intention to do so here. All I am saying is this........ STAY CAUTIOUS
Comment:
The Downside Targets take time to happen as the chart is on a DAILY basis...