"When markets go up, there are no resistances; when markets go down, there are no supports
Everyone is asking this question Is the party over for bulls?
Before we answer this question, lets review the last 10 trading sessions of Sensex
May 08 Bulls beat bears by 102 pts
May 09 Bulls beat bears by 51 pts
May 10 Bulls beat bears by 98 pts
May 11 Bears beat bulls by 176 pts
May 12 Bears beat bulls by 150 pts
May 15 Bears beat bulls by 462 pts
May 16 Bulls beat bears by 51 pts
May 17 Bulls beat bears by 344 pts
May 18 Bears beat bulls by 826 pts
May 19 Bears beat bulls by 452 pts
Well, Series leveled 5-5, then why bulls are looking so depressed. Look at the way bears have beaten the bulls. Its not the defeat that has stunned the bulls but the way they have been beaten.
How come suddenly, bulls that were playing with such great technique started losing. As in cricket, we say class is permanent but form is temporary; the same applies to India Story. India Story bulls have lost their form, and we can hope that they will find their form sooner than later. The only concern is that Left ideology should not get chance to occupy Chief Selector position, else bulls will lose their position in the team. We do not want to see another Saurav Ganguly episode. The fact of the matter is that Bulls have lost confidence, and the momentum is now with bears. Remember, everything in life is based on momentum. The period momentum gets disrupted; it takes lot of force to get it back. Now, heres another statistics It took just 7 trading sessions to come down from 12600 to 11000, whereas it took 28 trading session to scale the same height. It always takes more force to go up than to go down, and with confidence of bullsjolted, it will be a while, before bulls will be back. So, I put my money on the fact Party is over for bulls for time being. I will be very happy if party resumes.
Is this a correction or trend reversal?
I dont know. If you are 100% invested, you may hope its a correction. But What I understand, in correction, people book profits. They do not dump shares, at any cost. The most troubling part is the high volume selling, and the length of the bar in down direction. What about the money sitting on the sidelines? Well, Liquidity chases momentum; and the minute momentum is broken, liquidity dries out.
cont..
Everyone is asking this question Is the party over for bulls?
Before we answer this question, lets review the last 10 trading sessions of Sensex
May 08 Bulls beat bears by 102 pts
May 09 Bulls beat bears by 51 pts
May 10 Bulls beat bears by 98 pts
May 11 Bears beat bulls by 176 pts
May 12 Bears beat bulls by 150 pts
May 15 Bears beat bulls by 462 pts
May 16 Bulls beat bears by 51 pts
May 17 Bulls beat bears by 344 pts
May 18 Bears beat bulls by 826 pts
May 19 Bears beat bulls by 452 pts
Well, Series leveled 5-5, then why bulls are looking so depressed. Look at the way bears have beaten the bulls. Its not the defeat that has stunned the bulls but the way they have been beaten.
How come suddenly, bulls that were playing with such great technique started losing. As in cricket, we say class is permanent but form is temporary; the same applies to India Story. India Story bulls have lost their form, and we can hope that they will find their form sooner than later. The only concern is that Left ideology should not get chance to occupy Chief Selector position, else bulls will lose their position in the team. We do not want to see another Saurav Ganguly episode. The fact of the matter is that Bulls have lost confidence, and the momentum is now with bears. Remember, everything in life is based on momentum. The period momentum gets disrupted; it takes lot of force to get it back. Now, heres another statistics It took just 7 trading sessions to come down from 12600 to 11000, whereas it took 28 trading session to scale the same height. It always takes more force to go up than to go down, and with confidence of bullsjolted, it will be a while, before bulls will be back. So, I put my money on the fact Party is over for bulls for time being. I will be very happy if party resumes.
Is this a correction or trend reversal?
I dont know. If you are 100% invested, you may hope its a correction. But What I understand, in correction, people book profits. They do not dump shares, at any cost. The most troubling part is the high volume selling, and the length of the bar in down direction. What about the money sitting on the sidelines? Well, Liquidity chases momentum; and the minute momentum is broken, liquidity dries out.
cont..