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| Discuss Bombay Sensex forecast/call at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Odds favor a slingshot drop to 12,000. Huge intermediate-term correction is due -- but ... |
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#1
9th May 2007, 09:34 PM
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Bombay Sensex forecast/call
Odds favor a slingshot drop to 12,000.
Huge intermediate-term correction is due -- but when? Two possible answers: (1) Feb 9th top is wave 3 of the final 5-wave sequence from June 2006. (2) Feb 9th top is wave 5, which means the move is already complete. If (1) is correct, then expect a wave c of 4 drop to around 12,000 with a final wave 5 rally thereafter to past the previous top, possibly to 15,450 for the final top. If (2) is correct, then "the huge correction" is already underway and NOW is the last chance to get out. ------------------------------------ 
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#2
9th May 2007, 09:52 PM
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Re: Bombay Sensex forecast/call
hmmm.... interesting
Parv Quote:
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#3
10th May 2007, 05:39 PM
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Re: Bombay Sensex forecast/call
Quote:
 Raj
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#4
10th May 2007, 09:53 PM
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Re: Bombay Sensex forecast/call
Quote:
Those who came to the gunfight with a knife. And ... All one-legged investors who came to the butt-kicking contest hoping to win.
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#5
10th May 2007, 11:10 PM
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Re: Bombay Sensex forecast/call
Quote:
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#6
10th May 2007, 11:14 PM
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Re: Bombay Sensex forecast/call
Quote:
 .........laughs aside,very true!
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#7
11th May 2007, 09:36 AM
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Re: Bombay Sensex forecast/call
Quote:
now looks complacent. Thatswhat i want you to point it out. So all one-legged investor (I wud prefer to call them traders) get ready  Regards Raj
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#8
11th May 2007, 12:16 PM
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Re: Bombay Sensex forecast/call
Quote:
 Let's not ignore the 2-legged variety either -- they too are in a daze of their own. History has been kind to neither and both varieties often suffer loss of even their middle-leg by giving all the gains back, and then some. This has been going on for aeons and will continue, but there might be one or two who will recognize the trap, hence the original post.Taxi drivers, investors, traders, Muslims, office types, street-walkers, suits etc. - the list of bullish people is endless. But if everyone has already bought, who will provide the necessary fuel to keep going? The only people bearish the Bombay stock market are Pakistanis. This is not good.
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