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| Discuss Reason for Market Fall today at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Thursday, August 23, 2007 (Mumbai): Markets saw a sharp drop earlier in the day shortly ... |
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#1
23rd August 2007, 04:32 PM
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Reason for Market Fall today
Thursday, August 23, 2007 (Mumbai):
Markets saw a sharp drop earlier in the day shortly after an SMS began doing the rounds that the government would fall in 45 minutes. Even though it is impossible to say whether the SMS lead to the fall in markets but the timing is surely the suspect. However, several brokers are blaming on the SMS for sharp fall in the markets. The SMS claimed that the Left would withdraw support on Thursday and that the receiver of the SMS should check with his or her sources. Some blame a fall of 150 points on this SMS but of course it is impossible to say if the SMS led to the crash. Sensex has touched a day low of 14,141 levels in the early deals. courtesy: http://www.ndtvprofit.com/homepage/s...ory=n&id=40214 Any coments guys ? 
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#2
23rd August 2007, 05:10 PM
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Re: Reason for Market Fall today
You are suggesting that many traders would fall victim to some false SMS?
Also note that market has not recovered fully even after 45 minutes. It falls because of heightened volatility, may be one HNI or institution trying to liquidate a small part their holding. Then the trend followers jumb on it and zoom the fall out of proportion. Aggressive buyers need to return for a sustained bull run.
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#3
23rd August 2007, 05:16 PM
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Re: Reason for Market Fall today
I am not saying anything, this is what the website of ndtvprofit is reporting. The market should not have fallen today considering china topping 5000, Nikkei up 450 points , Dow up last night and FTSE looking strong. Entire Asia and Europe are strong today.
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#4
23rd August 2007, 05:33 PM
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Re: Reason for Market Fall today
From the 2 Pillars of the Stock Markets.
Greed has taken a beating. Fear is ruling. No wonder one single SMS can shake confidence for a day. It is Fear that rules the roost. This is normal when there is uncertainity. Hence it is adviced to be very careful.
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#5
23rd August 2007, 06:56 PM
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Re: Reason for Market Fall today
In to-day' hourly chart it was evident,the Chart was unaware of the SMS's.
Last edited by uasish; 10th August 2008 at 11:46 PM.
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#6
23rd August 2007, 07:00 PM
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Re: Reason for Market Fall today
Quote:
Searching researching for drop or rise doesnt help a trader at all, it matter only were are you standing 
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#7
23rd August 2007, 07:04 PM
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Re: Reason for Market Fall today
Quote:
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#8
23rd August 2007, 07:34 PM
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Re: Reason for Market Fall today
I think adeel may be right about sms rumour. big players are giving small investors last push so that they run away from market and big fish can have all the food
my prediction is that market will now start rising tomorrow or max from monday 
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