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#1
7th February 2008, 08:43 PM
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Its a Bear Market and not correction
Hello Everone,
I was not active for last many days because i didnt want to jump to a conclusion but todays' fall has confirmed that its not a mere correction but after many years the bull market is under threat, and we can continue to be in a bear market for atleast 6 months - 1 year and the prices will break badly, all the players,long, medium or short term should keep in mind to short or sell the market not to buy. For technical players, weekly close below 4900 nifty should confirm the trend. If we are lucky we may escape with only 1-2 mnth of correction,but looks unlikely. Anyways if i get any signal that bear move has ended, i will keep you informed Regards 
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#2
7th February 2008, 09:11 PM
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Re: Its a Bear Market and not correction
hi
u are absolutely rgt... we are now in bear trap,,,,,,,i today in my thread have clearly mentioned,,,,20000 levls though it si too far...but better,,,,,to sell now,rather than buy,,,we hav the whole year in down trend,,,,,todays down has confirmed more...and tom also i think we may see...below5070 levels....if there si any chance of reversal then tom,,, otherwise again more down fall..is confirmed... renu all stocks in majority are showing weakness,,, lets see... i think investments should be liquidated now,,though we have lost much,,
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#3
7th February 2008, 09:26 PM
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Re: Its a Bear Market and not correction
A Bear phase than Correction means greater bigger Down side Impulse (Price & Time wise) than the Upside.
In all Larger time frame even if the bias is (+)ve there are embedded Down Impulse,that is the nature of Mkt movement.We become more worried when the Larger Time Frame itself is with (-)ve bias. There is no single iota of doubt that on EoD time frame since 18th Jan a (-)ve bias is on progress & 22nd's Price action confirmed it. The weekly Time frame is still on Corrective mode but not a confirmed (-)ve bias as EoD.
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#5
7th February 2008, 09:43 PM
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Re: Its a Bear Market and not correction
Quote:
on 4th feb , u had this on the thread '25thjan , bulls attack.............' a pasting of ur post......hi members.... posting after long time could not at all resist myself..(though i was always in touch with thi sforum)...this particular thread had been the most controversial... first i would appreciate suduko for members warn for exiting totally truly correction was there on cards but not in form of crash....not a single analyst was aware of that,,, but i admit some where there(inner report as ambani .. and fiis game play) now suduko has been shouting 18500...18475/// and now 18900.....i dont understand this!!! sensex or nifty has moved so much from below 4500....or say even form 5000/5300.. he did not suggest a single buy..thoughmnay frontline stocks were in oversold zone.... everyone were in fear of bear mkt,,,,( even me too)... like according to me nifty wsa in proper buy on friday at 3/30...and is still in buy... and many stocks too.... it is not after stocks have moved i ma saying...... like recent signal will come in ntpc,,,check out...above 217...hold it!!! and if u have given good and more filtered levls memebrs could have gained this rally of short trem (pull over),,,say of 300/400 nifty points.. just think ,,,!!!! and kindly stop using ur dramtic languages...because it really may hurt someoen more if he is bullish or he is long,,,and would give more confidence to one who is short....no matter whether u are rgt or wrong...be simple.... renu
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#6
7th February 2008, 09:46 PM
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Re: Its a Bear Market and not correction
The market went up too fast , now its come down too fast. Over a period of 1 year nifty at 5000 still shows a gain of more than 40%. Can a few red candles on weekly confirm a bear market? i completely disagree.
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#8
7th February 2008, 10:10 PM
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Re: Its a Bear Market and not correction
Jumping to conclusions too soon, a prolonged time correction comes, and we say bear market, the more the time we spend at these or lower levels, the stronger and cheaper our markets will become, majority of corporates are posting exceptional growth numbers many exceeding 100% growth compared to same quarter last year, exceptional tax revenues are being collected, we never had a time correction in the last two years, I'll be very happy if we are able to stay at these levels for some time (though markets dont move on one's wish). On the contrary I think we are spoiled by markets going up too fast and expect the same speed (5% or more on the same day).
When the corporates numbers shows major slow down, that will the first sign for me for weakness in the markets. Till then enjoy this bumpy ride to 40000 (2010). India = Superpower (2015). My view only, based on fundamentals of our country.(Nothing major has changed fundamentally for our country from Dec07 till now Feb08, only a hiccup of US recession and that is not as major as the world and all the analyst want us to believe).
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#9
7th February 2008, 10:20 PM
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Re: Its a Bear Market and not correction
Quote:
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#10
7th February 2008, 10:56 PM
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Re: Its a Bear Market and not correction
I feel that this downward move persists up to 15K. the reason for 40% growth is FII Investments through P notes. Now almost Pnote money withdrawn.
US recession also waiting. The prevailing support at 17K was from the Domestic funds and from those new investers came into the market Only because their nighbors and friends get money from the stock market last year.These people Feel that this is the best oppertunity to buy at low levals(at 18K) And they will taste the Loss soon when the sensex touches 15K. So it is the middle of a bear market. Not a correction on the way to 30K!!!.
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