Discuss Long Term Investment at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by jdm
what i said is general, not specific to any particular day, ...
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what i said is general, not specific to any particular day, and thats how i find the market to behave in this globalised world.
whenever theres a deep correction, like what we are witnessing, the pullback is of atleast 50% of what we have shredded. and thats gives us a immediate target of 10,700 for the sensex.
the way the market bounced back is a text book recovery and this gives me a reason to be a bit little more optimistic and i wouldn't rule out the recovery to attain the next level of retracement, i.e. 61.8%.
but remember, this up move is the effect of the meltdown and not a real pull to the next level of the bull run. the dust is yet to settle. let the dust settle. let there be a phase of consolidation. then only one could say whether we will see 12000 again. the fall in midcap and small caps are definitely a cause of concern.
theres no last day for buying and selling. there is and will be opportunity at every levels. take your time and invest with a long term perspective. you know the most frustrating thing is the market in general goes up but not the price of the script, which one has invested in. so do take care while selecting the scripts.
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25th June 2006, 10:52 AM
Re: Long Term Investment
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